Investor and Partner Visa in UAE – Process, Costs, and Benefits
One of the most attractive aspects of setting up a business in the UAE is the Investor and Partner Visa, which allows foreign business owners to live and operate in the country legally. That’s why the United Arab Emirates (UAE) is a global hub for entrepreneurs and investors looking to establish and expand their businesses. If you’re considering business expansion in the UAE, this guide provides a comprehensive look at the process, costs, and benefits of obtaining an Investor or Partner Visa.
What is an Investor or Partner Visa?
An Investor Visa in the UAE is issued to foreign entrepreneurs who invest in an existing business or establish a new one. A Partner Visa is granted to business partners of an existing company. Both visas offer long-term residency and numerous business-friendly benefits.
Eligibility Criteria
To qualify for an Investor or Partner Visa, you must meet specific criteria:
- Own or invest in a company in the UAE.
- Have a minimum capital investment as per the emirate’s regulations.
- Possess a valid business trade license.
- Provide financial proof of investment.
Application Process
1. Business Setup Consultation: Work with a Business Setup Consultant UAE to choose the right business structure and licensing options.
2. Company Registration: Register your business with the UAE Department of Economic Development (DED) or free zone authorities.
3. Initial Approval: Obtain initial approval from immigration authorities.
4. Visa Application Submission: Apply for an entry permit if you are outside the UAE or an in-country status change if you are already present.
5. Medical Test & Emirates ID: Complete a medical screening and apply for the Emirates ID.
Costs Involved
Entry Visa Costs
- Basic Fee: AED 200
- VAT (5% of the basic fee): AED 10
- Additional Charges (if in-country):
- Knowledge and Innovation Dirhams: AED 10 each
- In-country processing fee: AED 500
Medical Test Costs
- Standard Visa Medical Screening: AED 250
- Fast Track Visa Medical Screening: AED 350
- VIP Visa Medical Screening: AED 500
Emirates ID Costs
- 1-year validity: AED 100 – 150
- 2-year validity: AED 150 – 200
- 5-year validity: AED 300 – 500
- Replacement (Lost/Damaged): AED 300 + application fees (AED 70 for typing centers or AED 40 for eForm)
- Express Replacement: AED 150 extra at ICA main’s Customer Happiness Centre.
Overall Visa Costs
- General Range: AED 3,000 – AED 7,000 (inclusive of medical, Emirates ID, and processing fees)
- Employer Responsibility: Employers typically cover visa costs for employees.
Factors Affecting Cost:
The cost can vary depending on the type of visa, processing urgency, and any optional services.
Additional Fees:
Besides the visa itself, there are additional fees for medical examinations, Emirates ID, and visa stamping.
Benefits of the Investor and Partner Visa
1. Long-term Residency: Investors can obtain long-term visas, depending on investment amounts.
2. 100% Business Ownership: In many UAE free zones, investors retain full ownership of their businesses.
3. Tax Benefits: The UAE offers tax-friendly policies, with no personal income tax.
4. Access to Banking Services: Investors can open corporate and personal bank accounts in the UAE.
5. Sponsor Family Members: The visa allows you to sponsor your spouse, children, and domestic staff.
6. Strategic Business Location: UAE’s global connectivity and infrastructure make it an ideal business hub.
Obtaining an Investor or Partner Visa in the UAE provides foreign entrepreneurs with an opportunity to establish a thriving business in one of the world’s most dynamic economies. By consulting a Business Setup Consultant UAE, you can streamline the process and ensure compliance with UAE regulations. With significant tax benefits, simplified procedures, and a booming market, investing in the UAE is a lucrative step toward business success.
