Welcome to our complete blog to safeguarding a partner visa in Dubai, which was brought to you by Shuraa Business Setup! Understanding the visa process is supreme if you’re offering new business ventures in this active city. But fear not; we’re here to shorten it for you. In this guide, we’ll offer priceless visions and tips to guarantee a whole trip from start to finish. From separating the requirements to directing the application maze, you can rely on us to be your trusted companion.
Furthermore, obtaining a partner visa could reveal exciting opportunities if you’re expecting beginning a business in Dubai. We’ll explore into investor visa benefits, basics, and distinctions, allowing you to make informed choices. So, let’s get on on this trip together and transform your Dubai aspirations into reality!
What is a Partner Visa?
A partner visa in UAE is a specialised residency permit crafted for individuals who partner with a company based in the UAE. Specifically designed for those with a substantial stake or share in a business operating within the country, this visa grants partners the ability to actively participate in the management and day-to-day operations of the company.
Typically, the key is intricately linked to their role and shareholding in the business, providing a legal means for them to reside in the UAE. Additionally, partner visa holders often have the privilege of sponsoring their immediate family members for residency.
What is an Investor Visa?
In contrast, an investor visa is granted to individuals who make a significant financial investment in the UAE. This may encompass investments in business ventures, startups, or real estate within the country. The partner visa, and the investor visa, and partner both can have active participation
Eligibility Requirements for the Partner Visa in Dubai
To be eligible for a partner visa in the UAE, applicants must fulfil specific requirements, which classically include the following:
1. Business Ownership/Partnership Agreement
This includes holding an important share or stake in a UAE-based company and providing validation of a partnership agreement or company registration documents.
2. Minimum Investment
The minimum investment beginning varies depending on the emirate and the nature of the business.
3. Valid Passport
Applicants must possess a valid passport with sufficient outstanding validity.
4. Medical Fitness Test
Successfully passing a medical fitness test managed by UAE health authorities is authoritative.
5. Emirates ID Registration
All residents of the UAE are mandated to undergo Emirates ID registration.
Application Process for A UAE Partner Visa
Getting a partner visa in the UAE initiates an accurately structured journey, demanding careful planning and detailed performance, as it entails various essential steps and thorough documentation.
1. Obtain a Trade License and MOA
Get a valid trade license for your business and ensure that the Memorandum of Association (MOA) includes your name as a partner.
2. Apply for an Immigration Establishment Card
Your company needs to get an Immigration Establishment Card from the General Directorate of Residency and Foreigners Affairs (GDRFA).
3. Medical Fitness Test and Health Insurance
You must undergo a medical fitness test and obtain health insurance upon arrival in the UAE as a residency visa requirement.
4. Emirates ID Registration
Apply for an Emirates ID at an ICA service centre.
Processing Time of a Partner Visa in Dubai
The period for handing out a partner visa in the UAE generally ranges from several days to a few weeks, depending upon submitting all necessary documents and completing necessary procedures, such as the medical fitness test. The inconsistency in processing time is partial by factors such as the selected emirate, the accurateness and completeness of the submitted documents, and the current workload of immigration authorities during the application period.
UAE Partner Visa Benefits
Acquiring a partner visa in Dubai and the UAE brings forth many benefits, enriching your lifestyle, professional experience, and regional investment prospects. These advantages are tailored to each investor visa category and encompass:
1. Ability to Sponsor Immediate Family Members
Holders of partner visas can sponsor visas for their spouses, children, and, in some instances, parents, fostering a closer family connection during their stay in the UAE.
2. More accessible Travel to GCC Countries
Benefit from streamlined travel to GCC countries, facilitating increased networking opportunities, business collaborations, and a deeper understanding of regional markets.
3. Possibility of Gaining the UAE Golden Visa
The Golden Visa is only valid for a maximum of 10 years, and the requirement is simply a fixed investment of 2 million in either bank deposits or property valued at 2 million.
4. Access to UAE Services
Residing in the UAE with a partner visa grants access to government and private services, including healthcare, education, and property rental or purchase.
Partner visa Dubai Cost in 2024
Understanding the expenses of each visa category and potential additional fees during the application process is paramount. While visa costs start from 4000* AED, additional charges may include expenses for medical fitness tests, health insurance, Emirates ID, and establishment cards. Moreover, fees for document translation and legal advice services may also apply. It’s essential to stay informed about the comprehensive cost structure to understand the financial aspects of obtaining a partner visa.
Wrapping up with Shuraa!
In conclusion, obtaining a partner visa in Dubai requires adherence to a structured process with specific requirements and associated expenses. Understanding the eligibility criteria is key for a smooth application process. The significant advantages of safeguarding a partner visa in Dubai include the opportunity for partners to reside, work, and enjoy the vibrant lifestyle of this dynamic city together. For assistance setting up a business in Dubai, kindly contact Shuraa.
FAQs
Q1. How long does a Partner visa last?
Partner visas in the UAE typically last for 2years, with the option for renewal after this period.
Q2. What sets an Investor Visa apart from a Partner Visa in Dubai?
An investor visa is approved to those who make substantial financial investments without direct involvement in daily operations. In contrast, a partner visa is for individuals actively managing a UAE-based company with an important stake.
Q3. What are the requirements for sponsoring family members?
To sponsor family members, a partner visa holder needs valid identification documents, proof of income, a marriage certificate (for spouse), and birth certificates (for children), and must meet the government’s minimum monthly income requirement.
Q4. How much does a partner visa cost in Dubai?
A Partner visa costs AED 4000* with a renewal fee of AED 1750*. A two-year investor visa costs vary; for example, a property investor visa starts from AED 12,000*.