It is now possible for any individual in the Emirates, regardless of their income and financial status, to start any kind of business venture there. This is because the different living conditions and expense requirements that exist in each emirate make this a viable option. In addition, there are many different investment opportunities available based on location and need.

We noticed an increase in the population rate, an increase in the number of births, and an increase in orientation towards the Emirates. This led to the need for a lot of diverse and different services necessary for life. It is considered as one of the best countries where you can start a new business or any new investment.

To establish a company in the UAE, you will need to obtain a business visa. There are several ways to do this: by creating a company through the issuance of shares, by setting up an Ali company, or by working in one of the free zones. To obtain residency for investment purposes, you will need to obtain a business license from the government. This license can be obtained at a price that depends on the type of free zone in which your business is located.

Companies looking to establish themselves in Jebel Ali and the Free Zone will have more flexibility when choosing the commercial or service activities they want to pursue. This is one of the many reasons why many new entrepreneurs choose to set up their businesses here. This contributes to revitalizing the investor experience when contracting or establishing companies in Jebel Ali, or in the United Arab Emirates, and doing business.

Costs of setting up a company in the UAE:

The costs of establishing a company in the UAE include the following:

1. The cost of obtaining a business license.
2. The website purchase price for your company or office.
3. The cost of purchasing any necessary furniture or equipment for your business or office.

vary Fees Obtaining and using work permits for sponsored employees and required visas for them under the name of your new company depending on the type of business. The price of opening a bank account in the name of the company in a bank is usually lower than the cost of setting up a professional or industrial company. The costs associated with obtaining a license can also vary depending on the type of business. Finally, the fees for registering a business in Dubai can be very expensive.

Residence and investment in the UAE:

Real estate residency in the UAE is also a great way to start investing in real estate. There are many unrestricted conditions that can be used when investing in real estate through residency.

Steps for setting up an investment company in Dubai:

• First, you need to determine the legal form of your company. There are five types of legal companies: Limited Liability Company, Solidarity Company, Public Joint Stock Company, Civil Business Company, and Private Joint Stock Company.
• Third, the investment company's Dubai business name must be appropriate and reflective of its business. The name cannot contain any inappropriate words, and must accurately reflect the company's business. After being monitored and approved by the Department of Economic Development, the trade name must also meet several other requirements.
• Fourth, to obtain the initial approval to establish your new company: After checking the company's business activity and legal form, obtaining the trade name and completing all the necessary procedures, it is now necessary to obtain approvals from all relevant agencies to start business operations. start this process.
• Fifth, when forming a company in Dubai and the Free Zone, or establishing an investment company in the United Arab Emirates, you will need to bring the original Memorandum of Association of the company and choose the place of incorporation of the company. The contract must be signed and submitted to the competent authorities in the Jebel Ali Free Zone or Dubai, and the address must be in the United Arab Emirates. All procedures must be agreed with the building authorities.
• Sixth: When it comes to obtaining approvals for an investment project, some important regulatory authorities must be consulted, and in some cases a formal agreement must be reached with them:
1. The Ministry of Economy should be consulted.
2. MoI is likely to be involved.
3. You may also need to contact the Department of Justice.
4. Tourist areas may require permission from the authorities responsible for tourism.

To obtain a license to practice your new activity of incorporating and company incorporation, follow the same procedure. The steps you followed to establish your investment company in Jebel Ali or Dubai. After completing all the required procedures, you will be able to obtain and receive your trade license. You will also need to attach several required documents and pay a fee to obtain a license to operate an investment company. Finally, you must register with the Chamber of Commerce as a member.

The Dubai Investments and Free Zones Authority is a UAE government organization that helps position the UAE as an important business and innovation hub by sponsoring programs to encourage foreign and domestic investment.

The most prominent business activities in Dubai

There is a huge number of commercial activities that are constantly taking place in Dubai, which can reach two thousand and one hundred economic activities. All of these activities are divided into several groups such as the following:

1. Professional activity groups.
2. Business groups.
3. Tourism activity groups.
4. Industrial Activity Groups.

Are you ready to start your own business in Dubai? Our company can help you get started with licensing, paperwork, and more. We have worked with leading businessmen and investors for years, so you can be sure that we will do everything we can to make your experience a success.

Itqan has a full team of experts and consultants in the field of investment in the United Arab Emirates for all Arab and foreign investors. Contact us now and book an appointment to meet you with our team who can help you start your business.