The Emirates Investment Authority is one of the most important bodies that contribute to enhancing the investment environment in the United Arab Emirates. The Authority plays a pivotal role in attracting foreign investments, by providing support and guidance to international investors wishing to enter the UAE market. The Authority’s mission includes providing legal advice, facilitating administrative procedures, and providing comprehensive information about investment opportunities available in various sectors. The Authority also seeks to facilitate the process of establishing companies and provide an encouraging work environment for foreign investors, which enhances the UAE’s position as a leading investment destination in the region and the world. Through this article, we will discuss the mission of the Emirates Investment Authority for foreigners .

The mission of the Emirates Investment Authority for foreigners

The mission of the Emirates Investment Authority for foreigners

The mission of the Emirates Investment Authority for foreigners is to facilitate and stimulate investment in the Emirates . The Authority focuses on providing integrated services to foreign investors, including providing advice on investment opportunities, facilitating legal and administrative procedures, and providing the necessary information about the UAE market. The Authority also seeks to remove obstacles that investors may face by improving the business environment and simplifying procedures. Through this mission, the Authority aims to attract foreign capital and promote economic growth, which contributes to strengthening the UAE’s position as a global economic and investment center.

The Emirates Investment Authority also works to support investors by providing accurate data on economic policies and opportunities in various sectors, such as technology, energy, industry, and financial services. The Authority also provides continuous support through coordination with other government agencies to facilitate procedures and provide a stable and attractive investment environment. The Authority aims to build strong relationships with foreign investors and promote economic partnerships that support sustainable development and create new job opportunities. Thanks to these efforts, the Authority contributes to achieving the economic development goals of the UAE and enhancing its competitiveness at the regional and international levels.

Procedures for encouraging investment by the Emirates Investment Authority

The Emirates Investment Authority follows a set of effective measures to encourage foreign investments in the country, including:

1. Providing advice and support : The Authority provides comprehensive advice to investors on available investment opportunities and helps them understand the UAE market, which contributes to making informed investment decisions.
2. Simplifying procedures : The Authority seeks to simplify and speed up administrative procedures and licensing, which contributes to facilitating the process of establishing companies and avoiding complications that investors may face.
3. Providing transparent information : The Authority provides clear and transparent information about economic policies, regulations, and market requirements, which helps investors plan and make better decisions.
4. Providing investment incentives : The Authority provides various incentives, such as tax exemptions, reduced fees, and facilities for foreign ownership in some sectors, to attract investments.
5. Coordination with government agencies : The Authority works to coordinate with other government agencies to facilitate administrative transactions and provide the necessary support to investors.
6. Strengthening infrastructure : The Authority supports the development of infrastructure necessary for investment needs, including commercial and technological facilities.
7. Organizing investment events : The Authority organizes investment events and forums that bring together local and international investors to exchange ideas and build business partnerships.

Through these measures, the Emirates Investment Authority seeks to create an attractive and encouraging investment environment that enhances economic growth and supports sustainable development in the country.

The following facilities are provided by the Emirates Investment Authority:

The Emirates Investment Authority offers a range of facilities to attract and support foreign investors, including:

1. Accelerating administrative procedures : The Authority works to speed up the process of issuing the necessary licenses and approvals for establishing companies, which reduces the time and effort required to start a business.
2. Tax exemptions : The Authority provides tax incentives such as exemptions or reductions on tax fees, which helps investors reduce costs and enhance profitability.
3. Ownership facilities : The Authority provides opportunities for foreigners to own companies 100% in some regions and sectors, which enhances investors’ freedom to manage their businesses.
4. Infrastructure support : The Authority provides access to advanced infrastructure, including commercial facilities and free zones, making it easier for new companies to start their operations efficiently.
5. Providing consultations and information : The Authority provides integrated consultations on markets, investment opportunities and economic policies, which helps investors in making informed strategic decisions.
6. Developing financing programs : The Authority offers various financing programs to support new projects and investors, such as loans or grants that contribute to financing projects.
7. Facilitating access to legal services : The Authority provides facilities for accessing specialized legal services, which helps companies comply with legal and regulatory requirements.
8. Organizing investment events : The Authority organizes investment events and exhibitions to connect local and international investors and facilitate opportunities for cooperation and partnerships.
9. Support for small and medium enterprises : The Authority provides special support programs for small and medium enterprises, including training and resources to help them grow and expand.

Through these facilities, the Emirates Investment Authority seeks to enhance the business environment and provide everything necessary to attract investments and promote economic growth in the country.

Steps to establish a company in the UAE

Establishing a company in the UAE for foreigners requires following several basic steps to ensure that all legal and administrative requirements are met. Here are the main steps for setting up a company:

1. Determine the type of company and its activity : Choose the type of company you wish to establish (limited liability company, private joint stock company, branch of a foreign company, etc.). In addition to specifying the commercial activity that the company will undertake.
2. Choose the location : Choose the appropriate location to establish the company, whether in a free zone or in one of the emirates.
3. Preparing the necessary documents : Prepare the required documents such as passport, residence visas, and incorporation contracts. You may also need documents proving your address and lease.
4. Trade name registration : Choose a trade name for the company and make sure it is available and not in use. Submit an application to register the trade name to the Department of Economic Development in the selected emirate.
5. Preparing the Articles of Association : Prepare the Articles of Association and other legal documents required to establish the company. You may need to hire a specialized lawyer to help you with this step.
6. Applying for a commercial license : Submit an application for a commercial license from the Department of Economic Development or the competent authority in the free zone, based on the type of company and its location.
7. Opening a bank account for the company : Open a bank account in the name of the company. You may be asked to deposit the prescribed capital into the bank account.
8. Obtaining work and residence visas : After obtaining the license, submit an application for work and residence visas for employees and investors.
9. Registration of the company in government agencies : Register the company in the relevant government agencies such as the Tax Authority, the city municipality, and other regulatory agencies depending on the activity.
10. Compliance with Legal Requirements : Ensure compliance with all legal and business requirements, including accounting system setup and financial reporting.
11. Starting operations : After completing all procedures and obtaining the necessary permits, you can start commercial operations and operate the company.

Following these steps will help you successfully establish your company in the UAE, and ensure compliance with all local laws and regulations.

Establishing a company in the Emirates

Activities that are not permitted for foreigners to work in the UAE

When setting up a company in Dubai for foreigners , there are some activities that may not be permitted or require special conditions. Activities that are not permitted or restricted in Dubai include:

1. Activities related to weapons and explosives : This includes trading or manufacturing weapons, military equipment, and explosives.
2. Gambling and lottery activities : Gambling is illegal in the UAE, and establishing companies operating in this field is not permitted.
3. Activities related to drugs and prohibited substances : including the trade or manufacture of drugs and prohibited substances.
4. Tobacco and smoking activities : Activities related to the tobacco trade and smoking require a special license, which may be stringent in some cases.
5. Civil Aviation Activities : Managing airlines and services related to civil aviation requires special licenses and strict conditions.
6. Activities related to medicinal drugs : Trade or manufacture of medicines and medicinal drugs requires licenses and strict regulatory measures.
7. Polluting environmental activities : Some industrial activities that significantly impact the environment may be restricted or require special permits.
8. Activities related to prohibited digital content : such as publishing content that conflicts with local laws and regulations regarding information control.
9. Promotional activities for products that conflict with cultural values : such as activities that promote materials or ideas that conflict with the cultural and religious values ​​of the Emirates.

Activities that are not permitted may vary depending on the type of free zone or regulatory body you are working with, so it is essential to check the specific regulations with the relevant authorities when setting up a company.

In conclusion, the Emirates Investment Authority plays an essential role in enhancing the investment environment in the UAE by providing support and guidance to foreign investors. By accelerating procedures, providing integrated consultations, and providing attractive incentives, the Authority contributes to creating an encouraging investment environment that contributes to attracting international capital and promoting economic growth. The Authority also seeks to build strong relationships with investors, which enhances the UAE’s position as a global investment center. Thanks to these efforts, the UAE continues to offer broad investment opportunities and confirm its position as a center of attraction for international investments.