Dubai’s continuously flouring economy and favorable business environment are attracting more entrepreneurs to start business in Dubai. It also attracts foreign investors who are looking for business opportunities in the UAE through partnerships.
If you are keen to start a new business setup Dubai, note that there are other legal requirements that you need to accomplish aside from business permits and licenses. Depending on your business circumstances, you may need to apply for a partner visa or investor visa to legally conduct any business in Dubai or the UAE if you are not familiar with the requirements and legal processes to acquire a visa or business permit, it is ideal that hire the best PRO services in Dubai to ensure you accomplish everything without delay.
What is a Partner or Investor Visa?
The Investor Visa or Partner visa is granted to foreign nationals who:
a.) Owns a business or holds shares in an existing business.
b.) Want to start their own business or invest in an existing business in Dubai.
This visa grants the holder the right to reside in Dubai or the UAE. They may also exit or enter the emirates as they wish for the duration of the visa.
Aside from residing and being able to conduct business in Dubai, the holder of the Investor Visa usually becomes a tax domicile of the UAE and is not taxable by the country of their nationality. This allows investors to reallocate their resources for more important business setup Dubai cost or other investments. However, this exemption is not applicable to all countries or may be subject to other regulations of the visa holder’s home country.
What is the difference between a Partner Visa and an Investor Visa?
An investor visa is granted to individuals who own businesses in the free zone or those who hold professional licenses.
A Partner visa is granted to owners of limited liability companies or foreign nationals who are business partners in Dubai.
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