The United Arab Emirates encourages investment of all kinds. It has recently enacted laws that strongly encourage young people to enter the field of investment, and by establishing a company in the Emirates. Minors, those who have reached the age of majority, or those who have completed 18 full Gregorian years, have the right to establish a private company. From now on, they can achieve huge profits through the expansion of investment opportunities in Dubai and the Emirates.

Law enabling minors to establish companies

The Ministry of Investment and International Cooperation in the Emirates confirmed that the new project affiliated with the Companies Establishment Law regulates the stages of an individual’s life, the stages of his maturity, his mental awareness, and how to acquire the expertise that qualifies him as a financial worker, especially in the field of establishing companies, as it involves a branch of financial speculation, and therefore the matter is not without possibilities. Taking risks with the aim of making profit and avoiding loss.

The report continues that the conditions for starting a founder are that he must have reached the legal age of majority, that is, 21 years of age, and it is also assumed that the individual has broadened his awareness and acquired the cumulative experience that qualifies him to practice commercial activity.

The report indicated that the legislator has permitted a minor, upon reaching the full year of 18 years of birth, with permission from the competent court, to begin commercial activities, including establishing companies, within the limits and conditions stated in the declaration. In this case, he is called a minor authorized to trade.

The cost of establishing a company for minors in the UAE

The cost of establishing a company in the Emirates for minors varies according to your choices and the specific spaces, as well as the place you will choose to establish a company in Dubai for foreigners, and knowing the spaces in which the projects will be held. There is also choosing the place according to the type of activity, and also there are free zones where the prices of companies and projects differ more, as Establishing a company in Dubai for locals is different from establishing a company in Dubai for foreigners, and so on. There are several points to know the costs of establishing a company in the free zone and Al Qasr, which are:

• Pay the fees for renting the area or location of the company to be established.
• Paying commercial activity fees to the relevant institutions.
• Payment of trade name and commercial registration fees.
• Payment of all bank dues for the stages of conducting commercial activity in its free zones.
• Determine the value of profits and conduct a complete feasibility study in order to reach the best results after paying taxes and state dues.
• Pay the price of the commercial license in Dubai or the value of the instant license in Dubai if the investment location in Dubai is in one of the free zones such as Jebel Ali Free Zone.
• You must adhere to everything approved by the UAE legal authority and strictly apply all fees that may be imposed.

Steps to establish a company for a minor:

In order to reach a high degree of professionalism, before thinking about establishing a company in Dubai, you must know everything related to the steps of investment in Dubai. There are many steps for establishing a company for a minor that must be adhered to and followed to achieve the greatest return on investment in Dubai, and these steps include:

Determining the goal of investment: It is to renew any field in which you want to invest your money. Here, you seek to determine the activity that is appropriate for the capital that you specify. It is considered the most important step in knowing how to manage your money properly, directing your money in the correct investment, and knowing in which field you will put your capital. There are many fields, including the commercial, industrial, or professional financial market or the real estate field, as the real estate field in Dubai is characterized as one of the most important targeted investments because of its strong profitable return and also clear economic stability.

Conducting a feasibility study for the project: It is a plan that consists of conducting a feasibility study for the project and determining the capital required to invest in Dubai in a large and precise manner, and also making a reserve for it, as every economist must have a large economic portfolio in order not to be exposed to economic loss in the crises that may occur. He has his own company or project that he is starting to implement and makes profit forecasts using a modern and advanced methodological study.

Studying economic market dynamics: This consists of knowing what the market needs. There are some places that need industrial projects, such as industrial zones, such as establishing a company in Jebel Ali, where there is an open market. You must also know the steps for investing in Jebel Ali, as it is one of the most important free zones in the country in which you can Establishing a company in the free zone, and you must also know whether it is compatible with its market needs or not, and also whether it requires multiple activities, and you must know and determine the categories consuming the products that you will provide to them and know how to market them in the appropriate manner and also in the manner that achieves the highest profit for the company or facility that you are establishing. .

Conditions for establishing a company in Dubai

In order to establish a company in Dubai or establish a company in Jebel Ali, there are several important steps that must be followed, through which Arab investors can benefit from all the advantages of investing in the Emirates. Here are the conditions for establishing a company in Dubai :

• Choosing the activity: This is the first step to establishing a company in Dubai or establishing a company in the free zone, as you begin by determining what is the appropriate activity, and this will be determined by the place where you will create the broad base from which you will choose from all economic fields, professional, commercial, and industrial, the appropriate field for you.
• Commercial registration: This is the second step and is linked to the first stage. The trade name of your company is what distinguishes it commercially from other companies in the same field as yours. There are some conditions in order to obtain the approval of the Department of Economic Development for registration.
• Initial approval: This is the third step after determining the activity, commercial registration, and choosing the name of the activity. Before the initial approval to establish a company in Dubai for foreigners, it must obtain the approval of the General Directorate of Residency and Foreigners Affairs.
• Choosing the company’s headquarters: All companies located in the UAE must have a fixed address in the Emirates. Whether establishing a company in the free zone in Dubai, such as establishing a company in Jebel Ali, or outside it, will require you to provide a lease contract certified by the Dubai Real Estate Regulatory Authority. You can add a license to your current activity.
• Obtaining approvals from the relevant authorities in the facility: such as legal consultations, insurance and transportation activities.
• Obtaining a commercial license in Dubai: To obtain a commercial license in Dubai.

Establishing a company in the free zone for minors

Investing by minors in free zones in the United Arab Emirates is the opportunity awaited by many young investors and field pioneers who want to establish a company in the emerging free zone that is their own, without the need to communicate with a local sponsor. Investment authorities determine the conditions for establishing a company in Dubai. In cooperation with the Gulf Cooperation Council, this type of company has been allocated to serve the idea of ​​foreign and Arab investment, as it encourages investors to establish their own companies here in the Emirates, as this system is characterized by ease and also low establishment costs.