The Partnership Visa in Dubai serves as a vital gateway for foreign entrepreneurs and investors aiming to immerse themselves in the city’s thriving business ecosystem. This visa is an exceptional opportunity for individuals to establish or expand their business ventures in Dubai and the broader UAE.

Overview of This Guide:

• What is a Partnership Visa in Dubai?
• Requirements for Obtaining a Partnership Visa
• Step-by-Step Application Process
• Costs Involved in Acquiring the Visa
• Rules and Regulations Governing the Visa
• Frequently Asked Questions

What is a Partnership Visa in Dubai?

A partnership visa is issued to foreign nationals who own or invest in a company or who wish to establish a business in the UAE. It is designed to foster international collaboration and encourage foreign investment. The visa allows the holder to live and work in the UAE legally and sponsor family members’ visas. It is valid for three years and can be renewed.

Under this visa, foreign entrepreneurs can partner with a local Emirati sponsor who holds a majority share in the company. This partnership forms the basis for the visa application, enabling the foreign partner to legally work and reside in Dubai.

Benefits of a Partnership Visa:

• Business Growth: Expand or start new ventures in Dubai’s favorable economic climate.
• Strategic Location: Leverage Dubai’s global connectivity.
• Legal Residency: Live and work legally in the UAE.
• Family Sponsorship: Sponsor family members for residency visas.

Requirements for Obtaining a Partnership Visa

To secure a partnership visa, applicants must meet specific criteria set by the Dubai government:

1. Partnership Agreement: A valid, signed, and attested agreement outlining the partnership terms between the foreign national and the Emirati sponsor.
2. Minimum Capital Investment: Invest a minimum of AED 72,000 in a new or existing company.
3. Local Sponsorship: Secure a local Emirati sponsor who holds a 51% share in the company.
4. Business Licensing: Ensure the company is legally registered in Dubai with a valid trade license.
5. Financial Capability: Provide proof of financial stability, such as bank statements or audited financial reports.
6. Valid Passport and Photographs: A passport with at least six months of validity and recent passport-sized photos.
7. Health Insurance: Obtain valid health insurance coverage as required by Dubai regulations.

Step-by-Step Application Process

1. Partner with Dubai Business Service: Collaborate with experts to streamline the application, company formation, and government approvals.
2. Prepare Partnership Agreement: Draft and attest the agreement detailing ownership percentages, profit-sharing, and responsibilities.
3. Company Formation: Register the company in Dubai and obtain the necessary trade license.
4. Gather Required Documents: Collect all necessary documents, including passport, visa application form, partnership agreement, trade license, financial documents, Emirates IDs, and health insurance certificate.
5. Submit Application: Submit the application and required documents to the relevant authorities.
6. Pay Visa Fees: Pay the specified fees for the partner visa.
7. Medical Examination: Complete a medical examination at an approved facility.
8. Approval and Visa Stamping: Once approved, get the visa stamped on your passport by visiting the immigration office or designated visa centers.

Costs of a Partnership Visa in Dubai

The cost of a partnership visa ranges from AED 1,000 to AED 13,000, depending on the type of investment or business. Visa fees and associated costs can change, so consult professional business setup specialists like Dubai Business Service for the latest information.

Dubai and UAE Partnership Visa Rules

• Local Sponsorship: Required for all foreign nationals applying for a partnership visa.
• Company Formation: The company must be legally registered in Dubai or the UAE with a valid trade license.
• Share Capital Requirements: Specific capital requirements vary by business type and industry.
• Partnership Agreement: Essential for the visa application, outlining all partnership terms.
• Visa Duration: Valid for three years, renewable.
• Business Activity Compliance: Ensure compliance with local regulations and licensing requirements.
• Legal Obligations: Adherence to local laws, timely financial reporting, and tax obligations.

Frequently Asked Questions

How to Renew a Partnership Visa?

1. Gather required documents, including passport, Emirates ID, updated partnership agreement, and financial records.
2. Complete a medical examination, if necessary.
3. Submit the renewal application form and supporting documents to the relevant authorities.
4. Pay the renewal fees.
5. Get the visa stamped on your passport.

Can a Partner Work with This Visa?

Yes, the partnership visa allows you to work and actively engage in business activities within the partnered company, reside in Dubai, and contribute to business operations and growth.

How Long Does the Process Take?

The application process typically takes 15 to 20 working days. To avoid delays, start early, gather all required documents, and seek expert guidance.

Simplifying the Complex Visa Application Process

Obtaining a partnership visa in Dubai allows foreign entrepreneurs to establish or expand their business ventures. While the process can be complex, partnering with a local Emirati sponsor and seeking professional guidance from business setup services like Dubai Business Service can make the process smooth and efficient. With proper preparation, you can successfully secure a partnership visa and tap into the business growth opportunities in Dubai.