Obtainment of the UAE 2-Year Investor Visa
Major advantages of a residence visa:
- enables to live in the country;
- enables to become a tax resident (subject to additional conditions);
- enables to open a bank account;
- enables to rent property under an official contract;
- enables to connect mobile services;
- enables to obtain a driving licence.
The UAE real estate owners are eligible for 2 kinds of residence visas:
- 2-year visa for owners of real estate worth over AED 750.000 (~ USD 204.200).
- 10-year visa (“golden” visa) for owners of real estate worth over AED 2.000.000 (~ USD 545.000).
Requirements to Obtain a Visa
Amount of investment in real estate – from AED 750.000.
Requirements for the real estate:
- must be a ready-to-move-in property;
- must be fully owned by the investor;
- can be both residential and commercial.
Visa Specifics
- Investors over 60 years of age need additional permission to obtain a residence visa.
- After getting his residence visa, the investor can apply for residence visas for his family members.
- Validity period of a residence visa is 2 years. Upon expiry, a residence visa can be renewed for another 2-year period without limitation on the number of renewals, provided the investor continues to own the qualifying property.
- It is necessary to retain the investment during the entire validity period of the visa. In the case of sale of the real estate, a residence visa is subject to cancellation.
- This category of visa gives no right of work in the UAE. Investor’s family members can work, provided the employer sponsors their work visa (thus, the status of a residence visa will change).
Visa Obtainment Procedure
Approval from several authorities is required:
- obtain a certificate of no criminal record from the Dubai Police Department;
- submit the documents to the Land Department and await their decision on the application;
- after receiving a positive decision on the application, submit documents to the migration authority for a residence visa and ID card, undergo a medical examination and get the biometrics collected.
After getting his residence visa, the investor can apply for residence visas for his family members
- spouse,
- minor children,
- unmarried adult daughters,
- adult sons under 25 years of age,
- dependent parents (a visa for parents is issued for 1 year).
Documents to Be Submitted
The basic package of documents:
- title deed (an electronic copy);
- passport, current visa;
- photos (“passport” size, against a white background);
- certificate of no criminal record issued in the UAE.
To apply for visas for family members, one will need:
- passports,
- a current visa,
- photos,
- health insurance,
- legalized documents confirming the relationship (marriage certificate, birth certificate),
- Non-Objection Certificate.
Visa Obtainment Period
4 weeks
from 2 500 AED
The cost of obtaining an investor residence visa includes:
- Preparing, executing and agreeing the necessary documentation with the migration authority.
- Accompanying the client to a medical clinic for medical examination.
- Accompanying the client to the Federal Migration Service for fingerprinting and biometrics.
- Submitting to the migration authority documents for issuing and stamping a visa.
- Filing an application for and obtaining a residence card.
- Selecting an insurance company for medical insurance (if required).
- Transport expenses.
*Government fees (Entry Permit, Medical Fitness Report & Emirates ID, Visa Stamping on the Passport) are not included in this price.
The cost of obtaining a residence visa for the investor’s family member (per family member) includes:
- Preparing, executing and agreeing the necessary documentation with the authorities.
- Accompanying the applicant to a medical clinic for medical examination.
- Accompanying the applicant to the Federal Migration Service for biometrics.
- Submitting to the migration authority documents for issuing a visa.
- Filing an application for and obtaining a residence card.
- Selecting an insurance company for getting health insurance.