Establishing a company in Dubai for Saudis – steps and tips

Establishing a company in Dubai for Saudis – steps and tips

Establishing a company in Dubai for Saudis – steps and tips Establishing a company in Dubai is an important strategic step for Saudis who are looking to expand their business or exploit investment opportunities in a dynamic international market like Dubai. With its advanced and supportive business environment, Dubai provides an ideal platform for innovation and economic growth, making it a preferred destination for businesses in the Middle East. Here is an introduction explaining the basic steps of setting up a company in Dubai for Saudis in cooperation with Itqan Company.

Dubai is one of the most prominent global economic centers that attracts foreign investments and provides an ideal environment for establishing companies and expanding businesses. For Saudis, opening a company in Dubai represents a thoughtful strategic move, where they can benefit from vast investment opportunities and a presence in a thriving international market.

The basic steps for establishing a company include choosing the appropriate company type, such as a limited joint stock company or a limited liability company, according to the planned business activity. Next, it requires registering the company and securing the required capital, as well as complying with local licenses and legal regulations. These steps require specialized and careful consultation to ensure that the process goes smoothly in accordance with legal procedures in Dubai.

In cooperation with Itqan Company, Saudis can obtain the support and advice necessary to overcome all challenges and benefit from the investment opportunities available in Dubai. Establishing a company in Dubai can be a gateway to success in a diverse and thriving global market, enhancing their position in the international economic landscape.

Establishing a company in Dubai for Saudis

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Basic steps to establish a company in Dubai

Establishing a company in Dubai is an exciting and rewarding strategic step for Saudi investors. Dubai, as a global business hub, offers a developed investment environment and strong infrastructure, making it an ideal destination for establishing a business. In addition, Dubai provides a wide range of tax facilities and exemptions that encourage foreign investment. The process of setting up a company in Dubai requires following a set of basic steps to ensure compliance with local laws and establish a successful and sustainable business. In this guide, we will review the basic steps for establishing a company in Dubai, including choosing the appropriate company type, defining the business activity, obtaining the necessary licenses, and other vital procedures. Basic steps to establish a company in Dubai

Choosing the appropriate type of company: Investors must choose the appropriate type of company based on the nature of their business activity and their needs. Common types include limited liability companies (LLC), foreign branches, freehold companies, and holding companies.
Defining the business activity: The business activity that the company will undertake must be clearly defined. This helps determine what licenses are required and what procedures must be followed. The business activity can be selected from the list of activities approved by the Department of Economic Development in Dubai.
Choosing a trade name: You must choose a trade name that is consistent with local rules and regulations. The name must be unique and not conflict with any other trademarks. An application is submitted to obtain approval for the trade name from the Department of Economic Development.
Submit an application for a commercial license: After choosing the trade name and determining the business activity, you must submit an application to obtain the appropriate commercial license. Types of licenses vary depending on business activity and geographic location. Common license types include commercial, industrial, and professional licenses.
Preparing legal documents: Establishing a company requires preparing and submitting a set of legal documents, including the company’s articles of association and articles of association. These documents must be notarized by a notary.
Opening a bank account: A bank account must be opened in the name of the company to manage financial operations. Banks require the submission of some documents such as the business license, articles of association, and articles of association of the company.
Obtaining work visas: If the company plans to hire employees, applications must be submitted for work visas for foreign employees. This is done by submitting a request to the General Directorate of Residency and Foreigners Affairs in Dubai.
Renting an Office: Establishing a company in Dubai requires a physical address. An office or commercial space that meets the requirements of the business must be rented and registered in the contract.
Registration in the Chamber of Commerce: The company must be registered with the Dubai Chamber of Commerce and Industry to obtain membership in the Chamber and benefit from the services it provides.
Compliance with Legal and Tax Requirements: The company must comply with all local legal and tax requirements. This includes financial reporting and compliance with environmental and health controls depending on the business.

Establishing a company in Dubai represents a great opportunity for Saudi investors to benefit from the advanced business environment and available tax exemptions. By following the basic steps above, investors can successfully establish their companies and ensure compliance with local laws. Collaborating with specialized consulting firms such as Itqan can contribute to facilitating the establishment process and ensuring the long-term success of businesses in Dubai.

Types of companies that Saudis can establish in Dubai

Dubai is considered one of the most prominent investment destinations in the world, as it provides a thriving and diverse business environment that supports business growth and expansion. For Saudis looking to establish their companies in Dubai, there are a wide range of options available for establishing different types of companies based on their business goals and needs. Whether the goal is to take advantage of tax incentives in free zones or take advantage of a thriving local market, Saudi investors can choose the right type of company to achieve their goals. In this article, we will review the different types of companies that Saudis can establish in Dubai. Types of companies that Saudis can establish in Dubai

Limited Liability Companies (LLC)

Limited Liability Companies (LLC) are one of the most common types of companies in Dubai. Saudis can own up to 49% of the company’s shares, while the local partner (Emirati national) must own at least 51% of the shares. This type of company has great flexibility and allows investors to engage in a wide range of business activities.

Free companies

Free enterprises are an excellent option for investors who want 100% ownership of their companies. These companies are located in free zones such as Jebel Ali, Dubai South, and Dubai Internet City, and offer tax incentives and simplified incorporation procedures. Free companies can conduct business within the free zones and export outside the UAE, but they face some restrictions on trade within the local market.

Professional companies

Professional companies enable Saudi investors to provide specialized services such as consulting, legal services, and medical services. Saudis can own 100% of the company’s shares, but this requires appointing a local service agent (Emirati national) to facilitate government procedures and legal transactions.

Foreign branches

Existing Saudi companies can establish branches in Dubai. Foreign branches are registered as subsidiaries of the parent company and are allowed to conduct business activities in Dubai without the need for a local partner. This option is suitable for companies that want to expand their operations to the UAE market.

Holding companies

Holding companies are a suitable option for Saudi investors who want to manage multiple investments. The holding company can own shares in other companies inside and outside the UAE, allowing investors to diversify their investments and manage a broad investment portfolio.

Dubai provides an ideal environment for establishing companies for Saudi investors thanks to the economic facilities and incentives available. By choosing the right type of company based on business goals and needs, investors can achieve long-term success in Dubai. Using consulting companies such as Itqan Company can contribute significantly to facilitating the process of establishing companies and ensuring compliance with local laws, which enhances the chances of success and growth in the UAE market.

The role of our company in establishing a company in Dubai for Saudis

Establishing a company in Dubai represents an attractive investment opportunity for Saudis, due to the advanced economic environment and stimulating investment climate that Dubai provides. Dubai is distinguished by its advanced infrastructure and flexible regulatory environment that supports innovation and business growth. Establishing a company in Dubai provides access to a diverse and multicultural global market, enhancing opportunities for growth and expansion. In addition, Dubai features free zones that provide tax incentives and simplified incorporation procedures, making it a preferred destination for Saudi investors. The presence of partners such as Itqan helps facilitate this process thanks to their deep knowledge of local procedures and the extensive experience they possess in this field. Cooperating with specialized companies helps overcome the bureaucratic and legal challenges that investors may face, and saves them the time and effort needed to focus on developing their business. Itqan Company enhances the chances of success by providing specialized advice and continuous support, ensuring the establishment of a company smoothly and efficiently. Dubai is also considered a gateway to global markets thanks to its strategic location linking East and West, allowing Saudi investors to benefit from vast business opportunities in various sectors. With the increasing economic cooperation between Saudi Arabia and the UAE, Saudi investors are finding in Dubai an incubating environment for their businesses supported by government facilities and economic initiatives that encourage foreign investment. Establishing a company in Dubai gives Saudi investors the opportunity to achieve long-term success and an effective contribution to the local and regional economy. In cooperation with Itqan Company, Saudi investors can benefit from local and international expertise to establish their companies with confidence and safety, which opens the doors of success and growth for them in one of the most prominent business centers in the world.

Frequently asked questions about establishing a company in Dubai for Saudis

What are the basic steps to establish a company in Dubai?

The basic steps for establishing a company in Dubai include: choosing the appropriate company type, defining the business activity, choosing a trade name, applying for a business license, preparing the required legal documents, opening a bank account, and obtaining work visas for employees if necessary.

Can Saudis establish companies across Dubai?

Yes, Saudis can establish companies throughout Dubai, including free zones and special economic zones. Dubai free zones offer benefits such as full ownership by foreigners and tax exemptions, making them an attractive option for Saudi investors.

What types of companies can Saudis establish in Dubai?

Saudis can establish several types of companies in Dubai, including limited liability companies (LLC), foreign branches, freehold companies, and holding companies. The choice of company type depends on the needs and type of planned business activity.

What tax benefits are available to companies in Dubai?

Businesses in Dubai enjoy multiple tax benefits, including exemption from personal and corporate income tax on most activities, and no value-added tax (VAT) in some free zones. Dubai also offers double taxation avoidance agreements with many countries, making it easier for Saudi investors to manage their tax obligations.

Are there special requirements for establishing a company in Dubai for Saudis?

There are no special requirements for Saudis that differ from the requirements for establishing companies for other nationalities. Saudis must adhere to the same legal procedures and required licenses that apply to all foreign investors in Dubai.

How can I obtain a residence visa when establishing a company in Dubai?

Business owners in Dubai can apply for residence visas for themselves, their families and employees. This is done by submitting an application to the General Directorate of Residency and Foreigners Affairs in Dubai after obtaining the commercial license and establishing the company.