Dubai provides numerous golden opportunities, especially when it comes to establishing a company in Dubai for Saudis. Investors from the Arab Gulf countries enjoy significant support that helps them establish many projects and achieve high-profit returns within a short period of time. This includes various types of activities, whether it’s trading, manufacturing, tourism, and more. Tasyeir company can assist you in swiftly completing the necessary procedures.
Establishing a Company in Dubai for Saudis
Despite the opportunities provided by the Emirate of Dubai, if you want to establish a company in Dubai for Saudis, you need to follow the steps with the help of our specialized team. These steps include:
Determine the Business Activity
The first step is to choose the economic activity you wish to engage in from the available options in the emirate.
The chosen activity will determine the subsequent steps.
Register the Company Name
The name should reflect the company’s business activity and be morally appropriate.
The name should not be similar to any other company.
The commercial name should not include any references to divinity or official entities.
The commercial name should be followed by the appropriate legal abbreviations.
Determine the Legal Form
Options for legal forms include:
- Private joint-stock companies.
- Holding companies.
- Branches of foreign companies.
- Commercial representation offices.
- Public joint-stock companies.
- Dubai cooperative companies.
- Simple recommendation companies.
- Branches of local companies.
- Sole proprietorship.
- Free zone branch companies.
- Limited liability companies.
Obtain Initial Approval
Obtaining initial approval covers more than half of the procedures.
It involves approval of the trade name, the chosen legal form, and the economic activity.
However, certain activities may require additional approvals from other authorities before receiving initial approval.
Draft the Memorandum of Association
You need to prepare a notarized Memorandum of Association or a service agent agreement, depending on the chosen legal form.
Company Location
You must provide proof of a physical office for the company by submitting the official documents related to the lease or ownership, duly attested by the Dubai Real Estate Regulatory Authority.
Obtain the Commercial License for Establishing a Company in Dubai for Saudis
To start operating the company, you need to obtain a commercial license, which is the final step in establishing a company.
This requires payment of all the required fees, determined based on the company’s activity.
Once all the procedures are completed, you can visit any Dubai Economic Department center to collect the license.
By following these steps, you can establish a company in Dubai for Saudis.
Steps to Open a Commercial Register for Establishing a Company in Dubai for Saudis
The commercial register is essential to start operating, and if you want to establish a company in Dubai for Saudis, you can obtain it by following the following steps:
- Submit all the required documents in collaboration with the Dubai Economic Department.
- Pay the applicable fees after obtaining the payment authorization.
- Register with the relevant chamber of commerce in the United Arab Emirates as a member before commencing operations.
- Obtain the commercial license.
- Deposit the required capital into the company’s bank account.
Types of Licenses for Establishing a Company in Dubai for Saudis
There are a variety of options available for companies that any Saudi investor can choose from and establish in Dubai.
These types include:
Limited Liability Company (LLC)
This is a popular choice, especially among Gulf investors.
It allows 100% ownership and can have up to 50 shareholders.
It is suitable for small to medium-sized companies.
Partnership
This type is used when multiple individuals participate in the ownership and managerial responsibilities of the company.
Sole Proprietorship
In this type, a single individual is responsible for the entire management and is the sole owner.
Representative Office
This is a type of company established by a foreign company within Dubai to promote its services or products on a wider scale.
Free Zone Companies
These are companies established within the numerous free zones in Dubai, which now amount to 24 zones.
They offer various advantages such as tax exemptions and 100% ownership.
Branch Office
When a foreign company based outside Dubai allows a Saudi investor to establish a branch within the emirate to advertise its products, this type of company is chosen.
Tasyeir company is the Hope of Tomorrow
We have mentioned the details of establishing a company in Dubai for Saudis, as it has become a land of opportunities and dreams for many investors. Consequently, a large number of individuals join it annually due to the benefits it offers them. Moreover, there are specialized companies that assist in the process of establishing new companies, with Tasyeir Company being one of the prominent ones. They provide you with full support throughout the day.
