If you are considering setting up a company in Dubai as a Saudi national, here are some features you may find interesting. Dubai is one of the most important economic centers in the world, making it an ideal place to invest and establish businesses. Dubai offers a dynamic and evolving business environment, with easy regulatory procedures that facilitate the process of setting up companies and encouraging investments.
One striking aspect of setting up a company in Dubai is its generous tax exemption system, as there is no personal or corporate income tax in most sectors. Dubai also offers a wide range of investment opportunities in areas as diverse as real estate, retail, technology, creative industries, and financial services.
In addition, Dubai offers state-of-the-art infrastructure, with world-class facilities and easy access to regional and global markets. Open government policies and pro-business financing and regulatory assistance are also factors that attract businessmen of different nationalities to Dubai. Ultimately, establishing a company in Dubai for Saudis is a strategic step that provides outstanding opportunities for growth and expansion, and enhances presence in a global market that embraces diversity and innovation in all economic sectors.
Advantages of establishing a company in Dubai for Saudis
Establishing a company in Dubai for Saudis can provide many advantages and business opportunities. Here are some potential advantages:
- Strong economy: Dubai is considered one of the most important economic centers in the world and enjoys a dynamic business environment. The emirate offers opportunities for growth and expansion for businesses in various sectors.
- Access to the regional market: Dubai has a privileged geographical location that makes it a gateway to access the Arab market and the Middle East. Saudi companies can take advantage of this strategic location to expand their business and develop export and import operations.
- Flexible Business Environment: Dubai has a flexible and tolerant business environment, encouraging innovation, investment and support for start-ups and entrepreneurs. Dubai has a variety of free zones and specialised zones that provide facilities and privileges to businesses.
- Advanced Infrastructure: Dubai is characterized by modern and sophisticated infrastructure, such as international airports, ports and advanced public transport. This robust infrastructure provides facilities for companies in the areas of logistics, distribution and international trade.
- Political and legal stability: The UAE enjoys political and legal stability, and this enhances the confidence of investors and provides a conducive environment for business. Open investment laws: Dubai adopts an open investment policy that encourages foreign participation in the local economy. There are great opportunities to invest in various sectors such as real estate, trade, hospitality, technology, etc.
There are other advantages related to taxes, visas, employment, etc. Therefore, it is important to consult with Etqan\\\’s experts to obtain specific and accurate information about the advantages of establishing a company in Dubai for Saudis based on current laws and regulations.
How to set up a company in Dubai for Saudis
To set up a company in Dubai for Saudis, some basic steps must be followed. Initially, you must specify the type of company you wish to establish and the sector in which you work. You must also apply for a commercial license from the competent authorities, and specify the company\\\’s headquarters in Dubai. In addition, you must provide the required documents, such as a copy of the passport, a capital certificate and a copy of the company\\\’s address. The source of funding must be determined and the necessary capital must be provided to the company, while the necessary permits must be obtained and a bank account must be established for the company. Working on registering the company in the competent government agencies and obtaining operating licenses and final permits. It is also advisable to check the local and international laws and regulations related to the company you wish to establish, and to ensure compliance with them. It is also advisable to consult with Etqan consultants for advice and guidance on setting up the company in a way that is correct and appropriate to your needs.
Documents required to establish a company in Dubai
There are some papers to follow when thinking about establishing your company in Dubai. Here is a detailed list of the papers and documents required to establish a company in Dubai for Saudis:
Information about the founders/partners:
- Copies of valid passports of founders/partners
- Recent personal photos of founders/partners
- Founders/Partners Case Law Certificates
- Letters of Intent signed by founders/partners
Company Information
- Filled Company Incorporation Application Form
- Memorandum of Association
- Form OF articles OF association OF the company
- Choice of legal form of company (e.g. LLC)
Financial requirements:
- Proof of paid up capital (bank statement or bank document)
- Payment of the required incorporation fees
- Office or Office Space Lease Contract in Dubai
- Obtaining business licenses from the Department of Economic Development in Dubai
Requirements
- Opening a bank account in the name of the company in one of the local banks in Dubai
- Providing health insurance for registered employees of the company
Some requirements may vary depending on the nature of the company\\\’s activity and the type of license required. We advise you to consult a leading ITQAN company that is one of the pioneers in the field of establishing companies in Dubai for the necessary advice.
Conditions for establishing a company in Dubai for Saudis
There are some conditions for establishing a company in Dubai for Saudis, such as the founders obtaining a residence permit to work in Dubai. Here are the most prominent conditions and requirements for establishing a company in Dubai for Saudis:
- Foreign Ownership Percentage: The ownership percentage of UAE nationals in the company must be at least 51%. For Saudis, they must have an Emirati partner with at least 51% of the capital.
- Choice of legal form of company: Common forms are a limited liability company (LLC) and a public joint stock company.
- Obtaining licenses and permits: The necessary licenses must be obtained from the Department of Economic Development in Dubai and the licenses vary according to the type of activity of the company.
- Headquarters Requirements: The company must have a registered headquarters in Dubai.It also requires renting an office or workspace.
- Opening a bank account for the company: A bank account must be opened in the name of the company in one of the local banks in Dubai.
- Employee Health Insurance: All registered employees of the Company shall be provided with health insurance. These are the most important prerequisites. Details may vary depending on the nature of the company\\\’s activity and future organizational changes.
Cost of establishing a company in Dubai for Saudis
The cost of establishing a company in Dubai for Saudis varies depending on the type of company, its size and the sector in which it operates. However, the cost of establishing a company can be estimated. Here are the main details of the cost of establishing a company in Dubai for Saudis:
Top Tips
- Choosing the legal form of the company (LLC or Public Joint Stock Company)
- Determine the required capital
- Obtaining the necessary licenses and permits from the Department of Economic Development
- Opening of a bank account
- Establish a commercial register for the company
- Setting up the head office of the company in Dubai
- Submission of required documents
- Obtaining the necessary approvals and licenses
- Complete the company registration process
- Opening a bank account for the company
- Establishing the company\\\’s infrastructure (office, employees,etc.)
Saudi founders must comply with local laws and regulations in Dubai, in addition to paying the required fees, which vary according to the type of company and activities to be practiced.
Commercial license to establish a company in Dubai
The commercial license to establish a company in Dubai varies for Saudis depending on the type of company and the sector in which it operates. It is important to obtain the appropriate commercial license for the company\\\’s activity and to comply with all the required conditions. The trade license can also be obtained from the competent authorities in Dubai and is renewed annually. It is advisable to check all the conditions and requirements required to obtain the correct business license to establish a company in Dubai. After obtaining the trade license, other company incorporation procedures can be initiated, such as applying for a work permit, establishing a bank account and registering the company with government agencies. It is important to consult with a local consultant or business expert in Dubai to ensure that all necessary procedures are adhered to and the company is established in a correct and successful manner.
Tips for setting up a company in Dubai for Saudis
Itqan provides some tips when establishing a company in Dubai for Saudis, such as learning about and adhering to local and international laws and regulations related to the company. Here are some useful tips for establishing a company in Dubai for Saudis:
Choose the business carefully
- Do your research and analysis to make sure that the business chosen for you has growth potential in the market.
- Learn about the competition and opportunities in the sector you want to invest in.
Communicate with advisors and experts
- Consult accountants and legal advisors who specialize in establishing companies in Dubai.
- Ask them for advice and guidance to ensure full compliance with laws and legislation.
Choosing the right legal form
- Find out what legal forms are available such as a limited liability company and a public shareholding company.
- Choose the shape that aligns with the nature of your business and your future ambitions.
Finding the right Emirati partner
- Research and network with reputable and experienced potential Emirati partners.
- Make sure the partnership aligns with your vision and business goals.
Obtaining the necessary licenses
- Learn about all the licenses required from the Dubai Department of Economic Development.
- Make sure you get all the licenses before starting any business.
Planning for future growth and expansion
- Develop a comprehensive action plan that includes short- and long-term goals and strategies.
- Be prepared to adapt to changes in the market and legislation.
- With good planning and the help of experts, you will be able to establish a successful company in Dubai as a Saudi.
Itqan services in establishing companies in Dubai for Saudis
Itqan provides company incorporation services in Dubai to Saudis, including advising and guiding on company incorporation procedures, providing documents, filing applications, registration procedures and obtaining necessary permits. It is worth mentioning that Etqan also provides additional services such as establishing a bank account, providing furnished offices and residency visa procedures. Itqan can be relied upon to facilitate the process of establishing the company in Dubai for the Saudis and provide integrated and reliable services. In addition, Etqan provides multiple services to companies in Dubai, such as account management, taxation, marketing, recruitment, etc., which helps to facilitate the process of establishing and managing the company more effectively. The experience of the Etqan team in the field of business, language and culture of the UAE and Saudi Arabia can be used to obtain specialized and high-quality services, while Etqan enjoys the use of the best advanced methods to start the steps of establishing companies in Dubai.
In concluding our article on the advantages of establishing a company in Dubai for Saudis, we see that the opportunities available reflect the continuous economic development in Dubai and the UAE in general, making it an ideal destination for investments and business building. A supportive legislative environment and well-developed infrastructure provide unparalleled opportunities for Saudi entrepreneurs, whether in the areas of trade, services or creative industries. In cooperation with Itqan, one of the pioneers in the field of establishing companies in Dubai, Saudis can make the most of these opportunities and build a prosperous future in Dubai, with a focus on innovation and sustainability in business.
