Invest in Dubai. In this article, we will review for you everything related to the new investment law in the Emirates. We will learn about the new investment law in the Emirates and discuss its implications and various aspects. The Emirates has recently become among the countries that attract investors through… Full support for them in all economic fields, and also through the enactment of new laws that provide foreign and Arab investors, as well as local investors, with all powers to make successful investments. We will learn many details about the new investment law in the Emirates

 

What is the importance of the new investment law in the UAE?

The new law offers many advantages that help in investing in Dubai by providing all sources of attraction to foreign and Arab investors, as well as local investors. The importance of the new law is due to several important points that it provides in a different way to support the economy, which are:

1. The new law supports ownership rights for foreign investors.
2. The project is fully supported by investment companies in the United Arab Emirates in some sectors of the economy.
3. The new law allows the founder of the company to own 100 percent of it, which contributes to solving many of the problems that arise
4. It faces investors, which causes a disturbance in the company’s balance due to the lack of ownership law.
5. Lack of ownership of assets in companies at the end of 2019 reached 49 percent.
6. The new law applies only to strategic sectors so far until further details emerge.

Consequences of implementing the new investment law in the UAE

The new law, if fully implemented, will produce many results, which are the results that all investors aspire to when thinking about the obstacles they may face when thinking about how to invest in Dubai. Here are some of those effective results:

In many of the free zones that greatly support investment in Dubai and are also one of the largest economic pillars that the UAE in general and Dubai in particular rely on for investment pillars, the new law provides the right to own property in those free zones that include thousands of companies operating in various fields. Economy.

The free zone in Dubai, which is considered a role model in stimulating the economy and also greatly supporting investors through its high ability to adapt to the new law and the ability to give the greatest opportunities to investors in accordance with what is approved by the new investment law and facilitating the establishment of a commercial license in Dubai .

The role of the new investment law in attracting investments

The new investment law has been postponed for long periods, and the time has come for it to be launched on an expanded basis in order to contribute to the significant progress of foreign investment, as it prepares the country for a new phase of economic prosperity and rising economic growth.

Although the UAE occupies a high position among the economically developed countries in the world, the UAE is seeking further progress as it is now included in the list of the 10 most attractive countries for investment in the world as it is a fertile environment for foreign direct investment.

According to the new law, the state facilitates the conditions for establishing a company in the Gulf through the Joint Gulf States Law.

Foreigners owning companies in the Emirates is legalized, which makes it easier for investors to conduct all stages of investment in Dubai smoothly without the complications they faced in the past, which helps attract foreign investors from various countries of the world, and also works to benefit from the UAE’s distinctive geographical location, which makes The UAE is the first destination for investment in the Middle East and the Arab world.

Investment costs in Dubai

Investment costs in Dubai are calculated by conducting a study of any specific project, depending on the activity or field that you have chosen. The value of 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, etc. Likewise, indicate whether the investment idea is to establish a factory or a company. Also, you can establish a company in Dubai at the lowest costs by contributing to already established companies.

Investing in Dubai comes with many costs related to setting up and operating businesses, which vary based on the type of business and the location of the company. Among these costs:

1. Registration and establishment costs: These include registration fees with the Department of Economic Development and other concerned parties, in addition to the costs of preparing documents and contracts.
2. Rents and Utilities: Costs for renting offices or commercial stores in Dubai, which vary based on location and size. In addition to the costs of electricity, water, internet and other basic utilities.
3. Licenses and Permits: Includes the costs of obtaining the necessary licenses and permits to conduct business activity, which may vary depending on the type of activity and local laws.
4. Labor and employees: includes employee salaries and labor recruitment costs, in addition to accommodation and health insurance costs.
5. Marketing and Advertising: Marketing and advertising costs to attract customers and build a brand, whether through traditional or digital media.
6. Legal Consulting and Services: Legal and accounting consulting costs, which help ensure the company complies with local laws and regulations. Investing in Dubai requires careful planning and a comprehensive assessment of these costs to ensure success and sustainability in the market.

Conditions for establishing a company in Dubai

The UAE is working to facilitate all ways of investing in Dubai through the new investment law, as it makes the conditions for establishing a company in Dubai simple and uncomplicated, so invest in Dubai through several important steps that must be followed to meet the conditions for establishing a company in the free zone in particular or in Dubai. in general:

1. Determine the activity: The first step to start investing in Dubai is to determine your activity, and it also depends on what you choose
2. The activity that is appropriate for the location and the activity is also within the needs of the population consuming the product in the location you have chosen and the activity that has been identified.
3. Commercial Registration: This is the second step. In this step, you can determine the trade name of the company you are establishing
4. Accordingly, you begin to proceed, as you must fulfill all the requirements of the Department of Economic Development in order to be able to obtain
5. To approve the registration of your company.

There are some conditions to obtain the approval of the Department of Economic Development for commercial registration, which are:

1. The trade name you have chosen must not violate public taste and must not contain inappropriate phrases or words.
2. The legal form of the company must be linked to the trade name.
3. The company name must not be registered by another company.
4. Also, the trade name must reflect the product or activity it offers.
5. The trade name must be free of the word “God” or “the Lord” or any of the beautiful names of God.
6. The trade name must not include any name of government institutions or political slogans.
7. You must first obtain approval from the General Directorate of Residency and Foreigners Affairs and then after that
8. We move on to initial approval from the rest of the relevant bodies.
9. It is necessary for a company to be established in Dubai for foreigners to have a fixed and well-established location
10. It is legal in Dubai in particular or in the UAE in general, as it requires you to obtain a lease contract notarized by an authority
11. Real estate regulation in Dubai.
12. Approval of the relevant authorities in the company: such as transportation authorities, as well as the authorities responsible for insurance in the company, as well as legal consultations. And pay the cost of a business license in the Dubai Free Zone.

In the end, we have reviewed for you everything related to the new investment law in the Emirates, how to establish a company in Dubai , and also the costs of investing in Dubai.

 

Investment opportunities in the Emirates

The United Arab Emirates offers an attractive and diverse investment environment, making it a preferred destination for investors from all over the world. Here are some investment opportunities available in the UAE:

• Real estate sector: Investing in real estate is one of the most attractive investments in the Emirates, especially in cities such as Dubai and Abu Dhabi. This sector includes residential and commercial real estate, hotels and resorts.
• Tourism and hospitality sector: With the continued growth in the number of tourists coming to the Emirates, investment in hotels, restaurants and entertainment resorts is considered a promising opportunity. The UAE is always seeking to strengthen its position as a global tourist destination.
• Technology and Innovation Sector: The UAE supports innovation and advanced technology, making it an ideal place to invest in startups, financial technology (fintech), artificial intelligence, and the Internet of Things.
• Health Sector: With the growing interest in health and wellness, the healthcare sector provides investment opportunities in hospitals, medical centers and medical technology.
• Education sector: Investment in educational institutions, schools and universities provides promising opportunities due to the increasing demand for high-quality education.
• Renewable energy sector: The UAE seeks sustainability and clean energy, making investment in solar, wind and water desalination projects interesting areas.
• Trade and logistics sector: Thanks to its strategic location, the UAE is an important trade and logistics center, which opens the way for investment in ports, free zones and logistics services.
• Food industries and agriculture sector: There are opportunities for investment in food industries and sustainable agriculture, as the UAE seeks to achieve food security and enhance local production.

These are some examples of investment opportunities available in the UAE, which make it an ideal environment for investors looking to diversify their investments and benefit from continued economic growth.

In conclusion, the UAE investment law represents a qualitative leap in enhancing the business environment and attracting foreign investments. By providing encouraging facilities and incentives, the law reflects the UAE’s vision towards promoting economic diversification and achieving sustainable development. The recent amendments to the law demonstrate the UAE government’s commitment to providing a transparent and stable investment environment, making the UAE an ideal destination for ambitious investors from all over the world. Undoubtedly, this law will contribute to driving economic growth and strengthening the UAE’s position as a global center for business and investment.

Frequently asked questions about the new investment law in the UAE