When you think about investing your money in the Middle East, the investment areas in Dubai are the most suitable for your ambitions. It is the best choice in the Arab region and the Middle East as well, as the UAE in general and the Emirate of Dubai in particular enjoy a wonderful geographical location.
It is also characterized by many facilities that they provide to investors in it, and also due to the multiplicity of investment fields in Dubai. If you are one of the investors who want to establish a company in Dubai, foreigners, i.e. non-Emiratis, and you want to open a company in Dubai, whether it is medium or small or a huge project to increase your resources outside the borders of your country, then investing in Dubai is the best choice, as you will receive a lot of support and many facilities that will help you in the beginning of your dream.
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ToggleSteps to invest in Dubai:
There are many important steps that must be taken into consideration when thinking about investing in Dubai, including: Knowing the purpose of the investment: which is to renew in which field you want to invest your money. Here you seek to determine the activity that is compatible with the capital you specify and whether you will invest your money in commercial, industrial, professional or real estate money, as the real estate sector in Dubai is distinguished as one of the most important targeted investments.
Understanding Market Dynamics:
This is represented in knowing what the market requires in terms of the area in which you will establish the store, whether it is compatible with its market needs or not, and also whether it requires multiple activities and knowing the categories of consumers of the products that you will provide to them and knowing how to market them in the appropriate manner and also in the manner that achieves the highest expected profit.
Perform the necessary calculations:
It is a plan that consists of conducting a feasibility study for the project and determining the required capital in a large and accurate manner, as well as making a reserve for it and making profit forecasts through a modern and advanced study.
The importance of investing in Dubai:
Infrastructure:
Because Dubai is considered one of the highest infrastructures in the world, which is considered an important attraction factor for local and foreign investors.
· Taxes:
The UAE does not impose any taxes on any investment in any new sectors, some of which receive a 100% exemption and some of which receive a complete exemption for a period of up to fifteen years, which represents an attractive factor for investment in it.
· Higher standard of living:
The UAE is the leading country in the Middle East in terms of average standard of living, which attracts shop and company owners to invest in it.
Costs of establishing a company in the Emirates:
The costs of establishing a company in the Emirates vary according to your choices, the specified areas, and also the place you will choose to open a company in Dubai and knowing the areas in which the projects will be established. There is also choosing the place according to the type of activity. There are also free zones in which the prices of companies and projects are more different, as establishing a company in Sharjah differs from opening a company in Dubai and so on. There are several points to know the costs of establishing a company in the Emirates, which are:
- Paying the fees for renting the area or location of the company to be established.
- Paying business activity fees to the relevant institutions.
- Payment of trade name and commercial registration fees.
- Payment of all bank dues for the stages of practicing the commercial activity of its free zones.
- Determine the value of profits and conduct a complete feasibility study to reach the best results after paying taxes and state dues.
- Pay the price of a commercial license in Dubai or the value of the instant license in Dubai if the place of investment is in Dubai, such as the Jebel Ali Free Zone.
- You must comply with all that is approved by the UAE legal authority and strictly apply all fees that may be imposed.
Procedures for establishing a company in Dubai:
To know the procedures for establishing a company in Dubai, there are some stages that you go through, including:
· Select the activity:
This is the first step to investing in Dubai, as you start by knowing what the appropriate activity is, and this will determine the place where you will open a company in Dubai from all economic, professional, commercial, and industrial fields.
Commercial registration:
It is mainly related to the company’s origin, which is what distinguishes one company from another. There are some conditions for obtaining the approval of the Department of Economic Development for the trade name, which are:
- It must not violate public taste and must not contain inappropriate words and phrases.
- The name must be related to what indicates the legal form of the company.
- The company name must not be registered by another company.
- The trade name should reflect the activity it carries out.
- The trade name must be free of any of the beautiful names of God or the word of majesty “Allah” or “Lord.”
- The trade name must not include any external logos or the name of government institutions.
· Obtaining initial approval:
This is the next step after determining the activity, commercial registration, and choosing the name of the activity. Before the initial approval regarding foreigners, the approval of the General Administration of Residency and Foreigners Affairs must be obtained.
· Choosing a workplace:
All companies in the UAE must have a fixed address in the UAE and in Dubai you will be required to provide a lease contract certified by the Real Estate Regulatory Authority in Dubai and you can add a license to your current activity but take into account the following:
- 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 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.
- Obtaining a trade license in Dubai: To obtain a trade license in Dubai there are two steps:
- Payment of commercial license fees.
- Collect all the documents you have completed in the previous stages and submit them to the Department of Economic Development.
Note that you can submit an urgent application to obtain an instant license in Dubai and pay the fees for it.
Free zones in Dubai:
If you choose to establish your company in one of the free zones in Dubai, you must go to the competent authority concerned with this. There are some important points for choosing the free zone, which are the ownership laws: If the foreign investor wants to retain 100 percent ownership of his company, he must conduct his business in the free zone, and Dubai is distinguished as a pioneer in this field.
Dubai now includes many free zones that combine many businesses, including the Jebel Ali Free Zone in Dubai, which includes many diverse fields, including academic, information technology, cars, aviation, health, financial affairs, design, media, as well as precious stones trade, gold trade, manufacturing and distribution, as well as commodity trade, production, printing, and knowing the cost of a commercial license in the Dubai Free Zone.
Dubai Free Zone, including Jebel Ali, also gives investors full tax exemption and the ability to transfer money without paying any fees. In some free zones, you can open a company in Dubai that includes more than one business activity without any additional conditions, but please note that each zone has its own requirements and conditions.