Conditions and criteria included; a visit-visa without the host
UAE: Investors from across the world are advised to apply for a visit visa to explore opportunities for setting up enterprises in the UAE since this sort of visa doesn’t require a host or guarantor.
The Federal Authority for Identity and Citizenship, Customs and Ports Security (ICP), and the General Directorate of Residency and Foreigners Affairs Dubai have all made digital services available to investors from all over the world, according to a statement published on the UAE’s Digital Government website.
The visit visa allows foreigners to enter the country without the need for a sponsor or host, allowing them to investigate investment prospects. The UAE Digital Government intends to inspire investors and businesspeople to investigate business and investment prospects in the UAE.
The visit visa is granted for a single journey lasting up to 4 months, including 60, 90, or 120 days.
There are three requirements, according to the authorities, to qualify for a visit visa to look into investment prospects. They include the foreigner or investor needing to be financially stable, talented, or a professional in the potential business in his own country.
Three documents are necessary to apply for a visit visa, according to the authorities. This includes a coloured personal photograph, a copy of the passport, and evidence of permanent residency eligibility.
By using the ICP’s smart channels, foreign investors can apply immediately for visas. Filling out the necessary information, attaching files, paying the relevant costs, reviewing the service, and getting the transaction via email are the processes.
If the application is incomplete in data or failed to attach the required files, an electronic rejection will be sent out after 30 days.
The validity of the visa may be extended once for 60 days if the holder could not enter the country within the time from the date of issuance. In this scenario, only the issuance fees and any financial guarantees (if applicable) will be reimbursed either by a credit card refund within six months of the application date or through a check or bank transfer for banks exclusively situated in the UAE, within a maximum period of five years.
