What is the security approval to establish a company in Dubai?

Dubai has recently been considered one of the best investment countries in the world, especially in its attraction of foreign investments, as it ranked sixth in the world in the field of foreign investments, and the investor can establish his business within the country via the Internet in a very short time, no more than 15 minutes. This can also be done through normal methods, and establishing a business within the emirates of the country requires completing a series of procedures and approvals required by the Department of Economic Development and other concerned authorities to officially register the establishment. One of the most important procedures required to establish a company in Dubai is security approval, and in the following lines we will learn together about the steps for security approval for investment in Dubai, the papers required to obtain approval for investment in Dubai, and the steps and advantages of investment in Dubai, and we will also explain to you, dear reader. What is meant by instant licence?

Security approval

Security approval is a necessary procedure in the process of establishing companies in Dubai that aims to verify the background of potential shareholders, partners and investors to ensure that there are no criminal records or suspicious activities that may affect national security. Obtaining this approval is considered an essential step to ensure the safety of the economic environment in the emirate.

The importance of security approval

1. Investment protection: contributes to creating a safe and stable environment for investors.
2. Enhancing confidence: It enhances the confidence of foreign and local investors in the emirate’s economic system.
3. Crime Prevention: Contributes to preventing financial crimes and illegal activities.
   Tips for obtaining security approval easily:
4. Providing accurate information: Ensure that all required information and documents are provided accurately and transparently.
5. Cooperation with the competent authorities: continuous communication with the competent authorities in the event that any additional information is requested.
6. Using experts: Specialized companies such as Itqan can be used to facilitate the process of obtaining security approval and ensure that the process runs smoothly. Obtaining security approval is an essential part of the steps for establishing companies in Dubai, and all applicants must comply with these procedures to ensure the legal and proper establishment of their companies.

What is the security approval to establish a company in Dubai?

Security approval to establish a company in Dubai is a procedure taken to ensure that all investors and shareholders do not pose a security threat to the UAE. This approval includes a review of the backgrounds of the individuals concerned by the competent security authorities in the country. Security approval usually includes the following steps:

• Submit Required Documents: Investors must submit all necessary personal documents, such as passport photos, personal photos and additional personal details.
• Background check: The relevant security authorities check the security backgrounds of investors to ensure that they are not involved in illegal activities or security threats.
• Evaluation and Approval: After a background check and verification of all information provided, a decision is made on granting security clearance. This procedure can take a few weeks depending on the number of requests and the size of the examination required.
• Notification of Result: Investors are notified of the result of the background check. If approved, the investor can proceed with the company establishment procedures. If you do not agree, more information may be requested or the request may be denied.

Obtaining security approval is a vital step in the process of establishing a company in Dubai, without which the incorporation process cannot be completed. It is important that all information provided is accurate and complete to avoid any delay or rejection of the application.

Documents required to obtain approval to invest in Dubai

To obtain approval to invest in Dubai , a number of papers and documents must be prepared and submitted. Requirements vary based on the type of business and the region in which the investment is made. However, the basic paperwork required usually includes:

1. Passport: A copy of the passport of all partners and shareholders.
2. Personal photos: Passport size photos.
3. Business Plan: Submit a detailed business plan that explains the objectives and scope of the investment.
4. Incorporation documents: If the company is located in another country, notarized copies of the company’s articles of incorporation and articles of association may be required.
5. No-objection letter: If the investor is a resident of the UAE, he may need a no-objection letter from the current sponsor.
6. Proof of Address: Provide proof of current residential address for all partners and shareholders.
7. Professional certificates: If the activity requires specific professional certificates, notarized copies of these certificates must be submitted.
8. Proof of financial resources: Providing proof that shows the investor’s financial ability to finance the project.
9. Registration fees: Pay the prescribed fees for the registration process and obtaining approvals.
10. Security approval: Some activities require obtaining security approvals from the competent authorities.
    There may be additional requirements depending on the type of business activity and the free or non-free zone in which the investment is made. Therefore, it is best to contact the competent authorities or use the services of a specialized company such as Atqan to obtain accurate and comprehensive guidance.

Establishing a company in Dubai

Establishing a company in Dubai requires following several key steps to ensure compliance with local laws and obtaining all necessary licenses. Here are the steps to establish a company in Dubai:

1. Choosing an activity: Determine the type of business activity you intend to engage in.
   Check permitted activities: Ensure that the activity you wish to practice is permitted in Dubai.
2. Available types: You can choose between several types of companies, such as a limited liability company (LLC), a branch of a foreign company, a free zone company, and others.
3. Decision based on your business: Choose the structure that best suits your business and needs.
4. Trade name standards: The trade name must comply with local laws and not contain inappropriate words or refer to governmental or religious names.
5. Name reservation: Submit a request to the Department of Economic Development to reserve a trade name.
6. Memorandum of Association and Articles of Association: Preparing and documenting the Memorandum of Association and Articles of Association of the company.
7. Shareholders’ signature: Obtain the signatures of all shareholders and have them approved by the competent authorities.
8. Electronic submission: The license application can be submitted online through the Department of Economic Development or approved service centers.
9. Required documents: Submit all required documents such as a copy of the passport, articles of association, and articles of association.
10. Renting an office or headquarters: You must select a location for the company’s headquarters and rent an office or work space.
11. Obtaining a lease contract: Submitting the certified lease contract to the relevant authorities.

Following these steps will help establish a company in Dubai legally and smoothly. It is always recommended to seek help from local experts or specialized companies such as Itqan to facilitate procedures and ensure full compliance with local laws.

Steps to invest in Dubai

 As we explained before, there are some investment steps in Dubai that must be followed before moving to Dubai and starting to invest in it, such as:

• In the beginning, the market in the Emirates must be studied well, specifically in the areas targeted by the investor, in terms of goods or services that are not present there or needed by the residents of this region, and also know the most appropriate way to market this product or service in this region. Accordingly, the type of company activity is determined, whether it is professional, commercial, or industrial, and the UAE provides, through the Department of Economic Development, many activities from which any investor can choose what suits him.
• Submit all required documents related to ownership of the company, its type of activity, and its name to the competent authorities to obtain the necessary licenses in order to invest in Dubai.
• One of the procedures for establishing a company in Dubai is to choose an appropriate name for the company that also includes its type of activity.
• Obtaining a company lease or ownership contract, and documenting the contracts in the relevant authorities in the Emirates.
•  Applying to the competent authorities in the Emirates to obtain initial approval to conduct business in Dubai.
• Choosing a suitable headquarters for the company. In this regard, the UAE provides many commercial centers in which companies have offices, equipped with the necessary facilities such as electricity, water, and means of communications, and also equipped with security in terms of guarding. These offices can be rented or owned.
• When a foreign investor enters the Emirati market, the UAE stipulates that there be an Emirati partner who owns a limited liability company, or that he obtain services from an authorized agent’s office in the Emirates.
• The last required procedures for establishing a company in Dubai are receiving the license and starting the company’s commercial registry.

What is meant by the Dubai instant license?

One of the most important facilities provided by Dubai to encourage foreign investments there when starting the investment steps in Dubai is the Dubai Instant License, as the Dubai Instant License summarizes the steps for establishing a company in Dubai in one step.

The Dubai instant license is issued with only one exchange permit, but there is a condition when issuing the Dubai instant license, which is that it is valid only once when starting the steps of establishing a company in Dubai, which is in the first year of the company, and upon renewal, all the papers required to obtain a commercial license in Dubai are submitted. Dubai.

Advantages of investing in Dubai

There are many advantages that Dubai provides to its investors and entrepreneurs, such as:

1. Dubai provides facilities for obtaining permanent residency for a foreign investor, and also for some company members, spouse and children.
2. Availability of all services related to decent living in the Emirates, such as health, education, and housing.
3. Spreading the culture of respect for others in the Emirates, and upholding the values ​​of tolerance and brotherhood, in order to coexist between different groups in the Emirates, as different nationalities live in the Emirates.
4. Taking advantage of the UAE’s strategic location, which is located in the middle of the continents and connects global markets to each other.
5. Benefiting from investing in free zones in Dubai, as the UAE pays great attention to them, in terms of infrastructure, and providing all facilities for investments to enter there.
6. Ensuring the continuation of investments in the Emirates, as the Emirates is considered one of the most stable countries, whether politically, security, socially, or economically, by achieving legal and social justice among all its citizens.
7. Benefit from the safety and protection that the UAE provides to foreign investors.
   There are many international commercial centers for shopping or investment, and there are international hotel services for staying in Dubai, or staying and investing in it.

All companies in the UAE must have a physical address for economic activity, and the commercial buildings and location must comply with the requirements specified by the Department of Economic Development in each emirate, as well as land allocation systems by the municipality or the competent authority.

In conclusion, security approval for establishing companies in Dubai represents a vital part of the legal procedures that ensure the safety and stability of the economic environment in the emirate. Through this system, Dubai enhances its attractiveness as a safe and reliable investment destination, as careful verification of the backgrounds of investors and partners ensures that the community is protected from any suspicious or illegal activities. Adherence to these measures not only contributes to building investor confidence, but also contributes to enhancing Dubai’s reputation as a global hub for business and innovation. Therefore, carefully understanding security approval requirements and hiring specialized experts is a strategic step for any investor seeking to establish a successful and sustainable company in Dubai.

Frequently asked questions about security approval to establish a company in Dubai