Residency Type Dubai
There are 3 main benefits and reasons investors choose DUBAI:
- Residency: An investor visa is valid for 3 years; it automatically qualifies you for a 3-year Dubai residence visa.
- Long-term visa: Having an investor visa and building a successful business venture in the UAE can leverage your prospects of acquiring the UAE Golden Visa.
- Ease of Travel: It is very easy to travel to any GCC country for business or leisure if you have a Dubai investor visa. The investor status helps speed up the process of acquiring a travel visa to these regions.
THE 5 STEPS TO A UAE INVESTOR VISA
- Choose Your Visa Type: Investors, you’ve got options! opt for a 10-year or a 2-year visa. Snagging a 10-year residency requires an investment in a property starting at $550,000. If you’re eyeing that 2-year visa, a project worth about $205,000 will do the trick.
- Seal The Deal & Register Your Property: Next up, let’s get your property in your name. You’ll need these documents in your arsenal:
- OQOOD Certificate of Ownership
- Title Deed/Pre-title Deed Certificate of Ownership
- SPA sale and purchase agreement
- Bank account statement
- Start Your Resident Visa Application: Fire up the application process, and you can even do it remotely through the Dubai Land Department. Processing times vary from 3 to 20 days. On top of those real estate documents, you’ll need to provide 2 years of medical insurance coverage, a valid passport, and a passport-sized 3×4 photo with a white background.
- Pass Your Medical Check: Once your application gets the green light, the Dubai Land Department will hook you up with a list of clinics for a medical check. This involves a blood test and a chest X-ray.
- Submit Your Biometrics: Just a bit further to go! Before you get your shiny Emirates ID, you’ll need to provide your fingerprints. Expect an invite for biometrics collection around 20 days after your resident visa’s approval.