Establishing a company in Dubai for Saudis is one of the most important investments that Saudis are looking for. This is because of the attractive factors that Dubai has for investment and the free zones that are considered a fertile environment for investors.
The UAE provides all facilities for Saudis who wish to establish a company in Dubai for Saudis. In the following lines, we will discuss the requirements and steps for establishing a company in Dubai for Saudis.
How to establish a company in Dubai for Saudis
There are a number of requirements that must be taken into account before starting any activity in the UAE and before establishing a company in Dubai for Saudis, including the following:
- There is a clear feasibility study for the project.
- Choose an appropriate trade name that expresses the activity.
- Completing the required licenses and papers.
- Choose a workplace that has all licenses.
- Obtaining the commercial license for the activity.
Procedures for establishing a company in Dubai for Saudis
- Submitting all required papers and documents to the competent authorities, which is the Department of Economic Development.
- Pay the fees for obtaining the commercial license within thirty days from the date of submitting the application for the license.
- Registering the company in the UAE Chamber of Commerce and obtaining membership.
- Opening a commercial register for the company after receiving the commercial license.
- Provide all information regarding the company’s capital in the commercial registry.
- The validity of the commercial license begins from the day the payment authorization is issued.
- There is one payment authorization for all procedures related to obtaining a commercial license.
Tips for establishing a company in Dubai for Saudis
Before thinking about establishing a company in Dubai for Saudis, there are some tips that should be followed if you are thinking about investing in Dubai in order to get the best results from your investment, and they include the following:
- Conducting a feasibility study for investment activity.
- Consult economic specialists in the activity before starting it.
- Do not borrow money to start investment activity.
- Not putting the total capital into the project and keeping part of it.
- Do not expect to make money at the beginning of the business and accept losses.
If you need to know more about establishing a company in Dubai for Saudis, you can contact us and one of our experts will assist you in all procedures without requiring you to make an effort or waste time.