In the era of digital transformation and accelerating innovation, the UAE is striving to strengthen its position as a major center for business and investment, both locally and globally. Through the guidance of wise leadership and an ambitious strategic vision, the Emirates Investment Authority is working hard to achieve this noble goal.
In this context, the strategic partnership between the Emirates Investment Authority and Itqan Company comes as a strategic initiative aimed at enhancing the business environment and supporting innovation in the country. Itqan is distinguished by its long and distinguished experience in the field of information technology and digital solutions, which makes it an ideal partner for the Emirates Investment Authority in achieving its strategic goals.
This article aims to explore the importance of this partnership and its potential impact on the economic arena in the UAE, in addition to highlighting the opportunities and challenges that may arise during this joint journey towards enhancing investment and innovation in the country.
جدول المحتوى
ToggleEmirates Investment Authority
The Emirates Investment Authority (known in English: UAE Investment Authority) is the government body responsible for regulating and encouraging investment in the United Arab Emirates. The Authority was established to promote economic development and provide a suitable investment environment for local and international companies.
The Emirates Investment Authority has broad authority that includes many key functions and roles, including:
- Developing investment policies: The Authority works to develop the necessary policies and procedures to encourage investment and attract capital to the country.
- Directing government investments: The Authority manages a large portion of government investments in various economic sectors, and seeks to achieve the optimal financial return for these investments.
- Providing support and advice to investors: The Authority works to provide support and advice to local and international investors, and provide the necessary services to facilitate investment operations in the country.
- Strengthening international cooperation: The Authority seeks to enhance international cooperation in the field of investment, and expand the network of economic relations with other countries.
- Private sector development: The Authority works to enhance the role of the private sector in the national economy by providing support and encouragement for private investments.
Investment costs in Dubai
The most important steps that make investing in Dubai are to know everything related to the project or company that will be established in advance. It is also important to know the costs of investing in Dubai in general and how the Emirates Investment Authority in general provides support to all foreign investors, as well as Arab and local investors, and what the Dubai Investment Authority provides. In particular, here are some important points in knowing what the costs of investing in Dubai are:
- Dubai is characterized by one of the best features that an investor can hope for anywhere in the world, which is tax exemption. It is a major attraction for all investors, as the Investment Authority indicates to contractors that there are no taxes on any of the projects in Dubai.
- There are fees that must be paid when creating a new commercial license, as the Department of Economic Development website provides you with all the terms and conditions for all fees required to establish a company in the Emirates or in Dubai or projects.
- A certain capital must be provided if required by one of the free zones, as conditions are imposed for establishing companies there
- There are also customs duties on products that you want to import from abroad, as the Emirates Investment Authority reduces customs costs on imports from a group of Gulf countries due to the economic treaties that bind them.
- Pay the fees for visas for employees who have been appointed to your company, as well as all transportation and accommodation expenses
Residency and investment in Dubai:
Dubai is considered one of the most prominent global destinations for residence and investment. Here is some information and benefits related to living and investing in Dubai:
- Advanced business environment: Dubai has a modern and advanced business environment, as there are many commercial and investment opportunities in various sectors. The government encourages diversity and innovation, and provides advanced infrastructure and high-quality facilities to support businesses.
- Favorable Laws and Regulations: Dubai has a legal and regulatory system that is favorable for business and investment. There are easy and convenient procedures for establishing companies and registering property, and there is strong protection for intellectual property rights and investments.
- Distinctive geographical location: Dubai is located in the heart of the Middle East and is considered a center for trade, communications and transportation. Regional and global markets are easily accessible through Dubai International Airport and its developed seaports.
- Political and economic stability: Dubai enjoys strong political and economic stability, and has a strong track record in attracting foreign direct investment. The government is committed to providing a favorable business environment and promoting innovation and sustainable economic development.
- Advanced Infrastructure: Dubai is characterized by a modern and advanced infrastructure, including road networks, airports, ports and communications. Public services are provided with high efficiency, which supports business growth and makes life in Dubai comfortable and convenient.
- Diverse social and cultural life: Dubai is an attractive destination for residents and investors because of its cultural and social diversity. Enjoy stunning landscapes, international restaurants, luxury shopping, and diverse cultural and sporting events.
The best area for investment in the Emirates
It is difficult to fully determine what is the best area to invest in the Emirates because there are many areas that represent the backbone of the Emirates economy and through which investment can be done successfully and distinctly. In order to be able to know what is the best area to invest in, you must get to know the following areas through the Emirates Investment Authority. And choose from:
- Investing in real estate : This distinguished field is considered one of the best investment fields, at least in view of the tremendous development in the rate of construction of new buildings in the country, and also that the UAE has recently achieved a major breakthrough in this field, and there are many examples of this success, such as Dubai Silicon Oasis, which From a very short period of time, it was considered just a barren desert until now, thanks to the urban expansion in Dubai, it has become a huge and prosperous residential complex, full of modern and wonderfully designed buildings. It is smart to invest in real estate, as the total amount of rent in the Emirates is sufficient for them to obtain a residential piece of ownership that you can rent and benefit from. This includes purchasing a new plot, converting the rent into regular income, or starting a commercial project on the plot.
- Investing in digital currencies : It is one of the modern fields that raises controversy among your choices regarding the best field of investment, as it is a field that is not governed by a specific law and does not fall under any laws of financial transactions. The investor in this field must be prepared for loss in the event that he does not have experience. Sufficient in the field. Despite this, investment in digital currency has achieved great global spread, and some countries are also keen to create a special exchange in the field of digital currencies, including the UAE, as it has in a short time reached high positions in this field, achieving fabulous gains through the clear progress in the Emirati economy.
- Investment and trading funds and mutual funds : These are the best and safest areas of investment, as all you have to do is subscribe to a company and a fund manages those funds in a systematic and professional manner. It is suitable for small investors as it is much better than stock trading and you also put a little money in it. It does not require large capital, and the Emirates Investment Authority offers many experts to be a way for investors to reach the best results.
Tips for successful UAE investment
- Determine the goal of investment : You must focus on the goal you have chosen for successful investment and also strive to make the project successful in the long term and not rush for large and quick profits.
- Make a good plan : You must develop a good plan, make a strong feasibility study for the project, and study all the expected possibilities. You must also study the investment costs in the Emirates well and the extent of the expectations for the success of the chosen idea. Also, consider the possibility of failure.
- Choose the appropriate field : When you choose a different field, i.e. a field that many people do not tend to, you must be careful and do a good and accurate study of the market.
- Life goals .
- The ability to exploit opportunities : Some modern companies work to exploit the crises of larger companies, as the modern company dominates the field as soon as any major financial crisis or economic bubble occurs, as the Emirates Investment Authority works to provide all the data in order to achieve success in your investment.
- Capital management : You must know the good methods of managing capital and how to distribute it appropriately, and not put all the capital in one project, and deal with the appropriate investment body that supports your project strongly, and it is preferable to distribute the capital over many, in order to protect your company from sudden crises. What may happen to it if it depends on a field, there must be alternatives, and every investor must also have a diversified financial portfolio.
- Caution : If the funds used in investment are funds taken from bank loans, you must be very careful and not risk them.
- Consulting investors : You must consult economic consultants who have a lot of experience in various fields of investment, specifically the field on which you have settled your choice.
At the conclusion of this article, we find that the Emirates Investment Authority’s partnership with Itqan Company represents an ideal model of strategic cooperation between the public and private sectors. Through this partnership, the Emirates Investment Authority provides its distinguished services and programs to encourage investment and guide entrepreneurs towards promising opportunities in the United Arab Emirates. With the support of Itqan Company, the Authority is able to provide innovative and customized technological solutions to meet the needs of investors and enhance the business environment in the country.
There is no doubt that this partnership will contribute significantly to strengthening the UAE’s position as one of the most prominent investment destinations in the world, and will support the economic and development goals of the UAE. Thus, the Emirates Investment Authority and Itqan Company remain on the scene as a living example of the effective partnership between the public and private sectors in promoting sustainable development and achieving leadership in the world of investment and business.