With the economic developments and diverse opportunities that Dubai offers as a major investment destination, establishing a company in this international city is one of the important options that Saudis can consider. Itqan offers specialized services that help Saudis achieve this, giving them the opportunity to benefit from the thriving business environment and government facilities available in Dubai. Through this article, we will learn about the establishment of a company in Dubai for Saudis, from the necessary procedures to the important conclusions to make the right decision. The services provided by Itqan include specialized legal and financial consultancy that ensures the smooth implementation of the incorporation process in accordance with the legal and administrative standards in the Emirate. Moving to invest in Dubai and establishing a company here is an important strategic step, and through your partnership with Etqan, you have access to the knowledge and support needed to achieve sustainable success in the business world in the UAE.

Establishing a company in Dubai for Saudis

Establishing a company in Dubai for Saudis requires a set of key steps and procedures. Here\\\’s an overview of the steps you can take:

• Choice of economic activity: Saudis must determine the activity of the proposed company, whether it is in the industrial, commercial, service, or other sector.
• Choice of legal form: Saudis can choose the right type of company, such as a limited liability company, sole proprietorship, or a company in the free zone.
• Determine the name of the company and obtain the approval of the official authorities: Saudis must choose an appropriate name for the company and ensure that it complies with the laws and regulations of the Emirate.
• Obtaining the necessary licenses and permits: Establishing a company in Dubai requires obtaining the necessary licenses and permits from the concerned authorities, such as the Department of Economic Development or other government agencies.
• Capital Establishment: Saudis must determine and secure the capital required to establish the company, and the minimum capital can vary depending on the type of company and economic activity.
• Registration in the Commercial Register: Saudis must register the company in the Commercial Register in Dubai, after completing all legal procedures and requirements.
• Obtaining work and residence visas: After the company is established, Saudis should start arrangements for obtaining work and residence visas for founders and employees.
• Legal and financial advice: It is recommended to obtain advice from local legal and financial advisors in Dubai, which is what Etqan provides to you to ensure compliance with the laws and take advantage of the incentives and benefits available.

Procedures for establishing a company in Dubai for Saudis

Establishing a company in Dubai for Saudis requires taking some necessary procedures to obtain the necessary permit from the Ministry of Economy and register the company in the Department of Economic Development in Dubai. The procedures are as follows:

1. Obtaining a permit from the Ministry of Economy: Saudis must obtain a permit from the Ministry of Economy before establishing the company.
2. Registration of the company in the Department of Economic Development: The company must register in the Department of Economic Development in Dubai.
3. Submission of required documents: Saudis must submit passports, residency, commercial plan, lease contract and other documents necessary for the permit.
4. Payment of fees: Saudis must pay the necessary fees to obtain the company\\\’s incorporation permit.
5. Determine the type of company: Saudis must determine the type of company they wish to establish based on their needs and the requirements of the law.
6. Compliance with Laws and Legislation: The Company shall comply with all laws and legislation in Dubai and the United Arab Emirates.
7. Appointment of a General Manager: The Company shall appoint a General Manager responsible for the management of the Company and for compliance with laws and regulations.
8. Commitment to the percentage of Saudi labor: The company must commit to a certain percentage of Saudi labor within the framework of the local employment policy in Dubai.
9. Financial Reporting: The Company shall submit annual financial reports in accordance with International Accounting Standards.
10. Adherence to deadlines: The company must adhere to all deadlines for submission of reports, tax payments, etc.

Dubai company incorporation fees for Saudis

Fees for establishing a company in Dubai for Saudis vary depending on the type of company, its size and the sector in which it operates. However, they usually include licensing fees, permits, government fees, and legal fees. It is advisable to speak with the consultants of Etqan, which is one of the best companies specialized in establishing companies, determine the cost of establishing your company, and get accurate details about the fees. In addition, Saudi investors should be prepared to pay an annual fee to renew and maintain the company\\\’s licenses, and these fees may vary depending on the type of company and the activity it undertakes. It is also important to be aware that some business activities may require additional fees such as a work and residence permit for employees of the company, so it is advisable to allocate a sufficient budget to cover all the necessary fees at the beginning of the establishment of the company.

Opening a bank account to establish companies in Dubai

To open a bank account to establish a company in Dubai for Saudis, specific steps must be followed, the following steps must be followed:

1. Saudis should choose the bank they wish to deal with and check the necessary requirements.
2. Documents required to open the account must be submitted, such as a copy of the passport, a personal photo, a capital certificate and a copy of the company\\\’s address.
3. Opening fees must be provided and the account must be maintained, it is important to familiarize yourself with all the conditions and requirements before proceeding to open the bank account.

Please contact Etqan to learn all the necessary details about establishing companies in Dubai and how to follow the steps to open a bank account for them.

Tax benefits of establishing a company for Saudis in Dubai

Dubai offers many tax advantages and benefits to Saudis wishing to establish their company in the city. These benefits include full income tax relief, as well as the following benefits:

• Tax exemption: Saudis have full income tax exemption in Dubai.
• No restrictions on profit shifting: Saudi affiliates can shift their profits from Dubai to Saudi Arabia without any restrictions.
• No import and export fees: There are no import and export fees for Saudi affiliates in Dubai.
• Working in local currency: Saudi affiliates can work in local currency in Dubai.
• Facilities in obtaining work permits: There are facilities for Saudi affiliates to obtain work permits for their employees.
• Government support and financial facilities: The UAE government provides financial support and facilities to Saudi affiliates in Dubai.
• Access to the GCC market: Saudi affiliates in Dubai can easily access the GCC markets.

Types of Companies in Dubai

Saudis can establish many different types of companies in Dubai, such as limited companies, joint stock companies, individual companies, private companies, free companies, etc., besides the following types:

Conditions for establishing a company in Dubai for Saudis

There are some conditions that the team of Etqan company explains to you when you use us. You will find what you need about establishing companies in Dubai for Saudis. Here are the main conditions for establishing a company in Dubai for Saudi citizens:

1. Choosing the legal form of the company: Saudi citizens can establish a limited liability company (LLC) where they can own 100% of the capital, or a public joint stock company where they can own 49% of the capital.
2. Obtaining the necessary licenses and permits: The required licenses and permits must be obtained from the competent authorities in Dubai such as a commercial license and a permit from the Department of Economic Development.
3. Opening a bank account for the company: A bank account for the company must be opened at one of the local banks in Dubai.
4. Establishment of a commercial register for the company: A commercial register for the company must be established at the Commercial Register in Dubai.
5. Establishment of a head office of the Company: The Company shall have a registered head office in Dubai.
6. Submitting the required documents: such as a copy of the employer\\\’s passport, a recent personal photo of him, a certificate of judicial record, a signed letter of intent, and an application form for establishing the company.
7. Payment of the required fees: Payment of the required fees for the establishment and registration process.

Tips for Starting a Successful Business in Dubai

To establish a successful company in Dubai, you should follow some important tips. In the beginning, Saudi investors should study the market and identify promising opportunities before establishing the company, in addition to the following tips:

1. Market Study and Opportunity Identification: Before establishing a company, Saudis should study the market in Dubai and identify the most promising opportunities for success.
2. Choosing the right local partner: A local partner can help you understand the local market and deal with laws and legislation.
3. Meeting deadlines: The company must submit tax reports and payments on time to avoid legal violations.
4. Investing in e-marketing: Saudi companies can leverage the power of e-marketing to reach new customers in Dubai.
5. Presence at exhibitions and conferences: Saudi affiliates can promote their services and products at exhibitions and conferences in Dubai.
6. Commitment to quality and international standards: The company must adhere to quality and international standards to gain the trust of customers in Dubai.
7. Looking for partnership opportunities with local companies: Saudi companies can look for partnership opportunities with local companies in Dubai to expand their business.
8. Recruiting local employees: Recruiting local employees helps to strengthen relations with the local community and improve the public image of the company.
9. Compliance with regulations: The company must comply with all regulations issued by the UAE government.
10. Providing excellent customer service: The company must provide excellent customer service to maintain good customer relations and enhance its reputation in Dubai.

In concluding this article in which we explored the process of establishing a company in Dubai for Saudis, we find that Etqan Company is emerging as an important and effective consulting partner in this field. With its diverse experience and services, it represents a real starting point for those wishing to start their own business in Dubai. They provide the necessary support and guidance for investors to plan and execute successfully. Establishing a company in Dubai requires special skills and experience, which are unique to Etqan thanks to its long history and its team of specialized experts. Therefore, Saudi investors can rely on it as a reliable strategic partner to achieve their business objectives in Dubai. We conclude by stressing the importance of choosing the right partner in the journey of establishing the company, and we find that Etqan plays a pivotal role in providing the necessary support and expertise to investors, making it the perfect choice for success in the vital Dubai market.