The UAE and Iran have had good commercial ties for quite some time now. As a result, a lot of Iranian entrepreneurs and businessmen have chosen Dubai as the destination for their startups and businesses. To facilitate and encourage this, the government of the UAE provides residency visas for Iranians who have obtained their business trade license.
In addition to this, there are dedicated facilities for Iranians like banks, schools, hospitals, etc.
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Trade Relationship between UAE and Iran
The UAE has continued to have a good trade relationship with Iran for almost a decade now. In addition to this, trade relation is crucial for Tehran. This is because, according to the author Banafsheh Keynoush, 97% of the GCC exports to Iran in 2013 were done by the UAE.
On a similar note, the total Iranian investment in the UAE is estimated to be around USD 200 billion. Continuing down the line, the trade exchange between the UAE and Iran reached USD 12.9 billion in 2017.
The UAE has continuously remained the top business partner of Iran even today. Both the countries are members of several important international trade alliances including the Eurasian Economic Union, Ocean Rim Association, and China’s Belt and Road Initiative.
In addition to this, the port in the UAE helps Iran connect with the international market at the lowest rate. All these combined together make UAE the top destination for Iranians who are seeking lucrative opportunities through the UAE residence visa.
How Can Iranians Apply for UAE Residency Visa?
Iranians can move to the UAE in several ways. This will depend on the type of residency permit you can apply for. If you are confused as to which permit you will be allowed, you can contact Company Setup experts to help you out.
However, keep in mind that the UAE does not offer green cards or permanent residency, unlike some other countries. Recently, they have introduced the Golden Visa that offers 5 years and 10 years of residency.
Here are the visas through which Iranians can enter the UAE:
1. Company Formation in Dubai
The first and easiest way to enter the UAE for nationals from any country is through company formation in Dubai. This is because the government of the UAE is on a long-term plan of changing the economic focus of the country from the oil and gas industry.
As a result, you can easily obtain a 3-year residency visa after you obtain the trade license in Dubai. In addition to this, you can also sponsor the visas of some of your close relatives and employees. Moreover, you can obtain a Golden Visa if you meet the capital criteria set by the government of the UAE.
2. Employment Contract
If you get an employment opportunity in a UAE-based company, then you can obtain a two- or three-year residency visa. Alternatively, you can ask your employer to sponsor your visa so that you can move to the UAE and work for them.
This is possible because the government of the UAE allows employers to sponsor several visas depending on the size of the office space they have acquired for their business.
3. Property Investment
Last but not the least, Iranians can invest in real estate inside the UAE and be eligible for visas. To clarify, the length of the visa will depend on the amount you have invested in the country.
In addition to this, you can also obtain the Golden Visa, if your investment meets the requirements set by the government. However, keep in mind that the amount you are investing cannot be loaned.
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Application Process of Dubai Residency Visa for Iranians
Even if there is a UAE Embassy in Iran’s capital Tehran, you cannot apply for a UAE visa from there. This is because, Iranians can receive their visit visa from a travel agency, or a UAE-based airline company. In addition to this, they can also obtain a visa from a hotel in the UAE under the condition that they avail the hotel’s services during their visit.
Here is the application process Iranians need to follow to obtain their residency visa:
- Prepared the required documents.
- Apply for an immigration security approval and obtain the entry permit.
- Apply for the residence visa.
- Pay the required fees.
- Avail of your Emirates ID by getting your visa stamped.
Documents Required for Dubai Residency Visa for Iranians
You need to provide some mandatory documents to the government when applying for the visa. This is because these documents are required for regulatory purposes. In addition to this, these documents will help you seek legal assistance in case of any disputes will inside the country.
Here are the documents that you will be expected to provide when applying for a UAE residency visa for Iranians:
- A copy of your passport.
- Two passport-sized photos were taken in adherence to the UAE guidelines.
- Original entry visa with one of its copies.
- The proof of the sponsor’s UAE residency.
- Copy of your business trade license.
- Copy of your establishment card.
- Copy of your EJARI and tenancy contract.
- The filled-up application form.
Dubai Company Formation Process for Iranians
People from all over the world moves to Dubai for setting up their businesses. As we have mentioned before, a lot of Iranians have chosen the UAE as the destination for their investments. This is because as an Iranian, you can easily start a business here.
However, if this is your first time starting a business, then it is highly suggested that you seek assistance from Company Setup professionals.
Here are the steps you need to follow in order to setting up a business in Dubai:
- Choose your business activities
- Select an economic jurisdiction
- Define a company structure
- Obtain the initial approval
- Register a trading name
- Rent an office space
- Obtain the external approvals
- Obtain the trade license
How can Company Setup Consultants help you?
If you intend to start a business and obtain the UAE residence visa from anywhere in the world, but you do not know where to get started then you are in the right place.
Company Setup Consultants have started numerous businesses all over the UAE and helped countless people obtain their UAE residence visas. Contact us today and hit the ground running.
For further information and assistance on how Iranians can start company in Dubai, UAE . To Speak with our Experienced Business Consultants for further information and assistance, call us at +971582595164. Send a WhatsApp Message for Chat Query on +971 582595164 or email us at info@companysetup.ae.
