FREEZONE INVESTOR VISA-
The process to apply for the Freezone investor visa is simple, easy, and quick. The cost will vary depending on the Freezone company location, nature of business, and many other factors. UAE is the ideal location for growing any business and most investors choose a free zone because of the investor-friendly processes, tax-free regime, and steady economic growth. But the main reason is no compulsion from any local sponsor for the business.
Every Free Zone in the UAE has its own rules and authority for applying for an Investor visa.
Benefits of a free zone investor visa-
An investor visa for a Freezone company offers some incredible advantages to the holder of a visa-
- 100% foreign national ownership of the business with no local interference.
- No corporate tax
- Repatriation of profits and capital
- Opening a corporate bank account is easy
- Can sponsor family
- Validity of visa is long
Documents & Application for a Freezone investor visa-
If you wish to apply for a Freezone Investor visa, then it is a straightforward process. Follow these few simple steps:
1. First, you need to register and apply for the e-channel services by taking help from an authorized PRO business consultant or typing center. They will register your company by paying the necessary fees. register your company with these online services. This will help make the application process and registration process much faster and eliminate any manual work.
2. The next step is to apply for an entry permit which is valid for two months and will take around five to six working days. It will be mailed to your registered email address once it is ready. The Entry Permit can be issued if an applicant is outside UAE as well and there will be no extra costs involved. You will need to submit the fees of the visa and a guarantee deposit collected by the free zone authority you are applying in.
The documents required for an entry permit Freezone investor visa-
- Latest photographs with white background (mandatory). No white shirt or jewelry is permitted.
- Passport copy (preferably colored and clear) valid for up to 8 months.
- Valid trade license copies of your company.
- Valid Visa copy (if applicable) at present.
- Valid Establishment Card copy of the company.
- Share certificate copy is compulsory.
Please note; there may be more documents needed.
- The next stage is important for a free zone investor visa. It is the changing status or status adjustment which can be done either inside the country. This is a very popular option among entrepreneurs as all you have to do is submit your passport to immigration who will stamp and activate your investor visa. You can also exit the country and do the status change by flying to a neighboring country and re-entering back into the UAE. Then, the individual must present this visa to the immigration officer at the airport. The officer will stamp and activate the visa after checking its authenticity. But since it does not apply to all nationalities, check with the concerned free zone authority. The documents required include the entry permit and original passport copy.
- Next, all investors must undergo a medical fitness test blood test to check for infectious diseases. A chest X-ray will be done as well. First, you will need to do is to submit your application online with the help of a typing center. You can even opt for a VIP service to speed up the process and get your results in a few hours at an additional cost.
- After this, you have to visit a proper Medical Fitness Centre. The process can be completed within hours or within a few days. The documents required for the online typing request include-
- Copy of the Entry permit
- Original Passport
- Latest Photograph (with a white background)
The documents required during the medical test include- A Printed copy of the application (which will be given by typing center) and the original passport.
- Once you receive your medical test results, you will need to register and apply for your Emirates ID. This card is compulsory for all UAE citizens and has a lot of benefits as well. To apply for one, you need to visit an official ID authority to capture biometric details, like an eye scan and thumbprint and then the card is issued. The documents required for the emirates ID application include-
- Entry permit copy
- Original passport
7. The final process is the visa stamping where a visa stamp on the passport is required. Submit all the necessary documents to the immigration authority which takes around fifteen days after which your Freezone visa will be issued. The Immigration department will notify you through an SMS regarding your immigration approval. So, do not leave the country or book any flight unless you receive this official confirmation.