The idea of establishing a company in Dubai is the middle of the road to success, and why not, as Dubai is the most prominent global hub in the Middle East, Asia and Africa in entrepreneurship and attracts entrepreneurs and investments from all countries of the world. It is characterized by several advantages that are rarely found in one city.
Dubai occupies the heart of the Middle East and connects the continents of Asia, Europe and Asia together, and facilitates the movement of goods through giant ports located in free zones such as the Jebel Ali Free Zone. This distinguished location has made Dubai a major destination for entrepreneurs due to its contribution to increasing the volume of business, whether commercial, industrial or other investments.
It is also distinguished by its technological infrastructure that always keeps pace with the requirements of establishing companies in Dubai in this decade. It is characterized by the need to rely on advanced and smart communications in the accomplishment and rapid growth of business in Dubai. Dubai ranked eighth according to the Global Financial Centers Index, making it one of the top 10 global centers that attract entrepreneurship with rapid growth.
Dubai is also among the top 10 financial centers according to the Global Financial Centers Index, with the Dubai International Financial Center ranked 8th. However, this is not the only advantage, as the UAE has been able to confront global challenges that severely affect oil prices, both up and down, through a set of economic policies that have enabled the gradual elimination of dependence on oil resources and the diversification of sources of income, which has added an element of sustainability to economic growth in the long term.
All this has led investors to have more and more confidence in the strength of the UAE economy, and why not, as it has overcome the various economic conditions that have affected major countries. This has made foreign direct investments wishing to establish a company in Dubai flow more, and there is no better evidence of this than the Dubai Economy issuing 42,640 new licenses in 2020 alone, with the most prominent of these forms being the increasing ones in the Jebel Ali Free Zone.
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There are now 24 operating free zones, created for specific investment sectors such as healthcare, gold and jewellery, information and communications technology, media, finance and other key sectors in global investments that attract entrepreneurs, making these free zones among the best and most diverse.
Each of these free zones in Dubai has its own characteristics and laws that regulate how businesses and companies are established. We mention the following free zones:
- Jebel Ali Free Zone
- Dubai South
- Dubai Airport Free Zone
- Dubai Internet City
- Dubai Silicon Oasis Authority
- Dubai Healthcare City
- Dubai International Financial Centre
- Dubai Multi Commodities Centre
- Dubai Media City
- Gold and Diamond Complex
- Dubai Production City
- Dubai Studio City
- Dubai Knowledge Park
- Dubai International Academic City
- International Humanitarian City
- Dubai Outsource City
- Dubai Maritime City
- Dubai Science Park
- Dubai Auto Zone
- Dubai Design District
- Dubai World Trade Centre
Those wishing to establish a company in Dubai, such as establishing a company in free zones such as the Jebel Ali Free Zone, must follow a number of steps necessary to establish their companies. The first step is to determine the nature of the work in order to determine the type of license required to be obtained, then go to the authority responsible for this type of work in order to work on opening a commercial register and obtaining a commercial license for the company.
This includes the step of choosing a trade name and obtaining initial government approvals, then choosing the location of offices and work facilities and other steps provided by our company to make the process of establishing a company in Dubai in just two days. Our company also provides professional and effective services to implement and organize business effectively within the United Arab Emirates. Our company consists of a group of experts in the fields of the mainland, free zones and offshore within the United Arab Emirates.
To learn more about this topic, we advise you to contact one of our company’s experts.
Advantages of investing in free zones in Dubai
Dubai is considered the first pioneer city in the concept of free zones, offering attractive privileges with many incentives to attract investments from companies and entrepreneurs. In these zones, a foreign investor can own 100% of his company’s shares without the need for a local partner. Not only that, but they also exempt the investor from taxes, whether income taxes or import and export taxes, and these zones allow the transfer of funds without imposing any additional fees on these operations.
Procedures for establishing a company in Dubai
The procedures for establishing a company in Dubai are considered easy if they are implemented and followed up by a company with long experience in the world of establishing companies and providing technical and legal support and consultations and periodic follow-up at every step of the establishment process. Therefore, many investors prefer to complete the procedures for establishing their companies in Dubai through our company due to the services it provides, starting from just the idea and working to achieve the maximum benefit from it, to daily follow-up and providing technical, legal and financial support even before the investor arrives in Dubai and many other works to facilitate the establishment of a company in Dubai, as it is the most important step in the company building stage.
Entrepreneurship begins with studying and taking into account all types of risks, in order to make the best use of all available opportunities for development. Therefore, our company explains the types of companies in Dubai, then carefully studies the investor’s project and prepares the necessary feasibility study to adopt a specific type of known types of companies.
After this, our company prepares the documents required to establish the company according to the type of company to be established. Below we list the most important steps:
- Determine the type of company from among three main types: mainland companies, free zone companies, and offshore companies.
- Preparing the necessary papers according to the type of company chosen carefully, and this is one of the most important procedures for establishing a company in Dubai.
- Choosing a trade name for the company. This name must be unique and not include any word that may violate public taste. It must express the legal form and activity of the company, not be similar to the name of any government agency, and not contain any religious word.
- Obtaining initial government approvals.
- Searching for a location that suits the nature and aspirations of the company and contributes effectively to its rapid growth in global markets.
- Signing legal contracts at our company headquarters.
- Then comes the last step in establishing a company in Dubai, which is issuing a commercial license in Dubai.
The procedures for establishing a company in Dubai are not as long as they seem at first glance, but they are completed within a very short period. This is our role in our company, where assistance is provided in all company establishment procedures smoothly and accurately.
Residence and investment in Dubai
As for residence and investment in Dubai, the government of the United Arab Emirates supports investment in Dubai, whether through the facilities it provides when establishing a company in Dubai or by supporting the means that support the growth of global investments in Dubai. This lies in overcoming all obstacles, the continuous construction and development of infrastructure, the permanent provision of the latest global communications technology, as well as developing public bodies, providing all services, providing means and methods of security and safety, and paying attention to both health and education, as well as means of transportation, along with many other services.
Investment in Dubai always comes first, as its government seeks to provide a wonderful business and investment environment, by facilitating all needs and services that will have a quick and tangible impact when starting to invest in Dubai. All this has made Dubai the capital of the modern and advanced world of entrepreneurship, which has made it attract capital and huge global companies, as life and investment in Dubai are characterized by prosperity in living and providing all services and means of security and comfort, which has made it the ideal city not only for investment but also for living.
Residency in Dubai and obtaining an investor visa in Dubai
The United Arab Emirates in general and the Emirate of Dubai in particular allow the Dubai Investor Visa to investors in Dubai, which allows the investor to reside in Dubai. This visa, i.e. the Dubai Investor Visa, is granted by the United Arab Emirates according to a set of conditions.
How to get Dubai investor visa
This visa allows the investor to reside, live and work in the UAE. It is also known as the Dubai Partner Visa. The validity of this visa is 3 years, renewable if the property is proven to belong to the investor. The Dubai Investor Visa is granted to investors who own shares worth more than AED 72,000, or who own a private investment of the same value.
Documents required to apply for Dubai Investor Visa
- Selfie (white background)
- Original and copy of the company’s articles of association in Dubai or a service agent’s contract issued by the court with a value exceeding 72 thousand UAE dirhams.
- A copy of the company establishment card in Dubai.
- Passport photo.
- Commercial license to operate in the UAE.
- An appendix with the names of partners (in case the visa requires a partner, unlike investing in the Jebel Ali Free Zone, for example).
- Company bank statement for the last three months.
Places to apply for an investor visa
You can apply for an investor visa in Dubai either through the old regular outlets such as the General Directorate of Residency and Foreigners Affairs in Dubai or the smart electronic outlets for residency and nationality.
Dubai Free Zone Investor Visa
The investor visa for free zone companies, such as the investor visa for Jebel Ali Free Zone companies, is distinguished by the fact that it exempts the investor in this type of investment from all taxes, whether income tax, value-added tax, or import and export tax. It also allows the investor to own his company 100% without the need for a national partner. The cost of the investor visa differs from other regions.
The value of the investor visa in Dubai in the freehold areas varies according to the area, the type of company activity and the nature of its work. Below are some of the most prominent freehold areas in Dubai and contact numbers. In our company, we can obtain this type of license easily and quickly and in a short period of time.