Business owner visa in UAE is very important for businessmen who want to live, work and open a business in UAE. Many businessman thinking whether they can get business owner visa in UAE or not. Lots of businessmen don’t know any information regarding the business owner visa in UAE. Here you’ll get all the required information regarding business owner visa in UAE.
Business Owner Visa (BOV) allows UAE-based companies to grant the right of residency to highly skilled non-UAE nationals. This type of visa is meant for applicants who will be considered as a business owner and manages their own company in UAE. Business Owner Visa can be classified into Business Support Category, Key Employee Category and Investor/Trader Category. To get your visa, you are required to submit an application along with supporting documents and fees at one of the Department of Naturalization and Residency (DNR)’s offices across UAE.
What is a business visa?
A business visa is part of the Golden Visa system under which foreigners can obtain a long-term visa for themselves and their dependents. It aims to create an attractive environment for businesses and the UAE’s economic growth.
Eligibility criteria
Professionals from any country with entrepreneurial experience are eligible to apply for the business visa. An eligible entrepreneur is anyone who has set up a business of his own at some point in his career, and wishes to do so again in the UAE.
To obtain the business applicants, you must:
- be able to substantiate your experience as an entrepreneur
- have been a majority shareholder of a start-up or a member of its senior leadership
- be willing to relocate to the UAE and legally establish a business in one of the seven emirates
- have a business idea or a business plan that you wish to bring to life in the UAE.
In addition, applicants must successfully pass the requirements of the Federal Authority for Identity, Citizenship, Customs & Ports Security, including a background check and health assessment.
Qualifying for the business visa does not guarantee that the applicant will receive the visa. Specialised committees review the application and the attached documents, and grant an approval accordingly. Once approved, the applicant will be required to follow the requirements of the Federal Authority for Identity, Citizenship, Customs & Ports Security in order to be issued the visa.
Applying for business visa
In order to apply for a business visa, you will need to have your nomination approved by an incubator supported by the UAE government (currently, AREA2071 in Dubai and HUB71 in Abu Dhabi). Once your nomination has been approved, you will be invited to apply for the visa through the Federal Authority for Identity, Citizenship, Customs & Ports Security.
Note:
- If your nomination is successful, you will receive a link to upload the required documents and complete your application for the visa.
- If your nomination is not approved, please apply again after 90 days.
Receiving visa
Once your nomination has been approved, you will be invited to complete the application for the visa through the website of the Federal Authority for Identity, Citizenship, Customs & Ports Security.
Once completed, you will receive an email with further instructions on how to receive your visa.
If you are residing outside the UAE, you will be given a six-month visa to enter the UAE, explore the opportunities and settle. Before your temporary visa expires, you will be required to convert it into the residency permit.
If you are currently residing in the UAE, you will be given a temporary one-month visa, and will be required to convert it into the residency permit before it expires.
In both cases, you can convert your visas into the residency quickly and conveniently at SERVICES1 in Emirates Towers, Dubai or directly through the Federal Authority for Identity, Citizenship, Customs & Ports Security.