Steps to establish a company in Dubai for Gulf nationals without a sponsor represents an exciting and promising opportunity for Gulf businessmen and investors looking to benefit from the dynamic and advanced investment environment that the emirate provides. Dubai, known as one of the most prominent global business and trade centres, offers a wide range of benefits and facilities that make the process of establishing a company easy and rewarding. One of the most prominent of these facilities is the possibility of establishing a company without the need for a local sponsor, which enhances the independence and flexibility of Gulf investors in managing their businesses and achieving their commercial goals.

Dubai\\\’s economy is characterized by diversity and stability, which makes it an attractive destination for investment. The UAE government is committed to providing an encouraging business environment by providing advanced economic policies and advanced infrastructure, in addition to a legal and regulatory system that ensures the protection of investors’ rights and encourages growth and innovation. Dubai\\\’s regulatory environment is designed to be transparent and efficient, making it easier for investors to establish and manage their businesses efficiently and smoothly.

Dubai is not only a financial and commercial center but also a gateway to regional and international markets. Its strategic location in the heart of the Middle East provides tremendous opportunities to access the markets of Africa, Asia and Europe, making it an ideal starting point for ambitious companies. In addition, Dubai offers a wide range of free zones that allow full foreign ownership and offer attractive tax exemptions, making it an ideal environment for startups and large corporations alike.

Providing a suitable business environment and a variety of investment options make Dubai a preferred destination for Gulf investors. Whether the goal is to launch a new project, or expand the scope of an existing company, Dubai provides all the ingredients an investor needs to achieve success. From world-class infrastructure, to supportive government policies, Dubai is an integrated platform that supports innovation and sustainable growth.

Steps to establish a company in Dubai for Gulf nationals without a sponsor

Establishing a company in Dubai for Gulf nationals without a sponsor is an excellent strategic step to take advantage of the many investment opportunities provided by the emirate. Dubai allows Gulf investors to establish their companies without the need for a local sponsor, which enhances their independence and flexibility in managing their business. Here are nine basic steps for establishing a company in Dubai for Gulf nationals without a sponsor:

1. Determine the type of business activity

The first step is to decide what type of business you want to engage in. Dubai offers a wide range of business activities to choose from, such as trade, industry, services, and consulting. It is important to ensure that the chosen activity complies with local laws and regulations.

2. Choose a trade name

Choose a trade name that reflects the nature of the business activity and complies with the standards set by the Dubai Economic Development Department (DED). The name must be unique and not similar to other company names, and the proposed name is submitted to DED for approval.

3. Obtaining initial approvals

Submit a request to the Department of Economic Development to obtain initial approvals for the business activity and trade name. This step includes filling out application forms and submitting the required documents such as copies of passports and initial approval of the trade name.

4. Preparing legal documents

Preparing the necessary legal documents to establish the company, including the company’s articles of association and articles of association. These documents define the rights and obligations of partners and shareholders and explain the company structure.

5. Choose the company\\\’s location

Rent an office or facility in Dubai that suits the type of business activity. Companies can choose between locations on the mainland or in one of the free zones which offer additional benefits such as full foreign ownership and tax breaks.

6. Registration and obtaining a license

Submit all necessary documents to the Department of Economic Development or to the competent authority in the selected free zone, and pay the fees required to obtain the commercial license. This step depends on the submission of legal documents and approval of the chosen location.

7. Obtaining additional permits and licenses

Some commercial activities require additional permits from the relevant government agencies. For example, health or educational activities require special approvals from the relevant regulatory authorities. It is important to ensure that all legal requirements are met.

8. Open a bank account for the company

After obtaining the license, a bank account must be opened in the company\\\’s name to manage financial and commercial matters. Opening an account requires submitting documents such as a trade license, articles of association, and articles of association.

9. Hiring employees and starting operations

Hire the necessary employees to run the company and begin business operations. You must adhere to local labor laws and provide a suitable work environment. After hiring employees, the company can start offering its services or selling its products and expanding in the market.

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 for Gulf citizens carries many advantages that make the emirate an ideal destination for investors and businessmen from the Gulf countries. Dubai enjoys a strategic geographical location, advanced infrastructure, and an encouraging business environment, making it a global economic center. Here are some of the main advantages of establishing a company in Dubai for Gulf nationals :

1. Strategic geographical location

Dubai is located in the heart of the Middle East, making it a major gateway to access global markets in Asia, Africa and Europe. This unique location provides Gulf companies with quick and effective access to new and diverse markets.

2. Advanced infrastructure

Dubai features world-class infrastructure that includes international airports, seaports, highways, and advanced communications networks. This infrastructure facilitates the movement of goods and services, and supports business operations with high efficiency.

3. Legal and regulatory facilities

Dubai provides a flexible legal and regulatory environment that supports the establishment and operation of companies. The government is constantly improving and simplifying bureaucratic procedures, making it easier for investors to start their businesses quickly and efficiently.

4. Tax exemptions

Dubai offers many tax exemptions which include not imposing income tax on individuals and companies in many cases. This tax exemption represents a great advantage for companies, as they can reinvest their profits in expanding and developing their business.

5. Full foreign ownership

In free zones, Gulf investors can own 100% of their company without the need for a local partner. This provides complete independence in managing the company and making strategic decisions.

6. Access to financing

Dubai is considered a global financial center that provides a wide range of financial and banking services. Businesses can easily access financing through local and international banks, as well as institutional investors and investors.

7. A business environment that encourages innovation

Dubai invests heavily in technology and innovation, and provides an encouraging environment for startups and technology companies. Initiatives such as Dubai Silicon Oasis and the Dubai Innovation Center support innovative companies and enhance their competitiveness.

8. Political and economic stability

Dubai enjoys political and economic stability, making it a safe environment for investment. Supportive government policies and a diversified economy enhance investor confidence and stimulate long-term investment.

9. Cultural diversity

Dubai is one of the most culturally diverse cities in the world, creating a multicultural work environment that facilitates communication and cooperation between different nationalities. This diversity enhances creativity and innovation within companies.

10. Quality of life

Dubai offers a high level of quality of life, with advanced educational and health facilities, diverse residential options, and world-class entertainment venues. This makes it an attractive place to live and work, making it easier to attract and retain talent.

Costs of establishing a company in Dubai for Gulf nationals

Establishing a company in Dubai is considered an attractive option for Gulf citizens due to the great facilities and encouraging investment environment that the emirate offers. However, it is essential to know the costs associated with this process to ensure proper financial planning and sustainable success. Here is an overview of the main costs of setting up a company in Dubai for Gulf nationals :

1. Registration and licensing fees

• Company registration fees: These fees vary based on the type of business and the region (mainland or free zones). These fees include submitting the application, obtaining initial approvals, and issuing the business license.
• Annual license costs: The business license is renewed annually for a specific fee that depends on the type of business activity and the region.

2. Costs of preparing legal documents

• Memorandum of Association and Articles of Association: These costs include preparing and drafting the legal documents necessary to establish the company. These costs can vary based on the complexity of the company\\\’s legal structure.
• Legal and consulting fees: These include fees for legal consultations and registration of contracts and official documents.

3. Rent and utility costs

• Office or facility rent: Rental costs depend on the location and space required. Free zones may offer options at varying prices compared to major zones.
• Utility costs: include electricity, water and communications costs, which depend on the size and activity of the company.

4. Administrative fees and government services

• Administrative fees: include fees for submitting various applications to obtain the necessary approvals and licenses.
• Costs of issuing additional permits and licenses: Some commercial activities require additional permits from the relevant government agencies, and these permits may be accompanied by additional fees.

5. Recruitment and visa costs

• Visa costs: Includes fees for issuing work visas for employees. Costs vary based on the number of employees and type of visas required.
• Employee salaries: A budget for salaries must be determined based on the labor market and company requirements.
• Health insurance: Employee health insurance is mandatory and requires allocating a portion of the budget to it.

6. Equipment and furniture costs

• Office equipment: includes the costs of furniture, office equipment, and equipment necessary to operate the office.
• Software and technical tools: Purchasing software and applications needed to manage business operations.

7. Marketing and promotional costs

• Advertising and marketing campaigns: Includes online and traditional media marketing costs.
• Participation in exhibitions and events: Participation fees for trade exhibitions and promotional events to strengthen the network of relationships and increase brand awareness.

8. Accounting and auditing costs

• Accounting fees: These include the costs of hiring internal accountants or contracting with external accounting firms to manage the accounts.
• Annual audit costs: Some companies may require an annual financial audit to ensure compliance with accounting standards.

9. Insurances

• Company insurance: includes property insurance, general liability, and accident insurance.
• Employee health insurance: Mandatory health insurance for all employees, requires part of the budget.

Our company\\\’s role in establishing a company in Dubai for Gulf nationals without a sponsor

In conclusion, establishing a company in Dubai for Gulf nationals without the need for a sponsor represents an exceptional opportunity to benefit from the advanced and diverse economic environment in the emirate. By following the basic steps of determining the type of business, choosing a trade name, obtaining initial approvals, preparing legal documents, and determining the location of the company, investors can establish their business efficiently and successfully. Cooperating with a specialized company such as “Itqan” can greatly facilitate this process, thanks to their extensive experience in the field of establishing companies and their deep knowledge of legal and regulatory procedures in Dubai.

“Itqan” company provides integrated services to investors, starting with providing legal and administrative consultations, through preparing the necessary documents, and even obtaining the necessary licenses and approvals. Thanks to this specialized support, investors can focus on developing and growing their business with confidence and reassurance.

Overall, Dubai opens its doors to Gulf investors thanks to its supportive and encouraging business environment, making it the ideal choice for establishing companies and growing in a thriving global market. Collaborating with companies like “Itqan” ensures that the establishment process will be smooth and successful, paving the way for achieving business goals and future ambitions.

Frequently asked questions about establishing a company in Dubai for Gulf nationals without a sponsor