Do I need to have a UAE visa to make investments in Dubai? - ZAWYA

Question: Do I request to person a UAE residency/business visa to put successful Dubai? Could you delight explicate if I tin marque the investments from abroad?

Response: Pursuant to your queries, arsenic you mean to put successful Dubai, the provisions of Law No. 7 of 2006 Concerning Real Property Registration successful the Emirate of Dubai (the ‘Dubai Real Property Registration Law’) and Federal Decree Law No. 32 of 2021 connected Commercial Companies (the 'Companies Law') shall beryllium applicable.

Expatriates whitethorn put successful movable and immovable properties and/or entities successful Dubai. Further, determination is nary request to person immoderate benignant of residence visa oregon visit/tourist visa for an expatriate capitalist to invest. The capitalist may, astatine immoderate time, get a residency visa from antithetic types of visas disposable for investors.

An expatriate whitethorn put successful freehold oregon leasehold properties successful Dubai. This is successful accordance with Article 4 of the Dubai Real Property Registration Law, which states: “The close to ain Real Property successful the Emirate shall beryllium restricted to UAE nationals, nationals of the Gulf Cooperation Council States, companies afloat owned by these nationals, and nationalist associated banal companies. Subject to the support of the Ruler, non-UAE nationals whitethorn beryllium granted the pursuing rights successful the applicable areas determined by the Ruler:

a. Freehold ownership of Real Property, without clip restrictions; and

b. Usufruct oregon lease rights successful Real Property for up to 99 years.”

Further, an expatriate whitethorn besides acceptable up caller entities oregon put successful existing ones. This is successful accordance with Article 2 of the Companies Law, which states: “The contiguous Decree-Law aims to lend to the improvement of the moving situation and the State’s capabilities and economical presumption successful accordance with planetary changes arsenic to regulating companies, particularly those related to regulating Governance rules, protecting the rights of shareholders and partners, supporting the travel of overseas investment, and enhancing the societal work of companies.”

It is not mandatory to beryllium physically contiguous successful Dubai and the UAE to marque immoderate investments. You whitethorn put from overseas by issuing a powerfulness of lawyer to immoderate idiosyncratic of your prime who is contiguous oregon volition beryllium contiguous successful the UAE. With this powerfulness of attorney, the authorised idiosyncratic tin motion each documents related to each investments you mean to make.

The said powerfulness of lawyer should beryllium duly notarised successful the state of your residency. Thereafter, it needs to beryllium legalised by the Ministry of Foreign Affairs and the UAE embassy. Thereafter, it indispensable beryllium attested by the Ministry of Foreign Affairs and International Cooperation successful the UAE. Upon the completion of these attestations, the powerfulness of lawyer indispensable beryllium legally translated to Arabic. Finally, the ineligible translation needs to beryllium attested by the UAE Ministry of Justice.

It is recommended that you question ineligible proposal from a counsel based successful the UAE.