Conditions and advantages of investment in Dubai for Syrians

Investment is considered the most successful way to achieve financial freedom, but it is a vast and complex world that requires investors to conduct studies and prepare ongoing plans to reach the stage of calculating profits. Since there are many abundant investment fields, the investor will be preoccupied with choosing the sector and country in which to invest. At Imtilak Global, we will try to provide investment insights for Syrians regarding the various fields, conditions, and facilities in Dubai, the city of money and business.

Are Syrians allowed to invest in Dubai?

The Dubai government seeks to issue decisions and laws that encourage investors from all over the world, including Syrians, to invest in the emirate in order to maintain a vibrant and globally leading economy. In fact, the number of Syrian investors in the emirate is steadily increasing due to the prospects and factors for the success of investments and economic projects there.

Investment Law in Dubai for Syrians

The investment law in Dubai grants Syrian investors up to 100% ownership, in addition to other competitive incentives and advantages. The law aims to keep pace with the changing times and developments in the global foreign ownership landscape, and is considered a launchpad for new horizons in the world of economics. Its application covers all direct foreign investment projects established or licensed in the emirate. It does not apply to projects established in free zones and non-financial areas.

The investment law in Dubai offers many advantages, as it treats licensed foreign companies the same as national companies, allows for the introduction of new partners, transfer of ownership to a new investor, amendment of the articles of incorporation, or change of legal form, as well as mergers and acquisitions without affecting the granted advantages. It also guarantees the confidentiality of information and investment initiatives submitted to official authorities, in addition to the freedom to transfer net annual profits and employees' salaries and entitlements abroad easily, guarantees the right of projects to the benefits granted to foreign investment projects, and does not suspend, cancel, or restrict the right to use real estate allocated to the project.

The law ensures that approval for a project license application is obtained within a maximum of five working days if all required documents and conditions are met.

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Investment Conditions in Dubai for Syrians

There are some conditions related to investment in Dubai for Syrians, including:

• Choosing the project location within the free zones designated for investment in Dubai.
• Determining the legal structure of the project or company based on the type of investment the investor will establish.
• Obtaining the necessary approval and license from the Department of Economic Development in the emirate, which varies depending on the type of investment project, as well as the required security approval.
• The required residency related to investment: the investor must establish his project and maintain it for at least three years to obtain an investor residency.

What are the advantages Syrian investors get in Dubai?

The UAE seeks to provide many encouraging advantages for investors to support entrepreneurship and works to increase the number of established companies to diversify local income sources. To this end, it monitors and removes obstacles to investment, making the investment environment competitive for attracting foreign projects.

The advantages Syrian investors get in Dubai are numerous, including:

• Allowing investors to establish and own companies in all areas, without requiring a local citizen as an agent.
• Allocating about forty free zones to enable investors to establish companies in these areas, with the freedom to choose the appropriate zone for tax-exempt economic activity.
• The ability to invest in multiple sectors such as industry, trade, education, agriculture, health, construction, and more.
• The right to fully self-manage the boards of foreign companies without requiring a local agent or Emirati citizens as board members.
• Establishing companies with open capital without a minimum requirement, giving Syrian investors freedom in building and planning projects.
• The state does not impose income tax on individuals, companies, or investors and allows full profit repatriation abroad.
• Granting investors long-term residency ranging from five to ten years.
• Providing the necessary facilities to attract specialized professional labor for contracting.
• Reducing customs tariffs, which helps attract investors and encourages them to establish their businesses and companies. The customs tariff in the UAE ranges from zero to only 5%.

• Providing incentives for the industrial sector, such as competitive financing solutions, advanced technology, customs exemption for importing production machinery and raw materials, and other incentives provided by the state to the industrial sector.

Volume of Syrian Investments in Dubai

Syrian businessmen have flocked to Dubai noticeably over the past decade, leading to an increase in the volume of their investments in the emirate.

Syrian investment in the UAE is considered one of the most important, always ranking high among its Arab and foreign counterparts in terms of trading volume; the UAE ranked first among Arab countries and third globally in the volume of Syrian foreign trade.

Syrian investments have reached a value of more than 40 billion dollars since 2011 until now, representing 8.3% of the total Arab investments in the UAE.

Read also: Advantages of living in Al Warqa area in Dubai.

Best Types of Investment in Dubai for Syrians

There are many investment sectors in Dubai for Syrians, including commercial, industrial, financial investment, healthcare, e-commerce, maritime transport, and more.

The investment preferred by many businessmen is in the real estate sector, a vital sector that is active year-round with satisfactory profit returns, making it the best type of investment in Dubai for Syrians.

Real Estate Investment in Dubai for Syrians

Dubai is a destination for investors in all fields; however, investment in the real estate sector stands out in the emirate, which always leads in property sales worldwide, and its real estate market is classified as one of the most active and strongest globally.

In the past decade, the increase in the number of newcomers and investors to Dubai has led to a clear boom and prosperity in the real estate sector locally and globally. The real estate market in Dubai includes many ready-to-own and investment projects, with a modern and luxurious lifestyle in terms of design and accompanying social and entertainment services.

The emirate continues to construct buildings and implement pioneering real estate projects in several vital areas.

It is noted that investment returns in Dubai for foreigners are estimated at about 7% of the property value annually.

Imtilak Global Services for Syrian Investors

Many luxurious real estate projects suitable for businessmen in Dubai. Therefore, Imtilak Global offers Syrian investors all services related to securing suitable properties for them, through a package of accompanying services, such as providing comprehensive information about investment methods in the emirate, clarifying the easiest ways for investors to choose the most appropriate type, conducting field tours to inspect the property and its surroundings and features, as well as supervising the ownership transfer process, securing the necessary documents and papers, and following up the procedures for registering the property in government and official departments until the title deed is delivered to the new owner.

For more information and inquiries, contact Imtilak Global, real estate experts in the UAE.

Edited by: Imtilak Global Real Estate Company©