Ways to establish a company in Dubai for Saudis. If you are thinking about establishing a company in Dubai as a Saudi, Dubai is considered one of the best destinations for business in the region, thanks to its thriving economic environment and the facilities it provides to businessmen of different nationalities. Dubai is one of the leading destinations for Saudi businessmen looking for distinctive investment opportunities and a stimulating business environment.
The Dubai Investment Law provides various opportunities for company establishment and business development, as Saudis can establish their companies in Dubai in different ways such as local companies, sole proprietorships, partnerships, public or private joint stock companies. Dubai also offers a variety of exciting economic sectors for investment, allowing Saudis to choose the sector that suits their experiences and interests.
In addition, Dubai offers a favorable legislative and tax environment for companies, with facilitation of procedures and licenses that make the process of establishing companies easier and smoother. The government also guarantees full support to Saudi investors and provides them with the legal protection and assistance necessary to develop their businesses in the country.
Hence, it can be said that establishing a company in Dubai for Saudis is a strategic and successful step, allowing them to access distinct investment opportunities and an ideal business environment to achieve success and distinction.
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Establishing a company in Dubai for Saudis can be done through several methods, which we have explained to you at several points. Below are the most common methods followed by Itqan Company in carrying out this task:
Establishing a company in the Mainland:
- Determine the type of company: such as a joint-stock company or a sole proprietorship.
- Choose the company name and ensure it complies with Dubai laws.
- Defining responsibilities and rights of shareholders.
- Identify the local office and provide the required documents.
- Obtaining work permits and visas for Saudi workers.
Establishing a company in a free zone:
- Choose a free zone such as Jebel Ali, Dubai South, or Dubai Investment City.
- Submit the application via the website of the selected free zone.
- Pay the registration fees and submit the required documents such as a passport and a personal photo.
- Obtaining work permits and visas for Saudi workers.
These methods are the basic steps for establishing a company in Dubai for Saudis, and the details and requirements may vary depending on the type of company and the region in which you wish to establish the company.
Steps to establish a company in Dubai for Saudis
If you are a Saudi resident in Dubai, you must follow several steps to establish a company in Dubai for Saudis , which you must follow to know how to establish a successful and distinguished company in Dubai.
The following procedures and steps must be followed:
- Research and Planning: Conduct the necessary research to understand the market in Dubai and determine the type of company you want to establish and the sector you are targeting.
- Company establishment: You must have an Emirati partner (UAE citizen) with 51% ownership in the company and Saudis own the remaining percentage. You can search for
- A reliable Emirati partner through companies specialized in providing this service.
- Company Name: Choose a name for your company and make sure it is available and not similar to any other company located in Dubai.
- Company license: You may need a license from the relevant government authorities in Dubai. You can contact the Dubai Economic Development Authority or the relevant authorities to obtain more information about the requirements and procedures.
- Virtual Office: You must have an address in Dubai to establish the company. You can use virtual office services that provide a business address and administrative services.
- Bank Account: Open a bank account in a bank in Dubai to conduct company operations. You may need to provide some documents and documents to open the account.
- Legal Compliance: Ensure compliance with all laws and regulations related to establishing and operating companies in Dubai. You may consult an attorney or legal expert to ensure full compliance.
- Residency Visa: If you intend to live in Dubai and run your own company, you may need to obtain a residence visa. You can inquire at the UAE Embassy or Consulate General to obtain updated information about visa procedures.
These are some of the basic steps to establish a company in Dubai for Saudis. However, it is recommended to contact Itqan’s experts in the field of business in Dubai to obtain customized and detailed advice that suits your circumstances and the requirements of the company you wish to establish. Specific requirements and procedures may vary depending on the type of company and sector you belong to.
Cost factors for establishing a company in Dubai for Saudis
The costs of establishing a company in Dubai for Saudis include several factors and expenses that you can find out from Itqan Company by communicating with its work team. Here are some of the main factors that must be taken into consideration:
- License fees: Includes the costs of licensing the company from government agencies in Dubai. These fees may vary according to the type of company and its activity, and include company registration fees, activity licensing, and other administrative fees.
- Capital: The capital required to establish the company must be provided in accordance with legal requirements. Capital requirements may vary based on the type of company and the sector it belongs to.
- Office and address costs: These include the costs of renting the office or using virtual office services in Dubai. You must have a valid business address in Dubai to establish the company.
- Additional Permits and Licenses: You may need to obtain additional permits or licenses such as a business permit and building permits if you plan to invest in real estate or conduct specific activities.
- Legal advice and advocacy: You may need to hire a lawyer specialized in legal and business affairs in Dubai to assist you with the procedures for establishing the company and ensuring legal compliance.
- Bank Account: Opening a bank account in a bank in Dubai may require additional fees, and these fees may vary between different banks.
- Residence and Visa: If you intend to live in Dubai and run your own company, you may need a residence visa, and this may require paying an additional fee.
Please note that specific prices and costs are constantly changing, and vary based on many factors such as company type, activity, location and current legal requirements. It is recommended to contact Itqan Company consultants in Dubai to obtain customized and detailed advice on the specific costs of establishing a company in Dubai for Saudis.
Conditions for establishing a company in Dubai for Saudis
To establish a company in Dubai for Saudis, there are some basic conditions that must be adhered to:
- Emirati partner: An Emirati partner (UAE citizen) must be present in the company with a percentage of no less than 51% of the capital. In other words, the Emirati partner must own the largest percentage of the company.
- Company type: You must specify the type of company you wish to establish. You can choose between different models such as limited liability company (LLC), public company, or joint stock company, depending on your needs and goals.
- Company Name: You must choose a unique name for the company and ensure that it is not similar to any other company located in Dubai. You can check the availability of the name through the relevant authorities in Dubai.
- Capital: The capital required to establish the company must be determined and provided. Capital requirements may vary depending on the type of company you wish to establish and the sector it belongs to.
- Licenses and Permits: You may need to obtain additional licenses and permits depending on the type of company and the activity you plan to undertake. These licenses may include business licensing, building licenses and industry permits, and all relevant legal requirements must be complied with.
- Bank Account: A bank account must be opened in a local bank in Dubai for the company. There may be specific requirements for opening an account, and these requirements can vary from one bank to another.
- Business Office: You may be required to rent an office for your company in Dubai. You can use a physical office or take advantage of virtual office services that provide a business address and administrative services.
Advantages of establishing a company in Dubai for Saudis
Establishing a company in Dubai for Saudis provides many advantages and benefits that make it an ideal destination for business. Here are some key features:
- Advanced investment environment: Dubai provides an advanced investment environment with modern and advanced infrastructure, which facilitates doing business efficiently.
- Legal and tax facilities: There are great legal and tax facilities in Dubai, such as the absence of corporate income tax and benefiting from international tax protection agreements.
- Large consumer market: Dubai is considered a major commercial and tourism center, which means there is a large and diverse consumer market.
- Multinational presence: The presence of a large number of nationalities in Dubai means a diversity of cultures and potential clients.
- Providing advanced financial services: There are many banks and financial institutions in Dubai that provide advanced services to companies.
- Easy access to regional markets: There are excellent air, land and sea links linking Dubai to most regional markets.
- Suitable work environment: Dubai provides a suitable work environment with modern labor laws that protect the rights of workers and customers.
- Political and security stability: Dubai has a stability and security policy that increases its attractiveness as a business center.
- Availability of qualified human cadres: There are many qualified and multilingual human cadres available in Dubai.
In short, setting up a company in Dubai for Saudis provides access to a developed global market while providing the necessary facilities for a successful business.
Types of companies in Dubai that can be established
Type of Company | Percentage of ownership by foreigners | the explanation |
---|---|---|
Sole proprietorship | 100% | It allows foreigners to own 100% of the company, and is suitable for individuals who want to run their business individually without partners. |
Private joint stock company | 49% | Foreigners can own up to 49% of the company, with a national partner owning the remaining percentage. This company is a good choice for partnerships between foreigners and citizens. |
Public joint stock company | 30% | It allows foreigners to own up to 30% of the company, and the citizen partner must own the remaining percentage. This company is suitable for business of a general nature. |
Company in Hurra complex | 100% | Foreigners can own 100% of the company when it is established in a free zone, such as Jebel Ali Free Zones and Dubailand. These areas provide a flexible investment environment for international companies. |
A company in a free zone | It depends on the laws of the free zone | The percentage of ownership by foreigners in free zones varies according to the laws and regulations regulated by each region. These laws can be viewed for accurate information. |
Steps to open a commercial register in Dubai for Saudis
Choose a business:
Before opening a commercial register in Dubai, you must determine the type of business activity you wish to practice. You can use local consulting services to determine the appropriate activity and understand local laws.
Obtaining an establishment permit:
Obtaining a permit to establish a company is an essential step, as you must submit an application to the competent government authorities in Dubai. Procedures and requirements vary depending on the type of company and business, so it is important to familiarize yourself with local laws and regulations to ensure legal compliance and safe operation.
Company registration and commercial registry:
After obtaining the establishment permit, the company and its commercial registry must be registered with the relevant authorities in Dubai. This includes steps such as submitting the required documents and paying the necessary fees.
Obtaining a work license:
The company must obtain a valid business license in Dubai, which varies depending on the type of activity and company. This license can be obtained from the competent government authorities.
Providing official office:
Providing an official office in Dubai is necessary for some business activities. This business involves renting or purchasing an office, securing it and equipping it in accordance with the requirements and regulations of local authorities. Providing an official office that enhances integration into the local market and contributes to enhancing trust between customers and business partners.
Registration for taxes and social insurance:
Registration with tax and social insurance in Dubai is essential to ensure legal compliance and avoid potential problems. This registration helps companies determine tax obligations and pay them on a regular basis, in addition to providing protection for company workers through social insurance that includes health care and accident insurance.
Compliance with laws and regulations:
Compliance with the laws and regulations in Dubai is essential to ensure the continuity of business and avoid legal problems. By adhering to local and federal laws, the company ensures proper operation and properly maintains its reputation and business relationships, which helps it grow and prosper in the business environment of Dubai.
How to open a company branch in Dubai
First of all, opening a company branch in Dubai or establishing a new company in the city is an important and exciting investment opportunity. The process of establishing a company begins with studying the market and determining the appropriate business activity, which requires a broad understanding of the UAE’s commercial legislation and laws.
When you decide to establish a company, you follow specific steps that include determining the legal form of the company, determining the responsibilities and rights of the partners, choosing an appropriate and attention-grabbing name for the company, and submitting the necessary documents to the relevant authorities such as the Department of Commerce and Industry in Dubai. Here are the steps to open a company branch in Dubai.
- Choosing the parent company and the branch you want to open: You must select the parent company that wants to open its branch in Dubai and determine the commercial activity that the branch will carry out.
- Submitting an application: An official application to open a branch must be submitted to the relevant government authorities in Dubai, such as the Dubai Department of Economic Development (DED).
- Submitting the required documents: Opening a company branch requires submitting the necessary documents such as a copy of the parent company’s articles of incorporation, a document proving the appointment of a manager for the branch, and a copy of the passports of the officials.
- Obtaining approvals: After submitting the documents, they are reviewed and examined by the relevant authorities, and after approval, the necessary licenses are issued to the branch.
- Registering the branch in the commercial registry: The branch must be registered in the Dubai commercial registry and obtain a commercial registration number for the branch.
- Determine the workplace: The branch’s workplace must be determined, whether it is in an executive office or an administrative office, and the place must have all the necessary legal requirements and infrastructure.
- Compliance with legal legislation: The branch must comply with all legislation and laws related to business in Dubai and the United Arab Emirates.
- Starting to work: After completing all the steps and obtaining the necessary licenses, the branch can start doing its business in Dubai.
Establishing a branch of your company in Dubai requires following specific procedures and adhering to local regulations and legislation. It is best to seek the help of Itqan Company experts to ensure that the procedures are implemented correctly and smoothly.
After completing these steps, the company is granted a business license and can begin operations in the market. If you wish to open a branch of your company that is already located in another country, you must obtain the necessary approvals from the competent authorities and follow the legal procedures specified for this purpose.
The best company establishment offices in Dubai for Saudis
Itqan Company specializes in establishing companies in Dubai, and provides its services to Saudis wishing to establish their companies in the Emirates. The company provides comprehensive consulting services that include incorporation procedures, necessary licenses, assistance in preparing documents, and follow-up with the relevant government agencies. The company also provides financial and legal consultations to ensure that the company is established in accordance with UAE laws and regulations. Itqan Company provides a wide range of services for establishing companies in Dubai for Saudis. Among the services provided by the company:
- Providing comprehensive advice and consultations on the best options for establishing a company in Dubai.
- Preparing and submitting the necessary documents and permits for establishment.
- Implementing the legal and administrative procedures to register the company with the relevant authorities.
- Providing logistical and administrative support for startups.
- Providing tax and accounting consulting services for companies.
- Providing recruitment and training services for employees.
Itqan Company works to provide comprehensive services that ensure the facilitation and success of the process of establishing companies for Saudis in Dubai.
Company in Dubai for Saudis
At the conclusion of our article, we talked about ways to establish a company in Dubai for Saudis. When Saudi entrepreneurs look to the Emirate of Dubai as a destination for establishing companies, they open the door to a world of opportunities and possibilities. The emirate is considered a distinguished business center in the Middle East region, as it provides a developed and encouraging investment environment for foreign and local investors alike.
Establishing a company in Dubai for Saudis requires a deep understanding of business regulations and laws, as well as professionalism in dealing with administrative and financial procedures. An important aspect of this process is choosing the appropriate legal structure for the company, whether it is a limited liability company, partnership, or other legal forms.
The Emirate of Dubai also has a number of free zones that provide distinct advantages to investors, such as political stability, flexible laws, and advanced infrastructure. Therefore, Saudis can take advantage of these opportunities to establish their companies efficiently and successfully.
In addition, Saudi entrepreneurs must pay attention to tax and financial aspects, which vary depending on the type of company and economic activity. To achieve success in this dynamic market, it is necessary to seek the help of local experts specialized in the field of company formation and local laws, to ensure compliance and correct application of laws and regulations.
In short, in addition to establishing a company in Dubai for Saudis, it is considered an exciting and promising opportunity, which requires careful study and advanced planning in order to ensure success and sustainability in the local and global market.
The most frequently asked questions about establishing a company in Dubai
What are the basic steps to establish a company in Dubai?
Determine the type of company and its activity. Choose a name for the company and ensure its availability. Submit an application to obtain a license from the relevant authorities. Opening a bank account for the company. Signing and registering the necessary contracts.
Can I establish a company in Dubai without a local partner?
Yes, foreigners can establish companies in free zones without the need for a local partner.
What are the free zones in Dubai and what are their benefits?
Free zones such as Jebel Ali, Dubai Investments and the Dubai International Financial Center provide tax, customs and administrative facilities for companies.
What licenses do I need for my business in Dubai?
Licenses depend on the company’s activity, and include a commercial license, industrial license, professional services license, and others as needed.
How long does it take to establish a company in Dubai?
The process can take from a few weeks to months, depending on the type of company and the procedures are carefully followed.
What are the expected fees for establishing a company in Dubai?
Fees vary based on the type of company and services required, and include licensing, registration, and legal consultation fees.