How to be a foreign investor in the UAE

٢٠ فبراير How to be a foreign investor in the UAE

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How to be a foreign investor in the UAE? The Emirates is one of the countries that plays a major role in the field of investment and trade in the world, and being a foreign investor in the Emirates means having great luck in obtaining extensive experience in the field of trade and investment in the Emirates in particular and the world in general, and being an Emirati citizen or being a foreigner is no different. As an investor in the Emirates, the same conditions, rights and duties apply to all individuals in the field of trade and investment, and the Emirates has facilitated the investment process for foreigners, individuals of the country or native citizens. As a result of the facilities that the Emirates has made in the field of investment, it has become the focus of attention and has a wide territory in the field of trade and investment. Many freelancers and company owners, as well as investment experts, seek to have an effective and major role in the field of investment and trade in the Emirates. In this article, we will discuss all Concerning foreign investors in the Emirates. How to be a foreign investor in the Emirates .

How to be a foreign investor in the UAE

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How to be a foreign investor in the UAE

To be a foreign investor in the UAE, you need to follow specific steps to ensure compliance with local laws and achieve investment success. Here are the basic steps:

Choose a business : Select the type of business you want to invest in, such as retail, industry, services, or technology.
Determine the investment location : Choose the appropriate location, whether it is in a free zone or in non-free zones. Free zones offer advantages such as full foreign ownership, while non-free zones require a local partner.
Choosing a company type : Depending on the activity and location, you can choose a company type such as a limited liability company, a private joint stock company, or a branch of a foreign company.
Submitting an application : Register your company by submitting an application to the competent authorities. In free zones, applications will be handled by the free zone authority. In non-free zones, you will need to obtain approvals from the Department of Economic Development.
Obtaining licenses : Obtain the necessary commercial licenses from the relevant authorities, such as a commercial or industrial license.
Open a bank account : Open a business bank account to facilitate financial operations.
Appointing a general manager : If the company needs to appoint a general manager, make sure to choose someone with appropriate experience in the business field.
Fulfilling legal requirements : Ensure compliance with all legal requirements, including registering the company with government departments and submitting tax reports if necessary.
Securing a commercial license : After completing all procedures, you will obtain a commercial license that allows you to practice your business legally.

It is important to work with Itqan company consultants specializing in business services, such as “Itqan”, to ensure that all requirements are met and procedures are completed smoothly.

Investing in Dubai

Dubai is one of the most prominent global investment destinations thanks to its dynamic economic environment and the diversity of investment opportunities available. The city offers attractive investment benefits, such as tax exemptions, full ownership by foreigners in free zones, and modern infrastructure that contribute to accelerating business growth. Dubai provides foreign investors with access to regional and global markets through its strategic location as a major commercial centre. In addition, Dubai offers a supportive regulatory environment, with flexible company registration and business licensing systems. Through cooperation with companies such as “Itqan”, investors can obtain comprehensive support in establishing companies, obtaining the necessary licenses, and meeting all legal requirements, which enhances their chances of success in the local and regional market.

How to establish an investor in Dubai

For an investor to reside in Dubai , several steps must be followed to ensure compliance with local laws and achieve investment success. Here are the basic steps:

Choose the type of investment : Determine the type of investment you want, such as opening a new company, investing in a business project, or buying a property.
Select the business : Choose the business you want to invest in. This could be in the field of trade, industry, services, or technology.
Location selection : Decide whether you want to invest in a free zone or a non-free zone. Free zones offer benefits such as full foreign ownership and tax exemptions, while non-free zones require a local partner.
Company registration : Submit an application to register your company with the competent authorities. In free zones, applications are handled by the Free Zone Authority. In non-free zones, you will need to apply through the Department of Economic Development.
Obtaining licenses : Obtain the necessary licenses, such as a commercial or industrial license, from local authorities.
Open a bank account : Open a business bank account at a local bank to facilitate financial transactions.
Appointment of managers and employees : If there is a need, appoint a general manager and other personnel with experience in your field.
Meet legal requirements : Make sure you comply with all legal requirements, including registering the company with government departments and adhering to tax reporting obligations if necessary.
Set up an office : Secure an office or business location to start your business.
Insurance and Additional Licenses : Check for any additional licenses or insurances that may be necessary for your business.

In cooperation with legal advisors or specialized companies such as “Itqan”, you can speed up the preparation process and ensure compliance with all legal requirements, which contributes to the success of your investment in Dubai.

Conditions for investment in Dubai

To invest in Dubai , there are a number of conditions and requirements that foreign investors must adhere to to ensure success and compliance with local laws. Basic conditions include:

Choosing a business : The investor must determine the type of business activity he intends to invest in, such as trade, industry, services, or technology. Each type of activity requires a specific license.
Location selection : You must determine whether you will invest in a free zone or a non-free zone. Free zones allow full ownership by foreigners and offer tax benefits, while non-free zones require a 51% local partner in business companies.
Company registration : The investor must submit an application to register the company with the competent authorities. In free zones, this is done through the Free Zone Authority. In non-free zones, it is done through the Department of Economic Development in Dubai.
Obtaining licenses : The necessary licenses, such as a commercial or industrial license, must be obtained from the relevant government agencies.
Opening a bank account : A commercial bank account must be opened in a local bank to facilitate financial operations.
Fulfilling legal requirements : You must adhere to all legal requirements, such as registering the company with government departments, paying fees, and adhering to local regulations.
Securing the office or location : An office or workplace that is compatible with the nature of the commercial activity must be secured. This may be in a free zone or a commercial place within the city.
Appointment of managers and employees : Some activities can require the appointment of a general manager or employees in accordance with local laws.
Providing financial guarantees : In some cases, the investor may be required to provide financial guarantees or insurance to cover financial obligations.
Adherence to environmental and health standards : You must adhere to environmental and health standards that may apply to your business activity.

Cooperation with specialized companies such as Itqan can contribute to accelerating this process and providing the necessary support to meet all legal and procedural requirements.

How to establish an investor in Dubai

Itqan Company services for foreign investors in the Emirates

Itqan Company offers a comprehensive range of services that help foreign investors qualify and invest successfully in the UAE. Our company’s services in this field include:

Investment consulting : Our company provides specialized consulting to help investors understand the UAE market and choose appropriate business activities and strategic locations for investment.
Establishing companies : “Itqan” helps investors establish their companies in the Emirates, whether in free or non-free zones, including providing support in registration and choosing the appropriate legal structure.
Obtaining licenses : The company provides assistance in obtaining the required commercial and industrial licenses, and ensuring that all requirements of government agencies are met.
Opening bank accounts : Our company provides support in opening commercial bank accounts in local banks, which facilitates the management of the company’s financial operations.
Dealing with government agencies : “Itqan” contributes to dealing with government agencies and local departments, and helps complete legal and administrative procedures quickly and effectively.
Securing offices and spaces : The company provides services to secure offices or commercial sites that suit the company’s activity and meet its operational needs.
Recruitment and Human Resources Management : Our company helps recruit qualified managers and employees and provides human resources management consultations.
Compliance with Laws and Regulations : This company provides services to ensure that the company complies with all local laws and regulations, including tax obligations and environmental laws.
Financial planning and reports : Our company helps investors prepare the necessary financial plans and reports to ensure the success and sustainability of the investment.
Additional Services : Includes additional services such as providing support in real estate transactions, legal consultations, and crisis management.

Through these services, our company contributes to facilitating the process of foreign investors entering the UAE market and achieving their success in the dynamic business environment.

In conclusion, it can be said that investing in the UAE represents a golden opportunity for foreign investors thanks to its attractive economic environment and multiple advantages. By choosing the right business, determining the strategic location, and fulfilling all legal and procedural requirements, investors can achieve great success in this dynamic market. The residency process as a foreign investor depends on cooperation with specialized bodies such as “Itqan” Company, which provides comprehensive support in all stages of establishment and operation. By taking advantage of the available expertise, investors can overcome challenges and make the most of the opportunities provided by the UAE, which enhances the growth of their business and supports their investments in one of the most vibrant markets in the world.