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Ways to establish a company in Dubai for Gulf citizens

Ways to establish a company in Dubai for Gulf citizens

١٥ مارس Ways to establish a company in Dubai for Gulf citizens

Establishing a company in Dubai for Gulf Arabs represents a strategic investment step for Gulf investors, as Dubai is one of the most prominent economic centers in the region, and provides a distinguished investment environment that attracts many entrepreneurs and investors. The procedures for establishing companies in Dubai are easy and flexible, making it a preferred destination for many Gulf nationals who want to establish their businesses.

One of the main ways to establish a company in Dubai for Gulf citizens is to benefit from local laws and regulations that allow them to easily establish their companies, whether they are individual companies or joint stock companies, with multiple options available for the types of companies that can be established.

In addition, Gulf investors can benefit from Dubai\’s strong competitive environment, which encourages innovation and development in various economic sectors. Dubai also provides advanced infrastructure and integrated financial and legal services that facilitate the process of establishing and operating companies efficiently and effectively.

Given these factors, it can be said that establishing companies in Dubai is a fruitful and favorable option for Gulf Arabs, which contributes to supporting economic development and enhancing trade and investment in the region.

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Ways to establish a company in Dubai for Gulf citizens

Establishing a company in Dubai for Gulf nationals

Establishing a company in Dubai for Gulf nationals is considered an important strategic step towards achieving success and prosperity in a dynamic and prosperous business environment. Dubai is characterized by many advantages that make it an ideal destination for Gulf investors, as it offers a favorable economic environment and government facilities that enhance investment operations and encourage entrepreneurship.

Dubai provides advanced infrastructure, including Dubai International Airport and Jebel Ali Port, facilitating access to global markets and promoting international trade. The emirate is also characterized by flexible and organized economic legislation, and provides an appropriate legal environment that supports business operations effectively.

One of the main benefits of establishing companies in Dubai for Gulf Arabs is the ability to take advantage of government facilities provided to local investors, which includes reductions in fees and taxes and programs that support entrepreneurship.

In addition, Dubai\’s cultural and linguistic diversity expands the circle of potential customers and partners, enhancing business opportunities and facilitating communication and dealing with business partners from different cultures.

In conclusion, establishing a company in Dubai for Gulf Arabs represents a fruitful opportunity to benefit from the distinguished economic environment and government facilities provided, which contributes to achieving success and sustainable growth in the business world.

Investment privileges in Dubai for Gulf citizens

Investing in Dubai for Gulf Arabs is an exciting opportunity for growth and profitability, as the city has advanced infrastructure, encouraging investment laws, a dynamic real estate market, and a diverse business environment. Dubai also offers various investment opportunities in various sectors such as real estate, trade, tourism, technology, and entertainment, making it a favorite destination for investors from the Gulf countries.

  1. Right to reside and travel: Citizens of the Arab Gulf are granted the right to reside and travel with a civil ID, which makes it easier for them to access markets and invest in Dubai without visa procedures.
  2. Right to Free Practice: All investors from Gulf countries are allowed to practice any commercial, industrial or professional activity in Dubai, including the mainland and free zones, without restrictive restrictions.
  3. The right to choose the legal form: Gulf investors are given the freedom to choose the appropriate legal form for their company, including joint stock companies, without specific restrictions.
  4. Freehold right: Gulf investors are allowed to own 100% of residential and commercial properties, which enhances confidence in the real estate market.
  5. Customs Union: The Customs Union was established to facilitate the movement of products between the Gulf Cooperation Council countries without customs restrictions.

Regarding the procedures for establishing a company in Dubai for Gulf citizens, investors can follow the procedures directly or seek the assistance of a specialized Itqan company to guide and assist them in the required legal and administrative procedures.

Ways to establish a company in Dubai

Establishing a company in Dubai for Gulf nationals represents an important strategic step that requires precise knowledge of local procedures and requirements. One of the main ways to establish companies in Dubai for Gulf Arabs is to establish a local company in the appropriate legal form. There are different ways to establish a company in Dubai for Gulf Arabs. Here are some common methods:

  1. Establishing a company in free zones:
    Free zones in Dubai provide a distinctive commercial environment for investors, where Gulf nationals can establish their companies with full ownership (100%) without the need for a local partner. Comprehensive support services such as streamlined customs procedures, tax exemptions and fast licensing are provided.
  2. Establishing a company in the National District:
    Gulf nationals can establish their companies in the National District in Dubai, which follows UAE federal legislation and regulations. This option requires a local UAE national partner who maintains a stake of at least 51% in the company.
  3. Establishing a company in the onshore zone:
    Gulf nationals can establish their companies in the onshore zone in Dubai, which requires the presence of a local partner, an Emirati citizen, who maintains a stake of no less than 51% in the company. UAE federal legislation applies in this case.
  4. Investing in existing companies:
    Instead of establishing a new company, Gulf nationals can invest in existing companies in Dubai by acquiring a stake or investing in them. Applicable local laws and regulations must be adhered to in the investment process.
  5. Requesting business licenses:
    Gulf nationals can obtain business licenses to conduct commercial activities in Dubai, whether as a sole proprietorship or a limited liability company. Must adhere to legal and procedural requirements to obtain business licenses.

Do you have a company and want to open a branch in Dubai?

If you own a company and are considering opening a branch in Dubai, you are taking a strategic step towards expanding into a vibrant global market. Dubai provides an encouraging business environment with advanced infrastructure, a distinct geographical location, and encouraging economic policies. Whether you want to take advantage of free zones like Jebel Ali, or special economic zones like Dubai South, Dubai offers multiple opportunities for growth and success. Achieving this requires following specific steps and procedures, including choosing the appropriate area, obtaining the necessary commercial license, and submitting the required documents to the competent authorities. With these steps, you can strengthen your company\’s presence in one of the fastest growing cities in the world.

How to establish a company in Dubai for Gulf citizens

To establish a company in Dubai for the Gulf, Gulf citizens must follow some steps and procedures. Here\’s a rundown of the basic steps:

  1. Choose company type: You can choose between several types of companies, such as sole proprietorship, limited liability company, or personal company.
  2. Determine the business: You must determine the type of business you want to engage in, and ensure that it is compliant with local laws and regulations.
  3. Choosing a company name: You must choose an appropriate name for the company and ensure that it is not similar to the names of existing companies.
  4. Obtaining a company license: You must apply for a license to conduct business from the Department of Economic Development in Dubai or from the entity concerned with company licensing.
  5. Establishing and registering the company: After obtaining the license, an application must be submitted to register the company with the Department of Economic Development or the relevant authority.
  6. Residence and Work Visa: Gulf founders must obtain a residence and work visa to stay and work in Dubai.
  7. Opening a bank account: The company must open a bank account in an approved local bank.
  8. Compliance with tax legislation: The company must comply with local tax legislation, such as value-added tax.
  9. Employee visas: If the company needs non-Gulf employees, visas and appropriate work licenses must be obtained for them.
  10. Health Insurance: Ensure health insurance is provided to employees in accordance with local laws.

These are general steps, and details can vary depending on the type of company and current local laws. It is recommended to consult Itqan Company\’s experts who specialize in establishing companies in Dubai to ensure full compliance with legal and administrative requirements.

About establishing a company in Dubai for Saudis

Establishing a company in Dubai for Saudis is considered an important and exciting investment step due to the many advantages that Dubai offers as a global business center. Here\’s an overview of the process:

  1. Choosing the company type: Saudis can choose the company type that suits their business activity, such as a limited liability company (LLC), a sole proprietorship, or a joint stock company.
  2. Choosing a company name: You must choose a unique and appropriate name for the company and ensure that it is available and not similar to the names of other companies.
  3. Determine the capital contribution: The company\’s capital contribution must be determined, which can be financial or in-kind.
  4. Determination of responsibilities and rights: The responsibilities and rights of shareholders and partners in the company are determined in accordance with local laws.
  5. Submitting the application: The application to establish the company is submitted to the Department of Economic Development in Dubai and the required documents are submitted.
  6. Obtaining the necessary licenses: After approval of the application, the necessary licenses must be obtained to start work.
  7. Company incorporation: After completing all legal and administrative procedures, the company is officially established and registered.

Saudis must adhere to local laws and regulations in Dubai, which specify procedures and requirements for establishing companies. Saudi companies are considered a catalyst for investment in Dubai, and it provides an ideal business environment for growth and prosperity.

Steps to establish a company in the Dubai Free Zone

Establishing a company in a free zone in Dubai is a popular option for many investors and businessmen. Dubai\’s free zones are characterized by advanced infrastructure, excellent tax facilities, simple procedures and flexibility. If you are planning to establish a company in a free zone in Dubai, you must follow specific steps to achieve this goal.

  1. Research and study: Conduct the research and analysis required to determine the appropriate free zone in Dubai for your business. There are several free zones in Dubai, such as Jebel Ali Free Zone, Dubai Investment Free Zone, Dubai Aviation Free Zone, and others. Check out the business opportunities and benefits each region offers.
  2. Contact the free zone: Contact the authority responsible for the free zone in which you wish to establish your company. You can obtain information about the required requirements, procedures and licenses by communicating directly with them via phone or email.
  3. Choose the type of company: Decide what type of company you want to establish, such as a limited liability company (LLC), sole proprietorship, or joint stock company. Look at the requirements for each type of company and check the legal and financial impacts of each type.
  4. Preparing the required documents: Prepare the documents required to establish the company. These documents may include a copy of your passport, a copy of the lease contract for the office or commercial space, registration application form, and any other documents required as per the specific requirements of the free zone.
  5. Submitting the application and paying the fees: Submit the application to establish the company and submit the required documents to the responsible authority in the free zone. There may be registration fees and other fees that you need to pay while submitting the application.
  6. Review and Approval: Your application and submitted documents will be reviewed by the responsible authority. If approved, you will receive a business establishment permit or license.
  7. Company establishment: After obtaining an establishment permit or license, establish the company and complete other legal and administrative procedures, such as opening a bank account, registering employees, and obtaining additional licenses if necessary.

Conditions for establishing a company in Dubai for Gulf citizens

For Gulf nationals who want to establish a company in Dubai, there are some conditions and requirements that must be taken into consideration. Here are some basic conditions:

  1. Gulf Nationality: The founders must be from the Gulf Cooperation Council countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, UAE).
  2. Partnership with an Emirati citizen: Normally, UAE laws require a local partnership in companies owned by non-citizens. Therefore, there must usually be an Emirati partner who owns a certain percentage of the company.
  3. Company License: A license must be obtained from the relevant authorities in Dubai, such as the Dubai Economic Development Department (DED) or the body regulating the specific business activity.
  4. Required Capital: Some types of companies may require specific capital. You must ensure that these requirements are met before establishing the company.
  5. Compliance with laws and regulations: The company must comply with all local laws and regulations in Dubai and the UAE.
  6. Residence and Work Visa: Gulf founders must obtain a valid residence and work visa to conduct their business in Dubai.
  7. Providing the necessary documents: The process of establishing the company may require submitting a set of necessary documents, such as passports, permits, contracts, etc.
  8. Opening a bank account: The company must open a bank account in an approved local bank in Dubai.

These terms constitute a general framework, and can vary slightly depending on the type of company and current laws and regulations. It is recommended to obtain advice from Itqan Company experts to ensure full compliance with all local requirements and conditions.

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How to establish a company in Dubai for Gulf citizens

Documents required to establish a company in Dubai for Gulf nationals

To establish a company in Dubai for Gulf nationals in cooperation with Itqan Company, you need to submit a set of papers and documents to ensure legal and administrative compliance. Among these documents:

  1. Identity documents: A copy of the passports of all Gulf founders participating in the establishment, in addition to a copy of the national ID card for Gulf citizens.
  2. Company Contract: A copy of the company\’s contract or basic charter, which defines the company\’s structure, objectives, share distribution, and shareholders\’ roles.
  3. Work and residence permits: A copy of valid work and residence permits for Gulf founders wishing to establish the company.
  4. Bank documents: A bank certificate proving the deposit of the capital required to establish the company, in addition to the details of the company’s bank account.
  5. Administrative documents: signatures of the founders and co-founders, and any other signatures required by local authorities.
  6. Commercial activity permits: Documents proving a company’s license to practice the specific commercial activity.
  7. Detailed documents: Local authorities may require additional documentation or detailed information about the company and its activities, as needed.

Ensure that all required documents are submitted completely and correctly in accordance with the requirements of local authorities. It may be necessary to obtain local legal advice to ensure that all conditions and requirements are properly met.

Conditions for opening a commercial register in the Emirates for Gulf citizens

The commercial register is one of the first and most important steps in establishing a company in Dubai, as it is considered the legal document that explains all the company’s data, and it is also mandatory for obtaining the commercial license. The conditions for opening a commercial register in the Emirates for Gulf citizens are summarized as follows:

Registering the company’s trade name through the Development Department:

Registering a company trade name is an essential step to establishing a company in Dubai. A trade name must be chosen that complies with local laws and regulations, as it must not contain any prohibited or offensive words, and must reflect the nature of the company\’s activity. After choosing the name, an application to register it is submitted to the Dubai Department of Economic Development for approval, which is a necessary step to ensure the legality of the name and the company’s exclusive use rights.

Determine the general activity and extract a statement of the company’s subsidiary activities:

The main activity of the company and any other subsidiary activities that the company wishes to engage in must be defined precisely and clearly, as this is a crucial step in the company establishment process. Activities need to be selected in compliance with local laws and regulations to ensure they are compatible with Dubai\’s legal framework. After identifying the activities, an official statement must be extracted from the competent authorities, and the necessary approvals must be obtained from the Department of Economic Development to ensure that these activities can be practiced legally and without obstacles.

The company’s articles of incorporation documented by the court or notary public:

The company’s articles of incorporation must be prepared and notarized by the court or a notary public to ensure the validity and legality of the contract. The contract includes details about the company structure, founding members, distribution of shares, and other relevant provisions. Documenting the contract is a necessary step to confirm legal obligations and ensure compliance with all legal requirements in Dubai.

Obtaining initial approval from the Department of Development:

After submitting all the required documents, you must obtain initial approval from the Department of Economic Development in Dubai to proceed with the rest of the procedures. This approval is a necessary step that confirms the competent authorities’ acceptance of the company’s activity and trade name. Initial approval allows the company to move forward with completing the rest of the incorporation requirements, such as leasing the business premises and obtaining final licenses.

Providing the minimum required capital:

The investor must provide the minimum required capital based on the type of business activity and the nature of the company he wishes to establish. The capital is considered a guarantee for the company and other parties dealing with it, and it can be used to cover the expenses of starting and operating the company in the first stage. Capital requirements vary from one business to another, and can be affected by factors such as the expected size of the business and the potential risks it may face when starting out.

Registering with the Dubai Chamber of Commerce as an active member:

The company must be registered as an active member of the Dubai Chamber of Commerce to benefit from its services and support. The Dubai Chamber of Commerce is the body responsible for regulating commercial activities in Dubai, and provides a wide range of services and initiatives aimed at supporting the success of new and existing companies in the market. By registering as an active member, the company gets the opportunity to network with a wide network of other companies and exchange experiences and knowledge in a stimulating business environment.

How much does it cost to open a commercial register in Dubai for foreigners?

The costs of opening a commercial register in Dubai for foreigners depend greatly on several factors, including the size and type of company to be established, the region chosen to establish the company in, as well as the services and features provided by the free zone or the chosen location. Here is a summary of the basic costs that may be necessary To open a commercial register in Dubai for foreigners:

  1. Business License Costs: The cost of obtaining a business license varies depending on the type of company (such as a sole proprietorship or limited liability company) and the business activity.
  2. Office costs: These may include the costs of renting or purchasing an office for the company, and the costs of decoration and necessary equipment.
  3. Visa and labor costs: If you plan to hire employees, you will need to pay for visas and labor according to local laws.
  4. Registration and government licensing costs: You may need to pay fees to the government to register the company and obtain the necessary licenses.
  5. Legal and accounting consultancy costs: Legal and accounting consultancy can help you understand the legal and accounting procedures and requirements in Dubai.
  6. Advertising and marketing costs: You may need to pay costs to advertise and market your company to the public.
  7. Administrative and other costs: These may include travel costs, accommodation, and other administrative requirements.

Can a foreigner open a commercial register in the Emirates?

Yes, foreigners are allowed to open a commercial register in the UAE. Foreigners can do this by establishing a company in one of the free zones in the Emirates or on the mainland, in accordance with the laws and regulations in force in each emirate. Requirements for establishing companies, ownership ratios, and procedures differ between the emirates and between different types of companies, so it is usually preferable to consult the legal advisors of Itqan Specialized Company before starting this process.

Tips for establishing a successful company in Dubai

Establishing a company in Dubai is considered a strategic investment step due to the advanced infrastructure and encouraging economic environment. Dubai is a major gateway for trade in the Middle East, attracting international companies thanks to its encouraging policies and stable economic environment. Here are some tips that can help you establish a successful company in Dubai:

  • Research and Planning: Conduct careful research and comprehensive study about the business market in Dubai. Examine opportunities and potential challenges, and calculate expected start-up and operating costs. Create a detailed business plan that defines your goals, strategies, and operational steps.
  • Choosing the appropriate business activity: Determine the type of business activity you wish to practice and ensure that it complies with the laws and regulations of the emirate. Make sure that there is demand and sustainability for the services or products that your company will offer.
  • Choosing the right location: Determine the free zone in Dubai that suits your business. There are many free zones available in Dubai, each with different benefits and needs. Choose a location that provides the right facilities and infrastructure for your business.
  • Employing local consultants: It is beneficial to cooperate with local consultants with experience in company establishment procedures in Dubai, which is what the Itqan Company team provides you with. They will help you understand legal and procedural requirements and provide advice on local business and marketing strategies.
  • Licenses and Registration: Ensure compliance with all legal and legislative requirements to obtain the necessary licenses. Register the company with the relevant authorities and authorities, such as the Department of Economic Development in Dubai, and other relevant government agencies.
  • Build a strong network: Expand your business network in Dubai by participating in business events, conferences and professional events. Cooperate with government agencies, local companies, suppliers and potential customers.
  • Exploiting technology: Use technology effectively to improve your business operations, enhance customer communication, and provide efficiency and competitiveness. Explore innovative technology solutions that can support your company\’s growth.

Advantages of establishing a company in Dubai for Gulf citizens

Establishing a company in Dubai for Gulf Arabs comes with many features and benefits that make it an attractive option for Gulf investors. Among these features:

  • Thriving business environment: Dubai provides a dynamic and prosperous business environment with great potential for growth and expansion in various economic sectors.
  • Strategic location: Dubai is located at the intersection of continents in a global strategic location, facilitating access to global markets and providing wide-ranging business opportunities.
  • Advanced infrastructure: Dubai has advanced infrastructure, including Jebel Ali Port and Dubai International Airport, which facilitates shipping and distribution operations and enhances international trade.
  • Flexible economic laws: Dubai has flexible and regulated economic laws that encourage foreign investment and provide a favorable legislative environment for business.
  • Government Facilities: The UAE government provides a set of facilities and programs that support entrepreneurship and establishing companies, which facilitates the establishment and operation process.
  • Cultural and Linguistic Diversity: Dubai\’s cultural and linguistic diversity attracts a global, multinational community, making it easier to communicate and deal with business partners from different cultures.
  • Modern work facilities: Dubai has a variety of modern facilities, ready-made offices and commercial spaces suitable for the needs of different companies.
  • Political and security stability: Dubai enjoys political and security stability, ensuring a safe and reliable environment for investment and business operation.

These are some of the advantages that make establishing a company in Dubai an attractive option for Gulf nationals, knowing that there are many additional benefits that can come with investing in this vibrant economic emirate.

In conclusion, Dubai represents a leading business destination in the Gulf, providing a fruitful investment environment and broad opportunities for Gulf companies to establish and grow their businesses. The Dubai market is characterized by political and economic stability, advanced infrastructure, and flexible commercial laws that support business and protect the rights of investors.

When Gulf businessmen decide to establish a company in Dubai, they find a wide variety of options that suit their needs, whether in diverse business sectors such as technology, real estate, health, or others. Thanks to simple and transparent procedures, Gulf nationals can easily complete the company incorporation process, while maintaining their business independence and enjoying the distinctive tax benefits that Dubai offers.

Moreover, Gulf businessmen in Dubai enjoy a dynamic and stimulating work environment, where they can build strong networks and collaborate with international companies. As a global financial and trade centre, Dubai fosters innovation and leadership, making it an ideal destination for Gulf businessmen to invest and achieve success in their businesses internationally.

Frequently asked questions about establishing a company in Dubai

What advantages does establishing a company in Dubai offer to Gulf nationals?

Advantages include a thriving business environment, strategic location, advanced infrastructure, flexible economic laws, government facilities, cultural and linguistic diversity, and political and security stability.

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

Documents include identity documents, company contracts, work and residence permits, bank documents, and administrative documents such as business activity permits.

Can Gulf investors benefit from government facilities in Dubai?

Yes, the UAE government provides facilities to local investors, including reductions in fees and taxes, and support programs for entrepreneurship.

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

The steps include choosing the type of company, determining the business activity, choosing a name, obtaining a company license, registering the company, obtaining a residence and work visa, opening a bank account, complying with tax legislation, and employee visas.