Establishing a company in Dubai requires compliance with a number of legal and regulatory requirements and conditions determined by the local and federal authorities in the Emirates. For Gulf nationals wishing to establish a company in Dubai, the requirements for establishing a company in Dubai for Gulf nationals are several aspects including legal, financial and administrative aspects.

Legally, Gulf nationals must adhere to Dubai\\\’s corporate and investment laws, which include procedures for registering a company and obtaining the necessary licenses, which vary depending on the type of company and its proposed activity. You must also ensure that all documents and documents required to register the company are completed in accordance with local laws.

Financially, Gulf nationals must ensure that they have the necessary capital to establish and operate the company, which can vary depending on the type of company and the size of the expected business. Additional costs such as establishment and operating fees, rents and salaries must also be considered.

From an administrative standpoint, Gulf nationals must appoint managers and executives who have experience and competence in managing companies and implementing the strategies necessary for business success. The company must also adhere to standards of governance, transparency and accountability.

In short, establishing a company in Dubai for Gulf nationals requires a careful understanding of the legal, financial and administrative requirements, and ensuring that all conditions required are met to ensure the company’s success and compliance with local laws and regulations.

Requirements for establishing a company in Dubai for Gulf citizens

Establishing a company in Dubai for Gulf nationals includes several elements and documents that must be provided and followed to ensure compliance with local laws and conditions. Here are the basic steps:

• Type of Company:

Determine the appropriate company type for your business, such as a limited liability company (LLC), a sole proprietorship, or a subsidiary of an existing Gulf company.

• Partners:

1. The presence of a Gulf partner or several Gulf partners in the case of limited liability companies (LLC).
2. Submit a copy of the Gulf ID card to the partners.
3. The company’s incorporation contract and the signature of all partners.

• Company Name:

1. Choose a unique and non-duplicate name for the company.
2. Submit an application to reserve the company’s trade name with the Dubai Economic Development Department (DED).

• The required documents:

1. Copies of passports and ID cards of Gulf partners.
2. The company’s articles of incorporation and articles of association.
3. Recent personal photos of partners.

• capital:

1. Determine the necessary capital value and deposit it into the company’s account.
2. Preparing a capital deposit certificate from the bank.

• Activity licenses:

Obtaining the required activity licenses from the relevant authorities, such as the Department of Economic Development and the Ministry of Trade and Industry.

• Company office:

1. Renting an office or headquarters for the company and submitting contract documents to the competent authorities.
2. Virtual business office services can be used for companies that do not need a physical office.

• Legal registration:

1. Register the company in the commercial registry and obtain a commercial registration number (CRN).
2. Providing copies of the company’s legal documents to the relevant authorities.

• Work visas:

Submitting applications for work visas for Gulf and non-Gulf employees working in the company.

• Registration with tax authorities:

Register the company with the local tax authorities if it is subject to taxes.

These requirements depend on the type of company and its activity, and there may be additional requirements depending on the directives of local authorities and business laws in Dubai and the United Arab Emirates. It is recommended to cooperate with Itqan Company to ensure your compliance with all local requirements and conditions.

Advantages of establishing a company in Dubai for Gulf citizens

Advantages of establishing a company in Dubai for Gulf citizens

Establishing a company in Dubai is considered a smart and exciting investment step for ambitious Gulf Arabs, as the Emirate of Dubai provides a suitable and encouraging investment environment that attracts innovative ideas and promising projects. Here are some of the advantages of establishing a company in Dubai for Gulf nationals :

1. Strategic location:

Dubai enjoys a distinct strategic location on the global map, making it a gateway for trade and business with the Middle East, South Asia and Africa.
2. Advanced investment environment:

Dubai provides a developed and encouraging investment environment with flexible laws and commercial legislation that protects investors\\\’ rights.
3. Absence of taxes:

Dubai is characterized by the complete absence of taxes on personal income, capital and profits, which contributes to increased profits for companies.
4. A diverse and promising market:

The Dubai market offers diverse opportunities in various sectors such as real estate, tourism, technology and manufacturing, allowing Gulf companies to choose the sector that best suits their business.
5. Advanced infrastructure:

Dubai has a modern and advanced infrastructure with integrated facilities such as airports, ports and roads, facilitating access to global markets and facilitating shipping and distribution operations.
6. Government support and facilitation of procedures:

The Dubai government provides significant support to startups and investors, in addition to facilitating administrative and legislative procedures for establishing companies.
7. A distinguished tourist and commercial destination:

Thanks to its tourism and business appeal, Dubai is a preferred destination for international business and conferences, providing great opportunities for expansion and building international business networks.
8. Diversified and stable economy:

Dubai\\\’s economy is diverse and stable, making it a safe and reliable destination for long-term investment.
With these many advantages, ambitious Gulf nationals can explore business opportunities and achieve success in the business world by establishing their companies in Dubai, and making the most of the dynamic and encouraging business environment that the emirate offers.

Costs of establishing a company in Dubai for Gulf nationals

Dubai has a strong reputation as one of the most prominent economic centers in the world and is considered one of the most attractive cities for business people in the Gulf region. For Gulf nationals aspiring to establish a company in Dubai, understanding the costs associated with the incorporation process is vital to the success of their entrepreneurial venture. In this article, we will take an overview of the basic costs related to establishing companies in Dubai for Gulf Arabs .

Licenses and permits fees: The costs of licenses and permits vary depending on the type of company and its activity. These fees include the costs of basic licenses and permits required from local authorities in Dubai.

Costs for legal and accounting consultations: It is advisable to obtain legal and accounting consultations to ensure full compliance with local laws and legislation and to assist in organizing the company’s financial and tax matters.

Real estate and office costs: Real estate and office costs may be among the highest in Dubai, as this depends on the location, type and size of the property.

Necessary capital: The capital required to establish the company must be determined, which may vary depending on the type of company and the requirements of local authorities.

Visa and residency fees: Costs for issuing visas and residency for employees and shareholders of the company.

Registration and establishment costs: These costs include company registration fees and the costs of formally establishing it in Dubai.

Types of companies in Dubai for Gulf citizens

Dubai is one of the seven emirates of the United Arab Emirates and is considered a leading commercial and financial center in the region. Thanks to its attractive business environment and advanced infrastructure, Dubai attracts significant investments from Gulf Arabs and foreigners alike. There are several types of companies in Dubai that Gulf Arabs can invest in, and each type has specific advantages.

Types of companies in Dubai for Gulf nationals:

Limited Liability Company (LLC):

• Fast and simple establishment procedures
• The capital required is relatively low
• Gulf ownership percentage of no less than 51%
• Enjoy attractive tax incentives

Free companies:

• 100% foreign ownership
• Complete tax exemptions
• Ease of establishment and operation procedures
• Advanced infrastructure and logistics services available

Public joint stock companies:

• Possibility of public subscription and stock trading
• The amount of capital is large
• Advanced corporate governance and administrative structure
• Possibility of obtaining financing through the stock exchange

Family businesses:

• Continuity of ownership and management within the family
• Flexibility in making decisions
• Loyalty of employees and customers to the family brand

In general, Dubai offers an attractive business environment for Gulf Arabs thanks to its diverse investment incentives and advanced infrastructure. Gulf residents can choose from these different types of companies based on their needs and investment goals.

Documents required to establish a company in Dubai for Gulf citizens

Dubai is one of the most important commercial and economic centers in the world, and is a favorite destination for many Gulf businessmen to establish their companies. Dubai is distinguished by its advanced infrastructure, attractive investment environment, and simple regulatory procedures for establishing companies.

For Gulf nationals wishing to establish a company in Dubai, there are a set of documents and papers required to do so. In this topic, we will review in detail the documents required to establish a company in the Emirate of Dubai for Gulf investors.

Documents required to establish a company in Dubai for Gulf citizens :

Passports of founding partners:

Copies of valid passports for all partners.
Passports must be valid for a minimum of 6 months.

Partners\\\’ CVs:

A CV of each founding partner, detailing experiences and qualifications.

Proof of the proposed address of the company:

A valid lease contract for the proposed office or headquarters.
Or the property title deed if it is owned by partners.

Clearance certificates:

From the Department of Finance and Taxation in Dubai.
From social insurance bodies.

Company incorporation application:

An application form for establishing the company signed by the partners.
It includes company details such as name, activity, capital, etc.

Partnership agreement template:

A partnership agreement signed between the partners defines their rights and obligations.

Personal photos of partners:

Recent personal photos of all partners.

Establishment fees:

Pay the fees required to establish the company.
By submitting these documents and fully fulfilling the requirements, Itqan Company will be able to complete the procedures for establishing the company in Dubai on behalf of the Gulf partners easily and quickly.

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

Establishing a company in Dubai for Gulf nationals represents a tremendous opportunity to exploit the promising economic opportunities in this thriving city. However, dealing with incorporation requirements can sometimes be challenging. From this standpoint, Gulf citizens can seek the help of a specialized consulting company such as Itqan Company to benefit from its experience and guidance in this process.

Itqan Company is a leading consulting company in the field of company establishment in Dubai, characterized by a team of legal, financial and administrative experts who have a deep understanding of the laws and procedures regulating the establishment process. Gulf nationals can benefit from its services to ensure that the incorporation process is completed smoothly and efficiently.

First, Itqan will assist Gulf clients in completing all the paperwork required to establish the company, including the incorporation application form and providing copies of passports, partner CVs, proof of address, clearance certificates, etc. It will be ensured that all requirements are met correctly.

Secondly, Itqan Company will provide the necessary legal advice regarding choosing the appropriate legal form of the company (such as a limited liability company or joint stock company) and determining shares and ownership between partners. It will also prepare the necessary contracts and agreements to regulate relations between partners.

Thirdly, the consulting company will assist in obtaining all necessary licenses and permits to conduct business activity in Dubai, including the commercial license and business license from the Department of Economic Development. It will provide the necessary advice regarding compliance with the laws and regulations in force in the emirate.

Fourth, Itqan will provide the financial and administrative support necessary to establish the company, including assistance in opening a bank account and investing in the required capital. It will also provide accounting consultations and prepare the company\\\’s financial books and records.

In conclusion, in cooperation with Itqan Consulting Company, Gulf nationals will be able to establish their companies in Dubai easily and efficiently, benefiting from the experience and support necessary to ensure the success of their project in this dynamic economic environment. Hiring a specialized company will help them focus on developing their business and growing in the local and regional market.

Frequently asked questions about establishing a company in Dubai for Gulf nationals