Might it be said that you are the one keen on living in Dubai? Know that, you can work and put resources into Dubai with the opportunity and adaptability of a drawn-out visa. All you can accomplish under the Dubai 2-Year Investor Visa. This may be the ideal choice for you. The 2-year investor visa for Dubai was presented in 2019. The investor visa takes special care of foreign investors. Particularly the people who are looking to lay out a business presence in Dubai. Likewise, the most ideal choice for investors is to put resources into property.
You can partake in the advantages of residency for a considerable length of time with this visa. This visa type has a choice to recharge. For this, the individual should meet the eligibility criteria
Understanding the Dubai 2-Year Investor Visa
For foreign individuals, the Dubai 2-Year Investor Visa Dubai offers a pathway to residency. This is for those individuals specifically who invest in the dynamic economy of Dubai.
On the other hand, this visa option caters to two main investment routes. This involves:
- Establishing a company with a minimum capital investment.
- The second one is purchasing property with a set value threshold.
It provides a residency permit valid for two years. However, you can renew it if you want to meet the requirements.
Eligibility Criteria:
In this section, we have discussed the eligibility criteria for a 2-year investor visa Dubai. In other words, applying for a UAE investor visa requires investment options to be fulfilled.
Investment Options:
For 2-year investor visa Dubai, the eligibility criteria hinge on the investment type you choose. The investment type includes property investment and business investment.
Property Investment:
In this route, you have a option to purchase freehold property in Dubai. The investment amount should be a minimum value of AED 750,000. This equals to approx. USD 204,000. However, you have to meet the additional conditions such as:
- The property must be fully owned by you. Or jointly owned with a spouse with equal shares
- In the case of a property mortgage, you’ll need an NOC from the bank or developer. It specifies the paid amount and remaining balance.
Business Investment:
In terms of business venture, establishing a company in the UAE is easy. It can be done with a minimum capital investment of AED 1,000,000. This equals to the amount approx. USD 272,000. However, it is important to note that the capital amount should be reflected in the MOA. But, it doesn’t require immediate full payment.
How to Apply for a 2-Year Investor Visa?
Here’s the procedure to apply for a 2-year investor visa Dubai.
Initial Approval:
In this step, submit an application with the required documents to the relevant authorities. After a short, you’ll receive initial approval to proceed with the next steps.
Medical Fitness Test:
You will need to undergo a medical fitness test, once you receive initial approval. It ensures you meet the health requirements for residency in Dubai.
Emirates ID Processing:
On passing the medical test, you will proceed with Emirates ID processing. It involves capturing biometric data such as fingerprints, and iris scans. Also, a photo of your official Emirates ID card. It serves as your residency permit.
Who is eligible for a 2 Years Investor Visa?
Investor Profile:
The 2-Year Investor Visa Dubai targets foreign individuals. The ones who are serious about investing in the economy of Dubai, include entrepreneurs, business owners, or individuals. They must have a strong financial background seeking property investment opportunities.
Investment Capacity:
Now, demonstrate sufficient financial resources to meet the minimum investment threshold. For either property purchase AED 750,000 or company establishment AED 1,000,000.
On the other hand, you also need documentation. It proves your financial capability and is required during the application process.
Clean Background and Health
Applicants must have a clean criminal record. They should be free from infectious diseases like HIV or tuberculosis. Medical tests are mandatory as part of the application process.
What are the benefits of 2-year investor visa?
There are several benefits to a 2-year investor visa Dubai. The list includes as:
Family Sponsorship
The visa extends residency benefits to your family members. This includes spouses, children, and in some cases, parents. Enabling them to live in Dubai and enjoy the same advantages as you.
Residency and Business Opportunities
In Dubai, the investor visa grants you residency for quite a long time. It accompanies the choice to renew. By having an investor visa, you can live, work, and put openly in the emirate. People are allowed to lay out a business, work for an organization, or seek independent open doors.
Multiple Entry and Exit
The 2-year investor visa allows you the freedom of multiple entries and exits. It can be done throughout the validity period. This allows you to travel freely without restrictions until your visa remains active.
What is the grace period before a 2-year Investor visa expires?
A 30-day grace period is offered to the Investor Visa holder. It follows the official expiry date of your visa. The grace period provides a crucial buffer. It addresses any last-minute tasks or departs the country without facing penalties.
Standard Grace Period
After the visa expires, the 2-year investor visa Dubai offers a 30-day grace period. It provides a short window to finalize any necessary procedures or depart the country without incurring penalties.
Utilizing the Grace Period:
You can use the grace period to renew your visa if you meet the renewal requirements. You can finalize business ventures or relocate your belongings. In the end, arrange your exit from the UAE.
Importance of Timely Action:
Before the grace period ends, it’s crucial to take action. However, overstaying a visa will result in fines. On the other hand, you will face potential complications for future UAE visa applications.
Conclusion
In conclusion, the 2-year investor visa Dubai presents a compelling opportunity. Especially for individuals who seek residency in Dubai through investment. They have the two main investment tracks. This entails property purchase or company establishment. It caters to a range of investor profiles.
The visa offers a pathway to residency for two years. It also provides a chance to renew and grants attractive benefits. The benefits include business opportunities, family sponsorship, and visa flexibility.
For entrepreneurs and property investors, an investor Visa is definitely worth exploring. It is also beneficial for someone interested in establishing roots in Dubai’s dynamic economy.
However, it is important to carefully consider the eligibility criteria, application process, and renewal requirements. This helps in ensuring a smooth and successful journey.
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Kane BernardHe is a dynamic Enterprise Development Manager with a proven track record in driving business growth and innovation. With a strategic mindset and a passion for fostering enterprise success, he excels in identifying new market opportunities, developing strategic partnerships, and enhancing operational efficiencies. His expertise includes market analysis, business planning, and project management, enabling her to guide enterprises through complex development stages.
