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Steps to establish a company in Dubai for Gulf nationals without a sponsor

Steps to establish a company in Dubai for Gulf nationals without a sponsor

١١ مارس Steps to establish a company in Dubai for Gulf nationals without a sponsor

Some investors want to know the steps for establishing a company in Dubai for Gulf citizens without a sponsor, because Dubai is one of the most attractive cities for businessmen in the Gulf region, as it provides an ideal environment for establishing companies and developing businesses. Many Gulf businessmen are looking for opportunities to establish their companies in Dubai without the need for a sponsor, which makes the procedures and requirements required for this a thorny and interesting topic.

When considering the steps to establish a company in Dubai for Gulf nationals without a sponsor , we must take into account the laws and regulations that govern this process. The steps and requirements vary according to the type of company and the activity it aims to engage in, requiring a thorough understanding of local procedures and legal details.

It is also important to ensure the availability of the necessary papers and documents, such as passports, personal documents of shareholders, and other documents required by the concerned authorities. Gulf businessmen must also be aware of local taxes and financial obligations and how to deal with them properly.

In general, it can be said that the process of establishing a company in Dubai for Gulf businessmen without a sponsor requires a comprehensive study of local procedures, requirements and obligations, in addition to obtaining appropriate legal advice to ensure the successful implementation of the process in accordance with the laws and regulations in force in Dubai.

Steps

Steps to establish a company in Dubai for Gulf nationals without a sponsor

Steps to establish a company in Dubai for Gulf nationals without a sponsor

If you want to establish a company in Dubai for Gulf nationals without a sponsor, you can follow the following steps:

  • Choose the company type:

You can choose one of the following business areas:

  1. Free Zone Company: Provides complete freedom of ownership for Gulf nationals without the need for a local sponsor. The company must be registered and registered in one of the recognized free zones in
  2. Dubai, such as Jebel Ali or Dubai Technology and Innovation District (DTA).
  3. Mainland Company: You may need a local sponsor to establish a company in the onshore area, but a Local Service Agent Agreement can be obtained instead of a sponsor.
  4. Local, which is an agreement stipulating that the sponsor will not interfere in the company’s affairs.
  • Choosing a Company Name: Choose an appropriate and unique name for your company and ensure it is available and registered according to local requirements.
  • Submitting an application for incorporation:
    Submit an application for company incorporation to the relevant authority, whether it is the Department of Economic Development (DED) for companies in the onshore zone or the selected free zone authority. You may need to provide required documents such as passport photos and personal certificates of shareholders.
  • Payment of Capital:
    There may be a requirement to pay the capital required to establish the company. You should check the required amount and accepted payment methods.
  • Obtaining licenses and permits:
    You may need to obtain licenses and permits from relevant authorities, such as the Department of Economic Development (DED) or the chosen free zone authority. These licenses can include a business license, building permits, and residence permit if necessary.
  • Establishing a corporate office:
    Establish an office or headquarters for your company in Dubai and ensure that there is a correct and approved office address.
  • Compliance with legislation and regulations:
    Ensure compliance with local laws and regulations in Dubai and adherence to all legal, tax and labor requirements.
  • Hiring Employees:
    You may need to hire employees to help you manage and operate the company. Search for local or foreign talent that suits your business needs.
  • Opening a bank account:
    Open a bank account for the company in one of the recognized banks in the emirate.
  • Issuing Work Authorizations:
    Ensure that all foreign employees employed by you have the necessary work licenses and correct residency under local immigration laws.

For Gulf nationals wishing to establish a company in Dubai, the emirate represents an ideal opportunity for growth and prosperity in the business world. Dubai witnesses a large demand from Gulf entrepreneurs and investors, and is considered one of the most attractive business destinations in the region.

Establishing a company in Dubai for Gulf nationals without a sponsor

Establishing a company in Dubai for Gulf nationals without a sponsor is considered a strategic step for growth and investment in one of the fastest growing economies in the world. Dubai is an ideal destination for entrepreneurs and investors due to its flexible business environment, cultural diversity, and advanced infrastructure.

In cooperation with “Itqan” Company, Gulf nationals can establish their companies easily and without the need for a local sponsor, which provides them with complete freedom to manage and fully own their businesses. “Itqan” company provides a comprehensive range of services that help in establishing companies, starting from initial consultations to obtaining the required licenses, and providing advice on the best free zones in Dubai to establish businesses.

Among the most prominent free zones in Dubai that Gulf Arabs can benefit from are: Dubai Internet City, Dubai Media City, Dubai Healthcare City, and Jebel Ali Free Zone. Each free zone offers unique benefits that meet the needs of various industrial and commercial sectors. In addition, these areas provide tax breaks and financial incentives that attract investors.

Cooperation with “Itqan” Company facilitates the process of establishing the company by providing integrated services that include preparing legal papers, registering with government agencies, opening bank accounts, and providing integrated accounting and administrative solutions. Itqan also provides post-incorporation support services to ensure business continuity and growth, including financial consulting and developing effective marketing strategies.

Thanks to its extensive experience in the UAE market, Itqan ensures smooth and efficient company incorporation, allowing Gulf investors to focus on growing and developing their businesses in a prosperous and supportive business environment. Establishing a company in Dubai without a sponsor is no longer just a dream, but rather a reality that can be easily achieved with the help of professional partners like “Itqan”.

Advantages of establishing a company in Dubai for Gulf nationals without a sponsor

Establishing a company in Dubai for Gulf nationals without a sponsor has many advantages, making Dubai a preferred destination for investment and entrepreneurship. Here are the most prominent features:

  • Full ownership of the company: Gulf nationals can establish companies in Dubai with 100% full ownership, without the need for a local partner or sponsor, giving them full control over their business and investments.
  • Tax exemptions: Dubai has a distinctive tax policy that includes tax exemptions for companies and individuals. There are no taxes on personal income or corporate profits in many free zones.
  • Ease of procedures and establishment: Dubai provides easy and quick procedures for establishing companies, with great government support for investors. Online procedures can be completed quickly and easily.
  • Advanced Infrastructure: Dubai is characterized by a world-class infrastructure, including airports, ports, roads and public transportation, in addition to advanced logistical facilities.
  • Strategic location: Dubai is located in a strategic location linking the East and the West, making it an important logistical and commercial center, with easy access to global markets.
  • Political and economic stability: Dubai enjoys political and economic stability, which provides a safe and attractive environment for investors from around the world.
  • Cultural diversity and openness: Dubai is a cosmopolitan city that embraces diverse cultures, making it easier for investors and their families to adapt and integrate into the local community.
  • Financing facilities and government support: The government in Dubai offers many programs and initiatives to support entrepreneurs and startup companies, including financing facilities and training programs.
  • Low bureaucracy: Compared to many other countries, Dubai has a low level of bureaucracy, which makes it easier for investors to run their businesses effectively.
  • Free zones: Dubai provides many free zones that give investors full ownership of companies, tax exemptions, and ease of financial transfers, in addition to facilitating employment and visa processes.
    These advantages make establishing a company in Dubai an attractive option for Gulf nationals wishing to expand their businesses and benefit from the investment opportunities available in this global city.

Commercial

Commercial license to establish companies in Dubai for the Gulf

Conditions for establishing a company in Dubai for Gulf nationals without a sponsor

Establishing a company in Dubai for Gulf nationals without a sponsor requires following a set of steps and procedures to ensure compliance with local laws. Collaborating with a consulting company like “Itqan” can greatly facilitate this process. Here are the conditions and steps for establishing a company in Dubai:

  • Conditions for establishing a company in Dubai for Gulf nationals without a sponsor
    of Gulf nationality: The founder of the company must be a citizen of the Gulf Cooperation Council countries (Saudi Arabia, Kuwait, Bahrain, Qatar, Oman).
  • Choosing the type of company: You can choose the type of company to be established, such as a limited liability company (LLC) or a free zone company.
  • capital: The minimum capital required may vary depending on the type of company and the free zone in which the company will be established.
  • Choose a company name: You must choose a trade name for the company and make sure that the name is unique and not used by another company in Dubai.
  • Obtaining the necessary approvals: Some commercial activities require special approvals from the competent government authorities.

Obtaining a commercial license to establish companies in Dubai for the Gulf

Obtaining a commercial license to establish a company in Dubai is a necessary procedure to ensure that business activity continues smoothly and in accordance with local laws. For Gulf nationals who own companies in Dubai, license renewal is an important process to ensure business continuity and avoid any disruption. In cooperation with “Itqan” company, this process can be facilitated and ensured that it is carried out efficiently and without hassle.

Steps to obtain a commercial license

Submit an extraction request  The process begins with submitting an application to renew the commercial license. “Itqan” provides free consultations to review the current license and ensure that all the information included in it is correct.

Preparing the required documents

Documents required to renew a business license usually include:

  • A copy of the current trade license.
  • The lease contract is valid.
  • No objection certificate from the Regulatory Authority (if any).
  • A copy of the partners’ passports and Emirates ID.
  • “Itqan” assists clients in collecting and preparing these documents to ensure that they are submitted correctly.
  • Payment of fees: The fees required to renew the license must be paid. “Itqan” helps calculate the fees due and provides assistance in the payment process to ensure it is completed quickly.
  • Submitting the application to the competent authorities: After preparing all documents and paying the fees, the renewal application is submitted to the Department of Economic Development in Dubai or the relevant free zone. “Itqan” undertakes this step on behalf of customers to ensure that the application is submitted correctly and in a timely manner.
  • Follow-up and receipt of the renewed license: “Itqan” follows up the status of the application with the competent authorities to ensure that the application is processed quickly and efficiently. Upon approval of the request, “Itqan” delivers the renewed license to the customer.

Advantages of cooperation with Itqan Company

“Itqan” provides comprehensive guidance and guidance on the best free zones and commercial activities suitable for investment. Cooperation with a consulting company such as “Itqan” can make the process of establishing a company in Dubai smooth and fast, and ensure compliance with all legal and administrative requirements.

  1. Saving time and effort: Thanks to their extensive experience in the field of establishing companies and renewing commercial licenses, “Itqan” simplifies procedures and saves time and effort for customers.
  2. Compliance with Laws: Itqan ensures compliance with all local laws and regulations, which helps in avoiding any potential legal problems.
  3. Dedicated support: “Itqan” provides customized support to each client, ensuring that all their special needs and requirements are met. Renewing the commercial license in Dubai for Gulf nationals in cooperation with “Itqan” is a smooth and easy process that ensures business continuity without any complications. Thanks to the extensive experience and knowledge that “Itqan” possesses, Gulf entrepreneurs can focus on growing their businesses while “Itqan” takes care of all the bureaucratic procedures.

It is important to check the specific conditions and requirements for establishing a company in Dubai without a sponsor, and these conditions can vary depending on the type of company and business activity. Therefore, it is necessary to consult the experts of Itqan Company to obtain further assistance and guidance.

The Emirate of Dubai is considered one of the most popular places to establish companies for Gulf nationals, for several reasons, including the available facilities, advanced infrastructure, and dynamic economic environment. Dubai provides a legal and regulatory framework that supports investment and facilitates the process of establishing companies in diverse and flexible ways.

Gulf companies wishing to take advantage of the vast opportunities in Dubai must take into account some important points such as consulting with legal and financial specialists, understanding local laws and regulations, choosing the appropriate legal structure for the company, determining the financial resources required to start, and applying the necessary procedures to obtain the necessary licenses.

In short, establishing a company in Dubai for Gulf Arabs requires the use of local experts and consultants, a good understanding of the economic and legal environment, and adherence to local procedures and requirements. Thus, Gulf investors can make the most of the available opportunities and achieve sustainable success in the business world in Dubai.

Frequently asked questions about establishing a company in Dubai for the Gulf

Can Gulf nationals establish a company in Dubai without a local sponsor?

Yes, Gulf nationals can establish companies in Dubai without the need for a local sponsor. Free zones in Dubai, such as Jebel Ali Free Zone and Dubai Internet City, allow Gulf investors to fully own their companies without the need for a local partner.

What types of companies can be established in Dubai without a sponsor?

Various types of companies can be established, including limited liability companies (LLC), branches of foreign companies, and free companies. Free zones offer flexible and diverse options to suit investors’ needs.

What are the documents required to establish a company in Dubai?

Documents required usually include:

  • a copy of the passport.
  • Photograph. Establishment application form.
  • Lease agreement (if required).
  • Business plan (in some cases).