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Opening a commercial register in the Emirates for Saudis

Investment laws in Dubai

١١ مارس Opening a commercial register in the Emirates for Saudis

Opening a commercial register in the UAE for Saudis represents a very important strategic step for Saudi investors seeking to expand their commercial activities and exploit the wide opportunities available in this dynamic Gulf country. The UAE has a strong reputation as a global investment destination thanks to its advanced business environment and leading economic climate characterized by stability and continuous development.

The UAE is an ideal environment for business thanks to the advanced infrastructure that supports all economic sectors, including real estate, tourism, retail, and technology. It is also characterized by liberal economic policies and flexible investment laws that greatly contribute to attracting foreign direct investments. These factors contribute to making the UAE a preferred destination for international companies and foreign investors looking for a stable and favorable business environment.

When Saudi investors decide to open a commercial register in the UAE , they benefit from access to a large and diverse consumer market, in addition to opportunities for expansion into regional and international markets. In addition, the UAE provides a supportive business environment that encourages innovation and growth, which contributes to enhancing competitiveness and achieving economic success.

Opening a commercial register in the Emirates for Saudis requires adherence to local legal and administrative procedures, such as obtaining the necessary licenses and registering the company with the competent government authorities. With good planning and proper advice, Saudi investors can achieve sustainable success and enhance their presence in regional and international markets across Dubai and the UAE.

Opening a commercial register in the Emirates for Saudis

Opening a commercial register in the Emirates for Saudis

The importance of opening a commercial register in the Emirates for Saudis

Opening a commercial register in the Emirates for Saudis represents a strategic step of great importance given the broad opportunities and advantages that this Gulf country offers as an international center for business and trade. Investing in the UAE is an attractive option for Saudi investors for several important reasons:

1. A developed investment environment
The UAE enjoys a developed investment environment that embraces innovation and technological development, making it an ideal station for establishing and operating businesses. Advanced infrastructure, advanced financial services, and global business standards provide a conducive environment for startups and large corporations alike.

2. Access to regional and international markets
Opening a commercial register in the Emirates provides Saudi investors with easy access to a large consumer market in the Emirates itself, in addition to opportunities for expansion into regional and international markets. Companies in the UAE can be a base to explore opportunities in regions such as the Middle East, North Africa and Asia.

3. Facilitating administrative and legal procedures
. The UAE enjoys easy government policies and flexible laws that facilitate the procedures for establishing and operating companies. Saudi investors can obtain the necessary licenses and register their companies quickly and efficiently, reducing the costs and risks associated with establishing a business.

4. Diversification and expansion of investments
By opening a commercial register in the Emirates, Saudi investors can diversify their investment portfolio and increase the investment opportunities available to them. The UAE can be a platform for investments in various sectors such as real estate, hospitality, and technology, helping to promote corporate growth and increase financial returns.

Ways to open a commercial register in the Emirates for Saudis

Ways to open a commercial register in the Emirates for Saudis

Ways to open a commercial register in the Emirates for Saudis

Opening a commercial registry in the United Arab Emirates represents a strategic investment step for Saudi investors who want to exploit the advanced commercial environment and broad opportunities offered by this dynamic Gulf country. Opening a commercial register provides the opportunity to enter a thriving market and benefit from advanced infrastructure and investment policies that stimulate economic growth. Here are the ways to open a commercial register in the Emirates for Saudis:

1. Choosing the business activity and partners
Before starting to open a commercial register, the Saudi investor must determine the business activity to be carried out and determine the appropriate type of company (sole proprietorship, limited liability company, joint stock company, etc.). The possibility of partnering with local partners should also be studied if necessary.

2. Choosing a company name and ensuring its availability:
The investor must choose a suitable name for the company and ensure its availability with the relevant authorities in the Emirates. A name must be chosen that complies with local regulations and laws, and this can be verified by the relevant authorities.

3. Determine the location and head office
The investor must determine the company’s main location in the Emirates, which can be in a free zone or in a specific commercial area depending on the chosen business activity. The office must align with the operational and marketing needs of the company.

4. Obtaining the necessary licenses:
The Saudi investor must obtain the necessary licenses and permits from the competent government agencies, such as the Ministry of Commerce and Industry, the Federal Customs Authority, the municipality, and any other relevant authorities depending on the company’s activity.

5. Registration in the Commercial Registry and Taxes
After obtaining all necessary licenses and approvals, an application for registration in the Commercial Registry in the Emirates is submitted. The Saudi investor must ensure compliance with all local tax regulations and register the company with the local tax authority if there is a need to do so.

Advantages of opening a commercial register and investing in Dubai

Opening a commercial register and investing in Dubai represent two important strategic steps for investors seeking to benefit from the vast opportunities offered by this dynamic Gulf emirate. Thanks to its advanced economic environment and liberal investment legislation, Dubai attracts many investors from all over the world. Here is a topic that highlights the advantages of opening a commercial register and investing in Dubai :

Advantages of opening a commercial register in Dubai

1. Advanced investment environment
Dubai has an advanced and stimulating investment environment that attracts entrepreneurs and investors. Dubai has a modern and advanced infrastructure that supports all economic sectors, which facilitates the process of establishing and operating companies with high efficiency.

2. Strategic location and access to global markets
Dubai is located at the intersection of the world between East and West, making it a hub for international trade and investment. Its strategic location and the presence of the large Dubai International Airport and Jebel Ali Cargo Port allow easy access to global markets.

3. Facilitating investment laws and legislation
Dubai’s investment laws are among the most advanced and liberal in the region. These laws allow investors to obtain full legal protection and encourage innovation and economic growth.

4. A wonderfully diverse and cultural community
Dubai has a diverse community of cultures and nationalities, making it a lively and diverse environment. This diversity enhances innovation and contributes to enriching experiences and business opportunities.

Advantages of investing in Dubai

1. Accelerated economic growth
Dubai’s economy is witnessing rapid growth in several sectors such as real estate, hospitality, trade, and technology. This growth provides great opportunities for attractive long-term investment returns.

2. Advanced Infrastructure
The Dubai government is investing heavily in infrastructure development, which includes airports, ports, roads and communications. This advanced infrastructure supports business growth and facilitates international trade.

3. Advanced financial and banking services
Dubai includes a wide range of global financial and banking services, providing investors with all the tools and platforms necessary to manage their businesses efficiently and effectively.

Steps to open a commercial register and establish a company in the Emirates

Opening a commercial register and establishing a company in the Emirates is a gateway to investment in an advanced and stimulating economic environment, as the Emirates has a strong reputation as a global investment destination that attracts entrepreneurs from various sectors and nationalities. Steps to open a commercial register and establish a company in the Emirates

1. Determining the type of company and its commercial activity
The first crucial step required by the process of establishing a company in the Emirates is to determine the type of company appropriate for the business activity to be carried out, whether it is a sole proprietorship, a limited liability company, a joint stock company, or a company in a free zone.

2. Choosing a company name and confirming its availability:
The investor must choose a suitable name for the company and ensure its availability and compliance with local laws, by verifying the availability of the chosen name in the Department of Economic Development or the Ministry of Trade and Industry.

3. Preparing the necessary documents
After determining the type and name, the necessary documents are prepared such as the Memorandum of Association and Articles of Association, appointing the founders and determining the shares if the company is a joint-stock company.

4. Submitting the application and obtaining the necessary approvals:
The incorporation application must be submitted to the relevant authorities in the specified emirate, and this includes paying the applicable fees and submitting the required documents. The application is reviewed and all conditions and requirements are met before final approval is granted.

5. Registration in the commercial registry and obtaining licenses
After approval, the company is registered in the local commercial registry and the necessary licenses are obtained from the competent authorities such as the municipality, the Federal Customs Authority, and any other entities related to the company’s activity.

6. Opening a company bank account
The final step involves opening a dedicated bank account for the company in a local bank, where the capital is deposited and the actual business begins.

Costs of establishing a company in the Emirates

Establishing a company in the UAE requires careful planning and appropriate financial preparation to cover the various costs that arise from this process. Choosing the right type of company and the right emirate is crucial to estimating total costs.

Costs of establishing a company in the UAE
1. Commercial activity licensing costs:
Commercial activity licensing is considered one of the basic points in the costs of establishing a company in the Emirates. Licensing costs vary according to the type of activity and the emirate, and an application is required to be submitted to the competent authorities and the required fees must be paid.

2. Costs of preparing legal documents.
These costs include preparing the necessary legal documents such as the Memorandum of Association and Articles of Association. Some companies may require a local attorney to assist them with this process, which increases the cost.

3. Core Capital
Investors must provide core capital for the company according to the type of company and legal requirements in the UAE. The amounts required may vary depending on the type of activity and the selected emirate.

4. Costs of registration in the commercial registry
Once the conditions are met and the application is successfully submitted, investors will incur the costs of registration in the local commercial registry of the emirate, including paying fees and costs related to registration.

5. Office and work space rental costs The
incorporation process may require renting an office or work space to the company, depending on the type of activity and the company’s requirements. Rental costs vary based on location, area and emirate.

6. Costs of obtaining the necessary licenses and permits.
Some commercial activities carried out by the company may require special permits or additional licenses from the competent government authorities. Investors must bear the costs of obtaining these licenses and permits.

The role of our company in opening a commercial register in the Emirates for Saudis

In conclusion, opening a commercial register in the Emirates in cooperation with Itqan Company represents a strategic and decisive step for Saudi investors who seek to benefit from the advanced economic environment and broad opportunities in the Emirati market. Thanks to cooperation with a specialized company such as Itqan, investors can overcome administrative and legal challenges efficiently, which helps them accelerate the process of settling in the market and starting business smoothly.

Itqan Company provides comprehensive support to investors by providing the necessary consultations, facilitating the establishment and registration processes, and assisting in providing the necessary information about the market and local legislation. This contributes to creating a positive business environment and increasing opportunities for success and growth in the UAE.

Thus, opening a commercial register in the Emirates for Saudis in cooperation with Itqan Company is a fruitful and favorable option that opens the doors of opportunities and challenges for investors to make the most of the strong and developed economy in the United Arab Emirates.

Frequently asked questions about opening a commercial register for Saudis

What are the basic steps to open a commercial register in the UAE as a Saudi citizen?

  • Determine the type of company suitable for your business (sole proprietorship, limited liability company, etc.).
  • Choose a name for the company and ensure its availability.
  • Preparing and signing the Memorandum of Association and Articles of Association.
  • Submit the application to the Department of Economic Development in the emirate in which you plan to establish the company.
  • Pay the fees required to register the company.
  • Providing the necessary documents, such as a passport, personal photo, and proof of address.

Can Saudis fully own and operate their own companies in the UAE?

Yes, Saudis can fully own and operate their own companies in the UAE after adhering to local laws and legislation. This requires the availability of a local Emirati partner (equivalent to 51% of the company’s share in some cases) if the company is not located in a free zone.

In which emirates can Saudis open their companies?

Saudis can open their companies in any of the seven emirates, such as Dubai, Abu Dhabi, Sharjah, Ajman, Ras Al Khaimah, Fujairah, and Umm Al Quwain, based on the type of activity and local requirements.

What are the necessary licenses that must be obtained to operate the company in the UAE?

  • Commercial activity license from the Department of Economic Development.
  • A license based on need, such as a building permit or a professional license.
  • Special permits for various activities such as e-commerce or special industrial activities.

What tax and economic advantages do companies in the UAE enjoy?

The UAE has a beneficial corporate tax policy, as there is no income tax for most companies. In addition, there are facilities for foreign ownership of real estate in certain areas, and the existence of free zones that provide customs exemptions and other facilities.