Business Setup Company in Dubai – Company Formation Consultants UAE

Business Link UAE Logo
Business Link UAE Logo

Dual Ownership

dual

Request a free Consultation

Consent

Set up your company in the UAE and branch out to the KSA

The only thing better than owning one company is owning two! Dual ownership is an interesting opportunity offered within UAE and KSA to foreign investors looking to invest in both of GCC’s investment hubs. The service provides you with the chance to establish a new company in UAE after which you can expand and open a branch in KSA.

This unique business setup option allows for immense recognition of your brand, along with the chance to create two sources of income!

Though the process is slightly lengthier due to the involvement of two companies in two countries, with Business Link, you get to experience immense ease and enjoy the end result in UAE and KSA. If you’re interested in opening up a business in UAE and then establishing a branch office in Saudi Arabia, keep on reading!

Benefits of owning a business in UAE and KSA

It’s a given that two businesses will bring forth an immense amount of benefits to you as an investor, but let’s take a deeper look into what these benefits are;

  • Under some circumstances, depending on the business activity, 100% foreign ownership of your company in UAE and KSA is permitted.
  • UAE and KSA have business jurisdictions that are investor-friendly and cater to various different activities. These jurisdictions have regulations that were put in place to benefit start-ups as well as larger corporations.
  • Profitable opportunity to do business in two of the most powerful economies in the GCC.
Free Consultation

Documents required for company formation in UAE and KSA

Since this process builds your entrepreneurship journey from the ground up both in UAE and KSA, it involves less paperwork in the beginning. Here are some of the company registration requirements you should be aware of;

  • Passport Copy
  • UAE residence visa or National ID
  • Power of Attorney that permits Business Link to take over carry out your tasks on your behalf (Format of the PoA will be provided by Business Link).

Things to keep in mind

  • The dual ownership company type is only permitted to cover service-oriented business activities.
  • The business activities cannot be associated with trading in any way. This includes retail, wholesale, selling, import and export, auctions and supply.

Process of setting up in UAE and branching out to KSA

As your trusted business setup advisors, once hired, we take up your entire setup process in both UAE and KSA to guarantee a stress-free experience for you! Here is how we manage your process;

  • Step 1: Looking for and purchasing an existing company in the UAE, that’s free from any legal issues and financial accountabilities.
  • Step 2: Revising and registering trade name and business activities for the new business in UAE, as per the client's request
  • Step 3: You are required to provide us with a Power of Attorney that is addressed to our KSA team.
  • Step 4: Drafting company resolution to establish a branch in KSA.
  • Step 5: Issuing an audit report which will be used internally to establish a branch in KSA.
  • Step 6: Attestation of necessary documents in the Saudi Embassy and MoFA in UAE.
  • Step 7: Reserving a trade name for the branch office.
  • Step 8: Registration of all documents of the parent company in the Saudi Embassy and MoFA.
  • Step 9: Courier all documents to Business Link KSA
  • Step 10: Attestation of necessary documents at the Saudi Embassy and MoFA in KSA.
  • Step 11: Registration of the branch office in KSA.
  • Step 12: Applying for SAGIA license.
  • Step 13: Clearing license fees in KSA.
  • Step 14: Submit a registration application to the Chamber of Commerce and make the required payment.
  • Step 15: Assisting in the activation of the Chamber of Commerce, once the manager's Iqama is complete.
  • Step 16: Registering the company in the Ministry of Human Resource and Social Development (MOHRS).
  • Step 17: Registering the company in ZAKAT (tax authority) and General Organization for Social Insurance (GOSI).
  • Step 18: Registration of company local office address.
  • Step 19: Registration of corporate bank account (Riyadh Bank).
  • Step 20: Providing company stamp and company mobile number.
  • Step 21: Issuance of license.

As a team of dedicated professionals who aim to deliver the best, we ensure to be ever involved with your business setup process to make the entire experience seamless for you! With Business Link, no dream is too far off to be achieved, give us a call and let us be your #linktosuccess.

Calculate business setup cost