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Tuesday, March 28, 2023

Investor Visit Visa in the UAE does not require a sponsor

Investor Visit Visa in the UAE does not require a sponsor

Emad Eddin Khalil, Journalist

The UAE’s digital government is calling on investors from around the world to take advantage of the digital services offered by Federal Identity and Citizenship, Customs and Port Security (ICP), and the General Directorate of Residence and Foreigners Affairs in Dubai, where they can apply for a visitor visa to explore business building opportunities.

The government clarified that visitor visas allow foreign businessmen to enter the country without requiring a sponsor or host, explore entrepreneurial opportunities, and seek investment opportunities.

The government says visas are issued for a single trip and are valid for up to four months, including 60, 90 or 120 days.

According to the government, there are 3 conditions for obtaining the visa, which include that the investor is financially solvent to qualify as an investor, depending on the type of activity he plans to engage in, or that he possesses talent, ability or higher qualifications.

Investors must also perform professional work in their home country and must fulfill required financial guarantees, the government added.

The government also said three documents are required for the application, including a color personal photo, a copy of the passport and proof of eligibility for permanent residence.

According to the government, foreign investors can directly apply to obtain a visa through the ICP’s smart channel through 5 steps, including filling in the required data, attaching attachments, paying the prescribed fee, evaluating the service, and finally receiving the transaction through e-mail. -mail.

Applications will be rejected electronically after 30 days if they are returned due to insufficient data or failure to attach required documents, and if returned 3 times for any reason.

The government also said that if the visa holder is unable to enter the country within the stipulated period from the date of issuance of the visa, its validity can be extended by 60 days, but only once.

In this case, the issue fee and financial guarantee (if any) will only be refunded by credit card within a period not exceeding six months from the date of submission of the application.

These can also be refunded within a period not exceeding five years following the procedure by check or bank transfer (only to banks located within the UAE).

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