The cost of establishing a company in Dubai for Saudis

In light of the rapid economic development and increasing investment opportunities in the United Arab Emirates, Dubai is emerging as one of the most prominent global centers for business and investment, making it an ideal destination for Saudis looking to establish their companies there. Although establishing and managing companies may be a challenge for some, Dubai provides a stimulating investment environment supported by clear policies and institutions that support businesses. In this article, we will take a look at the cost of establishing a company in Dubai for Saudis , pointing out the necessary steps and expected expenses, in addition to the available investment opportunities and challenges that investors may face during this process.

The cost of establishing a company in Dubai for Saudis

Establishing a company in Dubai represents an important strategic step for Saudis wishing to exploit the investment opportunities available in the United Arab Emirates, especially in the Emirate of Dubai, which is considered a major business center in the region. Here is an overview of the cost of setting up a company in Dubai for Saudis:

Cost of licenses and registration

To establish a company in Dubai, you need to obtain a license from the local authorities, and this requires paying a licensing fee that varies depending on the type of company and economic activity. The registration cost also includes fees for submitting the necessary documents and approvals.

Administrative costs

These costs include renting an office or work space, which can be high in prime business areas such as Deira and Al Barsha. And the costs of administrative and consulting services if necessary, such as legal and accounting services.

Necessary capital

Establishing a company in Dubai requires capital, which is determined based on the type of company, and this amount may vary depending on the conditions of the regulatory authorities. This also includes paying fees for legal and administrative services to assist in preparing the necessary contracts and agreements.

Annual taxes and fees

It must comply with tax obligations and annual fees that may vary depending on the type of company and the emirate.

There are additional costs in that the establishment process may involve additional costs such as certification fees, translation of documents, etc. The costs of establishing a company in Dubai vary based on several factors, so it is important to consult the Itqan Company team of specialists before starting the process, to ensure full compliance with legal and financial requirements and to reduce additional unexpected costs.

Advantages of establishing a company in Dubai for Saudis

Establishing a company in Dubai provides Saudis with many advantages and investment opportunities, including:

• Advanced investment environment: Dubai is considered one of the most prominent global centers for business and investment, providing broad opportunities for growth and expansion in various economic sectors.
• Ease of administrative procedures: The process of establishing companies in Dubai is simple and efficient, with easy registration and licensing procedures that support Saudis and other foreign investors.
• Liberal Laws: Dubai has liberal investment laws that encourage business and protect the rights of investors, making it an attractive place for startups and medium-sized companies.
• Access to the regional and global market: Thanks to its strategic location and advanced infrastructure, companies in Dubai can easily access the Gulf region and other global markets.
• Advanced infrastructure: Dubai has an advanced infrastructure of airports, ports and logistics networks, which facilitates transportation and distribution operations for companies.
• Economic Diversity: The Dubai market has great economic diversity that includes many sectors such as trade, industry, financial services, technology, tourism, and others, which provides various investment opportunities.
• Government Facilities: The UAE government provides a range of facilities to new companies and investors, including government programs for support, financing, and assistance with expansion.

In short, establishing a company in Dubai provides Saudis with the opportunity to benefit from a developed investment environment, with an encouraging legal and administrative structure, and access to global markets, making it an ideal destination for startups and medium-sized companies looking for growth and expansion.

How to establish a company in Dubai for Saudis

Establishing a company in Dubai for Saudis requires following several steps and procedures, and here are the most prominent steps that can be followed:

1. Choosing the type of company: You must determine the type of company you wish to establish, whether it is an individual company, a limited liability company (LLC), a public or private joint-stock company, according to the proposed business activity and financial requirements.
2. Choosing a trade name: You must choose an appropriate trade name and ensure that it complies with the laws of the emirate and does not conflict with the names of other registered companies.
3. Determine the location and main office: The company must be located and obtain a lease contract for the main office, which can be in a free zone or in any commercial location within the emirate.
4. Determine the capital and shareholders: The necessary capital for the company and the positions of the shareholders must be determined, including obtaining their signatures on the necessary contracts and documents.
5. Arranging legal documents: This requires preparing the necessary legal documents such as approvals and agreements necessary for registration and licenses.
6. Registration in the Commercial Registry: After preparing all documents, they are submitted to the relevant government agencies in Dubai to obtain registration in the Commercial Registry and obtain the necessary licenses.
7. Obtaining licenses and approvals: After registering the company, there may be additional steps to obtain the necessary licenses depending on the company’s activity, such as an industrial, commercial, or services license.
8. Registration with other government agencies: Some companies may need to register with other government agencies, such as the Dubai Financial Services Authority or the Media Regulatory Authority, depending on their economic activity.
9. Opening a bank account: The company must open a bank account in an accredited local bank in Dubai, and submit the required documents to ensure compliance with financial requirements.
10. Compliance with tax and legal obligations: The company must ensure compliance with all tax and legal obligations in Dubai, including annual tax reporting and compliance with labor and social insurance laws.

In short, establishing a company in Dubai requires a precise and organized process that includes preparing the necessary documents, adhering to legal and administrative procedures, and communicating with Itqan Company to ensure the successful registration of the company and the start of business in a legal and orderly manner.

Advantages of establishing a company in Dubai for Saudis

Opening a bank account to establish a company in Dubai for Saudis

Opening a bank account for a company in Dubai for Saudis is considered a basic and necessary step to start doing business in a legal and orderly manner. Here are the detailed steps to open a bank account to establish a company in Dubai:

1. Choosing a bank: Before starting the process of opening a bank account, the company must choose the appropriate bank that meets its needs, such as banking services, fees, and terms of available accounts.
2. Preparing documents: A set of documents necessary to open the account must be prepared, which usually includes a copy of the passport of the main shareholders and managers. A copy of the residence permit (if available).
3. Signature and statement: Company officials and authorized persons must sign the application form to open the bank account, and this may require the presence and attestation of a registration certificate.
4. Visiting the bank branch: Opening a bank account usually requires visiting the chosen bank branch, where the necessary documents and information are submitted, and the necessary verification procedures are performed.
5. Initial deposit: Some banks may require an initial deposit to open the account, and this varies from one bank to another, so you must carefully check the requirements of each bank.
6. Processing the application: After submitting the necessary documents and procedures, the bank processes the application and opens the company’s bank account.
7. Receiving the bank card and electronic services: Once the account is opened, a bank card is issued to the company and internet banking services are activated that enable the company to manage its account easily and flexibly.

Banks in Dubai provide advanced and diverse corporate banking services, facilitating the process of managing money and financial transactions efficiently. It is necessary to communicate with the chosen bank in advance to precisely specify the required documents and ensure that all steps are carried out correctly and efficiently

In conclusion, establishing a company in Dubai represents an important and exciting opportunity for Saudis to benefit from an advanced and diverse investment environment. Dubai provides foreign investors, including Saudis, with an advanced legislative and economic environment that facilitates establishment and economic growth. Thanks to its advanced infrastructure, liberal laws, and diversified economy, Dubai is an ideal destination for startups and medium-sized companies seeking to expand and succeed on a regional and global level.

Frequently asked questions about establishing a company in Dubai for Saudis