Our article today discusses the steps for establishing a company in Dubai for Saudis without a sponsor, within the framework of our partnership with Itqan Company. Dubai is considered an ideal environment for business, as it provides broad opportunities for entrepreneurship and establishing companies in easy and effective ways. One of these opportunities lies in the possibility of establishing companies without a sponsor for Saudis, which enhances economic trends and contributes to strengthening strategic partnerships between the two countries.

The procedures for establishing a company in Dubai for Saudis without a sponsor are a thoughtful and innovative process, as it allows Saudi investors to access new markets and expand the scope of their business. Our team at Itqan Company provides the necessary services and support to overcome challenges and achieve success in the process of establishing companies in Dubai, with a focus on providing the necessary information and simplifying procedures.

In this article, we will discuss various aspects related to the process of establishing companies in Dubai for Saudis, starting from the basic steps that must be followed until completing the necessary procedures to successfully start a business, with a focus on the legal, administrative and economic aspects related to this process.

We here at Itqan Company are committed to providing support and assistance to Saudi investors in every step of establishing companies in Dubai, to ensure the success of their projects and the achievement of their investment goals. Through this article, you will get a comprehensive overview of how to establish a successful company in Dubai for Saudis without a sponsor, focusing on the key factors to consider during this important process.

Steps to establish a company in Dubai for Saudis

Establishing a company in Dubai for Saudis without a sponsor with Itqan Company can be an exciting and rewarding experience. Here are the steps to establish a company in Dubai for Saudis:

1. Choosing the type of company: You must determine the type of company you want to create, such as a limited liability company (LLC), individual company, personal company, or public company, according to the business activities you wish to practice.
2. Choosing a company name: The company name must be unique and appropriate to the company’s activity and comply with local laws and regulations in Dubai.
3. Determine shareholders and responsibilities: The company’s shareholders, the percentage of their responsibilities, and their shares in the capital must be determined.
4. Specifying the location and commercial address: You must provide a valid commercial address in Dubai, which could be the address of the company’s main headquarters or the address of a support services office.
5. Preparing legal documents: You must prepare legal documents such as the company’s articles of incorporation, the necessary certificates, permits, and approvals required from the competent authorities.
6. Submitting the application and registration: After preparing all documents, you must submit an application to register the company with the relevant government authorities in Dubai and pay the required fees.
7. Obtaining licenses and permits: After approval of the registration application, the necessary licenses and permits must be obtained to start the company’s work and practice its activity.
8. Opening a bank account: You must open a commercial bank account in the name of the company in a local bank in Dubai.
9. Obtaining a work license: After completing the previous steps, an official work license is obtained that allows the company to practice commercial activities in Dubai.

With Itqan Company, they can help you with all these steps and provide the necessary advice to ensure that the company is established smoothly in accordance with the laws and regulations in Dubai.

Advantages of establishing companies in Dubai for Saudis

There are many features that make Dubai a preferred destination for establishing companies for Saudi investors without a sponsor, in addition to the following points:

• Supportive business environment: Dubai is considered a global center for entrepreneurship and provides advanced infrastructure, and the Dubai government also provides many incentives and facilities to attract foreign investments.
• No need for a sponsor: Saudis can establish companies in Dubai without the need for an Emirati sponsor. This facilitates the establishment process and gives Saudi investors greater flexibility.
• Attractive tax system: Dubai is characterized by a distinct tax system with attractive tax exemptions and incentives, and no tax on personal income or corporate profits.
• Visas and Residency: Possibility of obtaining visas and long-term residency in Dubai. This helps Saudi investors settle in and work more effectively.
• Ease and speed of establishment: The process of establishing companies in Dubai is characterized by ease and speed compared to some other countries.
  There are various options for corporate and business forms.
  In general, setting up a company in Dubai for Saudis without a sponsor provides a stimulating and supportive business environment with attractive regulatory and tax advantages. This helps attract Saudi investments and grow the business.

Establishing a company in Dubai for Saudis without a sponsor

For Saudi citizens, Dubai is a suitable destination for establishing companies without the need for a sponsor. Firstly, Dubai is considered a global business and trade centre, providing a stable business environment and easy preparation for new projects. The UAE government has developed special programs and incentives to encourage entrepreneurs and foreign investors to invest in the emirate.

Dubai has also launched several free zones that allow foreign investors to establish companies with 100% ownership without the need for an Emirati sponsor. These areas provide quick and simple incorporation procedures with attractive tax and regulatory incentives.

In addition, Dubai provides advanced consulting and administrative services that help Saudi entrepreneurs establish their companies smoothly. There are specialized and licensed companies that can assist with all legal procedures and requirements.

Dubai is also characterized by ease of movement and access, and provides advanced infrastructure and high-quality logistical services. This is an important factor for Saudi entrepreneurs wishing to expand regionally and internationally.

In general, Dubai provides Saudis with a supportive business environment and excellent facilities for establishing companies without the need for a sponsor, making it an attractive destination for investment and growth.

The cost of establishing a company in Dubai for Saudis

Saudis interested in establishing companies in Dubai without a sponsor should take this into consideration, and you can benefit more by contacting Itqan Company, which helps you know everything related to establishing companies for Saudis, and calculates the cost based on the following factors:

Legal requirements

• A commercial license must be obtained from the Dubai Economic Development Authority.
• Requirements may vary depending on the type of company and business activity.
• Must comply with local laws and regulations in Dubai.

Choose location and facilities

• A suitable location must be chosen for the company, whether in the free zones or outside them.
• Providing suitable office space and ensuring the availability of all necessary facilities.
• Employ qualified personnel and train them in accordance with local laws.
• Compliance with labor and social insurance laws.

Tax and financial compliance

• Understand tax registration and tax compliance requirements.
• Commitment to submit financial statements and periodic reports.
• Develop an effective marketing strategy to attract customers.
• Communicate with the local and regional market.

Professional consulting

• Seek assistance from local legal, financial, and consultant experts.
  Get the necessary advice and guidance to ensure success.
• Establishing companies in Dubai for Saudis without a sponsor involves many legal, administrative and financial requirements that must be carefully studied.
• Therefore, it is important to obtain appropriate advice from Itqan Company experts to ensure compliance and success in this process.

Necessary licenses for establishing a company in Dubai for Saudis

Establishing a company in Dubai for Saudis without a sponsor requires obtaining a number of licenses and government approvals. There are several steps and licenses that must be followed:

1. Choosing a company structure: You must decide whether the company will be a limited liability company (LLC) or a private joint stock company. Each structure has different licensing requirements.
2. Obtaining a commercial license: A commercial license must be obtained from the Dubai Commercial Development and Investment Authority (DCCI). This license determines the type of commercial activity of the company.
3. Securing an office or headquarters for the company: The founders must provide an office or headquarters for the company in Dubai and submit a lease contract for that office.
4. Issuing additional licenses: The company may need additional licenses depending on the nature of the business, such as a health and safety license or an environmental protection license.
5. Registration with the Federal Tax Authority: The company must register with the Federal Tax Authority for value-added tax purposes.
6. Recruiting employees: If the company is going to recruit employees, residence permits must be obtained for them.
   For more detailed information, I advise you to contact Itqan Company in Dubai to obtain appropriate advice. 

Conditions for establishing a company in Dubai for Saudis without a sponsor

There are several important conditions and procedures for establishing a company in Dubai for Saudis without a sponsor, the most important of which are:

1. Choosing the appropriate legal form for the company: A Saudi can establish a limited liability company (LLC) or a private joint stock company (Private Joint Stock Company) in Dubai without a sponsor.
2. Obtaining a commercial license: You must obtain a commercial license from the competent authorities in Dubai to practice commercial activity. This requires submitting several documents, such as the company’s articles of association and articles of association.
3. Securing an office or headquarters for the company: A registered office or headquarters for the company must be provided in Dubai as part of the requirements for obtaining a trade license.
4. Obtaining a residence visa: Establishing a company in Dubai requires obtaining a residence visa for the Saudi founder. This visa can be obtained without a sponsor.
5. Obtaining a bank letter of guarantee: Some sectors may request obtaining a bank letter of guarantee as a guarantee for practicing commercial activity. These are the most important basic conditions, and you must deal with specialized bodies to complete the establishment procedures correctly.

Itqan Company services in establishing companies in Dubai for Saudis

Itqan Company is one of the leading companies in the field of establishing companies in Dubai for Saudis without a sponsor. Here is an overview of the services it provides:

Initial consultations

1. Providing a preliminary feasibility study for the project.
2. Determine the most appropriate legal form for the company.
3. Assistance in choosing the appropriate business activity and location.
4. Registration and licensing of the company with the competent authorities in Dubai.
5. Preparing the company’s articles of incorporation and articles of association.
6. Legal follow-up and compliance with regulatory requirements.

Financial services

1. Assistance in opening a bank account for the company.
2. Preparing accounting books and records.
3. Preparing periodic financial statements and tax reports.
4. Assist in recruiting qualified employees.
5. Preparing contracts and social insurance.
6. Organizing procedures for obtaining work visas.

Virtual office services

1. Providing a virtual office equipped with the necessary services.
2. Manage inbox and provide a company phone number.
3. Assistance in developing business and marketing plans.
4. Providing consultations and solutions for business development. In addition to these basic services, Itqan Company provides a range of additional services according to the needs of Saudi customers. Its experience can be used to help establish companies in Dubai smoothly and effectively.

In conclusion, it is clear that Dubai offers Saudis exceptional opportunities to establish a company in Dubai without the need for an Emirati sponsor. This innovative model enables Saudi entrepreneurs to benefit from the supportive business environment and encouraging government incentives in Dubai, without traditional restrictions.

Thanks to these distinct advantages, there has never been a better time for Saudis to consider expanding into the UAE markets. Dubai provides an ideal platform for developing projects and accessing new markets, while obtaining the necessary legal and regulatory support through specialized consulting companies.

Given these multiple advantages, establishing a company in Dubai may be the ideal choice for ambitious Saudis looking for new growth opportunities. Dubai opens horizons for Saudi entrepreneurs to realize their dreams and expand their business on a regional and global level.

Frequently asked questions about establishing a company in Dubai for Saudis