The flourishing economy results in a lucrative business environment in UAE. It attracts business persons from all over the world. Before starting a real estate business in Dubai, know about its visa category. These are investor visa Dubai or partner visas. It is for foreign nationals who want to start a business in the emirates. They can start their career and business here and sponsor family. However, the visa expires after three years.
The rules for a Dubai investor visa require an individual to have shares in any existing Dubai company. It should have AED 72000 or start a company with a capital investment of the same worth. The visa entitles an opportunity to stay in UAE and visit or leave the place as they want before the visa expires.
Moreover, the visa holder can operate a bank account, have a UAE ID card and driving license, and enjoy other perks in Dubai. With the visa, the investor can have a wide range of short-term or long-term benefits. However, a real estate developer company license costs AED 12950. It varies as per business operations and the government degree an owner has.
Things to Consider Applying for Investor Visa Dubai
To avail investor visa, the person should have a freehold property that can be an apartment, townhouse, or villa. Other requirements for the investments are:
- Having a property worth AED 1 million
- Invested property should not be a gift or bequeathment
- You have to buy it with a deed issue from DLD
- The property should be in a close area, and you cannot rent it out to the owner
- In the case of a mortgage on the property, you have to pay the half price with its loan along with a NOC from the bank
- Couples can buy the property only if they can produce a marriage certificate
An individual has to be careful about the documents they produce to get an investor visa Dubai and a real estate company license in Dubai. It will simplify the further business setup process, and they can easily run the business.
Investor Visa for Free Zone Companies
Dubai encourages foreign investment along with economic activities in its free trade zone. The businesses run in the free zones are free from taxation like Value-added tax or VAT, and foreign nationals have almost 100% ownership here. Individuals who are opening companies in the free zone or a special area can apply for a partner visa in Dubai. The free zone is their sponsor, and they can run the business smoothly here.
The ways to get an investor visa in Dubai differ for investors and owners in the free zone. The application procedure and other costs will depend on the location of the free zone company and the nature of the business.
How Benefits to Get From Investor Visa Dubai?
The perks to get from an investor visa in Dubai are as follows:
- The visa secures an individual’s stay in the Emirates. The governing council can help with suitable visa extension
- Possessing a visa in Dubai is like getting a permit to sponsor an immediate family member. It safeguards the stay of your parent, wards and spouse in the emirates
- Having the visa is permission to stress-free traveling across UAE. It also eases the visa process in other GCC region
- The visa facilitates Indian entrepreneurs to opt for golden visas. It is a UAE residency visa that benefits both corporate and personal life
Getting a Real Estate License in Dubai
The Dubai real estate business is lucrative, and investors opt for a license throughout the year. One can apply for a real estate license in Dubai from Dubai economic development or DED that covers the following business activities.
- real estate brokers
- administrative boding offering help in the real estate business
- Having a contract with security, clean-up, and maintenance companies
When applying for a real estate developer company license, an investor has to submit relevant documents. It includes timely submission of RERA approval, tenancy contract, and others to the concerned authority. A business owner should be aware of a DED commercial license and its importance to run a business smoothly.
Be it a company license or investor visa, experts at Business Setup Dubai have up-to-date knowledge to guide you. It makes business setup a hassle-free process in Dubai. The experts have thoroughly researched the license and visa flexibility that can help an entrepreneur with ease of business operations. Contact the experts for free business consultation. Set up the firm, and get an idea on investor visa and commercial license from our experts.