In this article, we will review the conditions for a good investor, as well as the steps for establishing a company in Dubai. We will also show you the cost of establishing a company in Dubai, as well as the conditions for establishing a company in Dubai.
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ToggleConditions of a good investor:
To be a good investor, you must have some qualities that distinguish you from other investors, and you must also take some steps that qualify you to meet the conditions of a good investor necessary to achieve success.
- Determine your goal: You must focus on the goal you have chosen for successful investment and also strive to make the project successful in the long term and not rush for big and quick profits.
- Plan well: You must develop a good plan and conduct a strong feasibility study for the project and study all expected possibilities. You must also study the costs of investment in the Emirates well and the extent of expectations for the success of the chosen idea and also put the possibility of failure.
- Choose the right field: When you choose a different field, i.e. a field that not many people are interested in, you must be careful and conduct a good and accurate study of the market.
- Be persistent and patient: You must be patient, as patience is known to be the first key to success and achieving all life goals.
- Take advantage of opportunities: Some new companies exploit the crises of larger companies, as the new company dominates the field as soon as any major financial crisis or economic bubble occurs, as the Emirates Investment Authority works to provide all the data to achieve success in your investment.
- Capital management: You must know the good ways of managing capital and how to distribute it appropriately and not to put all the capital in one project and deal with the appropriate investment authority that strongly supports your project and it is preferable to distribute the capital over many in order to protect your company from sudden crises that may affect it if it depends on a field, there must be alternatives and also every investor must have a diversified financial portfolio.
- Be careful: If the money used in the investment is money taken from bank loans, you must be very careful and not risk it.
- Consult investors: You should consult economic consultants who have a lot of experience in various investment fields, especially the field you have chosen.
Conditions for establishing a company in the free zone
In order to invest in Dubai, you must follow some conditions for establishing a company in the free zone .
- Choosing the activity: This is the first step to establishing a company in the free zone. You must begin by determining what the appropriate activity is. This will be determined by the place where you will establish the broad base from which you will choose from all economic, professional, commercial, and industrial fields the appropriate field for you.
- Commercial registration: This is the second step and is linked to the first stage. The trade name in establishing companies is what distinguishes them commercially from other companies in the same field. There are some conditions for obtaining the approval of the Department of Economic Development for commercial registration, which are:
- The trade name you choose must be in keeping with public taste and must not contain inappropriate phrases or words.
- The legal form of the company must be linked to the trade name.
- The company name must not be registered by another company.
- Also, the brand name should reflect the product or activity it offers.
- The trade name must be free of the word “Allah” or “Lord” or any of the beautiful names of God.
- The trade name must not include the name of any government institution or any external or partisan logos.
- Initial approval must be obtained: This is the third step in establishing a company in Dubai after determining the activity, commercial registration, and choosing the name of the activity. Before initial approval to establish a company in the free zone, you must obtain the approval of the General Directorate of Residency and Foreigners Affairs.
- Choosing the company’s headquarters: All companies in the UAE must have a fixed address in the UAE, whether establishing a company in the Dubai Free Zone, such as establishing a company in Jebel Ali, or outside it, will require you to provide a lease contract certified by the Real Estate Regulatory Authority in Dubai. You can add a license to your current activity, but taking into account the following conditions:
- The partner in the new company must be one of the shareholders or owners of the existing company.
- The number of licenses owned by one citizen party shall not exceed 10 licenses for the same location.
- The area of each license site shall not be less than 200 square feet.
- Obtaining approvals from the entities concerned with the facility: such as legal consultations, insurance and transportation activities.
Best field for investment in UAE
In order to know the best field for investment in the Emirates, we must follow the most important fields in which you can invest in Dubai.
Product transportation: It is considered one of the best economic projects in Dubai, as it involves the process of transporting products from their place of production or manufacturing to the place designated for marketing them. This project has proven successful not only in Dubai and the Emirates, but in the whole world, but it needs a wide spread area and also gaining the trust of customers and dealing with the appropriate investment authority that carries good products. Also, sufficient advertising must be done for the project.
Real estate investment: This distinguished field is considered one of the best investment fields in Dubai, given the tremendous development in the rate of construction of new buildings in the country, and also the fact that the Emirates has recently achieved a great boom in this field, and there are many examples of this success, such as Dubai Silicon Oasis, which was considered a very short time ago as a barren desert, but now, thanks to the urban expansion in Dubai, it has become a huge and prosperous residential complex full of modern and beautifully designed buildings. It is smart to invest in real estate, as the total rental amount in the Emirates is sufficient for them to obtain a residential plot of ownership, and you can rent it and benefit from that in buying a new plot or converting the rent into a regular income or starting a commercial project on the plot.
What is the cost of establishing a company in Dubai?
The cost of establishing a company is calculated by conducting a study for any specific project. Depending on the activity or field you have chosen, the value of the investment costs in Dubai is determined, and also according to the extent of expansion in the field, as the costs differ whether they are small projects for shops or the like, and whether the investment idea is to establish a factory or a company. You can also invest in Dubai with small amounts by contributing to companies that have already been established.
Invest in Dubai
Dubai is a distinctive emirate in terms of many things that make it the best choice for investment in terms of location and also attracting many tourists and investors who are very interested in establishing a company in the free zone located there. Also, the UAE Investment Authority supports investment in Dubai in particular and establishing a company in Jebel Ali in Dubai, which is also characterized by a strong infrastructure that allows you to establish a company in Dubai and with the help of the Investment Authority in Dubai you get privileges such as tax exemption. Not only that, but you can also reside permanently in by establishing a company in Dubai or establishing a company in Jebel Ali.