UAE: 10-Year Investor Visa & FAQ’s
Types of UAE Investor Visa
A 10-YEAR INVESTOR VISA
It is mandatory for a foreign investor to have at least AED 10M public investment in the UAE to be eligible for the 10 year long term visa. This investment can be made in any of the seven emirates in the UAE without a sponsor. Take a look below at the list what investment types are eligible to attain a long-term real estate investor visa under the General Investor category.
- Establishing a new company in any Emirates that has a capital investment of equal to AED 10M.
- Establishing partnership in an existing company with a share value not less than AED 10M.
- Deposits with investment value of at least AED 10M in any Emirate of the UAE.
- For the real estate investment visa Dubai, it requires investing AED 10M investment in one of any forms discussed above.
CONDITIONS FOR A 10-YEAR INVESTOR VISA
- You must ensure that within the total investment of AED 10M, 60% of that amount or AED 6M of the total investment is made in sectors other than the real estate market.
- The investors will have to prove that the amount invested is not loaned.
- There is also a condition that you must have retained the investment for at least three years.
- There should also be financial solvency of the investment for the amount of AED 10M.
- Investors with a 10-year visa can include an executive director and an advisor apart from their children and spouse.
- This Visa can be extended to business partners if each contributes an investment amount of AED 10M.
- Foreign investors can apply for a multiple-entry permit for a six-month period.
The long-term residence is also applicable to persons with specialised talents in the field of art, culture or science. One of the many conditions for them is that they should be accredited by the ministry in their respective fields.
A 5-YEAR INVESTOR VISA
Real estate investors as well as entrepreneurs can apply for a 5-year residence visa in the UAE. However, the eligibility criteria for both groups differ:
CONDITIONS FOR A 5-YEAR PROPERTY INVESTOR VISA UAE
- It is mandatory for the investor to make an investment in a property that is not less than AED 5M.
- The investors will have to prove that the amount is not loaned.
- Another condition is that the property must be retained for at least three years.
CONDITIONS FOR A 5-YEAR BUSINESS VISA
- Entrepreneurs who have an existing project with the capital amount of AED 500,000 to apply for this visa.
- You can avail of a multi-entry visa for six months. After the term expires, you can renew your visa for another six months.
- The entrepreneurs can include a partner and three executives apart from their spouse and children with this visa.
DUBAI INVESTOR VISA RULES
The UAE investor visa rules for Dubai require the investors to invest in the local markets
Now you know about the basic requirements and conditions to attain a real estate investor visa. There are some micro details to this information that are applicable to real estate visa for Dubai:
- The investment value of AED 10M is the purchase value of your property and not the current market value. For instance, property will not qualify for a visa if you purchased it for AED 9M a few years ago and it is currently worth AED 10M.
- Investment is also subject to property type. It’s recommended to contact the Dubai Land Department to find out which property types are eligible for the long-term visas.
- The investment should be made in a property that is in a habitable condition.
- Any property that is under construction, or there is a dispute or not ready will not be considered for granting investor visa.
- In addition to this, the property should not be declared unsafe by the authorities for any reason to qualify for an investor visa.
- It is also necessary that the property should be in a freehold area and you are the rightful owner. If the property is in a leasehold area then you are not the rightful owner. In such a case, it needs to specify for how many years you are leasing the property.
- The list of properties that are acceptable for an investor visa include apartments, serviced apartments, townhouse, villas, office, hotel rooms, hotel apartments and warehouse.
- The list of property that is not acceptable for real estate visa includes off-plan property, leasehold property and disputed property.
THINGS TO CONSIDER
Make sure to abide by the new rules and regulations for the investor residence visa Dubai
Since the UAE investment visa rules keep changing rapidly, it is important to consider some visa rules update regarding investor visas.
· The UAE has recently launched “Thrive in Abu Dhabi” programme that encourages international investors to invest in key sectors in the capital city. Under this programme, investors can now obtain a 10-year residency in Abu Dhabi.
· The UAE has made an unprecedented change in the immigration laws to pave way for investors to set up business operations in the country. As per the UAE new Citizenship law, investors can become the citizens of the UAE after investing in the country.
· It is not necessary to make an investment in a single property worth AED 10M. You can invest in a maximum of three properties with a total worth greater than or equal to the required amount.
· You are also eligible for a real estate visa investor visa Dubai on the mortgaged property if you have paid off the mortgage value of AED 10M.
· In case of joint ownership of a property, it is necessary that a person applying for an investor visa has a share of AED 10M.
· In the case of joint ownership of the husband and wife an attested marriage certificate should be provided as proof along with other necessary credentials to apply for a real estate investor visa in Dubai.
· Those who want to sponsor families also need to consider new UAE visa rules for the family as they are also applicable in attaining long-term visas.
UAE LONG-TERM VISA FEES
The real estate investor visa UAE cost differs based on the type of visa you’re apply for. Here is the list of charges you must deposit to apply for residence visas in the UAE:
- The cost to submit application of sponsorship transfer of investor from the same emirate is AED 1,346.65.
- You can apply or renew your 21 year old son’s residence visa at prices starting from AED 359.9.
- Above mentioned prices are for the popular visa processes. You can consider the list of applicable UAE investor visa fees on official website Amer 24/7.
FAQS
HOW TO GET AN INVESTOR VISA IN DUBAI?
Getting an investor visa in the UAE is contingent upon documentation, cost and application format. Aside from 3-year investor visa, you can now apply for 5 or 10-year investor visa in Dubai. Check out our guide to investor visa requirements in Dubai.
WHAT IS A DUBAI BUSINESS GOLD VISA?
The Business Gold Visa is a gateway for global entrepreneurs who intend to set up businesses in the UAE. Under this visa, business magnates from all over the world can get a long-term visa for themselves as well as their dependents. It is one of the special types of visas in Dubai.
WHAT ARE THE CONDITIONS THAT APPLY FOR A UAE GOLD BUSINESS VISA?
- You must have sufficient entrepreneurial experience.
- You must be a shareholder of a start-up or a senior role in a company.
- It is important for you to consider relocating to the UAE and set up a business.
- You must have a tangible business idea that you intend to bring to life in the country.
WHAT ARE THE INVESTOR VISA DUBAI BENEFITS?
- You can reside freely in the country.
- You can open a bank account in Dubai as well as other emirates.
- You can obtain a driving licence in Dubai.
- You can teach in schools in Dubai.
That brings an end to our guide on the real estate investor visas in the UAE. Similar to investor visas, there are residence visas that ensure a long-term stay in the country. If you already have one, make sure to keep an eye out for the UAE investor visa validity. Here is how you can check your UAE visa status.
If you are looking for investment options, the freehold areas in Dubai are a good place to start your search. Before investing in a property, make sure to consider the legal steps for buying property in Dubai, as it might also influence your application for a UAE property visa.
Ref.: https://www.bayut.com/mybayut/real-estate-investor-visas-uae/
