Dubai is considered one of the most prominent investment destinations in the world, as it provides the advantages of establishing a company in Dubai for Gulf citizens and an ideal environment for establishing companies and attracting investments from all over the world. For Gulf Arabs, Dubai represents an attractive option due to the great facilities provided by the UAE government to support entrepreneurs and investors. Establishing a company in Dubai gives Gulf nationals many benefits, starting from the strategic location that connects the markets of Asia, Europe and Africa, to the advanced infrastructure that facilitates business operations, transportation and logistics.

Furthermore, Dubai offers a stable and diversified economic climate, with encouraging economic policies that include tax exemptions and facilitation of incorporation procedures. Companies in Dubai also have great opportunities to reach a wide network of potential partners and customers from around the world, which contributes to business expansion and sustainable growth.

Establishing a company in Dubai requires careful consideration of financial and regulatory factors, including establishment and operating costs. These costs include registration fees, costs of obtaining the necessary licenses, in addition to expenses related to renting offices and hiring human resources. It is important for Gulf Arabs wishing to invest in Dubai to seek specialized advisory services such as Itqan Company, which has extensive experience in providing support and advice to investors to ensure the success of their projects.

In short, establishing a company in Dubai provides promising investment opportunities for Gulf Arabs, but this project must be approached with caution and careful planning to ensure that you make the most of the unique investment environment that Dubai offers. Itqan Company is committed to helping investors overcome challenges and provide innovative solutions that contribute to successfully achieving their investment goals.

Advantages of establishing a company in Dubai for Gulf citizens

Establishing a company in Dubai is an important strategic step for Gulf investors seeking to benefit from the dynamic business environment and the many advantages that the emirate offers. Dubai, thanks to its strategic geographical location linking East and West, provides tremendous business opportunities and attracts entrepreneurs from all over the world. Besides this, Dubai is characterized by advanced infrastructure, encouraging government policies, and a wide range of banking and financial services that facilitate business and support economic growth. Establishing a company in Dubai gives Gulf investors a strong platform to move towards success and achieve business goals efficiently and effectively.

1. Strategic location

Dubai\\\’s geographical location is one of its most important features as a global commercial centre. Dubai is located in the heart of the Middle East, making it a natural gateway for trade between East and West. In addition, Dubai is located on the eastern coast of the Arabian Peninsula, making it an important waterfront for maritime trade.

2. Favorable economic environment

Dubai is one of the world\\\’s premier business destinations, providing a favorable economic environment for companies and entrepreneurs. Dubai is known for its open and flexible economic policies, making it an attractive destination for investors from all over the world. The business environment in Dubai is characterized by several aspects that encourage business growth and stimulate innovation

3. Ease of establishing a business

In Dubai, companies and businessmen enjoy a range of facilities that make the process of establishing a business easy and convenient. The UAE government provides a flexible legislative and regulatory environment that supports the establishment and management of companies, making it easier for entrepreneurs to achieve their dreams and business goals.

4. Free zones

Dubai contains several free zones that provide special benefits such as full foreign ownership of the company, no restrictions on transferring funds, and tax exemptions for long periods. These areas are ideal for companies that want to export and re-export.

5. Advanced infrastructure

Dubai has world-class infrastructure that includes modern airports, advanced ports, extensive road networks, and advanced logistics facilities. This infrastructure supports commercial activities and provides ease of transportation and shipping.

6. International work environment

Dubai\\\’s international work environment is characterized by its cultural diversity and multilingualism, which facilitates communication and understanding between companies and individuals from different cultural backgrounds. Dubai is a gateway to global business, attracting international companies and investors from around the world, making it an ideal environment for international trade and innovation.

7. Advanced banking and financial services

Dubai provides advanced banking and financial services that meet the needs of companies and individuals, both locally and internationally. There are a variety of leading financial institutions in Dubai that provide advanced services, including major international banks, investment companies, Islamic financial institutions, and others. These institutions provide a comprehensive range of services including bank accounts, Islamic finance, investments, wealth management and advanced electronic banking services.

8. Strong legal system

Dubai\\\’s legal system is based on international laws and provides strong protection for investors\\\’ rights. The presence of business courts ensures that disputes are resolved quickly and effectively.

9. Facilitated immigration policies

Dubai adopts soft immigration policies aimed at attracting global talent and encouraging investment, which facilitates the stay of foreign investors and employees in the emirate. These policies are an essential part of Dubai\\\’s vision to promote economic development and enhance its position as a global business hub.

10. Government incentives

The UAE government in Dubai offers important incentives to support companies and investors. These incentives include tax exemptions, facilitation in administrative processes, financial support, and the provision of advanced infrastructure, with the aim of enhancing the business environment and attracting more global investments and talents.

Conditions for establishing a company in Dubai for Gulf citizens

Conditions for establishing a company in Dubai for Gulf citizens

Establishing a company in Dubai requires observing a set of legal conditions and procedures that ensure compliance with local regulations and provide a legal and stable work environment. For Gulf nationals, the conditions for establishing a company in Dubai include several main aspects, including the legal type of company, legal procedures, and financial and administrative requirements. Below is a breakdown of these terms:

1. Choose the type of company

Before starting the incorporation procedures, you must determine the appropriate type of company for the intended business activity. Common types include:

• Limited Liability Company (LLC)
• Sole proprietorship
• Civil company
• Free company (in free zones)
• Branch of a foreign company
• Representative office

2. Choose a trade name

A trade name for the company must be chosen that complies with local laws and reflects the nature of the business. The name must be unique and not used by another company, and names that violate local customs and traditions must be avoided.

3. Licenses and approvals

Obtaining the necessary licenses is a crucial step. These licenses include:

Commercial license: issued by the Dubai Economic Development Department (DED) or the relevant authorities in the free zones.
Special approvals: Some businesses need special approvals from certain regulatory bodies.

4. Capital

Determining the required capital depends on the type of company and business activity. Some types of companies, such as limited liability companies, may require a minimum amount of capital that must be deposited in a local bank account.

5. Local partners

In the case of companies outside the free zones, there must be a local partner (UAE citizen) who owns 51% of the shares in the limited liability company. In free zones, Gulf nationals can fully own the company without the need for a local partner.

6. Documentation

Submitting the required documents includes:

• Copies of passports of partners and managers
• Company incorporation contract
• Office lease contract
• workplan
• Partner signature forms

7. Open a bank account

Opening a bank account in Dubai is a very simple and convenient procedure. The banking system in Dubai provides a wide range of banking services for individuals and companies, and is characterized by efficiency and flexibility. To open a bank account in Dubai, a person or company must provide some basic documents such as a passport or ID card, proof of address, and the required financial information.

8. Registration with the Federal Authority for Identity and Citizenship

Registration with the Federal Authority for Identity and Citizenship in Dubai is an essential procedure for individuals and companies wishing to reside and work in the emirate. The Authority provides identification and verification services for citizens and residents, and provides identity and security cards that enable individuals to benefit from government and commercial services efficiently and easily.

9. Visas and residence

Visas and residency are an essential part of the procedures that individuals and companies must go through to live and work in Dubai. Dubai provides an advanced visa and residency system that facilitates access to services and ensures compliance with local laws and legislation. Individuals wishing to reside in Dubai can obtain different residence visas depending on their purposes, such as tourist visit visas, work visas, investment visas, and permanent residency.

10. Compliance with local laws

Compliance with local laws and regulations includes:

• work rules
• Tax laws
• Environmental and safety laws
• Periodic financial reporting requirements

Costs of establishing a company in Dubai for Gulf nationals

Establishing a company in Dubai is considered an attractive option for Gulf investors due to the dynamic economic environment and advanced infrastructure. However, investors need to consider a range of costs associated with setting up a company, which vary based on the type of company, location and business activities. Below is an analysis of the costs of establishing a company in Dubai for Gulf nationals :

1. Licenses and registration costs

• Commercial license: The costs of obtaining a commercial license vary based on the type of business activity and location (such as free zones or within the city). These costs can range from several thousand to tens of thousands of dirhams annually.
• Registration fees: Includes registration fees with the Department of Economic Development (DED) or the relevant authorities in the free zones. These fees may include trade name registration fees and trade license issuance fees.

2. Rent and office costs

• Office Rent: The cost of office rent depends on the location and size of the office. Offices in prime business districts such as the Dubai International Financial Center (DIFC) or Business Bay are usually more expensive than other locations.
• Setup and processing costs: Office furnishing costs include technology equipment and basic facilities such as the Internet and electricity.

3. Visa and residency costs

• Work visas: Includes the costs of issuing and renewing work visas for employees. These costs include government fees and mandatory health insurance fees.
• Residences: Residence costs include fees for issuing and renewing residency for employees and their family members.

4. Costs of legal and accounting services

• Legal Consultation: Businesses need to consult lawyers to ensure compliance with local laws. These costs include preparing contracts and legal agreements.
• Accounting services: include the costs of preparing accounts, financial reports, and taxes. These costs depend on the size and complexity of the company\\\’s business operations.

5. Marketing and branding costs

• Brand creation: Costs of designing and registering the trademark.
• Marketing and advertising: Digital and traditional advertising costs, including website design and online marketing campaigns.

6. Administrative and operational costs

• Salaries: Employee payroll costs include base salaries, bonuses, and fringe benefits.
• Utilities and Services: Electricity, water, Internet, maintenance, and security costs.

7. Compliance and regulatory costs

• Annual license renewal fees: Includes renewal of the commercial license and other licenses required for commercial activity.
• Compliance with labor laws: Costs of compliance with local labor and worker protection laws, including social insurance fees.

8. Miscellaneous other costs

• Training and Development: Costs of training and development programs for employees.
• Insurance: The costs of insuring the company and employees against accidents and potential risks.

Our company\\\’s role in establishing a company in Dubai for Gulf citizens

Establishing a company in Dubai represents an exciting challenge for Gulf investors, and in this context, the partnership with Itqan Company enhances the chances of success and stability in this complex process. Dubai is characterized by a dynamic business environment and advanced infrastructure, which provides an ideal platform for Gulf investments. Thanks to Itqan\\\’s guidance and support, Gulf investors can overcome local challenges and requirements with confidence and efficiency.

This partnership provides specialized legal and business advice that ensures compliance with local laws and regulations, and provides advice appropriate to the type of company and its proposed activities. Itqan also provides comprehensive support for procedures for obtaining licenses and permits, which reduces the administrative burden on investors.

In addition, the company is working to provide financial and financial support to secure the capital necessary to establish and operate the company in the first period. As investors benefit from the network of relationships and professional guidance available through Itqan, they can build successful strategies and successfully achieve their business goals.

In short, the partnership with Itqan Company is a unique opportunity for Gulf investors to achieve success in establishing their companies in Dubai, and to build a prosperous future in one of the most dynamic and prosperous cities in the world.

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