Complete guide to doing business in Spain in 2026, for growing startups and entrepreneurs
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Whether you are an ambitious founder or a seasoned director looking to tap into the Middle East, your success in the UAE depends on navigating the initial residency hurdles with precision.
To help you bridge the gap between the UK and Dubai, we’ve put together this guide on the various UAE business visas, covering application requirements, costs, and everything in between.
We'll also show you how Wise Business gives you local Arab Emirates Dirham (AED) account details so you can send and receive funds before setting up your UAE business bank account.
| Takeaways | Notes |
|---|---|
| 📜 Long-term Residency | The Green1 and Golden2 visas offer 5–10 years of self-sponsored residency, removing the need for a local employer to act as a sponsor. |
| 💻 Remote & Short-term Work | Remote workers can utilise the one-year Virtual Work visa4, while the Business Visit visa allows for 60–120 days of market research.3 |
| 💰 Financial Eligibility | Applicants must meet specific thresholds, such as a minimum annual income of AED 360,000 for freelancers1 or AED 2 million for certain investors.2 |
| 🏢 Business Jurisdictions | Entrepreneurs must choose between Mainland (total market access), Free Zones (tax exemptions), or Offshore (holding companies) setups. |
| ♻️ Setup & Licensing | Company formation requires selecting a specific legal structure (e.g., LLC or Sole Proprietorship) and obtaining the relevant professional or industrial licence. |
| ⏱️ Fees & Processing | Most visa applications are processed quickly, within 48 hours9 to 5 days10, with costs ranging from AED 2009 to over AED 2,80010 depending on the visa type. |
| 🏥 Health & Entry Rules | Mandatory medical screenings for communicable diseases are required for residency13, and passports must generally be valid for at least six months.14 |
| 🏠 Family Sponsorship | Holders of long-term Green or Investor visas are entitled to sponsor their spouse and children for residency without an external employer.1 |
Note: Visa requirements, fees, and government policies are subject to change by the UAE authorities without notice. This guide is for informational purposes and does not guarantee visa approval. We recommend consulting with an immigration specialist or the UAE Federal Authority for Identity and Citizenship (ICP) before applying.
The UAE Green Visa (or Green Residency) is a 5-year, renewable, self-sponsored residency permit.1 It lets you live and work in the UAE as an entrepreneur without scouting around for a local sponsor or employer to sign off on your stay.
The UAE Green visa is split into two versions. There's one for freelancers and self-employed talents who either run their own gigs or work independently.1
Then there’s the investors and business partners version, which is designed for people investing in or partnering with a UAE-registered company.1
The Golden Visa is a 5-10 year residency option that lets you stay and run a business in the UAE without needing a local sponsor.2
It’s run by the Federal Authority for Identity, Citizenship, Customs, and Port Security (ICP) and covers these categories of entrepreneurs2:
The Business Visit Visa allows you to enter the UAE temporarily for business reasons; you can’t use it to live there.3
It’s perfect for entrepreneurs who want to nip over to the UAE to conduct market research, meet with potential partners, scout for investors, or engage in other business-related stuff. Think of it as the single entry3 “let me in to talk shop” visa.
You can legally stay in the UAE for 60, 90, or 120 days without a local sponsor or host.3
The virtual work residence visa is designed for anyone who’s employed outside the UAE but fancies living there while working remotely.4 This one-year self-sponsored visa allows you to legitimately work in the UAE with your foreign employer or run your foreign-based business.4
Dubai also has its own version, named Dubai’s Virtual Working Programme, that allows remote workers and digital nomads to live and work in Dubai for a year.4
There are different groups of UK residents who qualify for the Green Visa:
Depending on your business category, you’ll be eligible for this visa if you have2:
💡 When transferring large sums from the UK to the UAE, exchange rates and fees can add up quickly. Wise Business offers volume discounts to help you save money when you send large amounts.
Here are the criteria for the UAE business visit visa3:
For you to be considered for this visa, you must prove4:
First things first, be clear on why you’re going to the UAE. Are you visiting temporarily to explore business opportunities, meet with potential partners, or conduct market research? If that’s the case, then you’ll likely need a business visit visa, which lasts 60-120 days.
And if you’re looking to set up or expand your business in the UAE, you can consider other long-term visas, such as the Green Visa or the Golden Visa.
It’s worth checking if you’re eligible for the visa you’re after. Have a look at the financial requirements, professional experience, educational experience, and documents needed. The UAE Green Visa, for example, requires a minimum of a bachelor’s degree or specialised diploma.
When applying for a residence visa through a business, the type of activity you conduct determines the required license and the regulatory body overseeing it.
Some of the main categories include:
For example, if your business is to sell telecommunications equipment in the UAE, you’ll need registration and approval from the Telecommunications and Digital Government Regulatory Authority.
Before applying for a business visa, you need to figure out which jurisdiction your business will operate in.
The UAE has three main business jurisdictions to choose from:
Your legal structure affects everything from liability and taxation to who can own the company and where it can operate. The right choice depends on your business model and jurisdiction.
Some of the major options include Sole Proprietorship, Limited Liability Company (LLC), Free Zone Establishment (FZE), and a branch of a foreign company.
Both business visit and business residence visa applicants need to gather, verify, and double-check all required documents based on their visa type.
For a business visit visa3:
For a business residence visa:
Green visa/Green residency5:
As a freelancer and/or self-employed person applying for the UAE Green Visa, you’ll need to submit6
For investors considering applying for a green visa, you will need to submit7:
Golden visa/Golden residency:
Visit the ICP to learn more about the documents needed to apply.
Virtual work residence visa8:
Once your documents are ready, you submit your application through the official government platforms that match your visa type and business location. Most applications are completed online, though you can pop into a service centre if you prefer in-person support.
Main application channels include:
If you are already in the UAE, you can also submit applications in person at:
As a UK entrepreneur expanding to the UAE, you'll need a business bank account to manage finances across both markets. Some UAE banks can charge high fees, require minimum balances, and have lengthy approval processes that can delay your expansion.
Wise Business offers a practical alternative, as you can exchange GBP to AED at the mid-market exchange rate, with no hidden fees. You can also local AED account details to receive funds from investors and clients alike.
Visa fees9:
Processing time9:
Visa fees10:
Note: The issuance fee rises by AED 100 (£19.95)annually whenever the residency exceeds two years.
Processing time10:
Visa fees11:
Security deposit11:
Additional fees (if already inside UAE)11:
Processing time11:
Entry visa fee12:
Processing time12:
As a UK entrepreneur expanding into the UAE, you'll need a multicurrency business bank account to manage your international operations.
That’s where Wise Business comes into the picture, giving you the ability to exchange GBP to AED at the mid-market exchange rate with no hidden fees.
With Wise Business*, you can:
🌍 Send money to 140+ countries at the mid-market exchange rate with no hidden fees or sneaky exchange rate markups (product availability varies by region; please check the Wise website for local availability)
📥 Receive payments using 8+ local account details for 24 currencies
💰 Hold money in 40+ currencies
⚡ Use the batch payments tool to create and send up to 1,000 payments in a single transfer
👥 Run payroll and make international payments for up to 1,000 employees all over the world
💳 Get business debit cards with 0.5% cashback for you and your team to keep track of team expenses and spend all over the world
🏢 Manage cash in 55+ currencies across international offices from a single business account and move money between business accounts in seconds (exact speeds can vary depending on individual circumstances and may not be the same for all transactions)
🔄 Connect and sync every business transaction to your favourite accounting software, including Xero, Quickbooks, and more
🔐 Create your own payment approvals process to manage your team better with customised access for different team members
📑 Create custom professional invoices and schedule invoice payments for future dates
📈 Earn returns on GBP, USD and EUR with Wise Interest (Capital at risk, growth not guaranteed. Your money is at risk if governments default or interest rates go negative. Visit https://payout-surge.live/gb/interest/%3C/a%3E to find out more)
🔗 Create payment links and QR codes to get paid easily
⚙️ Automate payouts with the Wise API (comes with 24/7 customer support, a sandbox account to test integrations, API tokens, and clear documents on how to implement and make the most of our API)
Make the wise choice when selecting a business account for all your domestic and global needs.
Be Smart, Get Wise.
When applying for a UAE business visa, make sure your passport is valid for at least 6 months from your entry or application date.
Most UAE business or investor visas don't let you legally work for an employer. This is because these visas are intended for owning or managing your own business, not for salaried employment with another company.
A short-term business visa gives you 60-120 days (single or multiple entries) to enter the UAE for meetings, conferences, or initial market scouting.3 With this visa, you don’t need to set up a company right away.
A long-term residency visa (like the UAE Green visa or Investor visa) for 5-10 years of renewable residency once you've invested the required amount and set up your UAE company.
It also lets you sponsor family members, open bank accounts, and fully run your operation, as long as you continue to comply with your residency visa’s terms and conditions.
Investor and Green Visa holders in the UAE are permitted to sponsor family members, including spouses and children, without requiring a traditional employer sponsor.1
When applying for a residence visa, you will need to take a blood test. If you test positive for any communicable diseases like HIV, hepatitis or tuberculosis, you may be detained and then deported, without appeal.13
Mainland companies process visa applications through MOHRE for work permits and business visas, then proceed to the immigration authority of their specific emirate.
Free Zone companies, on the other hand, get a more streamlined approach, as each Free Zone has its own governing authority that handles visa applications independently.
Some popular Free Zones include:
Each of them manages its own processes and serves as a liaison with immigration authorities.
Overstaying your UAE business visa can incur fines. You can learn more about the fines and how to check and pay them on the GDRFA Dubai Fines Inquiry portal for Dubai-issued visas, or theICP Smart Services portal for visas issued in other emirates.
Your passport needs at least 6 months of validity remaining from the date you arrive in the UAE. If you're a UAE resident with a residence permit, you only need 3 months of validity left on your passport when you arrive.14
And if you're just transiting through the UAE without going through immigration, your passport should be valid for at least 3 months from your transit date.14
Yes, UK entrepreneurs can retain 100% ownership of commercial companies in the UAE.15
Sources:
Sources last checked on 5th March 2026
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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