04 Feb Procedures for establishing a company in Dubai for Gulf citizens
Procedures for establishing a company in Dubai for Gulf nationals: In light of the rapid economic growth and encouraging investment environment, Dubai is one of the most prominent global destinations for Gulf nationals wishing to establish their companies. Dubai offers advanced infrastructure and flexible laws that allow investors to easily establish and manage businesses, making it an ideal destination for company establishment. By taking advantage of the specialized services and legal support available from companies like Atqan, Gulf nationals can make the most of investment opportunities and expand into new markets without the need for a local partner.
Establishing a company in Dubai is a strategic step with many advantages, including access to a growing global market, benefiting from advanced infrastructure, and attractive tax facilities. In this article, we will review the basic steps and key considerations that Gulf nationals must take into account as they begin their journey to establish a company in Dubai .
Procedures for establishing a company in Dubai for Gulf citizens
The procedures for establishing a company in Dubai for Gulf nationals are not complicated and do not require wasting time and money. You can contact us to help you clear the procedures and legal papers in the fastest time and at the lowest costs. Here are the necessary procedures in detail:
- Choosing the type of company: Gulf citizens can choose between types of companies such as a limited company, a limited liability company, or a limited liability partnership, depending on the nature of the activity and business needs.
- Choosing a business: The company’s activity must be carefully determined and ensured that it is compliant with the laws and licenses issued by the Dubai Trade and Economic Development Authority (DED).
- Choosing a company name and registering: You must choose a unique name for the company and ensure that it is registered with the Department of Commerce and Industry in Dubai.
- Determine financial responsibilities: Gulf investors must determine the required capital for the company and submit the necessary financial documents.
- Obtaining a Business License: A business license must be obtained from DED, where licensing requirements are determined and ensured that they are met.
- Obtaining residence permits: Gulf founders must obtain residence permits for themselves and for foreign employees if they are required.
- Office Rental: An office must be rented to the company and proof of address must be provided to DED.
- Signing agreements: Partners must sign the necessary contracts and register them before the competent authorities.
- Registration with insurance and social security bodies: Employees must be registered with insurance and social security bodies according to local laws.
- Tax Registration and Tax Registration (if required): A company must register with the Dubai Tax Authority (FTA) if it is liable for tax.
The period required to implement all procedures for establishing a company in Dubai for Gulf citizens does not require a lot of time, only about 15 days, and you can contact us to complete all procedures and legal papers.
How do we help investors establish a company in Dubai for Gulf citizens?
- Providing support for commercial activities through a set of facilities that the entrepreneur needs.
- We have years of experience in setting up companies in Dubai.
- We provide feasibility studies for projects to help entrepreneurs find suitable opportunities.
- Providing offices and warehouses for companies.
- Assistance in all legal and paperwork before the relevant government agencies.
- Assisting investors in facilitating all procedures and obtaining long-term investor residency.
Conditions for establishing a company in Dubai for Gulf citizens
For Gulf nationals wishing to establish a company in Dubai , there are several conditions that they must consider and ensure that they are met. The main conditions include the following:
- Partnership with a local partner: In some cases, establishing a company in Dubai requires the presence of a local partner (national partner), according to certain laws and regulations. However, there are some options to gain full control of the company without the need for a local partner through some approved legal structures.
- Licensing and Permits: The company must obtain a license from the Dubai Trade and Economic Development Authority (DED), and ensure that all local requirements for licensing are met. The necessary permits must also be obtained according to the nature of the commercial activity.
- Required capital: The company must determine and provide the required capital according to the chosen type of company and business expectations. But sometimes, capital can be provided in different ways or in smaller amounts depending on the type of activity.
- Location and Office: The company must rent an office in a suitable location and submit proof of the company’s address to DED.
- Insurance and tax registrations: The company is required to register with the insurance and social security authorities, and in some cases to register with the Federal Tax Authority (FTA) if it is liable for taxes.
- Legal Obligations: The company must comply with all local and federal laws and regulations related to the establishment and management of companies.
- Visas and Residences: The company must secure residence visas for foreign founders and employees if they are required.
These conditions constitute an essential part of the process of establishing a company in Dubai for Gulf citizens, and more details and support can be obtained through consultations with legal and consulting services companies specialized in this field.
Commercial license to establish a company in Dubai for Gulf nationals
For Gulf nationals wishing to establish a company in Dubai, there are several types of business licenses to choose from, and they vary according to the type of business activity and the legal structure of the company. Among the main options for business licenses in Dubai for Gulf nationals include:
- Limited Company (LLC): The limited company is the most popular option among companies in Dubai, as Gulf nationals can obtain a limited company license with or without a local partner, depending on the type of activity and the legal arrangements in place.
- Limited Liability Company (LLP): This structure allows Gulf partners to share responsibility and profits in specific proportions, and is common among companies that provide professional services such as consulting and accounting.
- Sole proprietorship: These options are suitable for individuals who want to manage their business individually without the need for partners, and Gulf citizens can easily obtain a license for this company.
- Company in the Free Zone: Free zones in Dubai, such as Jebel Ali, Al Hamriya and Dubai World Trade, offer options for establishing companies with tax facilities and easy trade laws, making them attractive to Gulf nationals.
- Free Zone Establishment Company: These licenses allow companies to operate in the free zone without the need for local partners, and provide opportunities for Gulf nationals to access global markets easily.
The requirements and procedures for obtaining each of these licenses vary, and it is recommended to consult with Itqan consultants to determine the appropriate option that is compatible with the needs of the chosen business and local legal regulations.
Advantages of establishing a company in Dubai for Gulf citizens
Establishing a company in Dubai for Gulf nationals has several advantages that make it an ideal destination for investment, the most prominent of which are:
- Full ownership: Gulf nationals can establish some types of companies in Dubai without the need for a local partner, allowing them to obtain full ownership of the company and management control.
- Advanced Infrastructure: Dubai is characterized by a modern and advanced infrastructure, which makes it easier for Gulf companies to benefit from the advanced infrastructure to enhance their commercial and logistical operations.
- Tax facilities: Dubai free zones offer attractive tax facilities, such as not charging income tax for up to 50 years, which helps reduce overall costs for companies.
- Strong consumer market: Dubai is one of the largest consumer markets in the region, providing great opportunities for companies to increase their sales and expand their business.
- Access to global markets: Thanks to its strategic location, companies in Dubai can easily access different markets in the Middle East and the world, enhancing export opportunities and international expansion.
- Government support: The Dubai government provides an encouraging investment environment, with continuous support for businesses through appropriate economic policies and legislation that supports the private sector.
- Economic Diversity: The Dubai market has great economic diversity, as companies from different sectors can benefit from opportunities in real estate, tourism, retail, technology, and others.
These advantages make Dubai a preferred destination for Gulf Arabs looking for a favorable investment environment that supports the growth of their businesses and helps them achieve success in the local and global market.
Documents required to establish a company in Dubai for Gulf citizens
To establish a company in Dubai as a GCC citizen, it is necessary to submit a number of basic papers and documents. The documents required may vary slightly depending on the type of company and legal structure you choose. Here is a list of the basic documents you usually need to establish a company in Dubai as a GCC member:
- Copy of passport: A copy of the passport of each founder or shareholder of the company must be submitted.
- Memorandum of Association: A document that defines the company structure and the activities the company intends to undertake, including financial details and shareholder shares if applicable.
- Application Form: A form containing company information such as its name, type of activity, address, and details of shareholders and managers.
- Address of the company’s social headquarters: Proof of the company’s address in Dubai must be provided, such as a rental contract, water or electricity bill.
- Ownership Certificate: If the company owns the property in which it will be located, it may need a certificate proving its ownership of the property.
- Payment of fees and capital: Registration fees and the required capital must be paid according to the type of company and chosen activity.
- Additional permits and licenses: The company may need additional licenses and permits depending on the type of activity, such as permits from relevant government bodies.
These provide the basic basic documents for incorporation, and it is recommended to contact Itqan Company consultants to obtain precise instructions and customize the documents based on the type and structure of the company you plan to establish.
Would you like to establish a company in Dubai for Gulf nationals?
Do not hesitate to contact our team and one of our experts will assist you in all procedures without requiring you to exert effort or waste time. We will help you accurately establish a company in Dubai for Gulf citizens.
In conclusion, establishing a company in Dubai for Gulf Arabs remains a strategic and successful step that reflects their commitment to investing in a dynamic and advanced business environment. Dubai offers its advanced infrastructure, deep-rooted tax facilities, and continuous government support, making it an ideal destination for business growth and access to global markets. With full company ownership and broad economic diversity, Dubai is a leading investment hub for Gulf Arabs seeking success and sustainability in a growing global market.
Common questions about establishing a company in Dubai for Gulf citizens
Do Gulf nationals need a local partner to establish a company in Dubai?
not necessarily. Gulf nationals can establish some types of companies in Dubai without the need for a local partner, such as limited companies (LLC) which they can fully control.
What are the different types of companies that Gulf nationals can establish in Dubai?
Gulf nationals can establish limited companies (LLC), limited liability companies (LLP), and sole proprietorships, in addition to using free zones and free zones to facilitate establishment and business procedures.
What are the main steps to establish a company in Dubai as a Gulf citizen?
The main steps include choosing the appropriate company type, defining business activities, submitting required documents such as passports and company contracts, and paying applicable fees.
What tax facilities are available to companies in Dubai?
Dubai free zones offer attractive tax facilities, such as no income tax for up to 50 years for companies.