Investment in the UAE is based on several axes, the most important of which is the investor’s determination of the type of company, with the necessity of studying the laws that regulate this investment, in addition to knowing the procedures that are taken by developing a comprehensive vision for the type of this investment, and taking the easiest ways that work to make many projects that are established in the UAE successful. The state has provided all the facilities that help the investor in making a large number of projects that work to grow the UAE economy and make it in the first ranks, Arab and international.
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ToggleBenefits 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 standard of living of the individual, in that successful investment helps the state to flourish 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 the services and care provided to him by the state.
The Emirates Investment Authority also works to create new job opportunities for the youth of the UAE by opening new markets in various investment fields, in addition to strengthening foreign relations, which helps open up areas of successful investment for businessmen, whether local or foreign.
The rapid development taking place in the United Arab Emirates helps the country to flourish economically and works to increase trade indicators that make it rank alongside global countries to increase its economic position.
Investment areas in the UAE:
There are four important sectors in the UAE that operate under the umbrella of the Investment Authority and represent about 75% of the UAE’s non-oil GDP: construction, renovations, trade, and manufacturing.
The most popular and famous investment fields in the UAE are real estate investment projects in Dubai, where the Dubai Investment Authority has taken many important and effective measures that work on economic growth, whether by helping the foreign or Emirati investor.
The Emirates Investment Authority is always trying to provide support to all investors by answering all the questions that come to the investor’s mind in order to clarify his vision regarding all aspects of the project. Among the most common questions among many investors are:
- Are there any specialized industrial or economic zones in the UAE?
- What are the investment laws?
- How do I know the costs of establishing my investment project in the Emirates?
- What are the leading sectors that can be invested in?
- What are the procedures for establishing my investment project in the Emirates?
- How do I know the applicable legislative system?
- What are the costs of investing in Dubai?
- What is the role of the Emirates Investment Authority in the success of projects?
One of the most important steps to work on the success of any project is knowing the initial costs of establishing it. The UAE Investment Authority helps you in this important role that contributes to finding the appropriate investment for you by supporting the UAE government in many areas of investment through supporting many UAE institutions.
The Dubai Investment Authority works to help the investor establish a successful investment so that the benefit is general to him and to the UAE, in addition to providing many grants to people who have strong business plans that compete with giant projects.
Procedures for establishing investment in the UAE:
There are several procedures that must be followed according to the special rules issued by the UAE Investment Authority and must be carried out to establish any new activity in the UAE, so that the stages of establishing any new activity are divided into three stages:
- Initial approval: “A copy of a valid passport, choosing the trade name, specifying the type of business activity, filling out the form.”
- Establishing the company: This step is done after obtaining the initial approval to establish the new company from various investment institutions in the UAE. After that, you must have a set of documents, which are: “Signing the service contract, signing the establishment contract, signing the articles of establishment, filling out the acknowledgment form, authorization letter, commercial agency certified by the UAE embassy, a copy of the passport, authorization card, company information form, signature form, signing Form 4.”
- Obtaining residence and investment permits in Dubai: The investor must have the following documents that facilitate the process of obtaining residence in Dubai, which are (a copy of the commercial register, a copy of the passport, signing a residence visa application, 4 photographs, signing a pledge letter, signing a declaration letter).
In addition, the investor must be fully aware of the set of legislations, laws and types of authorized companies issued by the Dubai Investment Authority. This useful information is available to the investor on many websites of the UAE government.
The best places for successful investment in the Emirates:
The location of the investment is considered one of the most important basic factors in the priorities of the process of choosing the field of investment in Dubai real estate, through proximity to vital facilities in the area. It is possible for the real estate investment to be near one of the important landmarks in the UAE. For example, there is Dubai Marina, which is easy to obtain residency papers in Dubai through it, or Business Bay, which is considered one of the best and most prominent places for new investors. The investor must first complete the residency and investment procedures to avoid any crises that hinder the pursuit of success.
This is done with ease through the assistance of the Dubai Investment Authority, as 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 distinguished by the presence of a large number of the finest hotel apartments in Dubai, making it an important commercial center in the UAE.
Jumeirah Village Circle is one of the fastest growing areas in Dubai, and is located just a few kilometres from Al Maktoum International Airport, which will increase the demand for a large group of hotels and hotel apartments in Jumeirah Village Circle for many years to come.
Investing in Jebel Ali:
Jebel Ali Free Zone covers an area of approximately 100 square kilometres and investment in Jebel Ali creates more unique business opportunities for businesses that serve as a lively hub for trade, storage and distribution for a market of one and a half billion people.
While Jebel Ali has one of the best ports in the Middle East 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 investment promotion.
Investment activities in Jebel Ali are divided into three groups: commercial, industrial and service, in addition to the large export movements of several products, including basic metals, fabrics, ready-made foods, beverages and many products heading to several major countries, most notably Taiwan, Japan and Germany.
In addition to the importance of investing in the free zone, all companies established therein are treated as foreign companies, with a lot of savings in 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 businessmen seek to establish a company to obtain the best privileges resulting from investing in the free zone.