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Security approval to establish a company in Dubai

Security approval to establish a company in Dubai

You can learn how to obtain security approval to establish a company in Dubai, as Dubai has recently been considered one of the best investment countries in the world, especially in attracting foreign investments, as it is ranked sixth in the world in the field of foreign investments, and the investor can establish his business within the country via the Internet. In a very short time, no more than 15 minutes.

This can also be done through normal methods, and establishing a business within the emirates of the country requires completing a series of procedures and approvals required by the Department of Economic Development and other concerned authorities to officially register the establishment. One of the most important procedures required to establish a company in Dubai is security approval.

In the following lines, we will learn together about the steps for security approval to invest in Dubai, the papers required to obtain approval to invest in Dubai, the steps and advantages of investing in Dubai, and we will also explain to you, dear reader, what is meant by an immediate license.

Establishing a company in Dubai

Establishing a company in Dubai is considered an important and exciting step for investors, given the developed and encouraging business environment in the city. Here is a paragraph explaining the process of establishing companies in Dubai:

  1. Choosing the type of company: The investor must determine the type of company he wishes to establish, whether it is an individual company, a joint stock company, a limited liability company, or any other type that suits the investment objectives.
  2. Determine the business activity: You must determine the company’s commercial activity that you will undertake, and you must ensure that this activity is compatible with local regulations and laws in Dubai.
  3. Company name registration: The investor must register the company name with the local authorities in Dubai, and must ensure that the chosen name is not duplicated and complies with local laws.
  4. Submitting the necessary documents: The documents required to establish the company must be submitted, such as the personal documents of the shareholders, the necessary contracts, and any additional documents depending on the type of company and commercial activity.
  5. Obtaining licenses and permits: The process of establishing a company may require obtaining specific licenses and permits from local authorities in Dubai, such as a work permit and building permits if the company operates in the real estate sector.
  6. Pay the necessary fees: The investor must pay the necessary fees to complete the company establishment process, and these fees vary according to the type of company and services required.
  7. Establishing a bank account: Once the company establishment procedures are completed, the investor must open a bank account for the company, which is used to manage financial transfers and banking operations.

In short, establishing a company in Dubai requires adherence to specific procedures and dealing with relevant authorities according to local laws and regulations, and may require specialized consultation to ensure the successful implementation of the process.

 

Documents required to obtain approval to invest in Dubai 

To obtain approval to invest in Dubai, you must submit many necessary documents and information. Here is a general list of documents you may need:

  1. Investment application form: includes information about the investing company and investment objectives.
  2. Copy of passports of major shareholders and directors: to verify their identity.
  3. A copy of the residents’ ID card: if the company owns residents in the UAE.
  4. Commercial Registration Form: If the company is registered in another country.
  5. Business plan: includes a detailed description of the company’s activity and financial return expectations.
  6. Recent financial reports: to provide evidence of the company’s ability to afford costs.
  7. Economic activity report: shows the impact of investment on the local economy.
  8. A letter from the bank: proving the financial financing available to the company.
  9. A letter from the sponsor: If the investment is sponsored by a local entity.
  10. Lease contract: proving the address of the proposed company headquarters.

These documents depend on the type of investment and the investment company in question. You should contact the relevant government authority in Dubai or contact our company’s experts to achieve the best results to obtain a specific list of documents required for your specific case.

 

Steps to invest in Dubai

 As we explained before, there are some investment steps in Dubai that must be followed before moving to Dubai and starting to invest in it, such as:

  • In the beginning, the market in the Emirates must be studied well, specifically in the areas targeted by the investor, in terms of goods or services that are not present there or needed by the residents of this region, and also know the most appropriate way to market this product or service in this region. Accordingly, the type of company activity is determined, whether it is professional, commercial, or industrial, and the UAE provides, through the Department of Economic Development, many activities from which any investor can choose what suits him. 
  • Submit all required documents related to ownership of the company, its type of activity, and its name to the competent authorities to obtain the necessary licenses in order to invest in Dubai.
  • One of the procedures for establishing a company in Dubai is to choose an appropriate name for the company that also includes its type of activity.
  • Obtaining a company lease or ownership contract, and documenting the contracts in the relevant authorities in the Emirates.
  •  Applying to the competent authorities in the Emirates to obtain initial approval to conduct business in Dubai.
  • Choosing a suitable headquarters for the company. In this regard, the UAE provides many commercial centers in which companies have offices, equipped with the necessary facilities such as electricity, water, and means of communications, and also equipped with security in terms of guarding. These offices can be rented or owned.
  • When a foreign investor enters the Emirati market, the UAE stipulates that there be an Emirati partner who owns a limited liability company, or that he obtain services from an authorized agent’s office in the Emirates.
  • The last required procedures for establishing a company in Dubai are receiving the license and starting the company’s commercial registry.

 

What is meant by the Dubai instant license?

One of the most important facilities provided by Dubai to encourage foreign investments there when starting the steps to invest in Dubai is the Dubai Instant License, as the Dubai Instant License summarizes the steps for establishing a company in Dubai in one step.

The Dubai instant license is issued with only one exchange permit, but there is a condition when issuing the Dubai instant license, which is that it is valid only once when starting the steps to establish a company in Dubai, which is in the first year of the company, and upon renewal, all the papers required to obtain a commercial license in Dubai are submitted. Dubai. 

 

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Steps to invest in Dubai

 

Advantages of investing in Dubai 

Your investment in Dubai can provide you with many advantages that are available to every investor who wants to invest in Dubai, here are some of them:

  1. Advanced investment environment: Dubai is characterized by a modern and advanced investment environment, with the provision of modern infrastructure and facilities necessary to support businesses.
  2. Excellent strategic location: Dubai is considered an important strategic center in the world, making it an ideal base for expanding your business to regional and global markets.
  3. Diversity of economic sectors: Dubai provides investment opportunities in a variety of economic sectors, allowing you to achieve diversity in your investment portfolio.
  4. Government Facilities: The Dubai government provides great facilities to investors, including simple procedures for establishing companies and providing financial and logistical support.
  5. Not charging taxes: Some of Dubai’s free zones are considered tax-free zones, making them an ideal destination for companies looking to save costs.
  6. Cultural and recreational life: Dubai provides a vibrant and diverse environment of cultural and entertainment life, making it an excellent place to live and work.
  7. Political and security stability: Dubai enjoys political and security stability, which provides a safe and stable environment for investment.
  8. Technology and Innovation: Dubai strives to be a center for technology and innovation, providing great opportunities in the technology and innovation sector.

These are some of the advantages of investing in Dubai, and there are many other factors that make Dubai an interesting investment destination.

At the conclusion of our article, security approval for establishing a company in Dubai is considered a crucial and necessary step to ensure the success and continuity of business in the emirate. This approval indicates that the company has complied with all security laws and regulations, and is able to operate legally and safely in the business environment in Dubai.

After obtaining security approval, the company can begin its commercial activities with confidence and reassurance, which contributes to building its reputation and strengthening its position in the market. The security approval also reflects the strong commitment of the UAE government to providing a safe and conducive environment for business and investment in Dubai.

 

Frequently asked questions about security approval to establish a company in Dubai

What is security clearance and when do you need it?

Security approval is an approval from the security authorities in Dubai that you need before establishing a new company.

How can I obtain security approval?

An application must be submitted to the security authorities in Dubai, and the application and attached documents are evaluated to make a decision of approval or rejection.

What documents are required to obtain security approval?

The required documents may vary depending on the type of company and activity, but usually include the owner’s personal identity, business plan, and information about the proposed employees.

How long does it take to obtain security approval?

Obtaining security approval can take a few weeks, but this time may change depending on the nature of the company and the circumstances of the application.

Can security approval be refused?

Yes, security approval may be denied if the required security standards are not met.