13 Jul Establishing a company in Dubai for Saudis
Establishing a company in Dubai for Saudis is an investment orientation with strong effectiveness and huge profit returns for Saudi investors, for all sizes and types of companies without exception. Where the city of Dubai hosts thousands of investors annually to establish all investment projects such as trade, manufacturing, services, tourism and other various activities that have found all the support they need to succeed on the land of Dubai.
The UAE government supports the establishment of a company in Dubai for the Saudis and provides the Saudi investor or entrepreneur with the material, environmental, technological success factors and other factors that the investor is looking for to establish a successful business, benefit from material returns and create a global brand. In this article, we discuss the steps to establish a company in Dubai for Saudis and how to open a commercial registry in Dubai.
Steps to establish a company in Dubai for Saudis
Establishing a company in Dubai for Saudis is the same as all companies for other nationalities, which require steps and legal procedures that are carried out through the competent authorities in Dubai, such as the Department of Economic Development in Dubai. The process of establishing a company in Dubai for Saudis includes the following steps:
- Determine the nature of the company’s activity
Companies are characterized by diversified economic activities, Therefore, it is necessary for the Saudi investor to specify an economic activity that expresses the company, whether commercial, industrial, service, agricultural, tourism, or other different activities of companies in Dubai. Therefore, the most important and first step for establishing a company in Dubai for Saudis is to determine the nature of the economic activity that expresses the company to be established in Dubai. .
- Reserve and register the company’s trade name
What distinguishes a company from another company or a commercial license from another? The company’s trade name is what distinguishes one commercial license from another, so a trade name must be chosen that reflects the nature of the activity of the Saudi company to be established in Dubai.
The process of choosing a trade name includes a set of conditions as follows:
- The trade name should reflect the nature of the company’s activity.
- It should not contain the name of a government agency or include the word of God.
- It should not be similar to the name of another company.
- It should be followed by an abbreviation of the legal form of the company.
After choosing a trade name for the company in accordance with the conditions and regulations in Dubai, the trade name is registered. The authority responsible for registering a trade name in Dubai is the Department of Economic Development.
- Determine the legal form of the company
Every economic activity has a legal form, and on the basis of them, the company is established and its own laws are established. This is because the legal form of the company is an important step in the steps of establishing a company in Dubai for Saudis, and it must match the company’s activity, as the legal form of the company determines the laws under which the company will operate in Dubai and there are many legal forms For companies as follows:
- Solidarity companies in Dubai.
- Simple Recommendation Companies.
- Limited liability companies.
- Public joint stock companies.
- Private joint stock companies.
- Commercial representation offices.
- Civil works companies.
- A branch of a local company.
- A branch of a foreign company.
- Free Zone Company Branch.
- Individual Foundation.
- holding company.
- Obtaining the initial approval
One of the steps to establish a company in Dubai for Saudis is to obtain the initial approval for the trade name, activity, and legal form. Some economic activities need the approval of government agencies related to the activity before obtaining the initial approval.
- Memorandum of Association and business agent agreement
Establishing a company in Dubai for Saudis needs to sign the Memorandum of Association and conclude a local service agent agreement, according to the legal form of the company. Below: (civil works company, one person company, A limited liability company, simple limited partnership company, public joint stock company, Solidarity Company, private joint stock company).
- Choosing a business location for the company
Where will you work? Choosing an actual business location for the company is an essential step for establishing a company in Dubai for the Saudis, as it is necessary for each company to have a workplace and to submit a contract documented by the Real Estate Regulatory Authority in Dubai, whether the headquarters is owned or leased.
- Obtaining additional approvals
Not all economic activities are the same, so some activities require additional approvals from the authorities concerned with the nature of the company.
The additional entities are summarized as follows: (Ministry of Foreign Affairs, Ministry of Civil Defence, Ministry of Justice, The Ministry of Economy, Dubai municipality, communication activities, engineering and architecture activities, Dubai Health Authority, Supreme Petroleum Council)
- Receipt of the trade license
Now you have reached the last steps of establishing a company in Dubai for the Saudis, and you can obtain the trade license necessary to start the work, after paying all the fees related to the license and then receiving it from the service centers in Dubai to start officially flagging and registering in the UAE Chamber of Commerce as a member.
What are the documents required to obtain a trade license in Dubai for Saudis?
- Submit the initial approval receipt and all documents submitted previously.
- Submit a copy of the lease contract documentation certificate.
- Availability of the certified articles of incorporation.
- Availability of a service agent appointment contract.
- The approval of other government agencies.
Steps to open a commercial registry in Dubai for Saudis
- Attach the documents previously used to obtain the trade license and send them to the Department of Economic Development in Dubai.
- Pay all commercial license fees within 30 days of the issuance of the payment authorization.
- Registering with the UAE Chamber of Commerce as a member before commencing actual work in the company.
- A commercial license is required in order to open a commercial registry.
- Deposit the value of the required capital in the commercial register data.
- Obtaining the necessary commercial registration to establish a company in Dubai for Saudis.
Need an expert to establish a company in Dubai for Saudis?
It is our pleasure to provide you with a helping hand to establish a company in Dubai for Saudis, through the comprehensive and integrated services that we provide in our company with the help of the strongest team working in the field of establishing companies for different nationalities and providing legal advice.
We are one of the largest companies that provide investment services in Dubai and provide all means of support to our clients. This is because we are distinguished by:
- We have many years of experience establishing different types and sizes of companies in Dubai.
- Our company’s team is trained in legal procedures and transactions with the competent authorities in Dubai.
- Specialized in extracting and renewing all commercial licenses for various activities.
- We are distinguished by quality and clearing all procedures in the fastest time and at the lowest costs.
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At the end of this article on establishing a company in Dubai for Saudis, we would like to have shed light on what you are looking for about the steps to establish a company in Dubai for Saudis, the documents necessary to establish a company in Dubai for Saudis, and the steps to open a commercial registry in Dubai for Saudis.
For more information about establishing a company in Dubai for Saudis, and to request assistance in obtaining commercial licenses and dealing with government agencies to complete all procedures and papers, contact our team now and book your consultation with us.
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