The UAE is one of the pioneers in attracting foreign investments to it. In this regard, it ranked sixth in the world. The reason for this is the facilities provided by the UAE when residing and investing in Dubai. In terms of setting the conditions for the residence of a foreign investor in the UAE, Granting permanent residency to some foreign groups.

There are also other advantages in the UAE, In addition to the facilities it provides, Which makes any investor seek to implement the conditions of residence of a foreign investor in the Emirates, Including the presence of free zones in Dubai, The distinguished location of the UAE, and the political, economic and security stability that the UAE enjoys. In addition to social stability.

Investing in Dubai:

Investing in Dubai is the dream of any foreign investor. This is because there are several reasons and advantages for investing in Dubai. The first thing that comes to the mind of any foreign investor who hears advice is to invest in Dubai. He is the reasons and motives for moving his investments to Dubai. We will talk in some detail about these motives and reasons. Which are also considered the advantages enjoyed by the UAE, In the following points:

First: The UAE’s strategic and distinguished location between the continents, Where it connects the countries of the continent of Asia, Africa, Europe and South America, Which gives the commercial markets a global character, Which encourages the investor to hear the advice of investing in Dubai.

Second: The infrastructure of the UAE, the UAE is characterized by the presence of good infrastructure in it, and the UAE allocates huge funds to obtain an infrastructure that is suitable for the volume of investments in it, and also contracts with major international companies, to make this infrastructure, in order to create ways for the success of foreign investments in it, and that is from Through the establishment of a road network with international specifications for ease of movement, and linking all the emirates to each other, it also provides good infrastructure in its commercial markets, as well as in the free zones, which is the most important.

Also in this regard, the UAE has carried out many projects for the development of its infrastructure. Recently, it announced a project to build the largest commercial wholesale market, It covers an area of five hundred and fifty million square metres. at a cost of thirty billion dirhams, The aim of establishing this project is to acquire a percentage of the global economy. which is expected to be approximately four trillion dollars in size, This project is characterized by a distinct logistical location, Where the project is located between the Jebel Ali Free Zone, and Al Maktoum International Airport, Which gives great importance to this project.

Third: security and political stability in the Emirates, The UAE is characterized by political stability and security despite the presence of many different nationalities. This stability is due to the UAE government’s achievement of the principle of legal and human rights equality among all its citizens, despite their different nationalities and cultures. By upholding the values of equality and brotherhood, respect for the other, Peaceful coexistence among all different nationalities.

Fourthly: social stability in the Emirates, As we explained before, the UAE has different nationalities. To achieve the principle of social equality in the Emirates, The government provides all means of comfort and luxury for all citizens. It also provides the best services in the field of health, education and housing.

Fifth: economic stability in the UAE, In the past, the UAE relied on oil and mining investments for its economy. But then the Emirates Investment Authority was created, In order to adopt strategic plans for the UAE economy not to depend on oil and mining, By integrating non-oil enterprises into the UAE economy, so that its participation rate is 80% by 2021, It is the golden jubilee of the UAE.

Sixthly: Existence of free zones in the UAE, which are global markets, The UAE is very interested in it in terms of its development.

Steps to invest in Dubai:

Before a foreign investor resides in the UAE, Know the steps to invest in Dubai, These are the steps for establishing a company in Dubai , and obtaining the necessary licenses to conduct business in it. We will present these steps in the following points:

First: The foreign investor must specify the type of activity of the company, By studying the UAE market well, And also study the needs of the target area for investment, On the basis of which the type of activity of the company is determined. whether professional, commercial, industrial, In this step, it is possible to seek the help of economists, Among the procedures to facilitate the establishment of a company in Dubai , which are provided by the UAE government, are: Is to provide many areas for investment activities in Dubai, The investor can choose what suits him best. With the help of the Department of Economic Development in Dubai.

secondly: After selecting the appropriate type of activity for the company, The next step is to define the name of the company. It must be compatible with the type of activity. It is also easy to market.

Third: One of the conditions set by the UAE when an investor resides in it is: Having an Emirati partner, and owns a limited liability company, or contracting with an authorized agent office in the Emirates, to obtain his services.

Fourthly: Choosing a suitable place to be the headquarters of the company, It must meet all international safety and security standards. to maintain the safety of its employees, And also the availability of all public facilities in it, such as electricity, water, and modern means of communication.

Fifth: Obtaining a lease contract for the company’s headquarters, or title deed, Documentation of these contracts in the relevant government agencies.

Sixthly: Submission of documents and papers related to the ownership of the company, type of activity, To the competent authorities in Dubai, And apply for a trade license in Dubai.

Seventh: Obtaining an initial approval for doing business.

Eighth: receive the trade license, And start the procedures for the company’s commercial registration.

Establishing a company in Dubai for foreigners

When establishing a company in Dubai for foreigners, There are costs for this. set by the UAE government, The foreign investor must know it in order to reside and invest in the UAE. divided into two parts, A special section for the fees for issuing the necessary licenses to carry out the company’s activity in Dubai. And fees for entering the markets in the Emirates.

We will talk in some detail about the costs of establishing a company in Dubai for foreigners in the following points:

first: Costs for obtaining the necessary licenses to carry out the company’s activity in Dubai:

• The fees for obtaining a commercial or industrial license vary. for obtaining a license to practice professional business, The costs of extracting the first one are six hundred dirhams. The cost of extracting the second is five hundred dirhams.
• Fees for obtaining an initial approval to conduct business and activity for the company in the Emirates from the competent authorities, One hundred dirhams.
• From the costs of establishing a company in the Emirates, Fees for selecting and registering a company name, Its value is two hundred and ten dirhams.
• Fees for the presence of the partner of Emirati nationality, five hundred dirhams.
• The fees for using the services of an authorized agent office in the UAE are Seven hundred dirhams.
• Fees for issuing the license, whatever type of activity there is, and printing it. It is fifty dirhams.
• As for the cost of a commercial license in the Dubai Free Zone, They differ in terms of whether it is a company or an institution. The cost of a commercial license in the Dubai Free Zone for companies is ten thousand dirhams. As for the cost of a commercial license in the Dubai Free Zone for the establishment, it is fifteen thousand dirhams.

secondly: Costs related to the company’s activity in the UAE market:

• The fees for practicing any kind of investment activities in the UAE market are calculated according to whether the company is based on the local law system. Or the law system for free zones in Dubai.

If it is on the first system, the fees will be 5% of the value of the company’s lease contract. If it is on the other system, the fees will be 7.5% of the value of the company’s lease.

• If the company’s headquarters is owned and not rented, Fees are calculated by forming a specialized committee by the UAE government.
• As for fees for residence and foreign investment in the Emirates, It is 5% of the value of his housing lease.
• There are other fees called waste fees, It is determined by the Emirates Waste Committee.

Residence and investment in Dubai:

The UAE has set several conditions for residency and investment in Dubai. In terms of permitted and impermissible activities for foreign investment, It is as follows

• Activities allowed to be practiced when residing and investing in Dubai:

First: All activities related to business management, whether for companies owned by foreign investors, or providing consultancy for the management of other companies.

secondly: All activities related to ownership, whether real estate or land.

Third: All activities related to speculation in the stock exchange, owning and selling shares.

• Activities that are not permitted when residing and investing in the UAE:

First: All activities related to oil, petroleum or mining, Whether by owning companies or the business of managing this type of investment, Or owning shares in the stock exchange for this activity.

secondly: aviation business, Such as owning and managing airlines within the Emirates, Or provide any management consultancy to the institutions working in this field, In addition to owning shares in the stock exchange related to this activity.

Third: All work related to the field of media, In terms of owning media agencies in all their forms, Both audio, read, written and visual.

Permanent residence:

The Emirates identified some foreign groups in it, who can obtain permanent residence in the UAE, These are the categories that contribute in one way or another to the development of the economy in the UAE. Such as:

• The category of investors in public investments.
• The category of talented people in various specialized fields, Like doctors, scientists, inventors, researchers other than science and knowledge, artists.
• Entrepreneur category.
• the academic excellence category, in high school, And also alumni.

These categories obtain permanent residence in the Emirates. they and their families, and some corporate members, years, ranging from five to ten years. renewable.