Investing in Dubai is a great choice for any investor who wants to invest in the Middle East or the Middle East in general, because of its advantages and facilities. If you are a businessman or if you are a non-UAE investor and want to establish a small, medium or even giant company outside the borders of your country, it is great to think about heading to Dubai and starting to establish your new activity there. Here are a few lines to explain why you should choose Dubai as an investment destination for Al Mazaya General. I will also show you many other things that are of great importance, such as the privileges you will gain as an investor, the opportunities to invest in Dubai, the procedures for establishing a new activity.
Why invest in Dubai?
1 - Global Infrastructure:
The infrastructure in Dubai is among the best in the world, and the better the infrastructure, the better it will help investors and business owners achieve their goals and excellence in their business. There is Dubai International Airport, which is ranked among the world's most developed airports and more than 130 airlines Freight and passenger services from their countries to Dubai and vice versa. There is also a global metro network, paved roads, low congestion rates, and many ports through which cargo can be shipped to various international markets. Moreover, Yeh, sewage systems, water networks) operate more than excellent, and certainly must not forget the internet that are among the best in the world networks.
2 - Growth of Trade and Investment Sector:
Dubai's trade and investment sector has grown significantly over the last few years and the UAE is not dependent on oil as a major source of economic development and improvement. There are many sources such as trade, services and finance. Dubai is a regional hub for trade and investment in many outstanding commodities such as gold, diamonds, precious stones, psycho-metals, pearls, fashion and jewelry.
3 - Tax system:
No taxes are imposed on personal income and do not impose taxes on capital gains and no tax deduction. The oil-producing companies and the foreign banks have to pay taxes on their profits. For companies operating in the free zones, they have many attractive financial incentives, such as tax breaks for a 15-year period which can be increased. No need for a local partner, no reluctance If the investor wishes to transfer 100% of the capital or profit, the minimum capital investment is not imposed.
4 - Growth of the tourism sector:
Every year, more than 15 million tourists from all over the world visit Dubai, other than other expatriates who come for other purposes such as study, work or treatment. A large number of these tourists and expatriates buy goods and services. And companies with abundant profits.
5 - Rising standard of living:
The United Arab Emirates occupies the first position as the best country in terms of high standard of living in the Middle East, and this is more than wonderful for both the owners of shops and commercial companies and anyone who is eager to invest in Dubai or the UAE in general.
Privileges you will acquire as an investor:
Investment opportunities in Dubai:
Four sectors account for about 74% of Dubai's non-oil GDP. These sectors are manufacturing, construction, trade, repairs and services. The services sector accounts for the largest percentage of the city's GDP and can be divided into hospitality, transport, warehousing, real estate, personal services and corporate services. Since 2000, the services sector has become the most developed sector in the city. One of the factors supporting the strength of the service sector is the attempt to improve the city's e-commerce infrastructure. Etisalat and du have provided secure online tools to help with this growing field. For companies that open outside Dubai's free zones, there are many forms available for ownership. The form your company will take depends on your nationality and the services you provide. For non-GCC nationals, they are restricted to limited liability companies and private equity firms, while GCC nationals can own private companies and joint venture capital firms. You should keep in mind that nationals from outside the GCC must have a partner from the UAE and must have at least 51% of the company.
Procedures for establishing a new activity:
The stages of establishing a new company or activity are divided into three phases.
1. Initial Approval:
2 - Establishment of the company:
After obtaining the approval of the threshold, it is necessary to work on the establishment of the company, and in order for the investor to establish his new company is required to provide the following documents and requirements,
3 - Extracting the residence permit:
Surely the investor must obtain a legal permit to be able to manage his company or new mediation, and in order to be able to extract the residence permit, it is required to provide the following documents,
Important Note: If you are serious about investing in Dubai, I think you need to read more about legislation, types of companies, authorized activities and other prohibited activities and other important things. It is good that you will find a lot of useful information especially on the websites of the UAE government.
Why invest in Dubai?
1 - Global Infrastructure:
The infrastructure in Dubai is among the best in the world, and the better the infrastructure, the better it will help investors and business owners achieve their goals and excellence in their business. There is Dubai International Airport, which is ranked among the world's most developed airports and more than 130 airlines Freight and passenger services from their countries to Dubai and vice versa. There is also a global metro network, paved roads, low congestion rates, and many ports through which cargo can be shipped to various international markets. Moreover, Yeh, sewage systems, water networks) operate more than excellent, and certainly must not forget the internet that are among the best in the world networks.
2 - Growth of Trade and Investment Sector:
Dubai's trade and investment sector has grown significantly over the last few years and the UAE is not dependent on oil as a major source of economic development and improvement. There are many sources such as trade, services and finance. Dubai is a regional hub for trade and investment in many outstanding commodities such as gold, diamonds, precious stones, psycho-metals, pearls, fashion and jewelry.
3 - Tax system:
No taxes are imposed on personal income and do not impose taxes on capital gains and no tax deduction. The oil-producing companies and the foreign banks have to pay taxes on their profits. For companies operating in the free zones, they have many attractive financial incentives, such as tax breaks for a 15-year period which can be increased. No need for a local partner, no reluctance If the investor wishes to transfer 100% of the capital or profit, the minimum capital investment is not imposed.
4 - Growth of the tourism sector:
Every year, more than 15 million tourists from all over the world visit Dubai, other than other expatriates who come for other purposes such as study, work or treatment. A large number of these tourists and expatriates buy goods and services. And companies with abundant profits.
5 - Rising standard of living:
The United Arab Emirates occupies the first position as the best country in terms of high standard of living in the Middle East, and this is more than wonderful for both the owners of shops and commercial companies and anyone who is eager to invest in Dubai or the UAE in general.
Privileges you will acquire as an investor:
- You can establish a company of any kind (commercial, industrial, service, advisory, etc.).
- You will receive a residence visa and have the right to add up to 5 partners.
- You can obtain work visas for employees coming from other countries.
- You do not need local investors. The law allows you to own 100%.
- Your company will be exempted from 100% tax.
- You can transfer all your profits or all capital, as the law allows you to do so. It allows you to navigate between the GCC and this feature is more than wonderful.
- You can open bank accounts at any local or foreign bank.
- You are free to buy and own real estate.
- You will get family accommodation system dependency.
- Great ease of travel procedures to the United States and Europe.
Investment opportunities in Dubai:
Four sectors account for about 74% of Dubai's non-oil GDP. These sectors are manufacturing, construction, trade, repairs and services. The services sector accounts for the largest percentage of the city's GDP and can be divided into hospitality, transport, warehousing, real estate, personal services and corporate services. Since 2000, the services sector has become the most developed sector in the city. One of the factors supporting the strength of the service sector is the attempt to improve the city's e-commerce infrastructure. Etisalat and du have provided secure online tools to help with this growing field. For companies that open outside Dubai's free zones, there are many forms available for ownership. The form your company will take depends on your nationality and the services you provide. For non-GCC nationals, they are restricted to limited liability companies and private equity firms, while GCC nationals can own private companies and joint venture capital firms. You should keep in mind that nationals from outside the GCC must have a partner from the UAE and must have at least 51% of the company.
Procedures for establishing a new activity:
The stages of establishing a new company or activity are divided into three phases.
1. Initial Approval:
- A copy of the valid passport.
- Choose a brand name.
- Select a business type.
- Fill out the form.
2 - Establishment of the company:
After obtaining the approval of the threshold, it is necessary to work on the establishment of the company, and in order for the investor to establish his new company is required to provide the following documents and requirements,
- Signature of the service contract.
- Signature of the Memorandum of Association.
- Signature of Articles of Incorporation.
- Fill out the declaration form.
- Authorization letter.
- A commercial agency certified by the UAE Embassy.
- Copy of passport (valid for 6 months).
- Authorization Card.
- Company Information Form.
- Signature Model.
- Signature of Form "4".
3 - Extracting the residence permit:
Surely the investor must obtain a legal permit to be able to manage his company or new mediation, and in order to be able to extract the residence permit, it is required to provide the following documents,
- 3 photos.
- Copy of passport (valid for 6 months).
- Signature Visa Residence Application.
- Copy of Commercial Registration.
- Signature of pledge letter.
- Signing the letter of acknowledgment.
Important Note: If you are serious about investing in Dubai, I think you need to read more about legislation, types of companies, authorized activities and other prohibited activities and other important things. It is good that you will find a lot of useful information especially on the websites of the UAE government.
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