GCC Company Formation Services in Dubai, UAE

GCC Company Formation Services in Dubai, UAE

The Gulf Cooperation Council (GCC) is a set of six Middle Eastern Countries grouped for political and economic partnership.

The council's primary headquarters are in the Saudi Arabian city of Riyadh. This region features some of the world's fastest-growing economies because of a surge in oil and natural gas earnings and an investment boom fueled by decades of petroleum revenue savings. It promotes economic integration through programs like the GCC Common Market, encouraging the free movement of products, capital, and labour among member nations.

Thus, we at Dhanguard pioneer in providing exemplary services and guidance to help you learn how to form a GCC Company in the UAE. Please take a few minutes to read the information below, which our Experts have carefully devised to provide you with the best services.

What is GCC?

Gulf Cooperation Council (GCC), a grouping of six Middle Eastern nations, including Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman, is a political and economic partnership. In May 1981, the GCC was founded in Riyadh, Saudi Arabia. The GCC aims to unite its members based on their shared goals and comparable political and cultural identities derived from Arab and Islamic traditions. Each year, the council's presidency is rotated.

Why Choose Dubai, UAE for GCC Company Formation? 

Dubai, UAE, has consistently emerged as a strategic choice for GCC companies formation. The emirate offers numerous advantages, including:

1. Strategic Location: Dubai bridges the East and West, providing easy access to significant global markets.

2. Tax Efficiency: The UAE boasts a favourable tax environment with no corporate or personal income tax, making it an attractive destination for businesses.

3. Business-Friendly Regulations: The UAE government has implemented pro-business policies encouraging foreign investment, allowing 100% foreign ownership in specific industries.

4. World-Class Infrastructure: Dubai offers world-class infrastructure, including state-of-the-art transportation, communication networks, and modern office spaces.

How to form a GCC Company in the UAE?

Starting a branch of a foreign company in Dubai, UAE, involves a well-defined process, as the UAE has established a business-friendly environment and clear regulations for foreign investors. Here's a step-by-step guide on how to start a GCC company branch in Dubai, UAE:

Market Research and Business Plan:

• Conduct comprehensive market research to understand the need for your products or services in Dubai.

• Develop a comprehensive corporation plan outlining your objectives, strategies, and financial projections.

Legal Structure and Registration:

• Choose the legal structure for your branch. In Dubai, you can set up a branch or a subsidiary.

• Register your branch with the Department of Economic Development (DED) or relevant free zone authority, depending on your chosen location and business activities.

Trade Name and Initial Approval:

• Choose a unique trade name for your branch and get initial approval from the DED or the relevant free zone authority.

• Ensure the proposed name complies with UAE naming conventions and is not already registered by another entity.

Office Space:

• Secure office space in Dubai, which is required for registering your branch.

• The size and location of the office may vary depending on your business activity and the jurisdiction you choose.

Legal Documentation:

• Prepare the necessary legal documents, including the memorandum of association and articles of association, which summarise the structure and objectives of your branch.

• Ensure all documents are notarized and legalized at your home country's UAE embassy or consulate.

Bank Account:

• Open a UAE bank account in the name of your branch. You will need a proper custom license and other legal documents.

It's important to note that the specific necessities and processes may vary depending on the type of corporation and the emirate in the UAE where you plan to establish your business. Consulting with Dhanguard experts in UAE business setup is highly recommended to ensure a smooth and compliant company formation process.

What are the Supporting Documents that you need to maintain?

You must provide the following documents as part of your business license application:

• Your certificate of trademark registration

• Your certificate of preliminary approval

• The applicant's UAE identification card (and passport, if applicable)

• The lease agreement for your company's location

• Suppose you're submitting your license application through a representative. In that case, you'll need a power of attorney signed by a notary public and a representation, such as a photo or a photocopy, of the business signboard bearing the calligrapher's seal and signature and the board measurements.

• If your business needs permission to carry out its economic activity, you'll need a no-objection certificate from the proper government.

• the parent company's home country's business registration or license

• Memorandum and Articles of Association of the Parent Company

• The parent company's board of directors' resolution on the opening of an Abu Dhabi branch

Cost of setting up a GCC Company Branch

The Cost of Setting up a GCC Company may include the following charges:

• The demand for obtaining a commercial license is AED 100.

• The cost of registering a business is AED 100.

• AED 150 per square meter for a signboard

• 25 % service improvement charge + activity fee, commercial activity value

• You may have to pay additional fees depending on your company's economic activities.

GCC Nationals: An Overview of UAE Mainland Company Registration Guidelines

The United Economic Agreement was signed in Riyadh on June 7, 1981, by the Gulf Cooperation Council members (the United Arab Emirates, Saudi Arabia, the Sultanate of Oman, Qatar, Kuwait, and Bahrain). The critical points for founding a GCC firm in Dubai, other parts of the UAE, and other GCC states are outlined in this agreement.

• GCC nationals can register their business as a sole proprietorship or a partnership (given that all partners are GCC nationals). Gulf Cooperation Council (GCC) residents can own 100% of commercial and professional firms.

• A GCC national who wants to start a business with a non-GCC national can only do so through a limited liability corporation, with the UAE national shareholder owning 51% of the shares.

• GCC enterprises with 100% GCC ownership can open branches on the UAE mainland. The Ministry of Economy does not need to be notified about such businesses.

• A person's business activity must be registered with the appropriate customs body. Depending on their license, an entity can register for many services. However, before writing, ensure the item you want to import isn't on the list of prohibited items. Regarding the import of banned commodities, UAE regulations are particularly severe.

Why Choose Dhanguard for GCC Company Formation?

• Expertise: Our team has extensive experience in GCC company formation, ensuring that your business complies with local regulations and operates smoothly.

• Customized Solutions: We tailor our services to meet your unique business requirements, providing a personalized approach to company formation.

• Efficiency: We streamline the process, saving time and effort while ensuring accuracy and compliance.

• Transparent Pricing: We offer competitive and transparent pricing structures so you know exactly what to expect.

• Client-Centric Approach: Your success is our priority, and we are committed to building long-term partnerships with our clients.

Get Started Today!

GCC promotes a feeling of shared identity and heritage among member countries by facilitating cultural and social exchange. The primary goal is to enhance economic, political, and security cooperation among its member states in the Gulf area. Dhanguard is your trusted partner for GCC company formation in Dubai, UAE. We have the expertise, experience, and dedication to help you establish a strong presence in one of the world's most dynamic business environments. We at Dhanguard strive to provide hassle-free and quick solutions and expert suggestions so that you can establish your Branches efficiently. Feel free to check out our website or contact us for speedy assistance!