Considering starting a business in Dubai? Exploring a Partner Visa might be your key to launching a new venture in the UAE. It’s crucial to be well-informed about the benefits and requirements for a smooth journey. The partner visa comes with a 3-year residence, family sponsorship, easier GCC travel, and even the potential for a UAE Golden Visa. However, be prepared for an average minimum investment of AED 1 million in a UAE-based company.
Whether you’re investing in an existing company or kickstarting a new venture, grasping the eligibility criteria, financial commitments, and legal aspects is vital. We’ll guide you through the process, covering the costs and requirements for securing a partner visa.
It’s common to confuse partner and investor visas in the UAE, given their similar roles in supporting business and residency. We’ll clear up the distinctions, emphasizing their unique features and eligibility criteria.
What is a Partner Visa?
A Partner Visa in Dubai is a special residency permit crafted for individuals who own a share or partnership in a company based in the UAE. This visa is designed for those who have a substantial involvement in the business, allowing them to actively participate in its management and daily activities.
Primarily tied to their role and ownership in the company, the partner visa grants legal residence in the UAE. Those holding this visa often have the privilege of sponsoring their close family members for residency as well.
What is an Investor Visa?
Conversely, an Investor Visa is granted to individuals who make a significant financial investment in the UAE. This investment can involve putting money into businesses, startups, or real estate within the country. Unlike the partner visa, the investor visa doesn’t require direct participation in the day-to-day operations of a business. Instead, it’s geared towards individuals who contribute to the UAE’s economy by making substantial capital investments.
What are the Eligibility Requirements for the Partner Visa in Dubai?
To qualify for a partner visa in the United Arab Emirates, applicants need to meet specific criteria, which generally include:
1. Business Connection:
You should have a notable share or involvement in a company based in the UAE. This is often confirmed through documents like partnership agreements or company registrations, indicating your role as a partner or shareholder.
2. Minimum Investment:
The required investment for the partner visa can vary based on the emirate and business type. As per the GDRFA, the partner’s contribution is typically set at a minimum of 1 million AED or its equivalent in other currencies.
3. Valid Passport:
Applicants must possess a valid passport with sufficient remaining validity.
4. UAE Entry Permit:
Before applying for the partner visa, applicants often need to enter the UAE with an entry permit, which could be a visit or tourist visa, depending on their nationality.
5. No Objection Certificate (NOC):
If you already reside in the UAE under a different visa, you may need a NOC from your current sponsor.
6. Health Insurance and Medical Fitness Test:
Valid health insurance in the UAE is necessary, and you must pass a medical fitness test conducted by UAE health authorities.
7. Emirates ID Registration:
All UAE residents must register for an Emirates ID.
8. Clean Criminal Record:
A clean criminal record in both the UAE and your home country is typically required.
9. Proof of Accommodation:
Providing evidence of suitable accommodation in the UAE, like a tenancy agreement or title deed, may be necessary.
10. Financial Stability:
Sometimes, you need to show proof of financial stability or sufficient income to support yourself and any dependents.
11. Trade License Copy:
If you’re investing in or starting a business, you’ll need a copy of the trade license issued by the Department of Economic Development (DED) in Dubai.
12. Immigration Establishment Card:
Businesses looking to invest in the UAE may require an Immigration Establishment Card, obtainable from the relevant immigration authority.
13. Memorandum Papers (MOA):
Investing in a company often requires a Memorandum of Association outlining the company’s purpose and operational terms.
How to Get a Partner Visa in Dubai: A Step-by-Step Guide
Securing a partner visa in Dubai involves a series of steps, outlined below in a straightforward manner:
- Establish Partnership in a UAE Company:
- Ensure your involvement in a UAE-based company, verified through incorporation documents.
- Draft a partnership agreement detailing ownership percentages, profit-sharing, and responsibilities.
- Acquire Trade License and MOA:
- Obtain a valid trade license for your business.
- Ensure your name is included in the Memorandum of Association (MOA) as a partner.
- Apply for Immigration Establishment Card:
- Your company needs to obtain an Immigration Establishment Card from the General Directorate of Residency and Foreigners Affairs (GDRFA).
- Secure Entry Permit (if outside UAE):
- If you are not in the UAE, apply for an entry permit to enter the country through GDRFA or online portals like Amer.
- Complete Medical Fitness Test and Health Insurance:
- Undergo a medical fitness test and obtain health insurance upon arrival in the UAE, prerequisites for a residency visa.
- Apply for Emirates ID:
- Visit a Federal Authority for Identity and Citizenship (ICA) service center to apply for an Emirates ID.
- Visa Stamping:
- Submit your passport, visa application, Emirates ID application, medical test results, and health insurance to the GDRFA for visa stamping. This step finalizes your partner visa.
- Collect Your Passport:
- Retrieve your passport with the stamped partner visa after the processing is complete.
Processing Time of a Partner Visa in Dubai
Typically, getting a partner visa in Dubai takes a few days to a couple of weeks once all your documents are in and procedures like the medical fitness test are done. The exact time can vary depending on factors like the emirate you’re in, how thorough and accurate your documents are, and how busy the immigration authorities are.
If you’re in a hurry, you might have the option to speed up the process by paying an extra fee for expedited processing.
Dubai Partner Visa Benefits
Securing a partner visa in Dubai and the UAE comes with a range of perks that can significantly enhance your experience in the region. Here are some key benefits associated with each type of investor visa category:
a). 3-Year Dubai Residence Visa:
Enjoy the convenience of a 3-year residence visa, eliminating the need for frequent renewals and providing stability for your stay and work in the UAE.
b). Ability to Sponsor Immediate Family Members:
Holders of the partner visa can sponsor visas for their spouse, children, and sometimes even parents, allowing for a close-knit family presence in the UAE.
c). Easier Travel to GCC Countries:
Benefit from simplified travel to other GCC countries, fostering increased opportunities for networking, business collaborations, and gaining insights into regional markets.
d). Possibility of Obtaining the UAE Golden Visa:
Holding a partner visa may make you eligible for the prestigious UAE Golden Visa, opening doors to exclusive benefits such as seamless travel within GCC countries and access to special business opportunities.
e). Access to UAE Services:
Residing in the UAE with a partner visa grants you access to a range of government and private services, including healthcare, education, and options for renting or purchasing property.
Dubai Partner Visa Cost
Understanding the expenses linked to each visa category and potential additional charges is crucial during the application process. The visa itself costs 200 AED, plus 5% VAT. However, there are other associated expenses, including a medical fitness test, health insurance, Emirates ID, and an establishment card. Document translation fees and fees for legal advice may also apply.
If you’re planning to sponsor family members, be aware that there will be extra fees for each dependent’s visa. Stay informed about these costs to ensure a smooth application process.
Decoding the Partner Visa Journey in Dubai: A Quick Overview
To sum it up, getting a partner visa in Dubai involves a well-organized process with clear requirements and associated costs. Knowing the eligibility criteria is key for a hassle-free application. The perks of securing a partner visa in Dubai are substantial, granting partners the chance to live, work, and experience the lively lifestyle of this dynamic city together.
Frequently Asked Questions Partner Visa Dubai (FAQs)
How long is partner visa in Dubai?
In Dubai, the Business Partner/Investor Visa has a validity of two years, and it can be renewed after that period for those interested in starting or investing in a business.
Can I work in Dubai with partner visa?
Yes, with a partnership visa in the UAE, you are allowed to work. However, it’s important to note that you must hold a valid work permit and be employed by a company registered with the Ministry of Human Resources and Emiratisation (MOHRE).
What is the difference between an Investor Visa and a Partner Visa in Dubai?
In Dubai, an investor visa is given to people making a big financial investment, like in real estate or a business, without needing to run day-to-day operations. On the other hand, a partner visa is for those actively managing and holding a notable stake in a UAE-based company.
What are the requirements for sponsoring family members?
To sponsor family members on a partner visa, you need to furnish valid identification, proof of income, a marriage certificate for the spouse, and birth certificates for children. Additionally, meeting the government’s specified minimum monthly income requirement is crucial.
How much does a partner visa cost in Dubai?
The cost for a partner visa in Dubai varies based on the duration:
- 1-year partner visa: 1,560 AED
- 2-year partner visa: 1,810 AED
- 3-year partner visa: 2,060 AED
Do I need legal or expert help applying for a Partner Visa in Dubai?
While it’s not mandatory, we suggest seeking assistance from professionals like business setup experts or legal advisors when applying for a Partner Visa in Dubai. These experts can provide valuable guidance through the application process, ensuring you make the most of your investment in Dubai. With their support, you can navigate the partner visa process with confidence and fully enjoy the perks of living, working, and investing in this vibrant city.
What is difference between partner visa and investor visa?
Investor visas are for those owning businesses in free zones or holding professional licenses. Meanwhile, Partner visas are granted to owners of limited liability companies or foreign nationals acting as business partners in Dubai.
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