You can use Itqan to find out ways to establish a company in Dubai for Saudis because in light of the tremendous economic development in Dubai and its attractiveness as a major investment destination, many Saudi investors are looking for promising opportunities to establish companies in this vital country. Dubai is an ideal environment for business thanks to its innovative economic policies and state-of-the-art commercial facilities. In this context, Etqan provides specialized services that facilitate the process of establishing companies for Saudis in Dubai in a comprehensive and reliable manner.

Methods available for establishing companies in Dubai for Saudis include a wide range of options, such as limited liability companies, partnerships and sole proprietorships, allowing investors to choose the legal structure most suited to their business objectives and financing needs. Saudi companies based in Dubai benefit from a host of clear advantages, such as a stable economic environment, attractive tax incentives, and access to a broad and diversified market, making it an ideal destination for growth and prosperity in the business world. By providing customized consultancy and solutions to establish a company in Dubai for Saudis, Etqan helps Saudis to choose the ideal option and implement success strategies in Dubai, making the establishment of companies smooth and profitable.

Establishing a company in Dubai for Saudis

Establishing a company in Dubai for Saudis in cooperation with Etqan represents an important strategic step in expanding the business and exploiting the commercial opportunities available in the UAE. Saudis have unique opportunities to trade and invest in Dubai given the close ties between the UAE and Saudi Arabia and the dynamic economic environment in Dubai. By partnering with the local ITQAN company. Saudis can benefit from local expertise and strategic direction, which contributes to simplifying the establishment process and achieving success in the local and regional market.

It provides its services with high professionalism and puts the client at the top of its priorities, whether in the field of company registration, obtaining the necessary licenses, or providing legal and commercial advice. Therefore, cooperation with Etqan represents a fruitful opportunity for Saudis to build and develop their business in the Emirate of Dubai and achieve success and sustainability in the growing market there.

Types of Companies in Dubai

Saudi investors can ideally set up companies in Dubai in various forms and our company can help you with this. Here are some common types:

1. Limited Liability Company (LLC): is the most common form of SME. This company provides protection for partners\\\’ personal assets and requires a local partner who typically owns 51% of the company\\\’s stake.
2. Public Joint Stock Company (PJSC): A public company whose shares are traded on the financial market. Saudis can set up for this type of company in Dubai.
3. Sole Proprietorship: It is managed by one person, and it is fully responsible for its owner.
4. Company in the free zone: Saudis can establish companies in free zones such as Jebel Ali Port or Port Rashid in Dubai, where they can benefit from local tax and regulatory facilities.

These are some of the main types, and there are other forms as well such as family businesses, personal limited liability companies (PLLC) and personal limited liability companies (LLLP) that Saudis can consider establishing depending on their needs and circumstances.

Ways to establish a company in Dubai for Saudis

Many Saudi investors seek to exploit the promising opportunities offered by Dubai as an ideal investment destination. In cooperation with Etqan, we will review some important ways toestablish a company in Dubai for Saudis in this thriving economic environment.

• Choosing the type of company: Saudis can choose between several types of companies such as a limited company, a personal company, a public company, or a branch of a foreign company.
• Determine the business activity: The activity of the company to be established must be determined and ensure that it complies with local laws and legislation.
• Choosing the name of the company: A suitable name for the company must be chosen and ensure that it is available and conforms to the legal controls.
• Arrangement of legal documents: Documents such as memorandum of association, share distribution document, and authorization of directors of the company should be prepared if necessary.
• Submitting the application to the concerned authorities: The required documents and applications are submitted to the concerned authorities such as the Department of Commerce and Industry in Dubai.
• Obtaining the necessary licenses: After reviewing the documents and information, the necessary licenses are granted to start the company.
• Opening a bank account: A bank account must be opened for the company to register financial and commercial operations.
• Registration of the company in government agencies: The company is registered in the competent government agencies such as taxes, social insurance and labor.

These steps form the general framework for the process of establishing a company in Dubai for Saudis, and the details can vary according to the type of company and economic activity chosen.

Cost of establishing a company in Dubai for Saudis

The cost of setting up a company in Dubai for Saudis changes based on several factors, including the type of company and the size of business activities it intends to undertake. Here is a list of items that may affect cost:

• Company Registration Fees: Varies depending on the type of company and its business activity.
• Business License Fees: Varies depending on the type of business chosen.
• Fees for establishing the company and issuing the commercial license.
• Office rental costs: vary by region and size of space required.
• Consultancy costs: If you decide to get help from a lawyer or consultants to facilitate the incorporation process.
• Recruitment Fee: If the local partner is Emirati, you may need to pay a recruitment fee. Factors to consider: To find out the actual cost, it is preferable to speak with Etqan consultants in Dubai to get an accurate estimate of the costs of establishing the company based on your specific needs.

Advantages of establishing a company in Dubai

Establishing a company in Dubai for Saudis can provide many advantages and business opportunities. Here are some potential advantages:

• Strategic location: Dubai is an ideal gateway to regional and global markets. Its privileged geographical location facilitates access to more than 2 billion consumers in the Middle East, Africa and South Asia region.
• Sophisticated infrastructure: Dubai has a well-developed infrastructure of airports, ports, roads and advanced logistics, which facilitates import and export operations.
• Supportive Business Environment: The UAE has provided a supportive business environment for investment through business-friendly laws and attractive investment incentives such as tax exemptions.
• Visas and residency: The possibility of obtaining residency visas for investors and their families, which provides stability and security for the business.
• Administrative facilities: The procedures for establishing, registering and obtaining licenses in Dubai are simpler and faster compared to some other countries.
• Digital Infrastructure: Dubai\\\’s cutting-edge technological infrastructure facilitates digital business processes and enhances operational efficiency.
• Quality of life: Dubai provides an attractive living environment in terms of security, cleanliness, services and entertainment, making it easier for investors and their families to cope.
• Cultural Diversity: Dubai\\\’s cultural diversity and its openness to different cultures provide opportunities for international exchange and cooperation.

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.

Requirements for establishing a company in Dubai for Saudis

For Saudis wishing to establish a company in Dubai, there are a set of basic requirements that must be met. Here are the details of the main requirements for establishing a company in Dubai for Saudis:

• Incorporation application form: The official company incorporation application form must be filled out, which contains the data of the company and the shareholders.
• ID: Copies of passports of shareholders and directors, as well as documents of residence in Dubai if any.
• Proof of address: Either a lease or ownership contract for the office/headquarters where the company will be registered.
• Capital: Evidence of the availability of the minimum capital required to establish the company according to the type of activity.
• Case law: A certificate from the home country proving the absence of case law for shareholders and directors.
• Business plan: A detailed business plan should be submitted outlining the company\\\’s activities and future goals.
• Special approvals: If the company\\\’s activity requires obtaining special licenses or approvals.
• Fees: Payment of the fees prescribed for the establishment of the company, which vary according to the type of company and the capital. It must be ensured that all these requirements are met prior to commencement of incorporation procedures. Local experts are also advised to assist with the process.

Documents required for establishing companies in Dubai

For Saudis wishing to establish a company in Dubai, there is a set of papers required to do so, here are the most prominent papers required to establish a company in Dubai for Saudis:

1. Company incorporation application form: The official company incorporation application form must be filled out with all the required data.
2. Photocopies of ID: Copies of shareholders\\\’ and directors\\\’ passports and residency documents in Dubai (if any).
3. Proof of address: Either a lease or ownership contract for the office/headquarters where the company is to be registered.
4. Capital: Proof of the availability of the capital required to establish the company, which varies according to the type of activity.
5. Certificate of case law: for shareholders and directors from the country of origin.
6. Business Plan: Details of the activities and future plans of the company.
7. Special Approvals: If the company\\\’s activity requires special approvals such as a commercial license.
8. Incorporation Fees: Payment of the fees prescribed for the incorporation of the company, which vary according to the type of company and the capital. It must be ensured that all these requirements are met prior to commencement of incorporation procedures.

The most important thing that distinguishes Etqan Company in establishing companies in Dubai

Itqan Company is characterized by several aspects that make it a distinctive option for establishing companies and investing in Dubai:

• Deep local experience: Itqan has a local team with extensive experience in the fields of company formation and investment in Dubai and the UAE, making it easier for customers to adapt to the local business environment and UAE laws.
• Comprehensive Services: Itqan offers a comprehensive range of services that include company incorporation, legal and commercial consulting, obtaining the necessary government licenses and approvals, and other services necessary to successfully start a business.
• Transparency and credibility: Itqan is characterized by a transparent policy and high credibility in dealing with customers, where all aspects related to the establishment and investment process are clearly and honestly explained.
• Strategic Guidance: Itqan provides expert advice and strategic guidance to clients to help them make the right and informed decisions on establishing companies and investing in Dubai, based on the individual goals and challenges they face.
• Personalization: Itqan pays the utmost attention to each client, and offers customized services that suit their individual needs and requirements, making the process of establishing companies and investing in Dubai a comfortable and successful experience.

In concluding our article on ways to establish a company in Dubai for Saudis, we would like to highlight several important advantages. The choice of Dubai to establish the company is an important strategic step due to the evolving economic environment and the facilities it provides to investors. Thanks to Dubai\\\’s drive towards diversity and innovation, Saudi companies can take advantage of growth and expansion opportunities in regional and global markets. Dubai also provides a stable and flexible legal environment that facilitates the process of establishing companies and encourages promising investments.

Alongside these advantages, Dubai offers Saudi investors diverse opportunities in a wide range of sectors, from technology companies and financial services to hospitality, tourism and real estate. The Saudi presence in the Dubai market enhances trade exchange between the two countries and promotes strategic partnerships at the economic level. To conclude, Dubai is an ideal destination for Saudi investors looking for a dynamic business environment and diverse and favorable investment opportunities, making the process of establishing companies there a successful and fruitful experience.