Establishing a company in Dubai for Gulf nationals requires adherence to some legal procedures and requirements. The first important step is to choose the type of company you want to establish, such as a wholly owned local company or a limited joint stock company. After that, the company registration application must be submitted to the relevant authorities in Dubai, submitting all required documents, such as personal identification, basic company documents, and important contracts.

Dubai is considered one of the most prominent destinations for Gulf Arabs seeking to establish their own companies, in addition to the city providing a vibrant business environment full of opportunities, along with many advantages that make it an ideal destination for business in the region. In this article, we will shed light on the procedures for establishing a company in Dubai for Gulf nationals, and the basic steps that must be taken, and through this article we will talk about how to establish companies for Gulf nationals in Dubai.

Steps to establish a company in Dubai for Gulf citizens

In order to establish a company in Dubai for Gulf citizens, some legal procedures must be taken in accordance with the regulations and conditions of the country to establish the company properly and officially. The procedures are represented in the following legal steps:

Determine the nature of the activity

Determining the nature of the activity of the company to be established is considered the first step in establishing a company in Dubai for Gulf citizens, which is considered the cornerstone upon which the rest of the procedures will be built.

There are three main types of activities: commercial activity, industrial activity, or professional activity, and sometimes there is a fourth activity, which is tourism activity.

Determine the legal form

There are several legal forms for companies, such as: (a joint liability company, a limited liability company, a public joint stock company, a private joint stock company, a civil works company, a branch of a Gulf company or a local company, a branch of a foreign company, a branch of a free zone company, a sole proprietorship), and the form is determined. Legal according to the nationality of the company owners and the type of activity to be established

Trade name registration

Establishing a company in Dubai for Gulf nationals requires choosing a distinctive trade name for the company and registering it with the competent authorities under a set of conditions imposed by the Department of Economic Development, such as: The name should not contain inappropriate words, reflect the commercial form of the company, should not be similar to the name of another activity, and should not contain the word “God.” Or derived from the name of a government entity.

Obtain initial approval

Obtaining initial approval for the commercial activity from the competent authorities, along with choosing the workplace on which the company’s business will be carried out in Dubai, whether by rent or purchase, but there must be an actual headquarters that must have licenses and comply with the conditions in accordance with the regulations.

Approval of the authorities concerned with the company’s activity

Some activities require additional approval from the authorities responsible for those activities, such as: the Ministry of Economy, the Ministry of Foreign Affairs, the Ministry of Justice and the Ministry of Civil Defense.

Obtain the license

1. The last steps for establishing a company in Dubai for Gulf citizens is to receive the commercial license after attaching the required documents, submitting them to the Department of Economic Development, and paying the fees for the license.
2. Then register in the Emirates Chamber of Commerce as a member and then begin practicing the company’s commercial activity.

For more information about establishing a company in Dubai for Gulf citizens, do not hesitate to contact our team of experts at Itqan Company.

Documents necessary to establish the company in Dubai for the Gulf

There are several contracts and documents that are submitted to the competent authorities, and these are part of the procedures for establishing a company in Dubai for the Gulf . Here is a list of key contracts and documents you may need:

• Company incorporation document: Documenting the company’s details, such as its name, activity, headquarters, and capital, while specifying the rights and obligations of shareholders and company members.
• Company system: defining the company’s internal procedures, such as distributing profits, appointing management, and company meetings, and defining the powers and powers of both management and shareholders.
• Partnership Agreement: Specifying the rights and obligations of each partner in the company, in addition to determining each partner’s shares in profits and losses.
• Company incorporation contract: Specifies the details of the company incorporation process, including choosing the type in addition to legal registration.
• Employment contracts: Employment contracts for executives and key employees, in addition to specifying salaries, benefits, and other conditions of employment.
• Founding agreements: If there are multiple founders, this agreement can specify the rights and obligations of each of them and determine ownership percentages.
• Leases: If you need office or commercial space, you will need a lease with the appropriate terms and conditions.
• Purchase contracts: If you are purchasing assets such as equipment or other property, purchase contracts will be required.
• Power of Attorney Agreements: If you intend to appoint agents or representatives for your company, you will need power of attorney agreements. Make sure that all these contracts and documents comply with local legislation and regulations in Dubai and the UAE. You may need the assistance of a business lawyer in order to ensure the authenticity and legality of the documents prepared.

Determine the commercial activity to establish a company in Dubai for Gulf nationals

When establishing a company in Dubai for Gulf nationals, a suitable business activity must be selected according to the needs of the market and local laws. Here are some business ideas that Gulf Arabs can choose from:

1. Import and export: The company can specialize in importing and exporting various products and goods, whether food, industrial, or electronic.
2. General Trade: A company can deal in a variety of products and services, such as retail, wholesale, and distribution.
3. Consulting and Financial Services: Establishing a consulting or financial services company that provides services such as financial and investment consulting, and asset management.
4. Information and communications technology: Establishing a technology company that provides software development services, web design and development, and communications solutions. You can also choose a commercial activity for construction and civil engineering in terms of establishing a company working in the field of construction and civil engineering, and providing building, construction and engineering design services.
5. Renewable energy: investing in renewable energy projects such as solar and wind energy, and providing consultations and services in this field.
   Education and Training Establishing an educational institute or training center that offers educational and training courses in a variety of fields.
6. Health and medical care: Providing health and medical care services such as hospitals, medical clinics, or home health services. You can also choose a business activity in hospitality and tourism in terms of establishing a company in the field of hotels and restaurants, or providing tourism and travel services.
7. Industrial manufacturing: Establishing a company in Dubai to produce various products, such as food, plastics, or chemicals.
   Gulf nationals should choose based on their experience, skills, and interests, in addition to evaluating local market demand and ability to compete in the chosen industry. When determining a commercial activity, you must ensure that it complies with local laws and legislation and obtain the necessary licenses from the relevant authorities.

Advantages of establishing a company in Dubai for Gulf citizens

The methods followed by Itqan Company have many advantages for establishing a company in Dubai for Gulf citizens. It comes with many features and benefits, and among these features are:

• Advanced infrastructure: Dubai has advanced infrastructure and modern facilities that support business, which facilitates the process of establishing a company and operating it efficiently.
• Distinctive strategic location: Dubai is located at the intersection of major trade routes between East and West, making it an ideal place to expand business and trade in the Middle East, North Africa and Asia.
• Liberal Investment Policies: Dubai is a favorite place for businessmen thanks to its liberal investment policy and open business laws to foreigners.
• Flexible legislation: The private sector in Dubai enjoys flexible and convenient legislation that supports trade and investment and facilitates procedures for establishing companies.
• Diversified Economy: Dubai’s economy offers a diverse range of financial and economic sectors, giving businesses the opportunity to thrive in different fields such as tourism, retail, technology, and energy.
• Government Facilities: The Dubai government offers a wide range of facilities and support to businesses, including tax exemptions, dedicated financing, training programs, and logistical assistance.
• Strong legal structure: Dubai provides a strong legal structure and a reliable judicial system, which ensures the protection of the rights of investors and companies and increases the level of confidence in the business environment.

At the conclusion of our article, we talked about establishing a company in Dubai for Gulf nationals by seeking the help of Itqan Company, through which you will receive comprehensive support that includes accompanying and guiding experts in the field of establishing companies in Dubai. Itqan’s specialized work team will help you choose the appropriate type of company and provide the necessary advice on legal and administrative procedures.

Itqan Company’s role is not limited to providing initial consultations, but extends to the stage of implementing the necessary steps and communicating with the relevant authorities to ensure the smooth establishment of the company in accordance with local requirements.

The most frequently asked questions about establishing a company in Dubai for Gulf nationals