What Is The Cost Of Entrepreneur Visa In Mainland UAE?

Everybody likes to plant their business in Dubai because of its tax laws, which is why many foreigners are found in Dubai. You will find many people leaving their hometown and residing here for a long time for business purposes. If you have no idea how to get an entrepreneur visa, this blog can be a good guide. Here, you will learn about the entire process of getting an entrepreneur visa.

What Is An Entrepreneur Visa?

An entrepreneur visa is a tool that facilitates foreign investors to access, live, and be involved in any business formation in Dubai. Without it, you cannot get a permit for conducting any business operation. Foreign investment may involve few risks, but with high risk comes great returns.

The UAE ministry provides the entrepreneur visa for a specific period. The UAE consulate must recognise the visa issued by the concerning authority. Before applying for an entrepreneur visa in Dubai, the person needs to deposit a certain amount and fee for the visa. Each visa has a termination date which means you need to renew the visa after the visa expires.

An investor visa permits a foreign investor to enter, reside, engage in business activities, and exit a country. It is a pass that allows the investors to carry out various business activities. The entrepreneur has the right to cancel the visa if he faces losses while carrying his business activities. As a business owner, you need to avail of the entrepreneur visa to enjoy its associated benefits. Therefore, you should not delay applying for an entrepreneur visa if you have all the required documents.

Dubai economy is growing day by day and setting new records to break every year. It is considered a big business hub and the destination for the world’s most eminent organisation and many small-medium enterprises. The new entrepreneurs are looking for opportunities for Dubai mainland company formation, and all you need is a pass, a Dubai entrepreneur visa.

The UAE government creates business-friendly laws that attract foreign investment and makes laws that facilitate ex-pats to make considerable income through their organisation in Dubai. Therefore, you should get associated with a business consultant for business setup in Dubai Mainland.

Making Your Visa Application

First, pay your visit to the local typing centre for making your visa application. Make sure to draft the application without making any mistakes. Additionally, you can also make a partner visa application if you are the owner of 25 per cent of any company’s share.

Before reaching the application centre, carry all the essential documents. The officials of the immigration department will evaluate your application. If your application is accepted, you will receive approval over the email.

The Change Status Request

After completing the application process, you must customise the change status procedure. You can go with the change status process after getting the confirmation mail from the UAE concerning authority. If you count on a Mainland company setup Dubai business consultant, you can save yourself from this trouble.

Preparing For Medical Examination

You need to prepare for a medical examination, and it is a part of getting an entrepreneur Visa in the UAE. However, you need to complete the medical typing required for the medical screening. UAE officials will organise the medical examination, so you do not have to worry regarding it.

Emirates ID typing

The Emirates ID is an important pass that keeps you safe during your stay. Once your medical screening is done successfully, you can apply for Emirates ID typing. Both the local permit and golden visa must be attached with Emirates ID. Based on the application and business type, you may need fingerprint verification.

Types of Visas in UAE

Each type of visa provides a specific benefit to the user and has its limitation. You need to meet a few things to get the entrepreneur visa.

Entrepreneur Visa for a 10-Year Term

The foreign entrepreneur needs to show an investment plan worth AED 10 million for getting an investor visa for the tenure of 10 years. However, you can also apply for this kind of visa if you are the partner of a share of an old company worth AED 10 million.

You should bear in mind that this money should not be borrowed from any financial institution, and this investment should be maintained for up to three years. Less than this, you will not be eligible for applying for an entrepreneur visa. Apart from providing visas to a new start up, the UAE government also provides visas to people with great contributions and proficiency in fields such as science, healthcare, and technology.

Entrepreneur Visa for a 5-Year Term

This visa category is mainly for that new entrepreneur who makes a lot of investment in real estate. The investment amount should be up to AED 5 million, and the money should not be borrowed from any bank, and the business owner needs to carry the business operation for three years.

Apart from that, entrepreneurs and business owners with older projects worth AED 500,000 are also eligible for an entrepreneur visa. Some academically good students can also get this category of visa.

What is the Cost Required for Entrepreneur Visa in Dubai?

There are many types of fees involved for an entrepreneur visa that you need to make, including the entry permit, change status request. The entry permit cost can reach up to AED 1,000 to AED 1050. And for the payment required for a change status request can cost around about AED 580.

You need to not down in your mind that health evaluation tests, immigration charges and emirates ID are charged separately. Moreover, you need to spend some money on visa stamping, and the cost may be around AED 900. You can get help from the local Amer centre to get an entrepreneur visa in UAE.

So now you have come to know what is the actual cost of a start-up visa in Dubai. For further help, you can get in touch with the consultant of Dubai Business Set Up.