Partner Visa
The Partner Visa in Dubai is the gateway for foreign entrepreneurs and investors seeking to immerse themselves in the city’s thriving business landscape. This visa is an outstanding opportunity for individuals to establish or expand their business ventures in this Emirate and beyond.
What is a partner visa in Dubai?
A partner visa is granted to foreign nationals who own a company, hold shares in an existing business, or are expatriates who wish to establish a business in the United Arab Emirates. It is a residency visa designed to foster international collaboration and encourage foreign investment.
Partnership Agreement:
A valid partnership agreement is essential. This agreement outlines the terms and conditions of the partnership between the foreign national and the local Emirati sponsor. It must be signed and attested by all parties involved.
Minimum Capital Investment:
One of the major requirements for a partner visa in Dubai is for the foreign national to own shares in a company (whether newly established or existing) or invest in a company in Dubai. A foreign national can also start a business, too. The minimum investment is AED 72,000 for a partner visa.
Local Sponsorship:
As a foreign national, you must secure a local Emirati sponsor or partner who holds the company’s majority share (51%). The sponsor will act as a local representative and support the visa application process. Choosing a trustworthy and reliable sponsor who understands the local business landscape and complies with all legal obligations is essential.
Business Licensing:
The company where the foreign national seeks partnership must be legally registered in Dubai and carry a valid trade license.
Proof of Financial Capability:
You must provide evidence of financial capability, such as bank statements, financial records, or audited financial reports. This demonstrates your ability to support yourself and the business during your stay in Dubai.
Valid Passport and Photographs:
A valid passport with a minimum validity of six months and recent passport-sized photographs are required for the visa application.
Dubai and UAE partner visa rules
These are the essential rules related to partner visas in Dubai and the UAE:
- Local sponsorship: Foreign nationals applying for a partner visa must have a local Emirati sponsor or partner. The sponsor/partner holds the majority share (51%) in the company and acts as a local representative. The sponsor must be an Emirati citizen or a UAE national.
- Company formation: To obtain a business partner visa, the company in which the foreign national seeks partnership must be a legally registered entity in Dubai or the UAE. It should have a valid trade license issued by the relevant authorities.
- Share capital requirements: Dubai and the UAE may have minimum share capital requirements for certain types of business activities. The specific amount varies depending on the nature of the company and the industry in which it operates. Compliance with the share capital requirements is necessary.
- Partnership agreement: A valid partnership agreement between the foreign partner and the local Emirati sponsor is essential for the visa application. The agreement outlines the terms and conditions of the partnership, including profit-sharing, decision-making processes and responsibilities.
- Visa duration: Partner visas in Dubai and the UAE have a duration of three years, and they can be renewed.
- Visa renewal: Visa renewal requires adhering to the renewal procedures and meeting any updated requirements set by the authorities.
- Business activity restrictions: certain business activities in Dubai and the UAE may have specific regulations, licensing requirements or restrictions. Ensuring compliance with these regulations and obtaining the necessary permits or approvals for the chosen business activity is crucial.
- Legal obligations: Business partners in Dubai and the UAE have legal obligations, including compliance with local laws and regulations, timely submission of financial statements, and adherence to tax obligations.
How much is the partner visa in Dubai?
The cost of a partner visa in Dubai ranges from AED 10,000 to AED 15,000. The cost varies depending on the type of investment or business. It is essential to recognize that visa fees and related costs may fluctuate over time. Therefore, consulting with professional business setup specialists, such as Kabayan Ehsan, is recommended to obtain the latest information and guidance.
The Best Partner Visa Services in Dubai, UAE
Kabayan Ehsan provides personalized consultation services for obtaining a Partner Visa, enabling foreigners to quickly secure residency in the country. We assist in evaluating their eligibility for the UAE Partner Visa and help with the application process by submitting all necessary documents. Contact us today to streamline your application for a Partner Visa in the UAE.
