The UAE has long been a global hub for business and investment. It attracts entrepreneurs and skilled professionals from around the world. To further improve the process for investors and business-minded individuals, the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) introduced the UAE Business Opportunities Visa.
This visa allows individuals to explore investment opportunities in the UAE without requiring a local sponsor. Thus, it offers a seamless entry into the region’s thriving economy.
What is the UAE Business Opportunities Visa?
The UAE Business Opportunities Visa is designed for investors, entrepreneurs, and business financiers who are seeking to assess investment potential in the UAE.
First introduced in 2022 as part of the UAE’s revamped visa system, this visa provides flexible entry options and durations personalized to the needs of business professionals.
Key Features:
- Available as single-entry or multiple-entry, depending on eligibility.
- No UAE-based sponsor required.
- Validity options of 60, 90, or 120 days.
- Issued by the ICP, covering Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, Fujairah, and Umm Al Quwain.
How to Apply for the Business Opportunities Visa
The application process for the business opportunities visa is straightforward and can be completed online through the ICP’s smart services portal or via registered typing centers in the UAE.
Steps to Apply:
1. Visit ICP’s smart services portal: smartservices.icp.gov.ae
2. Go to ‘Public Services’ and select ‘Exploring Business Opportunities’.
3. Choose your desired visa duration:
- 60-day visa (Single Entry – Search for Investment Opportunities)
- 90-day visa (Single Entry – Search for Investment Opportunities)
- 120-day visa (Single Entry – Search for Investment Opportunities)
4. Click ‘Start Service’ and fill out the application form, including:
- Personal information (name, contact details, passport details, and qualifications)
- Identification information (UID number, if applicable, and preferred Emirate for visa processing)
- Address details (UAE and international address)
5. Upload the required documents (see below).
6. Review and submit your application, followed by payment processing.
7. Track your application using the reference number provided upon submission.
Required Documents
To complete the application, ensure you have the following documents:
- Valid passport copy
- Proof of address (hotel booking or rental contract if staying with a friend/relative)
- Recent passport-sized photo
- Certified bank statement
- Health insurance coverage
- Attested qualification certificate
- Return ticket
Note: Mandatory and optional documents may vary based on the information provided in the application.
Visa Fees and Cost Breakdown
The cost of the Business Opportunities Visa depends on the duration selected:
For 60 Days:
- Request fee: Dh100
- Issue fee: Dh200
- Security deposit: Dh1,025
- E-services fee: Dh28
- ICP fee: Dh22
- Smart services fee: Dh100
- Visa insurance fee: Dh80
- Total: Dh1,555
For 90 Days:
- Request fee: Dh100
- Issue fee: Dh300
- Security deposit: Dh1,025
- E-services fee: Dh28
- ICP fee: Dh22
- Smart services fee: Dh100
- Visa insurance fee: Dh100
- Total: Dh1,675
For 120 Days:
- Request fee: Dh100
- Issue fee: Dh400
- Security deposit: Dh1,025
- E-services fee: Dh28
- ICP fee: Dh22
- Smart services fee: Dh100
- Visa insurance fee: Dh120
- Total: Dh1,795
Important Notes
- Issuance fees, health insurance fees, and security deposits are refundable only if the application is rejected. Refund details will be available in the financial receipt.
- Incomplete applications will be automatically rejected after 30 days.
- Applications returned three times due to missing documents will also be canceled.
Why Consider the UAE Business Opportunities Visa?
The UAE is a global business powerhouse, offering an investor-friendly ecosystem, tax incentives, and a robust infrastructure. This visa provides a golden opportunity for international entrepreneurs to assess market potential without long-term commitment.
Benefits of the Visa:
- Explore multiple investment sectors such as real estate, technology, tourism, and finance.
- Flexible stay durations to conduct research and business meetings.
- No local sponsorship required, ensuring independence.
- Access to UAE’s top-tier business network and resources.
Conclusion
For investors and entrepreneurs eyeing the UAE’s dynamic business landscape, the Business Opportunities Visa is the perfect entry point. With a simple application process, flexible stay durations, and no sponsorship requirement, it offers a hassle-free way to explore investment prospects in the region.
Whether you’re considering setting up a new venture, expanding an existing business, or simply testing the waters, this visa provides the ideal foundation for your journey into the UAE’s thriving economy.
Start your business exploration today and take advantage of the limitless opportunities that the UAE has to offer.
