Currently, there are many opportunities for people who wish to invest in a property or company in the UAE. For instance, the property investor visa Dubai. This is a visa system created by the government to continue attracting foreign investors and continue to grow the economy, as they have been doing up to now.
In this article, you will see all the relevant information about the property investor visa in Dubai. Thus, if you are a person with considerable capital and you are looking for where to invest it; you can convince yourself that the best place in Dubai. In addition, you will have a small guide on everything you must do to be able to access this long-stay permit and be able to take advantage of it.
- Do you know what is investor visa in UAE?
- What are the four categories of investment visas in the UAE?
- Know what are the key benefits of a property investor visa in Dubai?
- What are the eligibility requirements for a Dubai property investor visa?
- Contact Connect Freelance and we will help you obtain the best visa in the UAE
1. Do you know what is investor visa in UAE?
It can be said that the UAE investor visa is applied to those citizens who are foreigners and wish to start a business in this country. On the other hand, those who want to invest in an existing business in Dubai can apply. Thanks to this, the person who has this visa will be able to live in the UAE and will also have the benefit of leaving and entering the country during the duration of the visa.
This visa can be of great help to those who wish to immigrate to Dubai. This is because the owner of the visa will become the tax domicile of the UAE. In addition, you are not subject to the taxes of the country because of your nationality. However, it will be subject to the regulations imposed by the country of origin of the person investing.
The visa holder may be eligible to get their emirates ID and open their bank account. In addition, you can get your driver’s license and sign up for many essential services during your stay in the country. By holding this visa, the holder will be able to sponsor the visas of their relatives in Dubai.
2. What are the four categories of investment visas in the UAE?
There are four categories for an investor visa in Dubai. However, they can be distinguished as a Dubai property visa thanks to the way they are obtained. In this way, we can see the categories that include this visa:
2.1 A Dubai residential property investor visa
If you want to get a Dubai property investor visa you will have to invest in a residential property with a minimum value of AED 1 million. In addition, this must have a maximum of 50% of the value of the property under a mortgage. On the other hand, investors of a joint property may be eligible if the individual share is at least AED 1 million.
The application for this visa can only be made if the investment is in a residential property and not in a commercial one. In addition, this visa will only apply to those residential properties that have freehold. If you have off-plan property, you will not be able to apply for a visa. The duration of the visa ranges from 3 to 5 years.
The holder will maintain his visa as long as he owns a property in the country. The 3-year visa is available for people who purchase a property with a value of AED 1 million. There are also other ways to have a 3-year residency in Dubai such as the Talent Pass. On the other hand, the 5-year visa will require that the property in which it is invested be of at least AED 5 million.
2.2 A visa for investment in companies
It is another type of Dubai Property visa that can be applied by those people who decided to invest or started their own business in Dubai. This investment can be made in one of the free zones in Dubai or mainland Dubai. Previously, to start a business in mainland Dubai, certain rules had to be followed.
Among the rules was having a partner with UAE nationality and that this is a majority shareholder. In addition, it could be an agent liaising with the government departments of the country. However, this changed and full foreign ownership is now allowed for companies in the region.
Motivated by this change, a majority shareholder or agent of Emirati nationality is not needed. On the other hand, this visa is given to investors who have shares in a company that already exists in Dubai and is a minimum of AED 72,000. However, it may be given to those who are establishing a company and their capital investment is for the same amount as before.
To start a business in the free zones, you do not need local partners or sponsors. In addition, companies in this region are exempt from taxes and foreigners will have full ownership of the company.
2.3 A residence visa for a long duration
When investors meet specific criteria, they are eligible for 5-year or 10-year residencies based on the size of the investment within the country. In addition, the spouse, children of an adviser, and a manager of the investor are also eligible for this visa. A minimum investment of AED 10 million is needed for a residence visa for 10 years
It is allowed for those companies that have capital with this amount or through a deposit in an investment fund in the country. On the other hand, if you want you can associate with an existing company or a new one where its share value is a minimum of AED 10 million; or your total investment is AED 10 million in the areas that were mentioned above.
The 5-year visa will be granted to investors in properties with a minimum value of AED 5 million. However, entrepreneurs with an existing project who have a minimum capital of AED 500,000 and who are subject to additional jurisdictions will also be eligible.
The long-term visa is granted only to those who meet the additional standards established by the GDRFA. Among the people who receive the visa are people with certain specialized talents such as innovators in medical fields and scientists.
2.4 A retirement visa
This visa was designed for investors who are over the age of 55 and want to retire in Dubai. In addition, it has a duration of 5 years and is for people who invest in a property with a minimum value of AED 2 million.
We also found that those people who have accumulated savings of AED 1 million are included; or that they have an active and monthly income of at least AED 20,000.
3. Know what are the key benefits of a property investor visa in Dubai?
The UAE investor visa has brought a lot of benefits for people who make property investments. Next, you will see all the advantages that the Dubai property investor visa brings.
3.1 Living in one of the best cities in the world, Dubai
People who have a UAE investor visa or Dubai property owner visa; can live in this city with their family. And if, on the contrary, they are not interested in living in the UAE, but if they are interested in taking a family tourist trip, they can do it too.
3.2 Tax optimization
In the UAE, inheritances, income, Capital gains, and property are tax-free. It is important that you know that, as of 2023, a 9% corporate income tax will be implemented. This is only for companies that have profits greater than AED 375,000. If that is your case, a recommendation is that you review a guide that has information on taxes in Dubai.
3.3 Opening a bank account in the UAE
People who have an Abu Dhabi investor visa; have the opportunity to open accounts in banks around the UAE. Not only in Abu Dhabi or Dubai in any of the others it is valid. It can be in the currency of your choice, for instance, euros, dirhams, dollars, and more.
3.4 Access to health and education systems
All foreigners holding an Abu Dhabi investor visa can receive medical treatment at clinics or hospitals in the UAE. In addition, the children of the beneficiaries have the possibility of attending schools or universities that are in any of the emirates.
3.5 Opportunity to obtain citizenship in the UAE
People who have a property investor visa in Dubai have the option of obtaining citizenship in the UAE by naturalization. As long as they have lived for at least 30 years or you have completed exceptional services.
3.6 Obtaining a driver’s license
All residents in the UAE who want to drive a car must have a driver’s license. Generally, you only have to pass the driving test, except in some countries.
4. What are the eligibility requirements for a Dubai property investor visa?
There are three official types of Dubai property investor visas which vary depending on their duration. The eligibility requirements will change depending on the investor visa you want. Next, you will see them in detail.
4.1 3-year investor visa
- The applicant must own a property that is ready and not under construction in any of the seven emirates in the UAE. This must have a minimum cost of AED 750,000. It is important to mention that you must also pay the 3-year investor visa Price.
- In case the property is mortgaged, you must present a NOC issued by the bank. Which must contain the amount owed and what has been paid.
- If the same owner was the one who mortgaged it, you must show a copy of the initial sale certificate.
- In addition, you need proof of payment together with a statement of payment. This must be at least 50% of the value of the property, that is, a minimum of AED 375,000.
- A certificate of good conduct and behavior issued by the Dubai Police.
4.2 5-year investor visa and 10-year investor visa
- The applicant, if he wants a 10-year investor visa, must own a property that is ready and not under construction, with a value of at least AED 2 million. Both husband and wife can participate in the purchase of the property.
- If you want the 5-year investor visa, the property must have a minimum value of AED 1 million.
- In case you are buying a mortgaged property, you need a NOC issued by the bank. Which must contain the amount to be paid and what has been paid. For the 10-year investor visa, a minimum liquidation of 2 million dirhams is required.
- If the developer mortgaged the property, a photocopy of the certificate proving the initial sale is needed, as well as a statement of payment.
5. Contact Connect Freelance and we will help you obtain the best visa in the UAE
Currently, many visas can be useful for foreigners, for instance, the property investor visa in Dubai or the freelance visa Dubai. Many people in the world are applying for freelance visa, for all the benefits it brings to the applicant and their families.
But, to be successful in the process, it is highly recommended that you seek professional help. There are no more professional advisors than the ones we provide at Connect Freelance. If you want to get in touch with us, you just have to call us at +971 43 316 688. We also have an email to which you can write to firstname.lastname@example.org.
If you want to have a freelance job or any other modality, your best option is The Talent Point. On this website, you can find a variety of jobs in all kinds of areas and modalities. So you can choose the one that best suits your skills and your comfort. To contact us directly you can write to us at email@example.com.