Establishing a company in Dubai is an important and exciting investment step for Gulf Arabs seeking success and economic growth. The Emirate of Dubai provides advanced infrastructure and favorable commercial laws, making it an ideal destination for doing business. In this article, we will review the steps for establishing a company in Dubai for Gulf Arabs, which will help them embark on their entrepreneurial journey with confidence and success.

Establishing a company in Dubai is considered a smart strategic move for ambitious Gulf nationals seeking to exploit promising opportunities in the global business market. Among the companies providing support and guidance to new investors in Dubai, Itqan stands out as a trusted strategic partner.

In this article, we will discuss in detail the process of establishing a company in Dubai for Gulf Arabs in cooperation with Itqan Company, exploring the necessary steps, potential challenges, and benefits resulting from this partnership. We will also take a look at the promising investment sectors in Dubai that may be the focus of the success of startups.

As a leading IT company, Itqan has experience and a proven history of supporting entrepreneurs and investors in Dubai. Through thoughtful market analysis and the provision of distinguished services, Itqan provides an enabling and supportive environment for the success and development of startups.

Join us on this exciting journey to explore the horizon of opportunities in the world of entrepreneurship in Dubai, and analyze the role of Itqan Company as a key partner in realizing the dreams of Gulf investors.

Steps to establish a company in Dubai for Gulf citizens

Steps to establish a company in Dubai for Gulf citizens

For Gulf nationals who wish to establish a company in Dubai, here are general steps that can be followed:

• Market study and opportunity analysis:
  Before starting to establish a company, Gulf nationals must study the market in Dubai and analyze the opportunities available for the activity they desire. It is recommended to conduct thorough research on the market, competition and potential customer needs.
• Choosing the economic activity:
  You must determine the type of economic activity that the company wishes to practice. You can consult with business consultants or specialists in the sector you are interested in to get advice on the best options available.
• Determine the form of company:
  You need to determine the appropriate company form, whether it is a sole proprietorship or a partnership. You can consult with a legal advisor to determine the appropriate option according to your needs and goals.
• Choosing a company name:
  You must choose a unique and appropriate name for the company. The availability of the requested name must be verified and registered with the competent authorities in Dubai. The name must be consistent with registration laws and not conflict with existing company names.
• Submitting a registration application:
  You must submit a registration application to obtain a business license in Dubai. You must submit the required documents, pay the prescribed fees, and comply with the conditions specified for the chosen economic activity.
• Establishing Capital:
  You need to establish the required capital for the company according to the economic activity. There can be special requirements for GCC nationals regarding minimum capital or financial contribution.
• Establishing the company and legal procedures:
  After completing the previous procedures and obtaining the commercial license, the company must be officially established and the required legal documents must be submitted, such as the articles of incorporation, partner contracts, and the company’s terms and conditions.
• Establishing a corporate office:
  You need to establish a corporate office in Dubai, whether in an executive office, a free zone, or another location. You must ensure that the chosen location is compatible with Dubai’s laws and regulations and the requirements of the chosen economic activity.
• Compliance with local legislation:
  GCC nationals must adhere to all local legislation and regulations in Dubai and comply with tax, legal, financial reporting and other requirements. Accounting experts and legal advisors can be used to ensure full compliance.
• Obtaining a work permit:
  If the company is established as a sole proprietorship, Gulf nationals may need to obtain their own work permit in Dubai. You can inquire from the competent authorities about the requirements and procedures related to this aspect.

Establishing a company in Dubai requires adherence to specific legal and regulatory procedures, and ITQAN consultants can be used to assist in this process. A comprehensive business plan must be prepared that includes financial, marketing and administrative aspects, and it is recommended to seek assistance from experts in the field of business to obtain the professional advice and support necessary to achieve the company’s future success in Dubai.

Ways to establish a company in Dubai for Gulf citizens

Here are some of the methods that Gulf nationals can use to establish a company in Dubai:

1. Establishment in a free zone: Gulf nationals can establish their company in one of the free zones in Dubai such as the Dubai Technology and Internet Zone (DTech) or the Dubai World Trade Zone (DWTC). These areas offer advanced infrastructure and benefits such as tax facilities and soft laws for incorporation.
2. Establishing as a local company: Gulf nationals can establish a local company in Dubai according to local laws, where they have the right to fully own the company without the need for local partners.
3. Establishing as a branch of an existing company: Gulf nationals can establish a branch of an existing company in their country of origin, which allows them to benefit from the brand, previous experiences, and financial resources of the parent company.
4. Partnering with local investors: Gulf nationals can consider collaborating with local investors in Dubai to establish the company, enabling them to benefit from local knowledge and guidance in the establishment and operation process.
5. Use the services of companies specialized in incorporation: Gulf citizens can use the services of companies specialized in incorporation in Dubai, as they provide support and advice in every step of the incorporation process.

Documents required to establish a company in Dubai for Gulf nationals

To establish a company in Dubai for Gulf nationals , the documents required may vary depending on the type of company and the legal structure they choose. However, here is a list of basic documents that are usually required:

• Company incorporation application form: An official application form for company incorporation must be submitted, including information about the partners, the type of company, and the proposed activities.
• Copy of partners’ passports: A copy of the passports of all partners must be submitted.
• Proof of residence form: If one of the partners resides in the UAE or GCC countries, proof of residence may be requested.
• Business Activity Permit: A document containing details of the business activity planned by the company must be submitted.
• An incorporation form that contains information about shareholders, distribution of shares, and responsibilities: An incorporation form must be submitted that contains details of partners, ownership percentage, and distribution of responsibilities.
• Company incorporation contract: A formal contract may be required to establish the company, including information about the partners, the company’s activities, and the rights and obligations of the partners.
• Bank Certificate: The government may request a bank certificate proving that the required capital has been deposited in a specific bank account.
• Investment permit: If the company carries out certain investment activities, an investment permit may be required from the competent authorities.
• Tax Declaration: The government may require a tax declaration or tax registration for the company.

Establishing a company in Dubai for Gulf nationals

Fees for establishing a company in Dubai for Gulf nationals

Company formation fees in Dubai for GCC citizens consist of several elements, and vary according to the type of company, its location, and the services required. However, a general estimate can be provided of the main costs of company formation in Dubai:

1. Registration fees: Registration fees vary depending on the type of company and type of business activity. For example, the fees for registering a local company may differ from those required to establish a branch of a foreign company.
2. Activity license fees: There may be additional fees related to obtaining licenses for the business activity undertaken by the company. These fees vary based on the type and location of the activity.
3. Legal Consultation Fees: It is highly recommended to obtain expert legal advice during the company formation process. There may be a fee for legal consultations.
4. Government administration fees: Government administration fees may apply to the process of establishing the company and issuing the necessary licenses.
5. Support services fees: There may be additional fees for support services such as brand design, website design, and others.

Commercial licenses required to establish a company in Dubai for Gulf nationals

The business licenses required to establish a company in Dubai for Gulf nationals depend on the type of business activity and the company structure chosen. However, there are some common business licenses that Gulf nationals may need when establishing their company in Dubai:

1. General Trading License: This license allows the practice of a variety of certain commercial activities, including the buying and selling of various goods and commodities.
2. Professional License: This license allows individuals to practice professional or service activities that require specific skills and knowledge, such as medicine, engineering, and accounting.
3. Industrial License: This license allows the establishment, operation, and management of factories and industrial facilities in Dubai.
4. Free Zone Business License: This license is granted to companies that intend to operate in the economic freedom zones in Dubai. These areas provide a favorable business environment with many advantages such as no taxes on profits and full ownership of the company.

At the conclusion of this article, we reiterate the importance of the investment opportunities that Dubai offers to Gulf Arabs in establishing their companies. By adhering to clear, deliberate steps and in cooperation with experts such as Itqan, Gulf investors can achieve sustainable success in Dubai’s dynamic business environment. Feel free to embark on your journey towards establishing your own company in this wonderful city, and we are always here to help you every step of the way.

The most frequently asked questions about establishing a company in Dubai for Gulf nationals