Investment in the UAE is based on several axes, the most important of which is the investor’s determination of the type of company, along with the necessity of studying the laws that regulate that investment, in addition to knowing the procedures that are taken by developing a comprehensive vision of the type of this investment, and adopting the easiest paths that work to make many projects successful. It is held in the UAE, and the country has provided all the facilities that help the investor in the success of a large number of projects that work to grow the UAE economy and place it in the first ranks in the Arab and international levels. Through this article, we will review many details about the most important steps to invest in the Emirates.

Steps to invest in the Emirates

Steps to invest in the Emirates

Steps to invest in the UAE include several stages that must be followed to ensure establishing a business in a legal and effective manner. Here are the basic steps to invest in the UAE:

1. Determine the type of economic activity : The first step is to determine the type of commercial or investment activity you wish to undertake, whether it is commercial, industrial, service, or any other field.
2. Choosing the legal form : The legal structure of the company must be determined, such as a limited liability company (LLC), a branch of a foreign company, a sole proprietorship, or a public joint stock company.
3. Choosing a trade name : Choosing a unique trade name that is consistent with local laws and obtaining approval from the relevant authorities such as the Department of Economic Development.
4. Obtaining initial approvals : Submit a request to obtain initial approvals from the relevant authorities based on the type of activity and location. In some cases, activities may require special approvals from the relevant regulatory bodies.
5. Preparing the articles of association and legal documents : Preparing the articles of association and articles of association of the company and having them authenticated by a notary. Some activities may require additional procedures such as submitting a business plan or financial documents.
6. Obtaining a commercial license : Apply for a commercial license from the Department of Economic Development in the selected emirate or the regulatory body in free zones.
7. Choosing a business location : Renting or purchasing a suitable place to conduct business activity and submitting the lease or ownership contract to the concerned authorities. In free zones, office and industrial options are usually available.
8. Registration in the Chamber of Commerce : The company must be registered in the Chamber of Commerce and Industry in the relevant emirate to obtain membership that allows you to benefit from the chamber’s services.
9. Opening a bank account : After obtaining a commercial license, a bank account can be opened in the name of the company in one of the recognized banks in the Emirates.
10. Tax registration : Register with the Federal Tax Authority (FTA) and obtain a tax registration number (VAT) if the company is required to do so.
11. Obtaining visas and work permits : Employees can apply for work visas and the necessary work permits.
12. Obtaining insurance : Insuring the company and employees against accidents and damages that may occur.
13. Registration in the Retirement Fund : Registration of Emirati citizens working in the company in the Retirement Fund in accordance with local laws.
14. Obtaining additional licenses : In some cases, businesses may require obtaining additional licenses from government agencies or regulatory bodies.

To obtain support and advice in each of these steps, you can seek the help of consulting companies such as Atqan , which provides integrated services to facilitate the process of establishing businesses and investing in the Emirates.

Why invest in Dubai?

Investing in Dubai carries many advantages and benefits, making it one of the leading investment destinations in the world. Here are some reasons why Dubai is an attractive investment destination:

• Dubai is characterized by a stable and safe investment environment, with laws and policies that support foreign investments.
• Dubai is strategically located between Europe, Asia and Africa, making it a global center for trade and business.
• Dubai has a diverse economy that includes many sectors such as trade, tourism, real estate, technology, and financial services, which provides diverse investment opportunities.
• Dubai provides advanced infrastructure that includes world-class airports and ports, an excellent transportation network, and advanced information technology.
• Dubai has flexible tax policies, as it does not impose personal income taxes or corporate income tax in many sectors, which increases investment attractiveness.
• Dubai is characterized by an effective legal system that protects investors’ rights and provides a fair and transparent business environment.
• Dubai provides many free zones that allow full ownership by foreigners, tax exemptions, and facilities for importing and exporting goods.
• Dubai offers a high level of quality of life, including excellent healthcare, good education, and a diverse social environment.
• Dubai supports innovation and modern technology through incentive policies and programs, such as government investments in artificial intelligence and blockchain technologies.
• Dubai offers easy and flexible procedures for setting up a business, with consulting firms such as Atqan providing support and advice to investors.
• These factors make Dubai an ideal environment for investment and business growth, which attracts investors from around the world to achieve success and prosperity in various sectors.

Benefits of investing in the UAE

There are many benefits of investment that are in the interest of both the investor and the state, while working to raise the individual’s standard of living, in that successful investment works to help the state prosper in the field of business, which makes it reap huge profits that are pumped into the state treasury and thus in the interest of the individual. By raising the efficiency of services and care provided to him by the state.

The Emirates Investment Authority is also working to create new job opportunities for the youth of the UAE by opening new markets in various fields of investment, in addition to strengthening foreign relations, which helps open areas of successful investment to businessmen, whether local or foreign. The rapid development taking place in the United Arab Emirates helps the country flourish economically and works to increase commercial indicators that make it ranked alongside international countries to increase its economic standing.

Areas of investment in the UAE

The United Arab Emirates is an attractive investment destination thanks to its diversified economy and stable legal environment. There are many investment areas available in the UAE, including:

1. Real Estate : The real estate sector is witnessing continuous growth in the Emirates, with investment opportunities in purchasing and leasing residential and commercial properties.
2. Renewable energy : Investments in solar and wind energy are increasing in the UAE, as the country seeks to achieve sustainability goals.
3. Technology : The technology sector is witnessing rapid growth, especially with the government’s support for artificial intelligence and financial technology (FinTech) innovations.
4. Tourism and Hospitality : The UAE is considered a global tourist destination, which makes investment in hotels, restaurants and resorts a promising field.
5. Trade and logistics services : The UAE’s strategic location makes it an important center for trade and logistics services in the region.
6. Industry : Investment opportunities in this sector include areas such as manufacturing, petroleum, and petrochemical industries.
7. Education and Health : There is an increasing demand for high-quality educational and health services, which provides great investment opportunities.
8. Agriculture and Food : The UAE is working to enhance food security, making sustainable agriculture and food processing attractive investment areas.

These are some of the areas available for investment in the UAE, which are supported by an encouraging business environment and laws that allow foreign investors to fully own companies in many sectors.

Investment procedures in the Emirates

Investing in the UAE requires following a number of basic procedures and steps, which can vary slightly depending on the type of business activity and location (whether within the free zones or on the mainland). Below are the general steps to establish an investment in the UAE:

1. You must decide what type of activity you want to invest in. The activity can be commercial, industrial or service, depending on what you plan to offer in the market.
2. The legal structure of the company must be determined such as a limited liability company (LLC), a branch of a foreign company, a sole proprietorship, or a partnership.
3. You must choose a trade name that complies with local laws, and obtain approval from the relevant authorities.
4. An application must be submitted to obtain the necessary approvals from the competent authorities, such as the Department of Economic Development in the selected emirate, or the Free Zones Regulatory Authority if the investment is in a free zone.
5. The company’s articles of incorporation and articles of association must be prepared and notarized by a notary.
6. After meeting all requirements, you can apply for a business license. The license can be commercial, industrial, or service, depending on the type of activity.
7. A location must be provided for the company, whether it is an office, factory or store. A lease or ownership contract for the site must be obtained.
8. The type of business activity may require obtaining special approvals from regulatory bodies such as the Ministry of Health, the Telecommunications Regulatory Authority, or others.
9. After obtaining the commercial license, a bank account can be opened in the name of the company.
10. You must register with the Federal Tax Authority and obtain a tax registration number (VAT) if the company is required to do so.
11. The company can benefit from additional services such as legal services, financial consulting, and accounting services.

In addition, the procedures can be easier and faster if cooperation is made with companies specialized in providing company establishment services, such as Atqan , which provides full support by providing advice and guidance in every step of establishing investment in the Emirates.

The best places for successful investment in the Emirates

The location based on investment in Dubai is considered one of the most important factors in the priorities of the process of choosing the field of investment in Dubai real estate, through the proximity to vital facilities in the region. It is possible for real estate investment to be near one of the important landmarks in the Emirates. For example, there is Dubai Marina, which is easy to Obtaining residence papers in Dubai through it, or Business Bay is considered one of the best and most prominent places for new investors, and the investor must first complete the residency and investment procedures to avoid any crises that hinder the pursuit of success, and this is done with ease through the assistance of the Dubai Investment Authority, The Authority works to provide the investor with many important points and information, such as the costs of investing in Dubai and knowing all the details and papers of residency in Dubai, and works to eliminate the difficulties facing the investor.

The investor can also choose from these vital places, such as investing in Barsha Heights, which includes a large group of the largest international companies such as Microsoft, HP, and other world-famous companies. The area is also characterized by the presence of a large number of the finest hotel apartments in Dubai, making it a commercial center. Important in the UAE.

Jumeirah Village Circle is one of the fastest growing areas in Dubai, as the village is only a few kilometers from Al Maktoum International Airport, which will increase the demand for a large group of hotels and hotel apartments in Jumeirah Village Circle for several years to come.

Investing in Jebel Ali

Investing in Jebel Ali

The Jebel Ali Free Zone occupies an area of ​​approximately 100 square kilometres, and investment in Jebel Ali works by creating more unique job opportunities for businesses that serve as a living hub for trade, warehousing and distribution for a market of one and a half billion people. While Jebel Ali includes one of the best ports in the Middle East equipped with highly efficient infrastructure, one of the most important things that helps investment in Jebel Ali is the presence of the Dubai Airport Free Zone, which was established with the aim of encouraging and facilitating investment. These factors have made the region a suitable climate for the advancement of investment.

Investment activities in Jebel Ali are divided into three groups, including commercial, industrial, and service, in addition to large export movements for several products, including basic metals, fabrics, prepared foods, beverages, and many products destined for several major countries, led by Taiwan, Japan, and Germany. In addition to the importance of investing in the free zone , all companies established in it are treated like foreign companies, while saving a lot of investment costs in Dubai compared to the advantages provided by investing in the free zone, in addition to the ease of completing residency and investment procedures in Dubai, so many people seek Businessmen seek to establish a company to obtain the best benefits resulting from investment in the free zone.

Frequently asked questions about the steps to invest in the Emirates