Trade and investment in Dubai

Some people would like to know some details about trade and investment in Dubai because it is famous for the favorable investment environment and flexibility it provides to investors, whether local or international. The government promotes entrepreneurial vision and seeks to provide the optimal environment for business by implementing innovative policies and laws aimed at facilitating investment, enhancing transparency, and protecting investors’ rights.

In addition, Dubai hosts many major international exhibitions and conferences, making it an ideal destination for companies wishing to expand their business, exchange knowledge and network with other international companies.

The important role that technology plays in Dubai cannot be overlooked, as the city is considered one of the most technologically advanced in the region. Innovation and technology entrepreneurship are supported by government initiatives aimed at developing the technology sector and attracting startups and investors in this field.

In this article, we will explore the world of trade and investment in Dubai in more detail, by exploring available investment opportunities, and learning about the main economic sectors.

Trade and investment in Dubai

Dubai International Financial Centre

The center is considered one of the most important international markets for investment in Dubai, and also for investment in its free zone. It is considered a global commercial center that serves the countries of Asia, Africa, and the countries of the Middle East. It was established in 2004.

• One of the advantages of the center is that it is subject to an independent judicial authority affiliated with the international system. It also has a global stock exchange, and there is also a free zone through which trade and investment in global markets can be done.
• The center also houses multinational companies, housing, restaurants and gardens.
• Invest in Dubai is not a passing saying that we can recommend to any investor, but the UAE has emphasized this saying through the facilities it provides for successful investment there.
• An example of this is the tax exemption in the center for up to fifty years on the income and profits of institutions.

Steps to establish a company in Dubai

There are several steps that must be followed when thinking about establishing a company in Dubai, and you can rely on the experts of Itqan Company, which is considered one of the most reliable companies in Dubai. Here are the following steps:

1. Initial planning: Before starting the company establishment procedures, you must initially plan the company’s activity, and determine the type of company you want to establish, whether it is an individual company, a limited liability company, or a joint stock company.
2. Choosing a company name: You must choose a suitable and available name for the company. You must ensure that the name is compatible with the laws and regulations of the emirate.
3. Obtaining a license: You must obtain a license from the competent authorities in Dubai. The type of license depends on the company’s activity. You may need a license from the Dubai Department of Economic Development or the Free Zones Authority if you want to establish a company in a free zone.
4. Site selection: A suitable location must be chosen for the company’s headquarters in Dubai. You can rent a commercial office or go to one of the free zones that provide equipped office space.
5. Preparing legal documents: The legal documents required to establish the company must be prepared, such as articles of incorporation, corporate charters, and other agreements required by the type of company.
6. Company registration and other licenses: You must submit an application to register the company and obtain other required licenses, such as a business license and trade license.
7. Compliance with legal requirements: You must adhere to all legal requirements and local regulations related to companies in Dubai, such as submitting annual financial reports and adhering to tax laws and labor laws.

Establishing companies in the free zone:

Establishing companies in free zones is a popular option for investors who want to take advantage of the facilities and benefits these zones provide. Here are general steps for establishing a company in a free zone:

1. Study the market and develop a practical plan: Study the local market and analyze demand and supply, in addition to developing a detailed business plan that defines the company’s goals and how to achieve them.
2. Choosing a free zone: Find a free zone that suits your company’s activity and provides appropriate facilities.
3. Choose the type of company: Choose between different types of companies, such as limited liability company or partnership, and you must also specify the business activity.
4. Determine the shares and shareholders: Determine the percentage of shareholders and the shares that each of them will own. Business and establishment licenses can also be obtained by submitting an application to obtain business and establishment licenses from the Free Zone Authority.
   Obtain other government licenses necessary to start the business, and open a company bank account in a local bank.
5. Establishing a company in the free zone: Follow the legal procedures for establishing the company and obtain the necessary approvals.
6. Work Visas: Arrange the necessary work visas for foreign employees and shareholders if necessary.
7. Company Insurance: Insure the company against potential risks.
8. Getting Started: Start working in your company and connect with customers and suppliers.

Advantages of trade and investment in Dubai

Dubai has many advantages that make it an ideal destination for trade and investment. Indeed, the UAE in general is considered a source of attraction for many investors. Here are some of these features:

1. Strategic location: Dubai is located in the heart of the Middle East and is considered a meeting point for many continents. It has advanced logistics and transportation facilities, including Dubai International Airport, which is one of the busiest airports in the world. Thanks to this strategic location, various global markets can be easily accessed.
2. Advanced infrastructure: Dubai is characterized by a modern and advanced infrastructure, and provides a suitable environment for business. The city has a developed network of roads, bridges, airports and ports, and enjoys modern communications and technology services. The government also provides the necessary support to develop infrastructure and improve public services.
3. Stimulating investment environment: The Dubai government adopts stimulating investment policies and strives to provide a business-friendly environment. Bureaucratic procedures are fast and transparent, and there are funding and support opportunities for SMEs and start-ups. It also provides legal protection and intellectual property rights to investors.
4. Diverse and dynamic market: Dubai has great economic diversity, providing investment opportunities in various sectors such as real estate, finance, business, hospitality, technology, innovation and creative industries. Investors can choose the sector that matches their interests, skills and financial orientation.
5. Multinational Workforce: A diverse international community of different nationalities lives and works in Dubai. It has a specialized and multilingual workforce, making it a suitable place for global companies to recruit qualified talent from all over the world.
6. Quality of Life: Dubai has high standards in quality of life and well-being. The city provides advanced infrastructure, high-level medical and educational facilities, and a wide range of entertainment and shopping services. It also has a moderate climate throughout the year and high security, which enhances the attractiveness of living and working in the city.

Establishing companies in the free zone

The best investment places in the Emirates

The United Arab Emirates is considered one of the most important investment destinations in the world, and is characterized by many thriving economic sectors and diverse investment opportunities. Here is a list of some of the best investment places in the UAE:

• Dubai : Dubai is a diverse investment destination that includes real estate, hospitality, retail, technology, logistics, and tourism.
  In addition, the real estate market in Dubai is characterized by rapid growth and strong demand from national and international investors.
• Abu Dhabi: Abu Dhabi offers investment opportunities in energy, infrastructure, tourism, education, and technological innovation. Abu Dhabi also hosts a number of major projects such as the Masdar City project and the Saadiyat Island project.
• Sharjah: Sharjah is a center of culture and heritage and provides opportunities in the cultural, educational and technical sectors. The Sharjah government also promotes innovation and leadership through its initiatives that support startups and technological innovation.
• Ras Al Khaimah: Ras Al Khaimah is characterized by its picturesque nature and tourist environment, which provides opportunities in tourism, hospitality and real estate. The government of Ras Al Khaimah also enhances the tourism sector by developing tourism products and improving infrastructure.
• Ajman: Ajman is considered an important investment location for industrial and logistics companies due to its strategic location between Dubai and Sharjah, in addition to the fact that the Ajman government encourages investment in industries based on technology and innovation.
• Umm Al Quwain: Umm Al Quwain is characterized by beautiful nature and a tranquil environment, and offers opportunities in tourism, agriculture and culture. The government of Umm Al Quwain also seeks to diversify and enhance economic diversity through diversification of economic sectors.
• Fujairah: Fujairah provides opportunities in heavy industry, tourism, agriculture and manufacturing. The Fujairah government is also promoting investment in local industries and improving infrastructure to support businesses.

It is worth noting that the UAE provides many diverse investment opportunities in various sectors, and the government encourages national and international investment by providing a favorable investment environment and encouraging government facilities.

At the conclusion of this article, we can say that Dubai is considered a distinguished investment destination that attracts investors from all over the world. Dubai features advanced infrastructure, flexible laws, and a stable economic environment, making it an ideal place to start and grow a business.

The Dubai government encourages investment in various economic sectors, and provides government facilities to national and foreign investors. Dubai also seeks to enhance international trade by developing ports and airports and facilitating shipping operations.

The most important frequently asked questions about trade and investment in Dubai