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For those looking to start or invest in a business in Dubai, a Partner Visa is an essential requirement. This visa allows business partners or investors to legally reside in Dubai while managing their business operations. In this blog, weβll provide a detailed guide on how to obtain a Partner Visa in UAE.
What is a Partner Visa?
A Partner Visa, also known as an Investor Visa, allows foreign nationals to live and work in Dubai as partners or investors in a business registered in the UAE. This visa is particularly useful for those who want to have a hands-on role in managing their business in Dubai.
Eligibility Criteria
To be eligible for a Partner Visa in Dubai, you must meet the following criteria:
Business Ownership: You must own shares in a UAE-based company. The minimum shareholding requirement varies, but typically, you should own at least 25% of the company.
Business License: The company in which you are a partner must hold a valid trade license issued by the Department of Economic Development (DED) or a relevant Free Zone Authority.
Financial Requirement: Some jurisdictions may require a minimum investment or share capital contribution.
Application Process
Register the Company: Ensure that your company is registered with the DED or a Free Zone Authority. Obtain the necessary trade license and complete the incorporation process.
Memorandum of Association (MOA): Draft the MOA outlining the shareholding structure and partnership details.
Initial Approval: Submit an application for initial approval to the relevant authority. This step typically involves a preliminary review of your documents and business plan.
Security Deposit: Some jurisdictions may require a security deposit as part of the visa application process.
Entry Permit: Obtain an entry permit if you are applying from outside the UAE. This permit allows you to enter the country and complete the remaining formalities.
Health Check: Undergo a medical examination at an approved medical center in Dubai. This typically includes a blood test and a chest X-ray.
Medical Certificate: Obtain a medical fitness certificate, which is a prerequisite for visa issuance.
Emirates ID Application: Submit an application for an Emirates ID. This involves providing your biometrics, including fingerprints and photographs, at an Emirates ID service center.
Obtain Visa: Once medical results are normal and biometrics is completed, and you will receive your residence visa.
Required Documents
Hereβs a list of documents typically required for a Partner Visa application:
Valid passport copies of the applicant and partners.
Recent passport-sized photographs with a white background.
A copy of the companyβs trade license.
Copy of the MOA.
Entry permit if applying from outside the UAE.
Medical certificate from an approved medical center.
Proof of Emirates ID application.
Personal or company bank statements as proof of financial stability.
Proof of security deposit payment (if applicable).
Validity and Renewal
A Partner Visa is typically valid for two to three years, after which it must be renewed.
The renewal process is similar to the initial application process and includes medical tests, Emirates ID renewal, and visa stamping.
Advantages of a Partner Visa
Legally reside in Dubai and enjoy the benefits of UAE residency.
Actively manage and oversee business operations in Dubai.
Sponsor your family members, including spouse, children, and parents, to live in Dubai.
Enjoy visa-free or visa-on-arrival access to several countries.
To conclude, obtaining a Partner Visa in Dubai is a crucial step for entrepreneurs and investors looking to establish and manage a business in the UAE.
For personalized assistance and expert guidance on obtaining a Partner Visa in Dubai, contact us. Our team of professionals is here to help you every step of the way, ensuring a seamless and efficient application process.