Steps and tips for establishing a company in Dubai for Saudis

Establishing a company in Dubai is considered a smart strategic move for Saudis looking to expand their business and enter a promising new market. Dubai, with its advanced infrastructure and stimulating business environment, offers vast opportunities for foreign investors, including Saudis. With laws encouraging foreign investment, easy procedures, and free zones that offer tax benefits and full ownership to foreigners, learn in this article about steps and tips for establishing a company in Dubai for Saudis.

Starting a company in Dubai requires a deep understanding of the legal procedures and administrative requirements. Investors must determine the appropriate type of company for their business activity, prepare the required documents, and choose the optimal location for the company. They must also open a bank account to facilitate financial operations, and obtain the necessary licenses to practice commercial activities. These steps require precision and care to avoid any complications that may hinder the process of establishing a company in Dubai .

Here comes the role of Itqan Company to provide the necessary support to Saudi investors in Dubai. Itqan Company, with its extensive experience and deep knowledge of the UAE market, provides a comprehensive range of services that facilitate the process of establishing companies. From providing legal advice, to assisting investors in preparing the necessary documents and submitting them to the relevant authorities, and then following up on all procedures until obtaining the final licenses, Itqan plays a vital role in simplifying the process and ensuring compliance with local laws and regulations.

Furthermore, Itqan provides additional services such as assistance in choosing the ideal location for the company, opening bank accounts, and providing accounting and financial management solutions, which helps investors focus on growing their business without being preoccupied with administrative details. Establishing a company in Dubai for Saudis becomes an easy and successful experience with the professional support of Itqan Company, which ensures that every step is carried out accurately and effectively.

Steps and tips for establishing a company in Dubai for Saudis

Establishing a company in Dubai for Saudis can be a successful strategic move, given the dynamic business environment and competitive advantages that Dubai offers. Here are the basic steps and tips for establishing a company in Dubai :

Steps to establish a company in Dubai

1. Market Study: Conduct comprehensive research to understand your target market, current needs, and business opportunities available in Dubai.
2. Choose the type of company: Select the type of company you wish to establish, such as a free zone company, a limited liability company (LLC), or a branch of an existing company.
3. Determine the business activity: Determine the business activity that the company will undertake. You must choose an activity that complies with local laws and regulations.
4. Location selection: Choose a suitable location for the company, whether in one of the free zones or within the city. Each region has different requirements and perks.
5. Preparing the required documents: Collecting the necessary documents such as passports, articles of incorporation, and the company’s articles of association, and filling out the required forms.
6. Submitting applications and obtaining approvals: Submit the company establishment application to the relevant authorities such as the Department of Economic Development (DED) or the selected free zone authority.

Tips for establishing a successful company in Dubai

1.  Using consultants: Use a consulting company such as “Itqan” to assist in all legal and administrative steps. Advisors can save time and effort and ensure full compliance with laws.
2. Understand local labor laws: Make sure you have a good understanding of local labor laws, including employee rights and your obligations as an employer.
3. Accurate financial planning: Develop a detailed financial plan that includes upfront and operating costs, and revenue and profit projections.
4. Benefiting from free zones: Consider establishing the company in one of the free zones to take advantage of the tax advantages and full ownership of foreigners.
5. Build a strong network: Build a strong network of relationships with local partners, customers and suppliers to boost your business growth.
6. Regular Compliance Monitoring: Make sure to monitor periodic compliance with all legal and business requirements to avoid any future complications.

By applying these steps and tips, Saudis can invest in Dubai and benefit from the promising business opportunities in this dynamic market.

Establishing a company in Dubai for Saudis

Types of companies that can be established in Dubai as a Saudi

This table provides a comprehensive overview of the types of companies that can be established in Dubai for Saudis, with a brief explanation of each type to help you choose the appropriate structure for your business.

Saudis own 100% of their companies in Dubai

Establishing a company in Dubai as a Saudi and owning it 100% has become easier with the recent legal amendments that allow full foreign ownership in many activities and sectors. Below are the steps and tips for establishing a company in Dubai with 100% ownership:

1. Determine the type of company: Free Zone Company: Free zones allow you to own 100% of the company, and provide benefits such as tax exemptions and international trade facilities.
   Limited Liability Company (LLC): After legal amendments, foreigners can own 100% of LLCs in certain sectors.
   Professional Company: You can own 100% of professional companies that provide services such as consulting, engineering, and medical services.
2. Choosing a Business: Select the business activity the company will undertake. Ensure that the activity is permitted in Dubai and that it falls within sectors that allow full foreign ownership.
3. Location selection: Choose the most appropriate location for your company based on the nature of your business. Free zones offer many attractive options for international business.
4. Preparing the required documents: passports and national IDs for all partners.
   The company’s articles of incorporation and articles of association.
   Establishment application form.
   Proof of company address (lease contract or ownership document).
5. Submitting applications and obtaining approvals: Submit the company incorporation application to the relevant authorities such as the selected free zone authority or the Department of Economic Development (DED) in Dubai.
   Obtain the necessary approvals and licenses.

By partnering with Itqan, you can establish and own 100% of a company in Dubai smoothly and efficiently, allowing you to focus on growing your business and achieving success in Dubai’s dynamic environment.

Establishing a company in Dubai as a Saudi

Free zone to establish your company in Dubai

When you think about establishing a company in a free zone as a Saudi, you can consider several free zones suitable for your economic activity. Here are some options you can consider:

1. Jebel Ali Free Zone: Located in the north of Dubai, it provides advanced infrastructure and dedicated facilities for industrial and logistics companies. This region includes many major companies and is characterized by flexibility in commercial laws.
2. Dubai Technology and Media Free Zone (Dubai Media City): Focused on startups, technology and media. Provides a supportive environment for innovation and rapid growth.
3. Dubai Economic Free Zone (Dubai Economic Zone): It is considered a multi-use zone targeting a wide range of sectors such as industry, services and trade.
4. Dubai Aviation Free Zone: If your company deals with the aviation sector or related services, this zone may be a good option.
5. Dubai Maritime Industries Free Zone (Dubai Maritime City): If your company specializes in the marine and maritime industries, this zone can provide you with a suitable environment.

Make sure to carefully study each free zone’s requirements, including local laws, business facilities, taxes and overhead costs, to determine which one best suits your business.

Financial guarantees for establishing a company in Dubai for Saudis

Itqan Company is distinguished by a specialized team of experts and professionals in various fields with extensive experience, which enables it to provide innovative solutions tailored to the needs of its customers. We care about achieving customer satisfaction and building long-term relationships based on trust and sustainable cooperation.

1. Necessary Capital: A company must have sufficient capital to support its planned business activity. The required capital varies depending on the type of company, its activity, and the requirements of regulatory authorities in Dubai.
2. Bank Account: A local bank account must be opened in Dubai in the name of the company, and some banks may require a deposit or minimum balance to activate the account.
3. Bank guarantees: Some official authorities in Dubai (such as the General Authority for Business Regulation – DED) may require the submission of a bank guarantee as part of the commercial licensing procedures. This guarantee can be refunded after fulfilling all required obligations.
4. Financial guarantees for work visas: If the company plans to employ workers, the relevant authorities may require financial guarantees that support work visas for employees.

Thanks to our dedication to providing the best services and products, Itqan Company plays a vital role in supporting the growth and prosperity of our customers and contributing to achieving their economic and development goals.

Commercial license in Dubai

Obtaining a commercial license in Dubai After determining the company’s activity and type, you must obtain a commercial license from the relevant authorities in Dubai. You can apply for a license through the General Authority for Business Regulation (DED).

1. Establishing the company: After obtaining the commercial license, you can begin the process of establishing the company by opening a bank account, securing a location for the company’s headquarters, and completing all necessary legal and financial procedures.
2. Registration for taxes and health insurance: Once the company is established, you must register with the Tax and Health Insurance Authority in Dubai, as the requirements vary depending on the company’s activity and size.
3. Compliance with financial and tax laws: You must comply with all financial and tax laws in Dubai and prepare the necessary financial reports regularly.
4. Obtaining an operating license: After completing all previous procedures, you can obtain an operating license that allows you to officially start the business.

Our service for Saudis to establish their companies

Itqan Company offers a comprehensive range of services to facilitate the establishment of companies in Dubai for Saudis. These services include all stages from concept to operation, ensuring that the company is established efficiently and in full compliance with local laws and regulations. Here are some of the main services provided by Itqan Company:

1. Legal and business consulting:
   providing advice on the type of company best suited to your business.
   Interpreting local laws and regulations related to establishing companies.
   Assist in preparing contracts and company articles of association.
2. Preparing documents:
   Preparing all documents necessary to establish the company, such as articles of incorporation, articles of association, and license applications.
   Translate documents if necessary.
3. Registration and obtaining licenses:
   Submitting registration applications and obtaining the necessary licenses from government agencies.
   Follow up on applications until the final license is issued.
4. Site selection and space saving:
   Help in choosing the ideal location for the company, whether within the city or in one of the free zones.
   Providing various options for offices and commercial spaces.
5. Opening bank accounts:
   Assistance in opening bank accounts for the company in local and international banks.
   Providing advice on the best available banking options.
6. Obtaining visas and work permits:
   Submitting applications for visas and work permits for employees and managers.
   Follow up on procedures with the competent authorities to ensure speedy issuance.

By providing these services, Itqan ensures that setting up a company in Dubai is a smooth and successful experience for Saudis, allowing them to focus on growing their business and achieving their business goals without worrying about administrative and legal details.

Your company as a Saudi in Dubai

In conclusion, establishing a company in Dubai is an important strategic step for Saudis seeking to expand their business in one of the most dynamic business environments in the world. With a stimulating investment environment, advanced infrastructure, and laws encouraging foreign investment, Dubai provides ample opportunities for growth and prosperity. However, establishing a successful company requires a deep understanding of legal and administrative procedures, choosing the appropriate company structure, providing the necessary documents, opening a bank account, as well as adhering to all legal and tax requirements.

Here the importance of hiring a professional consulting company such as Itqan Company is highlighted. Thanks to its extensive experience and deep knowledge of the UAE market, Itqan provides comprehensive support to Saudis in all stages of company establishment. From providing legal and commercial consultations, to preparing documents and submitting applications, through choosing a location and opening bank accounts, Itqan ensures that all procedures are completed accurately and smoothly.

Furthermore, Itqan provides additional services that include obtaining visas and work permits, accounting and financial services, administrative support, and ongoing guidance. This integrated support not only helps facilitate the incorporation process, but also ensures business continuity and company compliance with all local regulations, allowing business owners to focus on achieving their business goals and growing their business.

In short, establishing a company in Dubai for Saudis becomes an easy and fruitful experience with the professional support of Itqan Company . By providing integrated and comprehensive services, Etqan ensures the successful establishment of the company and provides a sustainable work environment that enables companies to achieve their maximum potential in the promising Dubai market.

Frequently asked questions about establishing a company in Dubai for Saudis