In recent years, Dubai, UAE has become a magnet for individuals worldwide, drawn by its promising career opportunities and the prospect of a luxurious and cosmopolitan lifestyle. The city’s strategic global positioning and commitment to innovation have transformed it into a thriving business hub across diverse industries, enticing professionals to choose Dubai as their preferred destination to work and live.
Entrepreneurs are increasingly looking to set up business in the UAE, attracted by the streamlined processes and business-friendly environment. Business setup in Dubai, UAE, has gained prominence due to the city’s visionary leadership investing in cutting-edge infrastructure and facilities. The ease of company formation in Dubai, UAE, and its advantageous economic landscape makes it an ideal location for those aspiring to establish a business presence.
Types of visas available in Dubai, UAE
To move and work in Dubai, UAE you must acquire the right type of visa. The UAE provides a wide range of visiting and residence visas. Listed below are the different types of visas provided in Dubai, UAE:
- Property Owner Visa
Investors and property buyers who have investments in any freehold property in Dubai, UAE are eligible to get a Property Visa, granted they meet specific criteria. Types of the Property Owner Visa are:
5-year property visa
A property valued at 2 million Dirhams in the UAE can make its owner eligible for a 5-year residency visa. The investment must be kept for a minimum of 5 years, and the visa allows the holder to sponsor their family and dependents.
3-year property visa
a 3-year property visa is offered by the Dubai Land Department to those who invest in a property worth 1 million Dirhams or more in the UAE. This visa also allows one to sponsor family members.
10-year property visa
Investors who have public investments worth AED 10 million through a deposit are eligible for a 10-year visa. However, there are conditions for the investment. The real estate cannot exceed 60% of this amount, and it must be held and unsold for at least 3 years.
Some of the requirements for a property investor visa in UAE are:
- A monthly income of at least AED 10,000, or its equivalent in foreign currency.
- The property must be owned by you.
- Health insurance.
- The property must be an apartment, or a villa should be in a free-hold area; an area where foreigners are allowed to own properties.
- Property current value must be at least AED 1 million.
- If the property is mortgaged, 50% property value must be paid.
2. Tourist Visa
This visa is issued to visitors of Dubai, UAE for tourism or job-seeking purposes. The visa is typically valid for 30 days and can be extended for an additional 30 days.
3. Employment visa
Also known as a work visa, this visa is issued to employees, typically valid for two renewable years. If you’re thinking of finding a job in Dubai, UAE, you can apply for jobs based in Dubai, UAE from your home country and your employer will apply for a work visa for you.
4. Business visa:
Business visas are typically valid for 90 days and can be extended, and they are issued to individuals visiting Dubai, UAE for business purposes, such as attending meetings and conferences.
5. Investor visa:
This type of visa is issued to investors who have a business in Dubai, UAE. Investor visas are typically valid for three years and can be renewed.
Similar to investor visas, there’s also the partner visa which grants residency based on the value of shares a partner has in a company.
Both investor and partner visas are subject to certain conditions and involve security deposit payments, among other things.
6. Residence visa:
This type of visa is issued to employees living and working in Dubai, UAE, and to their dependents. Residence visas are typically valid for two years and can be renewed.
7. Student visa:
This type of visa is issued to students who are studying in Dubai, UAE. Student visas are typically valid for the duration of the study program and can be renewed. This visa allows students to work part-time along with their studies, in free zone.
8. Family visa:
This type of visa is issued to dependents including spouses and children of employees and investors living and working in Dubai, UAE, and is typically valid for two years and can be renewed.
9. Non-Immigrant Visa:
Dubai, UAE also offers a range of non-immigrant visa options such as:
- 48-hour visa.
- 96-hour visa.
- 14 days single-entry short-term visa.
- 30 days single-entry short-term visa.
- 90 days visit visa.
- Multi-entry long-term visa.
- Multi-entry short-term visa.
10. Retirement Visa
Retired employees over the age 55 years have the option of a retirement visa valid for 5 years. The eligibility criteria include either of the following:
1. Invest in a property worth AED 2 million.
2. Have financial savings of no less than AED 1 million.
3. Have an active income of no less than AED 20,000 per month.
11. Golden Visa
The UAE Golden Visa is a long-term residence visa that is granted to foreign investors, entrepreneurs, scientists, qualified professionals, and exceptional talents. It offers several benefits, including the ability to live, work, and study in the UAE without any restrictions. The Golden Visa is valid for 5 or 10 years and can be renewed.
12. Green Visa
The new Green Residency Visa allows freelancers and self-employed individuals a 5-year residency in the UAE without a sponsor or an employer. The following requirements must be fulfilled:
- A freelance/self-employment permit from the Ministry of Human Resources and Emiratisation.
- A bachelor’s degree or a diploma in the respective domain.
- An annual self-employment income over the past two years of AED 360,000 or the ability to demonstrate financial stability during the stay in the UAE.
How can SPC Free Zone help you?
SPC Free Zone is the fastest free zone that issues licenses within minutes, and UAE Residency in 5 working days. We understand that being an owner-operator with vision is a challenging task, so we offer business services directed towards long-term goals.
At SPC Free Zone, we support business activities in Sharjah. From business planning to professional license acquisition, SPC Free Zone assists entrepreneurs at every step.
SPC Free Zone can assist you if you plan to start your business in Sharjah. We provide opportunities like obtaining dual licenses for mainland and free zones.
Our business setup packages are cost-effective and start from AED 6,875. With our flexible business packages, entrepreneurs can explore various options associated with establishing a business in the UAE.
You can also take advantage of unlimited visa quotas and maximize profits with zero paid-up share capital and 100% foreign ownership.
SPC Free Zone also provides an e-commerce license and general trading license for all commercial activities.
Are you ready to move to Dubai, UAE? Contact our team today!
