Golden Visa for Company Owners UAE and Entrepreneurs

The Golden Visa for Company Owners UAE is a safe visa that lasts for a long time. It helps business owners and entrepreneurs live and work in the UAE. With a 10-year visa, you can live with your family, own a business, and enjoy many tax benefits. The UAE is a great place for business with many chances to grow and secure your future.

Our business setup experts in Dubai help many entrepreneurs start their businesses with the Dubai entrepreneur visa. We guide you to make the Golden Visa process easy and safe.

This guide tells business owners and entrepreneurs all they need to know about the Golden Visa for Entrepreneurs Dubai. It answers questions about who can apply, how to apply, the benefits, and how to renew your visa.

What is the Golden Visa for Company Owners UAE and the Golden Visa for Entrepreneurs Dubai?

The Golden Visa for Company Owners and Entrepreneurs is a special long-term residency visa in the UAE. It allows business owners and entrepreneurs to live and work in the country for up to 10 years. 

This visa gives freedom to stay with family, own and run businesses, and benefit from many tax advantages. The UAE grants residency to investors who spend at least AED 2,000,000. 

Entrepreneurs with businesses generating a turnover in excess of AED 1 million per annum. Talented professionals working on the coolest projects. And people with extraordinary abilities, such as artists or key executives.

The visa is in line with the UAE’s goal of attracting talent across all sectors to help drive economic recovery and stimulate entrepreneurship. It’s a good alternative in the UAE for those seeking to immigrate, invest, and establish their businesses.

Why Choose The UAE For Business and Living?

If you’re a business owner who dreams of living and working as free as possible, the UAE has got the best countries for that.

Here’s why you should be in the UAE:

• No Taxes on Personal or Business Income: You are not taxed for the money you earn, take home, and invest in your businesses. It helps you to save and grow your money.
• Excellent Highways, Airports, and Services: The UAE has fantastic infrastructure when it comes to transportation and communication. When you are located in the Middle of Asia, Europe, and Africa, Easy access to rapid developing Global Markets. Large markets are accessible quickly by plane.
• Robust Environment for Businesses: The UAE is known for providing a platform for new ideas and businesses. The government makes it easy to comply.
• Safe and Comfortable Life: The UAE offers good schools, hospitals, clean cities, and a friendly culture for your family.
• Help for Startups: The government gives money, training, and special business zones to help new businesses start fast.

What is the Eligibility Criteria to Get the Golden Visa UAE?

For Business Owners:

• You must invest at least AED 2 million. This money can be used to start a new business or be invested in public projects approved by the government.
• If you own property, it needs to be worth AED 2 million or more. You can have a mortgage, but you need to show the mortgage papers as proof.
• Your company must be officially registered in the UAE. This can be in the mainland area or in special free zones where businesses operate. Your business must have enough money to be accepted by the government rules.
• Another option is to keep AED 2 million in a fixed deposit in a bank inside the UAE. This money must stay in the bank for the visa to be valid.

For Entrepreneurs:

• You need to own or be a partner in a small or medium-sized business that earns at least AED 1 million every year.
• You must get approval from the UAE business incubators (places that help new businesses grow) or the Ministry of Economy.
• If you started a new company or startup, and it was sold for AED 7 million or more, you can also apply. You need the proper clearances to prove this.
• You and your family are required to be medically insured while living in the UAE.

What is the Eligibility Criteria By Emirate?

Dubai

Applications are processed by the Dubai Land Department (DLD) and the General Directorate of Residency & Foreigners Affairs (GDRFA). UAE, and in particular Dubai, is famous for the fast and hassle-free online visa application for investors/business community.

Abu Dhabi

The process is carried out via the Abu Dhabi Residents Office (ADRO). Business approvals and health insurance verifications also have additional steps that can be more time-consuming.

Ras Al Khaimah

Ras Al Khaimah Economic Zone (RAKEZ) assists with business formation and issuing of residence visas, along with easy processing for the Golden Visa for Shareholders UAE in this Emirate.

Sharjah and Ajman

These emirates have their own specific criteria for their UAE Company ownership, residency, or business registration necessary to qualify for the Golden Visa. The following aren’t the same as Dubai and Abu Dhabi.

How to Apply for the UAE Golden Visa for Business Owners: Step–by-Step Process

Step 1: Get Your Documents Ready

Group together all of the important documents you’ll be needing, such as your passport, photos, and business papers (since sometimes you need a visa or residency permit in order to get health insurance), bank statements, and health insurance.

Step 2: Apply Online

Apply for a visa through official UAE authorities’ websites, such as ICP, GDRFA (for Dubai), or Dubai Land Department, to name a few.

Step 3: Complete Medical Exam and Biometrics

Visit a public health center for a medical fitness checkup. Then get your photo and fingerprints taken for your Emirates ID.

Step 4: Wait for Approval and Visa Stamping

The authorities will review your documents and application. Once approved, your passport will be stamped, and you’re going to get your residency permit or entry visa.

Step 5: Renew Your Visa Online Ahead of Its Expiry

Monitor the expiration of your visa and renew it online with new documents without penalty.

What Documents Are Needed to Apply For the Business Owners Golden Visa?

You will need:

• A Passport and an Emirates ID.
• Photos with a white background.
• Bank statements showing money.
• Business license and company papers.
• Property or investment proofs.
• Health insurance.
• Health certificates.
• Letters for applying as an entrepreneur for the Dubai entrepreneur visa.

Having these on hand makes the visa process go more quickly.

What is the Visa Time and Renewal for the Golden Visa for Entrepreneurs Dubai

Visa Duration

• It offers a 10-year visa for business owners. 

Renewal Conditions

• If you meet all the requirements, you may be able to renew your visa more than once.

Renewal Timeline

• Be sure to renew your visa via the internet no later than 6 months prior to its expiration to avoid fines.
• Loud conduct of business, adequate health insurance, and a medical fitness declaration.

Renewal Fees

• Pay the visa-renewal fees according to the system.

Renewal Process

• Start early to avoid fines.
• Send in the renewal applications online with all support papers.
• Pass a physical fitness examination at an approved clinic.

Travel Flexibility During Renewal

The one having a Golden Visa for shareholders UAE can spend longer times outside the UAE without forfeiting residency rights, if they fulfil renewal terms.

What is the Estimated Cost for the UAE Golden Visa for Business Owners

• The cost of the visa is between AED 5,000 and AED 11,500 based on the type of visa.
• The Biometric Services fee is AED 225 approx.
• And expert consultants may charge extra, a fee that varies widely.
• The approval time is usually between 5-15 business days.
• Other expenses can be medical checkups, an Emirates identity card, and attestation of documents.
• Rates may differ depending on the type of investment(property, business capital, bank deposit)

Planning for these costs avoids unpleasant surprises in applying.

What are the Advantages of Having a Golden Visa for Business Investors

• Business Ownership Freedom

Whilst in the UAE, you can entirely govern and control your own company without the assistance of an Emirati local sponsor.

• Family Sponsorship

You can sponsor your spouse, children (even if they’re over 18), parents, and domestic workers to reside with you in the UAE.

• Travel Flexibility

Travel to and from the U.A.E. without having to fear losing your residency.

• Tax Advantages

You pay no income tax on your salary or business earnings in the UAE.

• Priority Government and Banking Services

Enjoy faster access to government services such as visa renewal, easy bank loans and credit card approvals.

• Lifestyle Benefits

Business investors with Golden Visas get discounts with the Esaad Privilege Card, for example. It provides discounts on health care, education, housing and other goods and services.

Why Business Owners Prefer the Golden Visa UAE

• Long Stay for Business:

One can have a 10-year visa for business owners without leaving, by renewing it. This allows you to plan and scale your business with confidence.

• Meet Important Business People:

You receive invitations to special business meetings and gatherings where you can build networks of friends and partners who will support your growing business.

• Fast Help at Immigration:

When you travel or visit government offices, you get to skip long lines and get faster service.

• Buy Property More Easily:

The visa lets you buy houses or buildings in Dubai and Abu Dhabi with fewer rules to follow.

• Good Help for New Businesses:

If you start a new company, the visa gives you easier ways to set up and grow using special support zones.

• Extra Protection When You Travel:

If you travel outside the UAE, you can get help from the government in emergencies and support in difficult times.

What are the Investment Choices for the Golden Visa

• Real Estate Investment: You can buy property worth at least AED 2 million. This property may be a house, apartment, or land in the UAE. You can take a mortgage from a UAE bank, but you will need to finance a part of the money yourself.
• Invest in a Business: You can make an investment of AED 2 million or above in your company based in the UAE. You may either launch a new business or invest in an existing one. The company must be licensed in the right way.
• Fixed Deposit with a bank: A fixed deposit of AED 2 million can be maintained in the UAE. This money has to remain in the bank for many years to be eligible.
• Other Options: Some investors may instead provide evidence of paying taxes on a certain amount of business profits each year to be eligible.

If you want to keep your Golden Visa, you must maintain your investment for at least three years. It is a visa that allows you to reside in the UAE and for your money to work for you.

What are the Common Mistakes to Avoid While Applying for the Golden Visa UAE

• Missing or Wrong Papers:

Your visa will not be expedited – if you are incomplete or inaccurate on your documentation.

• Not Showing Full Money Proof:

You’ll need to provide documentation of all your financial records to demonstrate you are eligible.

• Closing Fixed Deposits Too Soon:

Do not break your bank fixed deposits before your visa gets activated or renewed because you may risk losing the visa.

• Not Renewing on Time:

Only if you forget to renew your visa before it expires will you get fined, and perhaps lost residency.

• Breaking Laws or Evading Taxes:

Falling afoul of the regulations or failing to make certain payments can cause your visa to be cancelled.

Our professionals at Golden Visa Services in Dubai, assist you through the whole process of getting a Golden Visa making it hassle free when is comes to paper work, appointments & government work. They help speed up approval and reduce stress.

Experts have 12+ years of experience and help with legal setup, visas, health insurance, and more.

FAQs

Q1: Can I gain the Golden visa for company owners UAE if I own part of a business?

Yes, you can obtain a UAE Golden Visa for Partners. If you and your partner own a business together, then both of you must hold at least AED 1 million in valid shares.

Q2: What is the duration of a Golden Visa application?

After submitting all the documents and biometrics, it usually takes 5 to 15 working days for your visa to get approved.

Q3: Can entrepreneurs who set up a company outside the UAE apply?

No, the business needs to be registered or approved by the UAE business incubators or the Ministry of Economy in order to meet this requirement for a visa application.

Q4: Should I have health insurance to obtain a Golden Visa?

Yes, you and your family are required to have valid health insurance that provides cover for medical treatment in the UAE at the time of application.

Q5: If I decide to sell my property investment, does this mean my Golden Visa is suspended?

Selling an investment property before the required period, yes, it can take off your Golden Visa unless you satisfy other investment requirements.

Conclusion

The Golden Visa is a rare opportunity to live and work in the UAE for 10 years. It gives a complete UAE company ownership residency package at lower costs. It provides you and your family with safety, freedom, and numerous valuable advantages. You do not need a local sponsor and can have full ownership of the business. You can get around easily and save money because there is no income tax.

The UAE is safe and full of opportunities for growing your business and living a good life. It can also be easy to get your UAE Golden Visa for Partners with the right help. This visa can bring a happier future for you and your family members in the UAE.

Contact Business setup in Dubai experts for a more streamlined process!