Dubai is a city which is known for its vibrant tourism industry which is the reason why it is one of the most amazing places for investing in different types of businesses. The UAE government recognizes the investors that play an important and active role in the success of the economy of this region. The strategic location of this city and the government which is are business-friendly. This helps in opening multiple doors for some of the most excellent investment opportunities in the UAE. UAE is known for offering investors visas that provide some specific benefits to the people. These benefits are seen as an incentive for foreign nationals in order to invest in the UAE and expand their specific businesses.
In this blog, we will learn a bit more about the two year investor visa in Dubai and will shed light on the cost, benefits, eligibility, and more.
What is The 2 Year Visa For Investors In Dubai?
The 2 year investor visa is given to all those people who have invested at least AED 25,000 in any business. When a person gets this visa, even those foreign nationalities can work and live in the UAE for almost 2 years. Moreover, one can also renew this visa for more than 2 years if they continue to maintain their investment.
The Eligibility Criteria for Investors Visa in Dubai
If you want to get a 2-year UAE Residence Visa for Investors then the first and foremost thing to be eligible is that you must invest in real estate starting at least AED 750,000. The requirements for the real estate investment include:
- The property must be ready to move.
- The ready to move project must fall under the ownership of the investor completely.
- It can either be a commercial property or a residential property.
Necessary documents required to apply for this 2 years investor visa
When you are applying for a 2-Year UAE Residence Visa for Investors you must have a set list of documents that are required to apply. The necessary documents are:
- Passport copy
- Personal photo with a white background
- Memorandum of Association
- Immigration Establishment Card
- Trade license
- Partnership contract with the local sponsor
- Bank statements from the last three months
- Copy of company establishment card
- Cancellation document of your current visa
- A copy of your visit or tourist visa
- Service Agent Contract and Partnership Contract copies
What Benefits You Can Avail If You Get A Two Year Investors Visa?
There are several benefits one can get from a 2-year UAE Residence Visa for Investors in Dubai. Some of those benefits are listed below:
- Get to live in Dubai legally: The two year investor visa lets you stay in Dubai for two years as long as your visa is valid. You can also leave and return to the country as you please until you have a valid visa.
- Become a tax resident: When you get a 2-Year UAE Residence Visa for Investors you can enjoy the exclusive benefits from the tax free environment of Dubai which means that you do not have to pay income tax on any personal earnings.
- Opening a bank account: If you are looking to open a bank account in Dubai then you need to worry no more. When you get this visa you can easily open a bank account, manage finances, receive payments, and do all sorts of bank related activities.
- Avail a plethora of benefits by investing in Damac Cavalli Estates: One always looks for a good investment opportunity if one decides to get a two-year investor visa in Dubai and there is no better residential project than this one.
- Rent a property by signing an official contract: With this visa, you can also rent your property as per the UAE’s official tenancy contract. The lease agreement outlines all the terms and expectations that both parties are required to agree upon.
Summary
Getting the 2-Year UAE Residence Visa for Investors in Dubai is one of the most fantastic opportunities for all foreign nationals who are thinking of expanding their business. You can easily take part in the expanding market if you want to get an investor visa. This visa will open up a gateway of opportunities to give a headstart to your business. This is one of the simplest ways to thrive and get a residence permit in the city of Dubai.