The UAE Investor Visa was created with Foreign Direct Investment Law (Federal Law No.19 of 2018). The programme officially started in 2019 and is administered by the Federal Authority of Identity and Citizenship.View Agents
Mobility : Access to, and long-term residence in all seven Emirates
Minimum Capital Outlay : د.إ 5,000,650
Application Processing Time : ~ 1 Months
Physical Presence : Recommended
Minimum Criteria : Choice of Real Estate, Capital Investment, or Business Project
Pre-requisites : Main applicant must be at least 18 years of age;To apply for a 10-year permit, applicants must have a financial solvency up to AED 10 million;
The United Arab Emirates is located in the Middle East with a population of approximately 10 million. Its capital is Abu Dhabi, and the official language spoken is Arabic. United Arab Emirates uses the UAE dirham as its currency.
The United Arab Emirates is constituted of emirates located on the eastern horn of the Arabic peninsula. The UAE has experienced some of the most rapid economic growth of any nation in the last 20 years. The population has gone from 1 million to 10 million inhabitants in 40 years. Close to 90% of all residents in the UAE are expatriates, with strong communities emerging from Europe, the Indian sub-continent, and the other parts of the Middle East.
The UAE has become the business mecca of the Middle East, with cities like Dubai and Abu Dhabi emerging as global powerhouses. With the recent relaxation of foreign ownership laws in the UAE, the Emirates have become even more attractive for businesses. With the vision to become one of the world leaders in terms of innovation and technology, the UAE has become increasingly attractive for start-ups and venture capitalists. Cities like Dubai also offers expats a safe and open environment with access to refinements and luxury.
Benefits of the UAE Investor Visa
The UAE Investor Visa provides a long-term visa of 5 or 10 years to the applicant and their dependents which can be renewed indefinitely if conditions continue to be met. There is no permanent residence status in the UAE. Citizenship is technically possible after 20 years, but the process is known to be difficult. The 20 years are reduced to 7 years for Arabs and 3 years for citizens of Oman, Qatar and Bahrain.
The programme offers the possibility to include dependents such as the applicant’s spouse, minor children and unmarried daughters. Adult boys can apply for a student visa or a work visa and parents can also be sponsored for a visa on their own. If you are applying for a 10-year visa, business partners and key employees can also obtain a residence visa under your sponsorship.
United Arab Emirates has a very attractive tax regime. The UAE doesn’t levy any income tax and the only tax of note was recently introduced in the form of a VAT of 5% on goods and services.
To apply for a 5-year temporary residence through the UAE Investor Visa, the following commitment is required:
Whereas to apply for a 10-year temporary residence permit, the following commitment is required:
The 5-year visa government fees are AED 650, whilst the 10-year visa government fees are AED 1,150. This means that the minimum total capital outlay for a single applicant would amount to approximately AED 5,000,650. This indicative amount excludes service providers’ professional fees and any other fees not stated herein.
The Application Process
To apply to the UAE Investor Visa programme you first need to gather the relevant documents. Once this is completed, you will need to apply at a UAE consulate or embassy or the Federal Authority of Identity and Citizenship for an entry visa in order to enter the UAE.
Once you have received your entry visa, you will be requested to make your investment and pass a medical examination. Once everything has been completed, you will need to submit the application at the immigration department of the emirate you are applying to (e.g. General Directorate of Residency and Foreigners Affairs if you are applying to reside in Dubai).
If approved, applicants can pick up their resident ID and get the visa stamp on their passport.
A 10-year residence visa can be achieved by investing:
Administration are applicable for each applicant included in the application;