Establishing a company in Dubai for Saudis – Steps and Tips, Opening a company in Dubai is a strategic and distinctive step for many Saudis looking for new opportunities in the global business environment. Dubai, with its unique location as a gateway between the East and the West, offers a wide range of investment opportunities thanks to its advanced infrastructure, encouraging economic policies, and great potential in various fields. For Saudis, Dubai provides a suitable environment for doing business thanks to the many facilities provided by the government and investment-attractive legislation. By cooperating with Itqan Company, this process can be greatly facilitated, as the company provides comprehensive support that helps investors navigate legal and administrative procedures smoothly.

With its extensive experience in establishing companies in Dubai, Itqan provides specialized consultations that enable Saudi investors to understand all legal and commercial requirements accurately. By supporting them in choosing the appropriate legal structure, and providing guidance on the necessary administrative requirements and licenses, Saudi investors can ensure compliance with all local regulations and avoid any obstacles that may face them. In addition, Itqan provides assistance in choosing the appropriate location for the company’s offices and facilitating the process of obtaining the necessary approvals and licenses, ensuring that the business starts efficiently and quickly.

With the support of Itqan, Saudi investors can achieve their business goals in Dubai thanks to the specialized guidance and comprehensive services it provides. This cooperation contributes to accelerating the process of establishment and achieving success in one of the most dynamic and advanced markets in the world.

Documents required to establish a company in Dubai

Establishing a company in Dubai requires compliance with a set of legal and administrative procedures to ensure that all the necessary requirements are met to start a business successfully. Dubai, thanks to its strategic location and advanced infrastructure, provides an ideal environment for investors and new projects. In order to facilitate this process, a set of basic documents must be submitted that form the cornerstone of starting a business. These documents help ensure compliance with local regulations and obtain the necessary licenses, which contributes to achieving business success more smoothly and efficiently. In this context, we will review the documents required to establish a company in Dubai. Documents required to establish a company in Dubai

• Passports: Colour copies of passports of all founders and directors must be submitted. These copies must be valid and include basic personal information.
• Personal Photos: Recent personal photos of founders and directors are required, usually for identification and proof of identity purposes.
• Proof of address: This includes documents confirming the residential address of the founders and directors such as electricity or water bills or a lease agreement.
• Establishment Application Form: The establishment application form must be filled out, which includes basic information about the company, its activity and location.
• Articles of Association: This contract includes details of the legal structure of the company, the type of activity, and the rights and obligations of the partners. The contract must be notarized and certified by the competent legal authorities.
• Request for initial approval: An application must be submitted to obtain initial approval from the Department of Economic Development or the competent authority in the free zones, which proves the legal acceptance of the idea of ​​establishing the company.
• Copy of previous licenses (if available): If one of the founders has previous business licenses, copies of them must be provided to prove their previous experience.
• Lease Agreement: A document confirming the rental of an office or premises for a company. The agreement should include details about the location of the office and its duration.
• Business Plan: Provide a detailed business plan that outlines the company’s goals, strategies, and organizational structure. This document helps in obtaining licenses and gives a clear idea of ​​the nature of the activity.
• Licenses and Employees: If the company will employ employees, documents regarding work permits and details of key employees must be submitted.

In short, preparing these documents accurately and completely will speed up the company formation process and increase the chances of success of the project in Dubai. Working with local consultants such as Itqan can greatly facilitate these procedures and ensure compliance with all legal requirements.

Types of licenses available to establish a company in Dubai

Establishing a company in Dubai requires choosing the right type of license that matches the nature of the business activity you intend to practice. Dubai, being a global hub for business and investment, offers a variety of licenses that allow companies to operate efficiently in accordance with legal and administrative requirements. Each type of license corresponds to a specific type of activity, making it easier to organize and operate in accordance with local laws. In this context, it is important to understand the different types of licenses available, as this helps in making the right decision and avoiding any complications later. Types of Licenses Available for Establishing a Company in Dubai

• Commercial License: A commercial license is the ideal option for businesses that focus on commercial and general trading activities. This license covers the sale and purchase of goods and products, and provides the legal frameworks necessary to operate commercial activities on a large scale.
• Industrial License: This license is for companies that deal with industrial activities, such as manufacturing, assembly and production of goods. The industrial license provides the legal framework necessary to operate factories and industrial facilities, and usually requires obtaining additional approvals related to the environment and safety.
• Professional Licensing: Professional licensing is suitable for companies that provide professional services such as consulting, design, and technical services. This license includes activities that require specialized skills and high training, and must be consistent with specific professional standards.
• Tourism License: This license is intended for companies that provide tourism services such as organizing trips, tour guide services, and hotels. The tourism license requires compliance with the standards of the tourism industry and the services provided to visitors.
• Free Zone Licensing: Dubai’s free zones include different types of licenses that are granted to companies operating in those zones. Licenses vary depending on the activity, but they offer special benefits such as tax exemptions and full foreign ownership. Licenses in free zones include commercial, industrial, and professional licenses.
• Private Business License: This type of license is for companies that carry out private business within a narrow scope or operate on a limited basis. This includes activities such as providing private services or operating a sole proprietorship.
• Temporary License: This license is used for companies that carry out specific commercial or industrial activities within a specific period of time, such as temporary events and exhibitions.

Choosing the right license depends on the type of business activity and the location of the company, and the requirements of each type must be checked to ensure compliance with local regulations and effectively meet the needs of the business. Working with local consultants such as Itqan can help facilitate the process of choosing a license and simplify the required legal procedures.

Our company’s role in establishing a company in Dubai

At the end of the process of establishing a company in Dubai for Saudis, it becomes clear that adherence to legal and regulatory procedures is essential to achieving success and making the most of the business opportunities offered by the city. Dubai provides an ideal business environment thanks to its strategic location, modern infrastructure, and investment-friendly policies. For Saudi investors, Dubai represents a strategic gateway to enter global markets and grow businesses in new and effective ways.

Partnering with Itqan plays a vital role in facilitating this process. With its in-depth experience in the Dubai market, Itqan provides Saudi investors with specialized advice and comprehensive support that helps overcome challenges and simplify procedures. From choosing the right legal structure, to providing support in obtaining licenses and permits, Itqan helps ensure that the incorporation process runs smoothly and efficiently. The company also provides valuable advice on choosing the best location for the office, which enhances the company’s chances of success in the market.

Itqan is a reliable strategic partner to achieve business goals with maximum efficiency. With its full support, Saudi investors can avoid legal and administrative obstacles, and ensure compliance with all local regulations, which enhances their chances of achieving sustainable success in Dubai. By following these steps and working with Itqan, Saudi investors can realize their business aspirations and move towards new successes in one of the most dynamic and advanced economic environments in the world.

Frequently Asked Questions About Starting a Company in Dubai

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