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Investment and residence in Dubai

Investment and residence in Dubai

١٨ فبراير Investment and residence in Dubai

Dubai, as a global business and cultural destination, is very popular as an investment center and residence destination. This leading emirate in the United Arab Emirates combines the advantages of modern civilization and traditional culture, making it a unique place to live and work. In this context, this article provides a comprehensive overview of investing and living in Dubai. Economic opportunities in Dubai vary between real estate, trade, technology and tourism, making it a popular destination for many global investors. The article focuses on the challenges and advantages of investing in Dubai, in addition to shedding light on procedures related to residency and how to make the most of these unique opportunities.

Investment and residence in Dubai
Investment and residence in Dubai

Why invest in Dubai?

Dubai has many features that make it occupy the first place in investment and the direction of most capital there. This is due to its possession of several features that make it the first country in the world in investment, and the most important of these features are the following:

Strategic location:

The Emirate of Dubai has its own important strategic location, which is between East and West, and allows all businessmen and investors to access the most important and largest emerging and existing global markets, and various major and basic business centers in Europe, Asia, Africa, the Pacific, and North America as well.

Advanced infrastructure:

The Emirate of Dubai is distinguished by having the most advanced infrastructure in the world, due to the dedication and strengthening of huge capital that works to revitalize its infrastructure, in order to achieve the UAE Vision 2022, which aims to make the country one of the best countries in the world according to the green and sustainable development strategy.

Various business facilities:

In the Emirate of Dubai, there are various options for facilities for establishing businesses and establishing companies in Dubai, and according to your activity and available capital, you can establish any commercial activity or establish an investment company in Dubai in various regions of the country or establish an investment company in the free zones or establish a company in Jebel Ali, which includes: This diversity extends to include business centers, shopping centers, commercial towers, various industrial areas, and more than 35 free zones with different and varied activities.

Political stability:

The political stability that exists in Dubai is considered the most important thing that distinguishes the UAE and makes it the first country in the world for investment to attract money to it from all countries due to the fact that it is characterized by stability, security and safety. This is what any investor in any country needs. Stability helps to establish a company in the Emirates or to establish A company in Jebel Ali or establishing a company in the free zone.

Social stability:

The most important thing that distinguishes the Emirate of Dubai is social stability. This means that it is a safe country. Its crime rate is non-existent and it is very small compared to all other countries. It also enjoys providing entertainment means for people. It also enjoys providing various means and means of work in order to allow the establishment of investment companies in it. It is also considered… It is a very comfortable country for anyone who wants to reside there, and the UAE government is working to provide ways and means to obtain residency and invest in the Emirates.

Ease of doing business:

In 2019, the UAE was ranked the best country in business facilitation and ranked first in the world. This made it the first country to receive investment and is considered one of the largest countries in establishing investment companies.

Intellectual property rights protection:

The United Arab Emirates protects all intellectual rights and trademarks of every investment company in it, whether this company is an investment company in the free zone or an investment company in Jebel Ali, and it has developed and enacted laws to prevent piracy.

The best areas to invest in Dubai

There are many profitable fields within Dubai, which has led to the multiplicity and diversity of cultures, nationalities and languages, and this is due to the migrant workers that the United Arab Emirates attracts from all over the world, making it a fertile market for many, many different products and projects, and among the most successful investments in Dubai and projects in the United Arab Emirates. They are as follows:

  • Ready-made clothing sales projects:
  • Projects for a shop selling eastern and western sweets.
  • Product transportation projects.
  • Coffee shop projects.
  • Doll hospital projects.
  • Real estate marketing office projects.
  • Kindergarten or nursery projects.
  • Good restaurant projects.
  • Ladies beauty salon projects.
  • Date packaging projects.

Documents required to invest in Dubai

The documents required to invest in Dubai depend on the type of investment and economic activity chosen. However, here is a general list of documents that may be required:

  • Passport: A copy of the passport for all relevant investors and partners.
  • Personal photos: Recent personal photos of all investors and partners.
  • Company document: If you are incorporating a company, you will need a copy of the company’s incorporation document.
  • Business Plan: A detailed document describing the proposed business activity, business plan and financial projections.
  • Investment Documentation: If the investment involves purchasing real estate or shares in companies, the relevant transaction documents and agreements are necessary.
  • Commercial Register: A copy of the company’s commercial register if you already have a registered company.
  • Permits and Licenses: Any special permits or licenses considered relevant to the investment activity.
  • Certificates of qualifications: In some cases, certificates of qualifications and experience relevant to the proposed activity may be required.
  • Financial Reports: Providing up-to-date financial reports to investors or partners who may request access to specific financial information.
The best areas to invest in Dubai
The best areas to invest in Dubai

Conditions for permanent residency in Dubai

As for the conditions for permanent residency in Dubai, several conditions must be met, which are as follows:

Work visa:

One of the most important things that must be obtained for permanent residency and investment in Dubai is to obtain a work visa, because by obtaining that visa, the individual is considered to have the right to obtain investment in companies, and that visa can be obtained through private sector companies by paying the special fees to obtain it and do With some necessary medical examinations, all of this only takes ten days.

Real estate ownership:

As soon as any foreign person obtains ownership of a property in Dubai for any type of real estate established in Dubai, this is considered one of the most important reasons that contribute to obtaining permanent residency in Dubai. It serves as a commercial license in exchange for obtaining a small amount of money, as it is completely different from a work or business visa. About the visit visa.

Work of the wife or husband:

One of the things that guarantees a foreign person obtaining a permanent residence visa in Dubai is that the husband or wife works in the same country (the UAE), because in this case the husband or wife who works in the UAE is responsible for submitting an application to the company in which he works. To obtain permanent residency for the other party, the company submits an application to the competent authority to obtain permanent residency for the other party, with us bearing all costs.

Freelancing:

Obtaining a permanent residence visa in Dubai is through self-employment there, meaning that the person works stably and independently, but on the condition that he has a commercial license. This license can also be obtained for a very small amount of money, but this amount varies according to the type of area. The amount he wants to work for will range from two thousand five hundred UAE dirhams to sixteen thousand UAE dirhams.

business men:

A permanent residence visa in Dubai can be obtained for businessmen through (Dubai Silicon Oasis), and this oasis issues many licenses for projects designated for businessmen only.

Create a company:

A permanent residence visa in Dubai can be obtained by establishing an investment company in the UAE.

What types of visas and residencies are available to investors?

Dubai provides investors and residents with a range of visas and residency permits to meet their diverse needs. Here are some of the types of visas and residency options available to investors in Dubai:

  1. Golden Investment Visa: This visa provides long-term residency for investors and their families, and allows them to benefit from benefits such as education and health care.
  2. Business Visa: Allows investors to open a company or investment in Dubai, providing them with the possibility of residency and work.
  3. Real Estate Investor Visa: Grants those who invest in real estate of a certain value the right to reside in the country.
  4. Start-up Investor Visa: It aims to support investors who want to invest in startups and innovative projects in Dubai.
  5. General Investment Visa: Granted to investors who wish to invest a specified amount in approved projects.
  6. Sheikha Fatima Bint Mubarak Women Entrepreneurship Visa: Targeted at women who want to set up businesses in Dubai.
  7. Student Investor Visa: Allows students to benefit from education opportunities in Dubai while investing in the market.

What are the tax benefits for investors in Dubai?

Dubai is considered one of the distinguished tax destinations as it provides a range of tax benefits to investors, which is part of its strategy to promote business and attract national and international capital. Here are some of the tax benefits that set Dubai apart:

  1. Not imposing corporate income tax: In most sectors, Dubai does not impose corporate income tax, which means that profits made are not subject to income tax.
  2. Not imposing value-added tax (VAT) on some sectors: VAT has been imposed in Dubai, but it does not include all sectors, and there are exceptions for some goods and services.
  3. No capital tax: Dubai does not impose a capital tax, which means investors do not have to pay tax when selling assets.
  4. Tax protection contracts: Dubai has signed several agreements to avoid double taxation with several countries, which contributes to reducing taxes imposed on profits.
  5. Free zones and economic zones: Free zones and economic zones in Dubai offer additional tax benefits, such as not being taxed on income and capital for a specified period.
  6. No inheritance or gift tax: Dubai does not impose an inheritance or gift tax, which means that family transfers are done without imposing taxes.