UAE Partner Visa
Complete Guide to Obtaining a Partner Visa in Dubai
A UAE Partner Visa is a type of residency visa intended for international investors who have associated with a company that was founded in the United Arab Emirates. They can reside in the United Arab Emirates and take part in the management of the business they have invested in thanks to this visa.
The company in which they are partners will sponsor the type of visa. The Partner Visa in Dubai has a two-year validity duration and can be renewed. Let’s explore our in-depth guide for additional information about this visa type.
Who Needs a Partner Visa in the UAE?
To put it briefly, foreigners and expatriates who wish to start a business in the Emirates, own an existing company, or have stock in one receive a Partner Visa. In addition to attracting and facilitating foreign investments in the Emirates’ economy, this resident visa aims to foster international economic cooperation.
Consequently, the following groups of foreign nationals are targeted by this type of visa:
- Investors: A Dubai Partner Visa is available to foreigners who want to invest in and join a UAE-based company as partners.
- Shareholders: An individual with a significant ownership stake in a company situated in the United Arab Emirates.
- Entrepreneurs: Entrepreneurs from other countries who wish to start a company in the United Arab Emirates and collaborate with local Emirati investors.
- Professionals: Professionals, including physicians, attorneys, engineers, and consultants who wish to establish their own practice or collaborate with a UAE-based company, may occasionally need a Partner Visa in the UAE to work there.
- Family members: Partner visas also enable their owners to sponsor spouses and children to reside with them in the United Arab Emirates. Family members must apply for family visas to the United Arab Emirates.
Who Needs a Partner Visa in the UAE?
In the Emirates, obtaining a partner visa can offer the following advantages:
2 years of legal residency
For two years, the visa enables international investors to live lawfully in the United Arab Emirates and actively operate their company, providing them with access to the nation’s numerous economic opportunities.
Access to local markets
Having a Partner Visa in the UAE gives one access to local networks and markets, making it simpler to conduct business within the nation and offering enormous growth possibilities in the Emirates’ booming economy.
Visa sponsorship for family members
As previously stated, holders of partner visas in Dubai can sponsor their family members for residency visas, enabling them to live together in the United Arab Emirates and take advantage of all the benefits the nation has to offer.
Easy traveling
People can travel to GCC nations and enter and exit the Emirates with ease if they have a Partner Visa, which eliminates the need to apply for a separate visa each time. This makes time management simpler and opens up a wider range of business prospects.
Tax benefits
Businesses can benefit from the UAE’s favorable tax laws, which may reduce their partners’ tax obligations.
Potential for long-term or permanent residency
Depending on the requirements and rules established by the government, business partners may be eligible to apply for a long-term visa to remain in the Emirates.
Through government initiatives like the UAE Golden Visa, having a Partner Visa may occasionally be a means of obtaining permanent residency in the United Arab Emirates, providing stability and long-term advantages to individuals and their families.
Access to healthcare and education facilities
In order to give them peace of mind and high-quality services, Partner Visa holders and their families can use healthcare and educational facilities in the United Arab Emirates.
All things considered, a Partner Visa in the Emirates gives foreign investors and entrepreneurs the chance to launch and expand their companies in a developing market while taking advantage of the advantages of legal residency and company ownership.
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Difference between Partner and Investor Visas
Some people confuse the UAE partner and investor visas because of their similar concepts. There are significant differences, though.
Foreign nationals who have invested a specific amount of money in the UAE economy are eligible for the Investor Visa.
This visa is usually given to people who have invested a significant amount of money in starting a new company, buying real estate, or funding an already-existing company.
The primary distinction between the investor and partner Visas is that the former requires a higher level of capital contributed and does not need to be involved in the business operations of the company in which the recipient has invested.
The Partner Visa, in turn, requires management involvement and ownership of a sizable portion of the business.
Requirements for the Partner Visa in the UAE
The UAE Partner Visa eligibility requirements consist of several components. The following conditions must be met in order to apply for one:
- Partnership agreement and shareholding: Either a legitimate partnership agreement with the local Emirati sponsor or partner that outlines their duties, responsibilities, and profit-sharing arrangement or an important stake in an authorized company in the Emirates is required of the applicant. Any area or industry could be home to this business.
- Minimal investment: The minimum amount of money required to obtain a Partner Visa can differ based on the emirate and the kind of business. The General Directorate of Residency and Foreigners Affairs (GDRFA) states that a partner must invest at least AED 1 million or its equivalent in another currency.
- Financial stability: The applicant must demonstrate that they have enough money to maintain themselves and any dependents while they are in the United Arab Emirates. This might be a letter of support from the local sponsor, bank documents, or proof of income.
- Good conduct: The candidate must demonstrate excellent character and provide proof of a clean criminal background. Any prior infractions or legal problems could lead to the denial of a visa.
- Business plan: A clear and comprehensive business plan that outlines the company’s aims, objectives, target market, products or services, and marketing approach is required of the applicant.
- Trade license: The applicant’s partner company must have a valid trade license that is on file with the UAE government.
- Local sponsor: The applicant needs a local sponsor in the United Arab Emirates who will serve as a guarantor and support him during the application and processing of the visa by the authorities.
- Visa application: The applicant must send a completed visa application form to the appropriate Emirates government offices together with any required supporting documentation.
- Medical examination: To make sure they are healthy and do not represent a risk to public health in the United Arab Emirates, the applicant will need to pass a medical examination.
- Passport requirements: The applicant must have a passport with at least six months left on it and recent passport-sized pictures in order to be eligible to apply for this type of visa.
- Visa fees: For the Partner Visa in the United Arab Emirates, the applicant is required to pay all applicable fees and charges.
Document Requirements for the UAE Partner Visa
To apply for a Partner Visa, be sure to gather the following set of documents:
- Filled-in visa application form
- Copy of valid passport
- Passport-size photographs
- Copy of the trade license of the sponsoring company
- Copy of the partnership agreement
- Memorandum of Association (MOA)
- Proof of financial stability of the sponsoring company
- Bank statements of the sponsoring company
- Business plan outlining the company’s activities
- Medical fitness certificate
- Emirates ID application form
- Visa fee payment receipt
- Any other supporting documents as requested by the UAE authorities
UAE Partner Visa Application Process
The detailed steps for obtaining a partner visa in the Emirates are as follows:
Enter a partnership agreement with a UAE-based company
Each partner’s shareholding percentage, profit-sharing terms, job responsibilities, and other arrangements should all be set out in detail in your partnership agreement.
Find a local sponsor
You must have an Emirati national or a locally based business serve as the local sponsor for your visa application in order to apply for a Partner Visa.
Apply for the Immigration Establishment Card
In order to sponsor a visa, your partner company needs to have an Immigration Establishment Card from the GDRFA.
Obtain the necessary documents
Gather all of the required paperwork mentioned above.
Submit the visa application
Complete the visa application and send it to the appropriate UAE government agency or immigration authority with all required paperwork.
Pay the visa fees
Pay the necessary visa costs so that your application can be processed. As proof of payment, keep the receipt.
Pass the medical checkup
You must take and pass a medical exam for this sort of visa in order to prove that you are healthy and meet the public safety health requirements set by UAE authorities.
Complete and hand in the Emirates ID application
Submit the Emirates ID application, which is a required identity document for all citizens of the United Arab Emirates. Present the filled-out Emirates ID application form along with the required documents.
Await visa approval
You will have to wait for your visa to be approved by the appropriate immigration authority or government agency in the United Arab Emirates after you have filed all the requisite paperwork and finished the necessary procedures.
Collect your visa
You will be granted the Partner Visa, which will allow you to remain and work in the United Arab Emirates as a business partner of the sponsoring company if your visa application is accepted.
To ensure that the visa application process runs as smoothly as possible and that the necessary results are obtained, it is crucial to adhere to all rules and regulations established by the UAE authorities.
Processing Time of the UAE Partner Visa
Depending on the particulars of the application, there may be a range in the amount of time needed to complete a Partner Visa in the Emirates. The visa processing and approval typically takes five to 15 working days.
However, it is crucial to remember that the processing time may be determined by several factors, including the completeness of the application, the workload of the immigration authorities, any additional papers that may be needed, and the time required for specific processes (such as the medical examination).
All required paperwork and information must be submitted accurately to speed up the visa application procedure. The procedure might also be streamlined by hiring the services of a reputable visa processing company.
Costs of a Partner Visa in the UAE
There are several factors that might significantly affect the overall cost of acquiring a partner visa. The UAE Partner Visa only costs 200 AED, but there are additional fees for required and optional services during the application and approval process. The following are some approximate figures for getting a partner visa in the United Arab Emirates.
Health insurance, visa processing agency fees, consulting services, company registration costs, shareholder or investment money, etc. are possible additional expenditures related to the Partner Visa. When combined, they can have a significant impact on the overall amount needed.
For the most current and correct information on the fees involved in obtaining a Partner Visa in the United Arab Emirates, it is advised to consult with the appropriate authorities, a visa processing company, or local advisors.
Conclusion
Foreign businesspeople and investors can get residency in the United Arab Emirates for themselves and their family members by obtaining a Partner Visa.
This type of visa has a three-year validity period and several other unique advantages, despite suggesting a business connection with a local UAE company, which may necessitate a substantial investment in its shares.
Book your consultation call today with JSB Incorporation to learn more about UAE Partner Visa Services.
FAQs
It is typically valid for 3 years and renewable upon expiry.
Yes, Partner Visa holders can sponsor their spouse, children, and dependents.
Costs vary but generally include application fees, medical tests, and Emirates ID charges.
A medical fitness test is required as part of the application process.
Yes, the visa allows you to work within your business activities legally.
Don't miss out on this limited-time opportunity!
We'd Love To Hear From You
contact us
Find us Here
Office No 20, 4th Floor, Al Moosa Tower 2,
Sheikh Zayed Road Dubai, United Arab Emirates P.O. Box 27614.
Get In touch
+971 4 824 4842
info@jsbincorporation.com