10 Years Visa For Investors In Dubai

Investors from all over the world are actively looking for avenues that offer them a secure and profitable home. Dubai, one of the business hubs in the Middle East, is number one destination where they are investing their money in. The city has seen a massive boom over the past decade owing to its tall skyscrapers, hotels, malls, theme parks et al. All of this wouldn’t have been possible without foreign investor’s money. To encourage such interest in the real estate market, Dubai Government has provided investors with 10 year residence visas with many other incentives…Business visa in Dubai, United Arab Emirates can be obtained with the help of a Dubai Business, Tourist Visa or Investor visa. Investors going to visit to Dubai should have an Iqama. The 10-year visa is granted to investors who have made a non-refundable investment in the UAE. The new 10-year business visa, which has been introduced by the UAE authorities, will enable foreign investors to stay for 10 years instead of 1 year under the current policies

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Introduction

Are you looking to invest in Dubai? Then look no further. We bring you the best deal of the year. A tenure of 10 years visa for investors and their families.

This new long-term visa system will help you grow your business as well as contribute to the UAE economy.

The UAE cabinet approved a new long term visa system that includes multiple entry visas valid for 10 years for investors, innovators, top students and others. The newcomers will be granted a five-year renewable residency permit under this system, which also includes skilled workers with expertise in areas such as medicine and engineering, outstanding students and researchers at recognised universities in the country, artists with exceptional talent and retirees sponsoring themselves. There are many benefits of staying in Dubai for a longer period as compared to just being on holidays or short term visit visas.

To avail these amazing benefits apply for an investor visa today!

New visa rules for investors

The government is introducing a new long-term visa system for investors and their families. The most important change is that you will be able to get 10 years visas if you meet the following conditions:

Investing in a business, either through cash or property worth 1 million dirhams or more.
Investment capital of at least 2 million dirhams in an approved bank account in your name with ATM card access. This can be done through one of the three approved banks: Emirates National Bank; First Gulf Bank; Dubai Islamic Bank.

new long-term visa system

The new long-term visa system will be implemented on January 1, 2020. The new system will see investors eligible for 10 years visas if they invest a cash amount in one of the following sectors:

A business that has an annual turnover of at least 500 million dirhams and employs at least 50 full-time employees
A property worth at least 1 million dirhams or more that is owned by an individual investor who is not a resident of another country

The investor must also have capital of at least 2 million dollars invested in any financial institution licensed by the UAE Central Bank, or hold an active trading account with a minimum balance of 200,000 dollars. Another option is to provide evidence that you own a valid health insurance policy from an approved provider.

10 years visas for investors and their families

10 years visa for investors and their families

The 10-year Investor Visa permits investors to reside in the UAE. The investor must be at least 18 years old and have a minimum investment of AED 500,000 in one of the following types: real estate property, government bonds or listed companies traded on stock markets recognized by Dubai Financial Market (DFM), as well as other investments approved by UAE’s federal authorities. After five years of receiving this visa, investors can apply for an additional 5 year extension to their stay in the country if they still meet all conditions required under this law.

cash investment in a business

Cash investment in a business
Investment in a business

a property investment worth 1million dirahms or more

To qualify for this visa, the property must be purchased from a developer who is registered and licensed with Dubai Land Department. The investor must own at least 30% of the property and register it in his name within six months of purchase.

The property should be used by the investor and his family as their primary residence for at least five years after obtaining the residency visa.

capital of at least 2 million dirhams

To qualify you need to invest a minimum of 2 million dirhams in any business or property, which must be in your name or the name of a company that you own.

The investment needs to be held in an account at one of the UAE banks and it must be for at least 3 years or more.

have a valid health insurance in the UAE

The health insurance is mandatory for all residents, expats, students and visitors in the UAE.

It is a legal requirement for everyone to have a valid health insurance in the UAE.

The health insurance is compulsory for everyone living or visiting Dubai or any other emirate of the UAE. Health insurance will be compulsory for all residents of Dubai even if they are not required to pay Zakat tax on their income; however, those who live in free zones are exempted from this rule (but still need an Ejari Certificate). The same goes for students studying at an institution recognized by Ministry of Higher Education (MOHE) – they must have their own valid E-card issued by MOHE with coverage valid till they complete their studies and return home.

Get the investor visa for yourself and your family.

The investor visa is a unique visa that allows investors to obtain the right to reside in Dubai and enjoy the privileges that come with it. The benefits of this visa include:

A residence permit valid for 10 years
An option to work without restriction

The benefits above make the investor visa a highly sought-after document, but obtaining one isn’t easy. It requires proof of funds and independent income, which can be difficult for some people who are starting their careers or don’t have a lot of extra cash lying around. If you’re interested in applying for your own investor’s visa, here’s how:

Conclusion

The new visa rules are expected to attract a large number of investors and entrepreneurs from all around the world. The UAE has offered a very generous package for investors and their families, which includes 10 years visas for investors and 5 years visas for their families. This is also a great opportunity for those who want to settle in the country after retirement.