The mission of the Emirates Investment Authority for foreigners

The United Arab Emirates, through the Emirates Investment Authority, seeks to achieve an attractive and supportive investment environment for foreign investors, as it is one of the most prominent global economic destinations. The Authority is the official body responsible for regulating and directing foreign investments in the country, as it plays a vital role in strengthening the national economy and diversifying sources of income. The mission of the Emirates Investment Authority for foreigners is to provide an integrated and distinguished investment environment that allows international investors to benefit from the promising investment opportunities provided by the country. The Authority works to provide a wide range of services and facilities aimed at facilitating the investment process and overcoming obstacles that foreign investors may face.

One of the Authority’s most important tasks is to provide accurate and comprehensive information about the investment climate in the Emirates, including the laws, regulations and procedures required to establish companies and conduct commercial activities. The Authority also works to simplify bureaucratic procedures and reduce the time and cost associated with the process of registering and licensing companies, which contributes to attracting more foreign investments.

The Authority relies on a comprehensive strategy aimed at enhancing cooperation with government and private agencies to enhance innovation and develop the necessary infrastructure to support investment activities. The Authority also seeks to improve the regulatory environment and provide a flexible legal framework that supports investors’ rights and protects their interests, which enhances confidence among foreign investors and encourages them to increase their investments in the country.

In addition, the Authority organizes many international events, conferences and exhibitions that give investors the opportunity to learn about available investment opportunities and communicate with actors in various economic sectors. Through these efforts, the Authority contributes to strengthening the UAE’s position as a global center for investment and innovation.

The mission of the Emirates Investment Authority for foreigners

The mission of the Emirates Investment Authority for foreigners

The Emirates Investment Authority for Foreigners is considered one of the main pillars of the UAE’s strategy to promote economic development and diversify sources of national income. The Authority’s mission is to create an attractive and supportive investment environment for foreign investors, which enhances the UAE’s position as a preferred destination for global investments.

Providing an attractive investment environment

One of the Authority’s most important tasks is to provide a competitive investment environment that allows foreign investors to benefit from the diverse investment opportunities offered by the country. The Authority works to provide distinguished services that include providing accurate information about the investment environment, simplifying bureaucratic procedures, and reducing the time and cost associated with establishing companies. These measures contribute to making the investment process easier and smoother, which attracts more foreign investors.

Improving the legal and regulatory framework

The Authority seeks to improve the regulatory environment by developing laws and regulations that protect investors’ rights and enhance transparency. This is done in cooperation with various government agencies to ensure that policies and procedures are consistent with international best practices. These efforts contribute to creating a flexible legal framework that supports economic growth and enhances confidence among foreign investors.

Strengthening infrastructure and logistical support

The Authority focuses on enhancing the infrastructure necessary to support investment activities. This includes developing facilities and logistics services that facilitate business operations. The Authority also works to provide technical and advisory support to investors, which helps them make informed investment decisions based on strong foundations.

Promoting investment opportunities

The Authority organizes many international events, conferences and exhibitions that allow foreign investors to learn about the investment opportunities available in the Emirates. These events provide a platform for investors to connect with actors in various economic sectors, enhancing cooperation and strategic partnerships.

Supporting innovation and sustainable development

The Authority attaches great importance to supporting innovation and sustainable development. It seeks to attract investments in emerging sectors such as technology, the digital economy and renewable energy. These efforts aim to enhance the country’s economic competitiveness and achieve sustainable development through responsible investments that contribute to creating long-term value.

International cooperation and strengthening economic relations

The Authority works to strengthen economic relations with other countries through cooperation with international investment bodies and signing bilateral agreements. This cooperation contributes to the exchange of knowledge and experiences, and opens new horizons for economic and investment cooperation between the UAE and other countries.

UAE investment opportunities for foreigners

UAE investment opportunities for foreigners

The United Arab Emirates is considered one of the most prominent investment destinations in the world, as it provides an attractive and supportive environment for foreign investors through flexible economic policies and advanced infrastructure. The UAE offers a wide range of diverse investment opportunities covering various economic sectors. Here is an overview of some of the most prominent of these opportunities:

1. Real estate sector

The real estate sector is one of the most attractive sectors for foreign investments in the Emirates, especially in Dubai and Abu Dhabi. The UAE provides great opportunities for investment in residential, commercial and hotel real estate, with huge projects such as Mohammed bin Rashid City and the Palm Jumeirah project. The government supports this sector through policies that facilitate foreign ownership and transparent legal procedures.

2. Tourism and hospitality sector

The UAE is considered one of the world’s leading tourist destinations, with unique tourist attractions such as Burj Khalifa, Mall of the Emirates, and Yas Island. The country offers tremendous investment opportunities in developing hotels, resorts and tourist facilities. In addition, the government is promoting global events and festivals such as Expo 2020 Dubai, which increases the attractiveness of the tourism sector.

3. Technology and innovation sector

The UAE is keen to strengthen its position as a regional hub for technology and innovation. The country provides opportunities to invest in startups and technology projects in areas such as artificial intelligence, financial technology, and digital innovation. The UAE is home to specialized free zones such as Dubai Internet City and Dubai Silicon Oasis, which provide incentives and facilities to technology companies.

4. Renewable energy sector

The UAE seeks to diversify energy sources by investing in renewable energy. The country offers investment opportunities in solar and wind energy projects, with initiatives such as the Shams 1 solar project in Abu Dhabi. The government supports this trend through policies that encourage investment in clean energy.

5. Healthcare sector

The healthcare sector in the UAE is witnessing rapid growth, which opens the door to investment opportunities in building hospitals, clinics and health facilities. The country seeks to enhance health infrastructure and provide high-quality medical services, making it an attractive destination for investment in healthcare.

6. Logistics and trade sector

Thanks to its distinguished geographical location, the UAE is considered an important logistical and commercial center in the region. The state provides investment opportunities in developing ports, airports and free zones such as the Jebel Ali Free Zone. Open trade policies and international agreements contribute to enhancing the attractiveness of this sector.

7. Education sector

The education sector in the UAE is witnessing great development with increasing demand for high-quality educational institutions. The state offers investment opportunities in schools, universities and private educational institutions. The government supports this sector through policies that encourage advanced education and innovation in teaching methods.

8. Manufacturing sector

The UAE is focusing on diversifying its economy by developing the industrial sector. The country offers investment opportunities in manufacturing industries and modern technologies. Industrial areas such as Khalifa Industrial City (KIZAD) provide a suitable environment for industrial companies with multiple incentives and facilities.

Investment costs in the Emirates

Investment costs in the UAE are diverse and vary according to the type of investment and the economic sector in which the investment is made, in addition to several other factors. Here is an overview of some of the costs that investors in the UAE could face:

1. Establishment costs:
These include the costs of establishing the company, which may include company registration fees, costs of legal advisors, and fees for the necessary licenses and permits.

2. Business costs:
These include employment costs, such as salaries, benefits, and health insurance for employees, in addition to the costs of providing the office and facilities necessary for the company’s operation.

3. Real estate costs:
These include rental costs for offices and shops, as real estate prices vary according to location, size, and available facilities.

4. License costs and fees:
These include the costs of obtaining the necessary licenses and permits to conduct commercial activities, including fees for economic activities and other government permits.

5. Tax costs:
Tax costs vary depending on the type of activity and income generated, as some companies are subject to taxes on income and value added.

6. Marketing and advertising costs:
These include marketing and advertising costs to promote the company and attract new customers, and these costs can be high, especially in the active UAE market.

7. Shipping and distribution costs:
Shipping and distribution costs include providing products and services to customers, and vary according to the size and type of goods imported or exported.

8. Governance and compliance costs:
These include the costs of complying with government legislation and laws, in addition to the costs of implementing corporate governance standards.

9. Financial services costs:
These include financial services costs such as interest on loans, banking services fees, and insurances.

10. Maintenance and operating costs:
These include the costs of maintaining equipment, devices, and operating systems and programs necessary for the daily work of the company.

Conditions for investment in the Emirates

Investing money in the United Arab Emirates is subject to several conditions and laws aimed at regulating the investment process and protecting the rights of investors. Here is an overview of some of the main conditions for investing in the UAE :

1. Licenses and permits:
Practicing commercial activities in the Emirates requires obtaining the necessary licenses and permits from the relevant authorities, in accordance with the laws and regulations of each emirate. Investors must ensure that they possess the necessary licenses and permits for their planned activity.

2. Foreign ownership:
Foreign ownership laws vary according to economic activity and industrial sector. Some sectors provide opportunities for foreign investors to fully own ownership, while obtaining ownership licenses for foreigners in some sectors is limited or requires partnership with local investors.

3. Financial conditions:
The UAE government may impose specific financial conditions on investors, such as the minimum capital required to establish a company or practice commercial activity.

4. Compliance with laws and regulations:
Investors must adhere to the laws and regulations for working and investing in the Emirates , including tax regulations, consumer protection laws, the environment, and others.

5. Legal protection:
The UAE provides a strong legal structure to protect the rights of investors, and companies enjoy certain commercial and legal rights and privileges according to the type of company and its activity.

6. Registration and declaration:
Investors must register their companies and economic activities in the relevant official registries and obtain the necessary permits.

7. Financial Accountability:
Investors may be required to submit periodic financial reports and comply with financial accountability and timely filing requirements for taxes and other financial fees.

8. Local Partnerships:
In some cases, foreign investors must form partnerships with local investors to conduct certain business activities.

The role of our company in the mission of the Emirates Investment Authority for foreigners

In conclusion, the strategic cooperation between the Emirates Investment Authority and Itqan Company embodies an advanced vision to enhance the investment environment in the UAE and facilitate the investment path for foreign investors. Through this partnership, the joint effort enhances the UAE’s attractiveness as a respectable and safe investment destination, and enhances confidence among investors from various sectors and geographical regions.

This partnership is a prominent example of the spirit of cooperation and solidarity between the public and private sectors, as they work together to provide the necessary support and provide specialized services to investors, in order to achieve investment goals in the UAE.

As a gateway to global business, the UAE strives to attract foreign direct investment and provide an investment-friendly environment, and this partnership aims to achieve this goal better and more effectively.

By enhancing transparency, simplifying procedures, and providing technical and advisory support, this partnership can play a major role in achieving economic prosperity and enhancing the UAE’s economic competitiveness on the global stage.

Ultimately, this partnership represents an indication of the UAE’s commitment to developing and enhancing the business environment, and providing distinguished investment opportunities that make the UAE an ideal destination for foreign investments, and contributes to achieving the country’s vision for the future and achieving sustainable and comprehensive development.

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