Establishing a company in Dubai for Saudis, opening a company in Dubai is an important strategic step for Saudis seeking to expand their business and invest their resources in a distinguished commercial environment. Dubai enjoys an excellent geographical location and modern infrastructure that makes it a global commercial center that attracts investors from all over the world. The investment opportunities available in Dubai are diverse and include many sectors such as technology, financial services, real estate, and retail, providing Saudis with multiple options to establish their own projects. The procedures required to establish a company in Dubai are relatively simple, but they require a thorough understanding of local laws and regulations. Saudi investors must be aware of the legal and administrative requirements to ensure that the process runs smoothly. This includes choosing the appropriate type of company, whether it is a limited liability company, a branch of a foreign company, or a representative office. In addition, it requires preparing the necessary documents such as passports, ID copies, lease contracts, and business plans. Itqan Company provides integrated services to Saudi investors wishing to enter the UAE market, as it provides legal advice and assistance in preparing the required documents, in addition to supporting investors during all stages of the establishment process, which facilitates their achievement of their business goals and helps them avoid potential obstacles. The success of Saudi investors in Dubai depends on the proper guidance and specialized services provided by the company Mastery makes it the perfect partner on this journey.

Basic requirements for establishing a company in Dubai for Saudis

Establishing a company in Dubai is an important strategic step for Saudis seeking to invest in a thriving economic environment full of opportunities. Dubai enjoys a distinguished geographical location and advanced infrastructure that makes it a global business hub. With the increasing number of investors from all over the world, it has become necessary to understand the basic requirements and procedures necessary to establish a successful company in this vibrant city. Dubai provides a flexible and diverse legal environment for foreign investors, including Saudis, who have the ability to fully own companies in free zones or in partnership with Emirati citizens in onshore areas. Therefore, knowing the basic requirements for establishing a company in Dubai helps investors take thoughtful and effective steps to achieve their business goals. Basic requirements for establishing a company in Dubai for Saudis

• Choosing the type of company: Investors must determine the type of company they wish to establish, whether it is a limited liability company, a branch of a foreign company, or a representative office.
• Determine the business activity: The business activity that the company wants to practice must be determined, as each activity requires a special license.

Preparing legal documents: A set of documents must be provided, including:

• Valid passport.
• Recent photo.
• Office lease (can be obtained after choosing the location).
• Preparing a business plan: It requires preparing a clear business plan that includes the company’s goals, marketing and financial strategies.
• Submitting applications: The necessary applications must be submitted to obtain a commercial license, and this can be done online or through the offices of the competent authorities.
• Obtaining licenses: After reviewing the application, the required licenses must be obtained from government agencies such as the Department of Economic Development or the relevant free zone.
• Opening a bank account: A bank account must be opened in the name of the company after completing the incorporation procedures.
• Employee Registration: If the company is going to hire employees, they must be registered in the labor system and obtain the necessary work permits.

These requirements are the basic steps that Saudis must follow to establish a successful company in Dubai, and with the cooperation of Itqan Company, this process can be simplified and facilitate the achievement of the desired business goals.

Tax benefits of setting up a company in Dubai

Dubai is one of the world’s leading destinations for setting up businesses, attracting investments from all over the world thanks to its unique economic environment and the facilities provided to foreign investors. Tax benefits are one of the key factors that make Dubai an attractive choice for businesses, as it provides a flexible tax environment that enhances opportunities for growth and prosperity. Therefore, understanding the tax benefits of setting up a company in Dubai is a vital step for investors who want to exploit the great potential offered by this emirate, whether through free zones or companies on the mainland. With no personal income tax and low corporate tax, Dubai contributes to creating a business-friendly environment focused on achieving success and profitability. Tax benefits for setting up a company in Dubai

• No personal income tax: Dubai is one of the few places in the world that does not impose a personal income tax, which provides a great advantage to individuals working in companies and enhances the ability to maintain savings and investments.
• 0% Corporate Tax: Many free zones in Dubai offer a complete exemption from corporate tax, which means that companies do not need to pay any tax on their profits, which contributes to increased financial returns.
• Long-term tax exemptions: Dubai offers long-term tax exemptions, which can extend to periods of up to 50 years in some free zones, giving investors confidence in their long-term investments.
• No Sales Tax: There is no sales tax in Dubai, making it easier for businesses to make profits without having to worry about additional costs when selling products and services.
• Double Taxation Avoidance Agreements: The UAE has agreements with several countries to avoid double taxation, which means that foreign investors can avoid paying double taxes on their income in their home countries and in the UAE.
• Ease of tax registration procedures: Dubai provides simplified and smooth tax registration procedures, helping businesses comply with tax requirements without any hassle.
• Transparent Tax System: Dubai’s tax system is transparent, which enhances confidence among investors and helps them better plan for the future of their businesses.

In short, the tax benefits of setting up a company in Dubai enhance its position as an attractive investment destination, which contributes to supporting individuals and companies wishing to enter the global market and achieve success.

Our company’s role in establishing a company in Dubai

Establishing a company in Dubai for Saudis is a strategic step that contributes to enhancing commercial activity and expanding the scope of business in an environment rich in investment opportunities. The continuous support provided by Itqan Company makes it easy for Saudi investors to overcome the challenges associated with the establishment process and ensures a smooth and effective experience. Dubai is a global business center characterized by diversity and innovation, which enhances the possibility of success of new commercial projects, as it provides a modern infrastructure and a growing market that allows investors to benefit from the positive economic climate in the Emirates. To achieve the desired success, Saudis must plan well and clearly define their business goals and work to choose the type of company that best suits their needs, in addition to investing time and effort in studying the market, understanding the competition, and discovering modern trends in the field of business. The journey of establishing a company includes a set of administrative and legal steps that require proper guidance and professional assistance. Here comes the importance of cooperating with Itqan Company, as it provides the necessary expertise and accurate guidance to complete the required procedures effectively. This enhances the chances of success and allows investors to focus on developing and growing their businesses. In the end, establishing a company in Dubai for Saudis represents an invaluable opportunity that enhances their ability to compete in global markets and opens up new horizons for growth and expansion in the business world. Accelerating, therefore, choosing Itqan Company as a partner in this journey is a smart move that ensures achieving the desired business goals.

Frequently asked questions about establishing a company in Dubai