The Emirates Investment Authority is a leading entity in enhancing the investment environment in the United Arab Emirates. The Authority was established with the aim of attracting foreign investments and encouraging them to benefit from the economic opportunities available in the country. The Authority plays a pivotal role in providing the necessary support to foreign investors, starting from providing advice and guidance on investment laws and regulations, to facilitating the procedures and licenses required to establish businesses. Through its innovative and flexible strategies, the Emirates Investment Authority seeks to create an encouraging and sustainable investment environment that contributes to the growth of the national economy and enhances the UAE’s position as a global hub for business and investment.

Mission of the Emirates Investment Authority for Foreigners

The mission of the Emirates Foreign Investment Authority is to support and enhance the investment environment in the UAE by providing a range of services and facilities aimed at attracting foreign investments and promoting economic growth. Its mission includes:

1. Providing advice and guidance: The Authority provides comprehensive information on investment opportunities, laws, and regulations related to investment in the UAE, helping foreign investors make informed decisions.
2. Facilitating procedures: The Authority works to simplify and facilitate the procedures related to establishing companies and obtaining the necessary licenses, which contributes to accelerating the process of starting a business.
3. Technical and Administrative Support: The Authority provides technical and administrative support to foreign investors, including assistance in identifying optimal investment locations and providing logistical support.
4. Strengthening strategic partnerships: The Authority seeks to build strategic partnerships with global investors and companies, which enhances the UAE’s ability to attract quality investments.
5. Developing the investment environment: The Authority contributes to improving and developing the investment environment by implementing policies and initiatives aimed at raising the country’s level of competitiveness in global markets.
6. Through these efforts, the Emirates Investment Authority contributes to strengthening the UAE’s position as a global hub for business and investment, and drives economic growth in the country.

UAE investment for foreigners

The UAE seeks to enhance its attractiveness as a global investment hub by providing a unique investment environment for foreigners. Foreign investment is one of the main pillars of the UAE’s economic growth, as the country provides a range of incentives and opportunities that encourage international investors to enter the market. The UAE offers a range of free zones and economic zones that provide investors with benefits such as 100% foreign ownership, tax exemptions, and easy establishment procedures. The Emirates Investment Authority also contributes to these efforts by providing comprehensive advice and customized services to foreign investors, making it easier for them to understand local regulations and laws and ensure their compliance. The Authority also works to expedite the process of obtaining licenses and preparing all required documents, which reduces bureaucracy and enhances the investment experience. In addition, the UAE offers advanced infrastructure and a strategic location that connects the markets of the East and the West, making it an ideal destination for global companies seeking to expand their operations. Thanks to these factors, the UAE is a stimulating and favorable environment for foreign investment, which enhances its role as a leading business hub in the region.

Steps to establish a company in the Emirates

Establishing a company in the UAE requires following a set of basic steps that ensure compliance with legal regulations and ensure the process runs smoothly. Here are the main steps to establish a company in the UAE:

1. Determine the type of company you wish to establish (such as a limited liability company, a joint stock company, a branch of a foreign company) and the business activity you will be engaged in. Requirements vary depending on the type of company and activity.
2. Choose the right location to set up your company. You can choose between free zones, economic zones or major cities, each offering different benefits.
3. Obtain and register a trade name for your company. The trade name must comply with the laws and not conflict with other registered names.
4. Prepare the required documents, which include the articles of incorporation, lease agreement, and business permits. You may also need documents proving the identity of shareholders and directors.
5. Submit your application for the business license and necessary agreements from the relevant authorities. These authorities usually include the Department of Economic Development or the Free Zones Authority, depending on the company’s location.
6. Open a bank account in the company’s name in one of the approved banks, and deposit the required capital.
7. After submitting all documents and applications, receive the commercial license that authorizes you to officially start work.
8. Register your company with other authorities such as the Ministry of Human Resources and Emiratisation for workers, and the Tax Authority if your activity requires it.
9. After obtaining the license, furnish your office and provide the necessary infrastructure to operate the business.
10. Hire employees and activate business processes to start operating according to plan.
11. Details and procedures vary depending on the type of company and location, so it is important to check the specific requirements with the official authorities.

UAE investment steps for foreigners

The steps for investing in the UAE for foreigners require following specific procedures to ensure that businesses are established legally and efficiently. The following are the steps for investing in the UAE for foreigners:

1. Determine the type of investment: The investor must determine the type of investment he wants to enter into (such as starting a company, buying a property, or investing in stocks). Each type of investment has different requirements and procedures.
2. Choosing a Legal Structure for Your Company: Choose the right legal structure for your company, such as a limited liability company (LLC), a corporation, or a branch of a foreign company. Legal structure affects ownership, liabilities, and taxes.
3. Selecting the location of the investment: Foreign investors can choose to invest within free zones or in local economic zones. Free zones offer benefits such as 100% foreign ownership, while investing in the country sometimes requires a local partner.
4. Obtaining approvals and licenses: Applications for the required licenses and approvals must be submitted to the competent authorities such as the Department of Economic Development or the Free Zones Authority. This includes commercial registration and obtaining an activity permit.
5. Document preparation: This includes submitting the necessary documents such as passport, articles of association, partnership agreement (if applicable), and lease or ownership contracts for the property or commercial office.
6. Opening a bank account: After obtaining the licenses, a commercial bank account must be opened in the name of the company to deposit the required capital according to the type of company chosen.
7. Tax Registration: If the business requires tax registration, such as Value Added Tax (VAT), it must be registered with the Federal Tax Authority.
8. Employment and Visas: Hire workers if necessary, and apply for work visas for employees and investors through the relevant authorities such as the Ministry of Human Resources and Emiratisation.
9. Starting Business Operations: After completing all the steps and procedures, the investor can start working on the project or company according to the issued commercial license. These steps contribute to facilitating foreign investment in the UAE and ensuring their compliance with local laws.

In conclusion, the Emirates Investment Authority plays a pivotal role in strengthening the UAE’s position as a preferred destination for foreign investments. By providing comprehensive support to investors, facilitating procedures, and providing a flexible and attractive investment environment, the Authority contributes to enhancing economic growth and attracting global investments. The Authority’s mission remains pivotal in driving economic development and opening new horizons for businesses, thus consolidating the UAE’s position as a distinguished destination for companies and investors seeking promising and sustainable investment opportunities.

Frequently asked questions about the mission of the Emirates Investment Authority for foreigners