The United Arab Emirates is one of the most developed and richest countries in the world. Investors from all over the world seek to invest in the development of the economy of this country.
Obtaining citizenship in this country is not an easy task. For this, a person must either be born in the Emirates or marry a citizen of the UAE. But there is another more attractive and simple option – UAE investor visa. To get it, it is enough to register a company, buy property worth more than 1 million dirhams, get a job or enter a higher educational institution.
After obtaining Dubai citizenship by investment, you can also apply for UAE visas for affiliates. The visa of dependent persons can be issued exclusively for the next of kin, in order to receive it a certain set of accompanying documentation is required. A UAE resident visa for a spouse, child, parents or other related persons requires the submission of documents that confirm kinship. Also certificates of the availability of the necessary funds for the maintenance of relatives in the UAE and documents confirming the availability of housing (this can be a lease or a certificate of ownership) are required. All listed documents must be legalized.
PROCEDURE FOR APPLYING FOR AN INVESTOR VISA IN THE UAE
Requirements for the list of documents needed to obtain resident or investor visa and the size of state fees varies depending on the place of registration of the company.
The standard package of documents to receive an entry permit in the free zone includes:
- Copy of company license.
- A copy of the immigration card.
- Copies of passports and visas of all shareholders of the company.
- Copy of passport.
- Customer photo.
- A certified copy of a diploma of higher education. In each free zone, there is a list of professions (as a rule, these are low-skilled posts) for work in which the provision of a diploma of education is not needed. In addition, the requirement for a diploma is often not applied to those whose data are indicated in the license (company manager). Often this does not apply to paperwork for investor visas.
Dubai investor visa cost depends on the chosen free zone. For example:
- In Creative City – from AED 5,770.
- In RAKIA – from AED 4,550.
- In UAQ FTZ – AED 3,320.
PROCEDURE TO OBTAIN INVESTOR VISA BY INVESTMENT IN PROPERTY
Recently, in the UAE there has been a decline in real estate prices, which is caused by a global decline in oil prices, as well as increased supply on the market. So, now is a very favorable time for investment in this area.
The most popular investment locations in Dubai:
- Dubai Marina;
- Palm Jumeirah;
In order to obtain property visa Dubai, the acquired property must be valued at no less than 1 million dirhams. When applying for a residence permit, you can get a loan, but if you get a loan for real estate, you must immediately pay at least 50% of the original cost or 1 million dirhams if the value of the property is more than 2 million.
The property for UAE property visa must be in the full possession of the investor who needs a document confirming the right to own it. In addition, the object must be prepared so that it can immediately be entered, and its size should be sufficient for all members of the investor’s family (if this item is relevant). If the property is owned by several investors, the total value should be more than 1 million dirhams.
The standard list of documents required to obtain Dubai residence visa for property owners includes copies of passports and valid visas, passport photographs, police certificates of no criminal record, documents on the right to own real estate, legalized marriage certificates, certified bank certificates, medical evidence insurance for applicants and their dependents, as well as a document from the Dubai Energy and Water Supply Authority. Both the Dubai Land Committee and the relevant immigration authority may request additional documents.
WHAT ELSE DO YOU NEED TO GET A VISA IN THE UAE
The resident ID is issued in the process of obtaining documents for obtaining Dubai permanent residency by investment. In order to apply for a Resident ID, which is also called Emirates ID, you must submit an original entry permit with an entry mark and an original passport to any of the authorized UAE typing centers.
In order to obtain Dubai residence by investment, you must undergo a medical examination, for which you need to fill out a special registration form (you can also do this at any authorized tipping center). Then it is necessary to take an X-ray and conduct a blood test at any authorized medical center. Results can usually be obtained from 2 hours to 2 days.