Policies of dubai immigration for foreign investors
The Dubai Investor Visa is applicable to foreign nationals who want to start their own business or invest in an existing business in Dubai.
The Dubai investor visa grants the holder the right to reside in the UAE, and to come and go as they wish for the duration of the visa. A holder of the Dubai Investor Visa becomes a tax domicile of the UAE and is not taxable by the country of their nationality, however this is subject to the investor’s home country regulations.
A holder of a Dubai Investor Visa is eligible to apply for the Emirates ID card, open a bank account, acquire a UAE driving license, sign up for Etisalat or Du mobile and home packages, and many other essential services.
The Dubai Investor Visa also grants its holder the permission to sponsor their spouse, children, and parents to enter the UAE.
INFORMATION ABOUT 5 AND 10 YEAR VISAS
5 Year Long Term Residence Visa:
If you are interested in investing in a property worth more than AED 5 million (around 1 210 000€), then you are eligible for a 5-year residency visa. As with all visa options, there are certain requirements you should keep in mind. For starters, you cannot purchase the property with a mortgage or by availing any type of loans or financing. In addition to this, the investment must be kept for a period of at least 3 years. But then those who have the visa also have the freedom to sponsor their family and dependents.
10-year long-term residency visa:
For those who invest more than AED 10 million (minimum of 40% in the property), they are considered eligible for the 10-year residency visa. You must provide sufficient proof that the amount invested is not financed or loaned and you must further retain the investment for a period of 3 years. Being an investor on a 10-year visa will include an executive director and advisor apart from family members and dependents. The visa can be extended to include business partners if they are additionally interested in contributing an amount of AED 10 million ( around 2 420 000€).
The main reasons investors find Dubai attractive
When it comes to foreign investors choosing Dubai for starting a company in, there are many. The most important ones relate to:
- the political and economic stability offered by the country which has a positive influence in Dubai;
- Dubai is one of the wealthiest cities in the world and it offers a good quality of life and high living standards;
Dubai’s taxation system – a good investment reason
One of Dubai’s strengths compared to other important cities in the world is taxation. Even if the last years have brought significant changes, such as the introduction of the value added tax and excise tax, there are still plenty of reasons for choosing Dubai for its taxation system. Among these, we enumerate the following:
- Dubai does not impose any taxes on individuals and companies working, respectively operating here;
- the repatriation of profits from Dubai to other countries is most of the time free of any tax;
- the UAE has signed many double tax agreements, Dubai residents and resident companies can take advantage of;
Obtaining an investor visa in the UAE – rules, requirements and the process
First, you have to get an entry visa from the Department of Immigration and Naturalization of the UAE. By submitting an application and obtaining this permission (entry visa), you can legally enter the country. After completing a company registration process, when you have all the statutory documents, you can apply for an investor visa in Dubai, UAE. To do this, you must collect the following set of documents :
- A copy of the applicant’s passport.
- An applicant’s photo.
- A copy of the company license, copies of passports, and visas of all company shareholders.
- A copy of an immigration card.
- Copy of the company’s constituent agreement (for LLC)
- Copy of the partnership agreement (for companies outside free zones)