Navigating Visas for Dubai: Which Option is Ideal for Who?
Dubai, a city known for its economic opportunities, modern infrastructure, and booming economy, offers a variety of visas for professionals, entrepreneurs, and investors. Our German-language service and news portal brings you this comprehensive guide on the visas available for those looking to start a business in this vibrant city.
For those planning to start a business in Dubai, a mandatory medical examination is needed before the final visa is issued. The work visa for starting a business is usually issued for two years and can be renewed. However, for those who don't want to renew their visa regularly, the Golden Visa is an attractive option. This visa allows investors, entrepreneurs, and highly skilled professionals to live in Dubai for ten years without a sponsor.
Property buyers can qualify for the Golden Visa program by investing two million AED (around 500,000 euros) in Dubai. The Golden Visa was introduced to mitigate the economic impacts of the pandemic, which reduced the UAE’s GDP by 11 percent in 2020.
Dubai offers several visas, including the Golden Visa, for high-level executives, engineers, doctors, educators, IT experts, investors, entrepreneurs, and freelancers. The Silver Visa is also available for investors, entrepreneurs, highly skilled workers, freelancers, and outstanding students.
Prof. Dr. Christoph Juhn, tax expert and managing partner of JUHN Partner law firm, explains that there is no one-size-fits-all solution for visas, as different paths depend on professional situation, financial capabilities, and personal goals.
The classic work visa is the most common choice for German expats, but job loss or change can lead to complications and strict monitoring by authorities. Interested parties can find more information about the Golden Visa on the YouTube channel of the law firm JUHN Partner.
It is crucial to note that anyone who wants to stay in Dubai for longer than 90 days needs a corresponding visa. The country cannot be left during the visa process, so at least two weeks of stay should be planned. The total cost for the process of starting a business and obtaining a work visa in Dubai is approximately 2,500 to 3,000 euros. Without a valid residence permit, it is not possible to live or work legally in the United Arab Emirates (UAE).
Dubai offers a dynamic environment for academics, creatives, and startup founders, with excellent quality of life and diverse career opportunities. Entrepreneurs in Dubai can start a business and apply for a work visa through their own company, requiring a business license.
According to a study by Henley & Partners, 6,700 millionaires chose the Emirates as their new home last year alone, highlighting the city's growing appeal for professionals, entrepreneurs, and investors.
In conclusion, Dubai presents numerous opportunities for those looking to start a business. With its attractive visas, thriving economy, and modern infrastructure, it is an ideal location for those seeking a new venture. However, it is essential to carefully consider the different visa options and plan accordingly to ensure a smooth transition.
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