Recently, Dubai is considered one of the best investment countries in the world that brings entrepreneurs to it due to the availability of many advantages and grants that Dubai grants to investors, and investors must know the steps of security approval for investment in Dubai before starting to invest in Dubai, but before we mention the documents required for security approval, I must first define what is meant by security approval? Security approval means those papers that confirm the approval of the security authorities for your establishment of a business in the country after conducting a complete investigation about you by looking at the cases in which you were tried and the violations you obtained in order to ensure the integrity of the individual and his ability to manage his business wisely and honestly.
If you want to work in the UAE, you must obtain security approval, which can be obtained by following some necessary steps as follows:
- Obtain a work permit in the UAE before applying for security approval.
- Apply for an investment visa in the UAE .
- Pay the fees and get the visa.
- First, you must provide all the required documents to obtain security approval.
- Apply for this approval at the relevant departments.
- Don’t forget to check out the procedures you need to follow to establish a business in the UAE.
- Get security approval.
- Get to work.
If you wish to apply for security approval to start working in the UAE, all you have to do, dear reader, is to enter the website specialized for doing so, which is affiliated with the Ministry of Labor in the United Arab Emirates, as it was created specifically to provide the security approval service in a short time.
If you apply for security approval to work in the UAE from within the country, it may take about 14 days to obtain the visa. The security approval and work permit are valid for two months from the date of issuance by the Ministry of Labor.
Then we must clarify what are the advantages resulting from investing in Dubai?
- Dubai provides facilities for obtaining permanent residency for the foreign investor as well as for some members of the company, wife and children.
- Availability of all services necessary for a decent life, such as health, education and housing.
- The school should teach respect for other cultures in the UAE, and promote the values of tolerance and brotherhood. By doing so, different nationalities can coexist in the UAE.
- The UAE enjoys a strategic location, as it is located in the middle of continents and connects global markets to each other.
- Free zones in the UAE benefit from investments in infrastructure and provide all the necessary facilities for the entry of investments.
- The UAE protects foreign investors and provides protection through its laws.
- There are many shopping malls for shopping or investment, and there are international hotel services in Dubai. This is part of the reason why people from all over the world choose to live or reside in Dubai.
- The United Arab Emirates is safe and stable. Its laws are fair and its people are prosperous. This is achieved by ensuring investment in the United Arab Emirates, which is considered one of the most stable countries, whether politically, security-wise, socially or economically.
A common question in this regard is also why is security approval necessary?
The importance of security approval lies in several reasons that we will explain to you in the following lines, which are:
- Approval can give your customers confidence because it assures them that the individual they are dealing with is trustworthy.
- Increase the credibility of your business.
- It gives you comfort because all the steps you take are systematic.
- The security approval confirms that you are operating within the framework of the UAE, which provides protection for you and your business.
- Security approval helps you facilitate and ease your business and obtain your business papers.
Documents and papers required to obtain approval for investment in Dubai
- Apply for an investment visa in Dubai .
- Submit four copies of the investor’s passport, provided that the passport is valid.
- Know the procedures for establishing a company in Dubai.
- Obtaining a license to practice the company’s business in Dubai.
- Pay the visa application fee.
After fulfilling all the previously mentioned conditions, the investor begins working legally according to the state’s conditions. The procedures for establishing a company in Dubai also include the following:
- Apply to the competent authorities in the Emirates to obtain initial approval to practice business in Dubai.
- Submitting all required documents related to company ownership, type of activity and name to the competent authorities to obtain the necessary licenses for investment in Dubai.
- One of the procedures for establishing a company in Dubai is choosing an appropriate name for the company that also includes the type of its activity.
- Choosing a suitable headquarters for the company. In this regard, the Emirates provides many commercial centers that contain company offices, equipped with the necessary facilities such as electricity, water, and communications, and also equipped with security in terms of guarding. These offices can be rented or owned.
- Obtaining a company lease or ownership contract, and documenting the contracts with the relevant authorities in the Emirates.
- The market in the Emirates must be studied well, specifically in the areas targeted by the investor, in terms of the goods or services that are not available there or that the residents of this area need, and also knowing the most appropriate way to market this product or service in this area.
- Determine the type of company activity, whether professional, commercial, or industrial. The UAE provides, through the Department of Economic Development, many activities from which any investor can choose what suits him.
- The last step in establishing a company in Dubai is to receive the license and start the company’s commercial register.
Average costs of obtaining licenses and security approvals in the UAE:
The costs you have to pay vary depending on the licenses you wish to obtain, as follows:
- Obtaining a commercial license in the free zone in the Emirate of Dubai cost about 10,000 Emirati dollars.
- Obtaining approval to start a business in the UAE can cost around AED 100.
- Obtaining licenses to practice any type of activity costs approximately 50 UAE dirhams.
Costs of entering the UAE market:
- If the company’s headquarters is owned and not rented, whether the company is subject to local law or free zone law, the fees are based on the committee’s report.
- If the investor is a permanent resident in the UAE, there is a residence fee estimated at approximately 5% of the value of the lease contract.
- There are waste disposal fees assessed by the waste department.
- Investment fees in the UAE are estimated according to whether the company operates under the local law system or the free zone law system.
- If the company is under the local legal system, 5% of the lease value is paid to the government as fees, and if it is under the Dubai Free Zone Law system , 7.5% of its value is paid to the government as fees.