What Is The 2 Year Investor Visa In Dubai?

Dubai is widely known for its tourism industry, which makes it ideal for investing in different businesses. The government of UAE acknowledges those investors who play an active role in the success of this region’s economy. A strategic location and a business-friendly government open the doors for many excellent investment opportunities in the UAE. The UAE offers an investor visa with specific benefits for such people, which can be seen as an incentive for more foreign nationals to invest in the UAE and expand their businesses. To learn about the two-year investor visa in Dubai, read this blog and discover its cost, benefits, and eligibility criteria.

What is the 2 Year Investor Visa in Dubai?

A two-year investor visa is granted to individuals who have invested at least AED 25,000 in a business. With this visa, foreign nationals can live and work in the UAE for two years. They can also renew this visa for two more years if they maintain their investment.

Eligibility Criteria for a 2 Years Investor Visa

To get a two-year investment visa, you must invest in real estate, starting at AED 750.000. Requirements for the real estate include:

• It must be a ready-to-move-in property;
• It must fall under the complete ownership of the investor;
• The property can be both commercial and residential.

Documents Required for a Dubai Investor Visa

What documents will you need for your Investor Visa? Here’s a simple checklist to help you:

• 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

Costs and Fees

Starting from 2500 AED, the cost of getting an investor residence visa includes:

• Preparing and completing all the necessary paperwork with the migration authority.
• Helping the client during the medical check-up at a clinic.
• Assisting the client with fingerprinting and biometrics at the Federal Migration Service.
• Submitting documents to the migration authority for visa approval and stamping.
• Applying for and receiving a residence card.
• Choosing a medical insurance provider (if needed).
• Covering transportation costs.

Benefits of 2 Year Investor Visa in Dubai

You can live in Dubai legally

The two-year investor visa lets you stay in the country for two years. As long as your visa is valid, you can leave and return to the country as often as you like.

You can become a tax resident

With this visa, you can take potential benefit from Dubai's tax-free environment. This means that there is no income tax on personal earnings.

You can open a bank account

Looking to open a bank account? Worry no more! With this visa type, you can open a bank account, manage finances, receive payments, and conduct daily banking transactions.

You can rent a property with an official contract

You can also rent your property per the UAE's official tenancy contract. The lease agreement outlines the lease terms and the expectations and requirements that both parties have mutually agreed upon.

You can apply for a driving license

The two-year investor visa also makes you eligible for a driver's license. This allows you to travel wherever and whenever you want.

Comparison with Other Investor Visas

Feature 2-Year Investor Visa 5-Year Investor Visa 10-Year Investor Visa Eligibility Investment in property or business (min. AED 750,000) Investment in property or business (min. AED 2 million) Investment in business (min. AED 10 million) or specialized talent Duration 2 years 5 years 10 years Renewability Renewable upon meeting conditions Renewable upon meeting conditions Renewable upon meeting conditions Residency Benefits Live, work, and study in the UAE Live, work, and study in the UAE Live, work, and study in the UAE Tax Residency Yes Yes Yes Family Sponsorship Yes, can sponsor family members Yes, can sponsor family members Yes, can sponsor family members Required Health Insurance Yes, required for all visa holders Yes, required for all visa holders Yes, required for all visa holders Property Ownership Required minimum property investment of AED 750,000 Required minimum property investment of AED 2 million No minimum property investment required if other criteria are met Business Ownership Investment in a local business Significant investment in a business (min. AED 2 million) Investment of AED 10 million in business or local economy Visa Processing Time Typically 1-2 months Typically 1-2 months Typically 1-2 months Additional Benefits Access to UAE banking, mobile services, and driving license Same as 2-year visa Same as 2-year visa Other Requirements No loans or mortgages for investment eligibility No loans or mortgages for investment eligibility No loans or mortgages for investment eligibility

Conclusion

Dubai’s 2-year investor visa is a fantastic opportunity for foreign nationals to expand their business. You can participate in this expanding market if you obtain an investor visa. This visa is not only one of the best ways to start your own business but also one of the simplest ways to get a residence permit in Dubai. Thus, you can live in this expanding city and make investments there.

What are the benefits of a 2-year investor visa in Dubai?

The 2-year investor visa allows you to live in Dubai, become a tax resident, open a bank account, rent property, get mobile services, and apply for a driving license. It also lets you sponsor family members for residency.

What is the salary for an investor visa in Dubai?

The investor visa itself does not come with a salary. It is meant for those who invest in businesses or property. Any income you earn depends on your business or investment success.

Can we work in Dubai with an investor visa?

Working in your own business or managing your investments with an investor visa is possible. However, you cannot work as an employee for another company unless you switch to an employment visa.

Can I open a bank account in Dubai with an investor visa?

With an investor visa, you can easily open a personal or business bank account in Dubai. This helps you manage your finances and transactions locally.