It is now possible for any person in the Emirates, regardless of his financial ability and financial budget, to start any type of commercial activity there. This is due to the different living conditions there and the multiplicity of its requirements and expenses. It is also due to the difference and multiplicity of types of investment and its needs between each emirate and another in the Emirates.

We notice an increase in the proportion of population, an increase in the number of births, and an increase in people heading to the Emirates, which has led to their need for many diverse and different services necessary for life. This leads to a multiplicity of investments in Dubai, whether they are investors holding Emirati nationality who own capital, or they are migrant workers, etc. It is considered one of the best countries in which you can start a new trade or any new investment, whatever its type.

How to establish a company in the UAE

It is necessary to have and obtain a business visa in the Emirates in order to invest in the Emirates. You can establish a company in the Emirates, establish a company in Jeel Ali, or establish a company in the free zones in the event of a desire to obtain residency in the Emirates for investment, and this is for businesses related to professionals in the liberal professions. This requires a commercial license for work, and the price of a work visa ranges from 2,500 dirhams to 16,000 dirhams, depending on the nature of the free zone in which investment and work are done in the Emirates.

As companies wishing to establish their businesses in the free zone or in Jebel Ali enjoy greater flexibility in choosing multiple commercial or service activities that are appropriate to the nature of their work. In addition to this, all that distinguishes these areas is the comprehensive tax exemption, and this is considered one of the biggest factors attracting many new contractors. This contributes to revitalizing the experience of investors when convening or establishing companies in the free zone, establishing companies in Jebel Ali, or establishing a company in the Emirates and conducting its business.

Costs of establishing a company in the UAE

 The costs of establishing a company in the Emirates are limited to several expenses, which are as follows:

• The price of obtaining a commercial license (license to practice business).
• The price of purchasing the site for the office or the company that conducts business through it, whether renting or purchasing.
• The purchase price of items also related to the furniture and décor of the office or the company in which you conduct your business.
• The price for obtaining and obtaining work permits for sponsored employees and the visas required for them under the name of your new company.
• The price of opening a new bank account in the name of the company in a bank and then depositing the minimum capital according to 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 cost of establishing industrial companies is higher than that of establishing commercial and professional companies.
• Finally, the cost of obtaining a commercial license in Dubai.

Residence and investment in the Emirates

The UAE is considered one of the best distinguished places in which one can invest, but investing in the Emirates requires many conditions, and the most important of these conditions is residence there. We are now clarifying the relationship between investment and residence in the Emirates for migrant workers who have excellent investment ideas and capital while developing an investment plan. They want to know about residency in the Emirates and its relationship to investment.

We will clarify, pointing out the impact of residency on investment in the Emirates, how to reside there, the conditions for residency in the Emirates in general, what are the best places in which they can invest their money there, identifying the best locations, and the role of the Emirati government in activating and stimulating investment in the Emirates. These questions we will answer in this topic.

Residence and investment in the Emirates have a close relationship linked to each other in the multiplicity of commercial activities in Sharjah and the stimulation of the movement of the trade and investment market, making it one of the best countries in which investment can be made through skilled migrant workers. Capital owners have established several investment companies in it in order to invest their money, and this is in addition to The UAE government provides services to facilitate the investment process in the Emirates. It also works to provide the special needs of new projects in all ways and in the fastest time. It works to facilitate all the facilities and services necessary to start any type of these investments and also works to provide housing there by reducing the percentage of real estate rents. Or buy it, which makes buying any property in the Emirates a real investor there and has the right to own it and invest in it, whatever its value.

Real estate residency in the Emirates is also considered what leads to real estate investment, and real estate investment in the Emirates consists of purchasing any building, any residential facility, any company, or purchasing a piece of land to establish an investment company on it, but with the availability of several conditions that are available and not restricted at all.

Steps to establish a company in the UAE

Despite the facilities provided by the UAE government in establishing investment companies there for migrant workers, it has made clear that it has set several basic conditions that must be adhered to, which are as follows:

Determine the nature of the company’s activity:

It is necessary to determine the nature of the activity of the company that you wish to establish in the Emirates, and the number of activities varies depending on whether it is a commercial activity, a professional activity, or an industrial activity, and all of them are economic activities, and we all know that the number of economic activities in the Emirates is approximately twenty thousand multiple economic activities, and the Emirati government is working on Facilitating determining the type of this activity.

Determine the legal form of the company:

It is also necessary to determine the legal form of the company so that the competent bodies know in which type of companies your new company will adapt. There are five types of companies according to its legal form, which are (solidarity company, limited liability company, public joint-stock company, private joint-stock company, and civil works company).

Trade name registration:

The trade name when establishing a company in the Emirates is what distinguishes any license from another. It is also related to the form and activity of the company and is approved under several conditions that are stipulated and applied by the Department of Economic Development before approving it, namely that the trade name does not contain any words that are inappropriate for the country. The name must not contravene public taste and country specificity, and the company name (trade name) must accurately and clearly reflect the commercial activity.

Obtaining initial approval:

After determining the company’s commercial activity, determining its legal form, and knowing and registering its trade name, you must now obtain initial approval from the competent authorities and bodies for your economic activity for the company, and you must follow up in order to obtain the approval of the authorities related to the activity.

Preparing the articles of incorporation and choosing a location for your business:

Concluding or preparing the contract for establishing a company in Jebel Ali, establishing a company in the free zone, or establishing a company in the Emirates involves bringing the original contract of incorporation in agreement between you and the competent authorities in the Emirates or in the free zone. You must also choose a location to establish the company in Jebel Ali. Or establish a company in the Emirates. To conduct your business, established companies must have an existing physical address located in the United Arab Emirates.

Obtaining approvals from the authorities concerned with the facility’s activity:

Some activities and projects that take place in the Emirates require obtaining additional approvals from regulating bodies competent for those projects in question, such as approval from the Ministry of Economy, the Ministry of Interior, the Ministry of Justice and Civil Defense.

Obtaining the license:

After completing all the aforementioned procedures to prepare and establish an investment company in Jebel Ali or establish a company in the Emirates, you can now receive the license to practice the activity for which you want to establish the company after attaching many of the required documents and paying the commercial license fees for establishing companies, then after registering in the Chamber of Commerce. As a member.