The mission of the Emirates Investment Authority for foreigners

The United Arab Emirates is considered one of the most important investment destinations in the world, as it provides an ideal environment for investment by encouraging business and providing the necessary facilities. The Emirates Investment Authority, in cooperation with Itqan Company, plays a vital role in attracting foreign investments and directing them towards promising opportunities in various economic sectors. In this article, we will discuss the mission of the Emirates Investment Authority for Foreigners and how it cooperates with Itqan Company in achieving its goals of attracting foreign investments and supporting the national economy.

In our article today, we will shed light on the role of the Emirates Investment Authority in encouraging and facilitating foreign investments in the United Arab Emirates. The authority is considered an essential part of the country’s infrastructure that aims to attract capital and specialized human resources from all over the world. By providing support and assistance to foreign investors, the Authority plays a vital role in strengthening the national economy and achieving sustainable development. In this article, let us learn about the importance and role of the Emirates Investment Authority and how to facilitate the investment process for foreigners in the Emirates.

The mission of the Emirates Investment Authority for foreigners

The mission of the Emirates Investment Authority for Foreigners is to facilitate and encourage foreign investment in Dubai . The Authority aims to make the UAE a preferred destination for foreign investment by providing a suitable and encouraging investment environment, through several objectives and tasks, including:

1. Facilitating procedures: Facilitating the necessary procedures for foreign investors to start and operate businesses in the Emirates, including registering companies and obtaining the necessary licenses.
2. Investment Encouragement: Develop and implement strategies to encourage foreign investment in key sectors of the UAE economy, such as industry, tourism, energy, and technology.
3. Providing support and assistance: Providing support and assistance to foreign investors by providing information and advice about the investment environment in the Emirates and guiding them during the investment process.
4. Policy development: Contributing to the development of economic policies and legislation that enhance the attractiveness of the UAE as a destination for foreign investment and provide a sustainable investment environment.
5. Working to improve infrastructure: Cooperating with relevant authorities to develop and improve the economic infrastructure in the Emirates, making it more attractive for foreign investment.

Areas of UAE investment for foreigners

The areas of UAE investment for foreigners are diverse and wide-ranging, providing foreign investors with many opportunities to diversify their investment portfolios and achieve returns. Here are some of the main areas where foreigners can invest in the UAE:

1. Real estate and commercial real estate: Real estate and commercial real estate are considered one of the most important areas of investment in the Emirates, as there are many huge residential and commercial projects that offer distinct investment opportunities.
2. Energy and Infrastructure: The UAE provides advanced infrastructure in the field of energy and infrastructure, and investors can benefit from investment opportunities in renewable energy projects and huge infrastructure such as airports and ports.
3. Technology and Innovation: The UAE is witnessing rapid growth in the technology and innovation sector, and investors can benefit from investment opportunities in emerging technology companies and innovation and research and development centers.
4. Trade and Distribution: The UAE is considered a global commercial center, and investors can benefit from its strategic location to invest in the trade and distribution sector and expand their business to regional and global markets.
5. Tourism and Hospitality: The UAE is famous for its luxury resorts and international hotels, and investors can invest in the tourism and hospitality sector and develop innovative tourism projects and world-class hosting facilities.
6. Education and Training: The education and training sector is considered a promising field in the UAE, as investors can invest in private education institutions and training centers to meet the growing demand for education and training on a global level.

These are some of the main areas in which foreigners can invest in the UAE, and with a distinct investment environment and flexible legislation, investors can achieve success and prosperity in the UAE market.

UAE investment laws for foreigners

In the United Arab Emirates, there are several laws and regulations that regulate foreign investment , and these laws differ slightly from one emirate to another, but there are some regulations and a general legal framework that applies to foreign investment in the country. Here’s an overview of some of the key laws and regulations:

• Companies Law: The Companies Law regulates the establishment of companies in the Emirates, whether they are local companies or joint companies with foreign shareholding. This law stipulates the conditions and procedures for establishing companies, the rights and obligations of shareholders, and other important details.
• Labor Law: The UAE Labor Law defines the rights and duties of employees and employers, and contains some regulations that apply to foreign workers, such as work visas and working conditions.
• Special economic laws: There are many special economic laws and regulations in the UAE that regulate various economic sectors, such as construction, real estate, finance, energy, and others.
• Foreign Investment Law: These laws on foreign investment are considered among the most important regulations that provide the legal framework for foreign investment in the Emirates, regulate the rights and duties of foreign investors, and determine the sectors and conditions permitted for foreign investment.
• Bilateral and multiple agreements: The UAE has signed many international agreements to protect and encourage foreign investment, and to provide legal protection for foreign investors.

This is a set of laws and regulations that regulate foreign investment in the UAE, and it is recommended to check the fine details and recent updates to ensure compliance with applicable laws and legislation.

UAE investment procedures for foreigners

The UAE has an open and developed investment environment that attracts foreign investors from all over the world. The UAE government works seriously to encourage foreign investment and provide the appropriate environment for business growth and economic development. Here are the UAE investment procedures for foreigners :

1. Applying for a license: The foreign investor must apply to the UAE Investment Regulatory Authority to obtain the necessary license to carry out the relevant commercial activities.
   A set of required documents must be submitted, including a license application form, a copy of the investor’s ID card, a model of the business plan, and a model of contracts and agreements if there is a local partnership.
2. Study of the application: The Investment Regulatory Authority studies the submitted application and ensures that it meets all the required standards and conditions.
   This stage may require negotiating with the investor to clarify some points or request more information.
3. Issuing the license: After reviewing the application and ensuring that it meets all conditions, the license is issued to the foreign investor.
   Special conditions and requirements may be included in the license, such as the minimum invested capital and timelines for starting commercial activities.
4. Company establishment: After obtaining the license, the company is established based on the legal structure that was chosen, such as a local company, a joint company with a local partner, or a branch of a foreign company.
5. Tax Registration and Visas: An established company must register for a tax number, and register employees for the necessary work visas.
6. Starting Business: After completing all previous procedures, the established company can officially start business in accordance with the license granted.

UAE investment for foreigners

Documents required for UAE investment for foreigners

Documents required for UAE investment for foreigners may vary slightly depending on the type of company, economic sector and investment activity to be undertaken, but in general, here is a list of documents that may be required:

1. Personal Identity Document: A certified copy of the foreign investor’s passport or national ID card must be submitted.
2. Proof of address document: This can include a paid bill (such as a water or electricity bill) or a rental agreement.
3. Investment contract document: A copy of the investment contract or agreement that specifies the terms of the investment and the financial and legal details of the operation must be submitted.
4. Company documents: If a foreign investor is planning to establish a company in the UAE, he will need to submit the documents required to register the company, such as the articles of association, the company’s certificate of incorporation, and a list of shareholders.
5. Business licenses: Investment operations may require some business licenses, which must be submitted to the relevant authorities.
6. Work Permits: If a company needs to hire foreign employees, there may be special work permits that must be obtained.
7. Financial Reporting: Some investment activities may require the company’s financial reports to be submitted to local authorities.
8. Licenses for investment activity: Some investment activities may require special licenses, such as building permits or health licenses.

Advantages of UAE investment for foreigners

The advantages of investing in the UAE for foreigners include a wide range of factors that make it an attractive destination for foreign investors. Here are some of these advantages:

• Stable investment environment: The UAE enjoys a stable and reliable investment environment, with a strong legal system and advanced financial institutions.
• Diversification of the economy: The diversity of the UAE economy provides investment opportunities in various sectors, including real estate, oil and gas, trade, tourism, technology, financial services, and others.
• Advanced infrastructure: The UAE has an advanced infrastructure, including modern sea ports, international airports, and advanced transportation networks, making it a trade and logistics center in the region.
• Availability of skilled workers: The UAE attracts talent and skilled employees from around the world, providing highly skilled workers for companies and investment projects.
• Government Facilities: The UAE government offers a range of facilities and incentives to foreign investors, such as tax reductions, fast-track licensing, and financial support.
• Political stability: The UAE enjoys political and security stability, which creates a favorable environment for business and investment.
• Modern operational law: The UAE adopts modern practical laws and regulations that facilitate companies’ operations and protect the rights of investors.
• Access to regional and global markets: Thanks to its strategic location, the UAE provides easy access to regional and global markets, which increases growth and expansion opportunities for companies.

At the conclusion of this article, it can be said that the mission of the Emirates Investment Authority for Foreigners represents a vital part of the UAE’s economic strategy to promote sustainable development and achieve economic diversification. In cooperation with Itqan Company, the Authority plays a major role in attracting foreign direct investments and directing them towards promising opportunities in the Emirates. The Authority seeks to provide a suitable and encouraging investment environment, by providing support and assistance to foreign investors and facilitating administrative procedures. Relying on technology and innovation, the Authority and Itqan Company seek to achieve leadership in the field of foreign investment and support the economic growth of the Emirates and the region in general.

The most important frequently asked questions about UAE investment for foreigners