Is it possible to change a residence visa from a company-sponsored visa to an investor visa after investing in real estate in Dubai?

To apply for a JAFZA license for a consultant business in Dubai, it is necessary to provide specific information. This includes the business activity intended for registration under the company license, the number of shareholders involved, the nationality of the shareholder(s), and the number of resident visas required under the company license. This information is essential for the licensing process and ensures compliance with local regulations.

The e-trader license can be obtained through the Department of Economic Development (DED) in Dubai. This license is designed for individuals engaging in e-commerce activities and provides a legal framework for online trading within the emirate.

Opening a bank account in Dubai as a non-resident is subject to specific requirements set by banks. Typically, a minimum deposit is required, which varies among banks and is assessed on a case-by-case basis. The bank will require the minimum amount to be reflected in the bank statement balance, and an equivalent amount must be deposited into the account after it has been opened.

In the UAE, a residence visa functions as a work visa. To obtain this, an individual can apply for a freelance license, which grants eligibility for a visa. Alternatively, a resident visa can be acquired through sponsorship by a company, even without formal employment or salary from that company.

An e-trader license allows non-GCC expats to engage in the sale of professional services via social media platforms. Permissible activities include, but are not limited to, maintenance services, repair services, event management, and photography services. However, the sale of physical products is not allowed under this license.

Changing a residence visa from a company-sponsored visa to an investor visa after making a real estate investment in Dubai is feasible. The process involves meeting specific criteria set by the relevant authorities, including proof of investment and compliance with legal requirements. It is advisable to consult with a qualified expert to navigate the necessary steps and ensure adherence to UAE regulations.

The types of companies that can be established in Dubai are influenced by the selected business activity and the specific industry requirements. Available options include free zone companies, which offer benefits such as 100% foreign ownership and tax exemptions; mainland companies, which allow for broader market access and the ability to operate within the local economy; and offshore companies, which are typically used for asset protection and tax optimization. Each type has its own regulatory framework and advantages, making it essential to evaluate the business goals before making a decision.