The new investment law in the UAE

The new investment law in the UAE, the new investment law in the UAE represents an important step in enhancing the business and investment environment in the country and reflects the UAE’s commitment to developing its economic system and making it more attractive to global investors. This law provides an advanced legal framework aimed at simplifying procedures and improving transparency, which contributes to attracting foreign investments and promoting economic growth. In this context, Itqan Company’s role comes as a trusted advisor and strategic partner to help investors understand and effectively implement the provisions of the new law.

The new law aims to improve the investment environment by providing additional benefits and stimulating investment in various economic sectors. This includes facilitating procedures for obtaining licenses, providing tax incentives, and providing flexible legal frameworks to support investors. The law also enhances transparency and provides greater protection for investors, which increases their confidence in the business environment in the UAE.

The amendments introduced by the new law include significant improvements in laws related to foreign ownership, the new investment law in the UAE, whereby investors can now own a greater percentage of companies in sectors that were previously restricted. The law also enhances the flexibility of business operations and reduces bureaucracy, making it easier for companies to successfully start and continue their business.

By cooperating with Itqan, investors can obtain personalized advice and accurate information on how to benefit from the new provisions in the law and apply them effectively. Itqan provides the necessary support to understand legal requirements and facilitate registration and licensing procedures, which contributes to achieving investment goals and ensuring compliance with new laws.

The main goal of the new investment law in the UAE

In a world witnessing rapid economic developments and continuous changes in global markets, countries seek to enhance their attractiveness to foreign investments and provide a stimulating and encouraging investment environment. The UAE is considered one of the leading countries in this field, as it constantly works to modernize and improve its business environment to meet the needs of investors and contribute to sustainable economic growth. In this context, the new investment law comes as part of the UAE’s strategic vision to strengthen its position as a global economic center. This law aims to provide a set of improvements and facilities that will attract more foreign investments and enhance economic growth in the country. The main goal of the new investment law in the Emirates The main goal of the investment law in the Emirates revolves around enhancing the attractiveness of the country as a leading investment destination on the global level. The law seeks to achieve this through several main axes:

• Facilitating procedures and improving transparency:

The law aims to simplify and facilitate procedures related to establishing companies and obtaining licenses. Improving transparency in administrative processes contributes to reducing bureaucracy and accelerating the start of commercial activities, making the UAE a more attractive environment for investors.

• Strengthening investors’ rights:

The law enhances the protection of investors’ rights and provides strong legal guarantees that protect their interests. This includes improving the legal framework that regulates the relationship between investors, companies, investors and government agencies, which increases confidence in the UAE business environment.

• Encouraging economic diversification:

The law seeks to support economic diversification by encouraging investment in multiple sectors, including technology, tourism, industry, and services. This aims to reduce dependence on the oil and gas sector and promote growth in other sectors.

• Stimulating foreign direct investment:

By offering tax incentives and customs exemptions, the law works to attract more foreign direct investment. These incentives aim to reduce operating costs and increase return on investment, which encourages international companies to establish their headquarters in the Emirates.

• Enabling sustainability and economic growth:

The law contributes to achieving sustainable economic growth by providing a stimulating legislative environment for long-term investments. It enhances the UAE’s competitiveness globally and ensures the continued flow of investments to support economic development.
Through these main objectives, the new investment law seeks to place the UAE at the forefront of countries attracting investments, and to enhance its role as a global economic center that provides broad opportunities for growth and prosperity.

Documents required to register a company under the provisions of the new law

The United Arab Emirates seeks to enhance the business and investment environment by modernizing legislation and simplifying procedures related to establishing companies. The new UAE investment law comes as part of these efforts aimed at making the UAE a more attractive destination for local and international investors. The new law provides a set of improvements and facilities that contribute to attracting foreign investments and enhancing economic growth in the country. One of these improvements includes facilitating the process of registering companies and simplifying the documentation required for this. Investing in the UAE By understanding the documents required to register a company, investors can avoid unnecessary delays and ensure compliance with applicable laws and regulations. Documents required to register a company under the provisions of the new law. The process of registering a company in the Emirates under the provisions of the new law requires a set of documents that must be submitted to the relevant authorities. These documents include:

• Copy of passport: A copy of the passport must be provided to each partner or shareholder in the company. The copy must be clear and valid for a period of not less than six months.
• Personal photo: The law requires the submission of a recent personal photo for each partner or shareholder. The photo must have a white background and be the size of an official photo.
• Memorandum of Association and Articles of Association: The Memorandum of Association and Articles of Association of the company must be prepared and signed by all partners. This contract specifies the company structure, the rights and duties of partners, and the percentage of ownership.
• No objection certificate (if applicable): If one of the partners works in the UAE, a no objection certificate may be required from the current employer. This certificate confirms that the partner does not face any objections from the employer to establishing the company.
• Business plan: Some types of activities require the submission of a business plan that explains the company’s goals, strategies, and expected financial analyses. This plan helps evaluate project feasibility and compliance with legal requirements.
• Lease Contract: A copy of the lease contract must be submitted to the company headquarters. The contract must be notarized and certified by the relevant authorities in the Emirates.
• Approval of relevant authorities: Some activities require special approvals from certain government agencies. All documents confirming that these approvals have been obtained must be submitted.
• Commercial License: After all documents are submitted and approved, a commercial license is issued that allows the company to start its operations. A copy of this license must always be kept with you.
• Certificate of good standing: A certificate of good standing may be required for each partner or shareholder, proving the absence of a criminal record.

Submitting these documents completely and accurately helps speed up the registration process and ensures compliance with the provisions of the new law in the UAE. Through cooperation with specialized companies such as Itqan Company, investors can obtain the necessary support to prepare the required documents and submit them correctly, which contributes to the successful establishment of the company and the start of commercial operations quickly and efficiently.

Learn about the new investment in the Emirates

The new investment law in the UAE represents a qualitative shift in how foreign investments are dealt with and provides a more attractive and advanced business environment. By introducing new benefits and significant improvements, this law enhances the UAE’s ability to attract global investments and boost its economic growth. The law includes important amendments to foreign ownership and administrative procedures, which contribute to facilitating the business environment and providing new opportunities for investors.

Itqan Company’s cooperation in this context provides added value to investors, as the company provides specialized consultations and professional services that ensure that customers benefit from the benefits offered by the new law. Thanks to its extensive experience in the field of investment and commercial legislation, Itqan helps companies and investors understand the details of the law and apply it to suit their business strategies and goals.

By providing support in the registration and licensing stages, and ensuring compliance with legal requirements, Itqan contributes to accelerating and facilitating the process of establishing and growing companies. The company also works to provide practical solutions to challenges that investors may face, ensuring success and compliance with new laws.

In conclusion, the new investment law in the UAE strengthens the country’s position as a leading investment destination and provides great opportunities for investors in various sectors. With the partnership with Itqan Company, it becomes easier to achieve investment goals and overcome any challenges that new companies may face. Commitment to keeping up with the latest legal amendments and benefiting from specialized support enhances the chances of success and ensures achieving the desired results in the evolving UAE business environment.

Frequently asked questions about new investment in the UAE