The UAE is considered one of the first countries for profitable investment in the world, which was proven by its Economic Development Authority when it gave it first place in 2019 worldwide in successful investment. It has now become, to the extent that your ability or financial budget was to invest your money in it, the diversity of its services and requirements, and it has also become a major center for immigration for skilled workers, which achieves the best field for investment.
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ToggleWhy is investing in the UAE a continuous success?
The UAE has many advantages that make it the first country in global investment. This is due to its possession of several advantages that make it the first country in successful investment in the world. The most important of these advantages are the following:
- For the strategic location:
The UAE has an excellent strategic location between the East and the West, which makes it fully prepared to attract most investors to it, as it is considered the most important emerging global markets, and is also a center for various major and essential business centers in Europe, Africa, Asia, the Pacific, and North America as well.
- For advanced infrastructure:
The UAE has the most advanced infrastructure in the Arab world, which makes it a successful investment. This is due to the dedication of huge capital to enhance its infrastructure, in order to achieve the UAE Vision 2022 and achieve successful investment.
- For various business facilities:
The UAE has many diverse facilities in all fields to include diversity, shopping centers, different commercial towers, and multiple industrial areas such as the Jebel Ali area and the free zone. All of these places make them a successful investment. These facilities also work to establish businesses and companies, and according to the activity and capital available to them, any of the commercial activities can be established or an investment company can be established in the UAE in various regions of the country.
- Regarding political stability:
The UAE is considered one of the most politically stable countries, although most Arab countries are currently experiencing multiple revolutions against all regimes, it enjoys political stability and stability, and all of this makes it a source of attracting money and makes it a successful investment, as it is a country with security and safety, and this stability helps in establishing a company in the UAE.
- For social stability:
The UAE is considered one of the most important countries that has social stability and does not have any social problems, even in terms of the crime rate. It is considered the only country with a very low crime rate, almost non-existent.
It is also characterized by the availability of multiple entertainment facilities, which makes investing in any field a successful investment, as it also provides various means of work to enable the establishment of investment companies. It is a very comfortable country for anyone who wants to reside in it, and the UAE government is working hard to provide ways to obtain residency and investment in the Emirates.
- For ease of doing business:
The UAE was named the best country in facilitating and simplifying economic business in 2019. It also ranked first in the world in successful investment, which also made it the first to receive successful investment and is considered one of the largest countries in establishing investment companies.
- For the protection of intellectual property rights:
The United Arab Emirates is distinguished by the fact that it places intellectual rights in front of its eyes and is concerned with preserving them. It enacts laws to protect all intellectual rights and prevent piracy, which leads to distorting any investment in any country. This leads to all areas of investment being successful.
Steps to establish a company in the Emirates:
Whatever your financial capacity or budget, you can now establish any project or provide any investment service in the Emirates due to the multiple needs of the country there and the ease of providing ways and means of establishing investment projects, but you must go through several basic steps in establishing a company in the Emirates, which are as follows:
Determine the nature of the company’s activity:
Determining the nature of the company’s activity is considered one of the most important procedures stipulated by the UAE law for establishing companies in the UAE. It facilitates the procedures for each activity and then determines the parties associated with this activity and the nature of the permitted legal form.
The economic activities permitted in the UAE are numerous and varied, reaching approximately 2,000 economic activities. Economic activities are classified into three main types, which are:
- Business activity.
- Professional activity.
- Industrial activity.
Determine the legal form of the company:
Here we come to talk about the legal form of the company to be established. This form depends on the nationality of the company owners and the type of company you plan to establish in the Emirates, which are as follows:
- Solidarity company.
- Limited Liability Company.
- Public joint stock company.
- Private joint stock company.
- Civil works company.
For trade name registration:
The trade name in establishing a company in the Emirates is what distinguishes one license from another, and it is also related to the form and activity of the company. This name is achieved by several conditions stipulated and applied by the Department of Economic Development in the Emirates on the trade name before its final approval, namely:
- The trade name does not contain any words that are inappropriate for the country.
- The trade name does not violate the public and private taste of the country.
- The company name (trade name) accurately and clearly reflects the business activity.
To obtain initial approval:
After completing the determination of the company’s commercial activity, its legal form, and knowing and registering its trade name, it is now necessary to obtain the initial approval to establish it from the competent authorities to practice your economic activity for the company and follow up in order to obtain the approval of the authorities related to the activity.
Regarding preparing the articles of association and choosing a place for your business:
The holding or preparation of the designated contract is to bring the articles of association in agreement between you and the competent authorities. You must also choose a location to establish a company in the Emirates to conduct your business in the established companies. They must have an actual address that is present in the Emirates, and this location must meet the specific requirements of the company in addition to the existence of an existing and effective license.
To obtain approvals from the authorities concerned with the facility’s activity:
Some commercial and investment activities and projects carried out in the UAE require obtaining some additional approvals from the regulatory authorities and the authorities concerned with those projects, such as the Ministry of Economy, the Ministry of Interior, the Ministry of Justice, or approval from the Civil Defense if the activity is related to the sale of firefighting equipment, etc.
To obtain a license:
After completing all the previous steps to prepare and establish a company in the Emirates, you can now receive the activity license after attaching many of the required documents, including the economic development steps and paying the fees for obtaining the commercial license for establishing companies, and then registering in the Chamber of Commerce as a member.
Costs of establishing a company in the Emirates:
The costs of establishing a company in the UAE are limited to several expenses, which are as follows:
- Price of commercial license (license to practice business)
- The price of the office or company location through which you conduct business, whether renting or buying.
- The cost of purchasing items related to the furniture and decoration of the office in which you conduct your business.
- The cost of obtaining work permits for sponsored employees and obtaining the required visas for them under the name of your new company.
- The cost of opening a new bank account in one of the banks in the company’s name and depositing the minimum capital depending on the type of your business activity.
- The cost of the legal form of the company, meaning that it is commercial, industrial or professional, has a fundamental role in determining the cost of establishment. The costs of establishing industrial companies are higher than those of establishing commercial and professional companies.
- The cost of obtaining and extracting a commercial license in the Emirates.