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 talk about the steps to invest in the Emirates .
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 increasing 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 Emirates 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 considered an attractive destination for investment thanks to its diversified economy, advanced infrastructure, and strategic location. Investment areas in the Emirates are diverse to include many promising and profitable sectors. Here are some of the most prominent investment areas in the UAE:
- Real Estate : The real estate sector is considered one of the most attractive sectors for investors in the Emirates, as it witnesses continuous growth thanks to the great demand for residential and commercial units.
- Tourism and Hospitality : The tourism and hospitality sector is one of the most important economic sectors in the Emirates, as the country attracts millions of tourists annually thanks to its unique tourist attractions and luxury hotels.
- Technology and Innovation : The UAE is investing heavily in technology and innovation, with the establishment of several technology free zones such as Dubai Internet City and Silicon Oasis.
- Industry and manufacturing : The UAE provides an encouraging environment for investment in various industries, including heavy and light industries, while providing government facilities and support.
- Trade and retail : Thanks to its strategic location and advanced sea and air ports, the UAE is a major commercial center in the region, which makes investment in trade and retail a promising field.
- Financial and banking services : The financial sector is one of the leading sectors in the Emirates, with many local and international banks providing various services to investors.
- Health care and education : There are great opportunities for investment in the health care and education sectors thanks to population growth and increased demand for high-quality health and educational services.
- Renewable energy : The UAE is increasingly investing in renewable energy projects such as solar and wind, with a vision to enhance environmental sustainability.
These are some of the investment areas in Dubai that investors can explore in the UAE, as the government provides an encouraging investment environment and offers many facilities to support economic growth.
Steps to invest in the Emirates
Investment procedures in the UAE require following a set of regulated procedures to ensure compliance with local laws and regulations. Here are the steps to invest in the UAE:
- Determine the type of business activity : The first step is to determine the type of business activity you want to practice, as requirements and fees vary based on the type of activity.
- Choosing the legal form of the company : The company type can be chosen from several options such as a limited liability company (LLC), a private joint stock company, a branch of a foreign company, etc.
- Choosing a trade name : A trade name must be chosen for the company and kept with the Department of Economic Development (DED) to obtain approval. The trade name must comply with local regulations.
- Applying for initial approvals : Initial approvals must be obtained from the relevant authorities, including the Department of Economic Development and other relevant regulatory bodies.
- Preparing the articles of incorporation and legal agreements : The articles of association and other legal agreements (such as the lease contract if there is an office) must be prepared and notarized by a notary.
- Determine the location and register the lease : The company must be located, the office or commercial site lease must be signed, and registered with the Department of Economic Development.
- Submitting documents and obtaining licenses : After preparing all documents and approvals, they must be submitted to the Department of Economic Development to obtain the commercial license.
- Open bank account : A bank account must be opened in the name of the company in one of the approved banks in the Emirates.
- Registration in the Chamber of Commerce : The company must be registered in the local Chamber of Commerce to obtain chamber membership.
- Obtain an establishment card : It is necessary to obtain an establishment card from the Ministry of Human Resources and Emiratisation.
- Applying for residence visas : After establishing the company, it is possible to apply for residence visas for investors and employees.
These steps may differ slightly depending on the emirate in which the company is established and the type of business activity, so it is advisable to seek the assistance of a legal advisor or a company specialized in establishing companies such as Itqan Company to ensure full compliance with all procedures and laws.
The best places for successful investment in the Emirates
The location based on the investment 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 the real estate investment to be near one of the important landmarks in the Emirates. For example, there is Dubai Marina, which is easy to extract documents from. Residence 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, where it works. The Authority provides the investor with many important points and information, such as the costs of investing in Dubai and knowing all the details and papers of residence 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
Jebel Ali Free Zone 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
Does the company have to be registered with the Chamber of Commerce?
Yes, a company must be registered with the local Chamber of Commerce to obtain Chamber membership, which is a necessary step to do business legally.
What is an establishment card and how can I obtain it?
The establishment card is issued by the Ministry of Human Resources and Emiratisation and allows you to employ employees and manage work affairs. You can apply for it after registering the company.
How can I obtain residence visas for investors and employees?
After establishing the company, you can apply for residence visas for investors and employees through the competent authorities. You will need to submit the necessary documents and pay the required fees.
Can I establish a company in the UAE without a local partner?
Yes, you can establish a company in free zones without needing a local partner, while in commercial activities within the country you may need a local partner depending on the type of activity.
