How to open a commercial register in Dubai

Opening a commercial register in Dubai

Opening a commercial register in Dubai is considered a strategic step for many entrepreneurs and investors, as this step provides important opportunities to achieve success in a dynamic and prosperous economic environment. However, candidates for this step must follow specific administrative procedures and procedures to ensure that the process of opening the commercial register is successful and without legal problems.

One important option that investors should consider is collaborating with local consulting firms such as Itqan. Consulting firms provide specialized assistance and support to individuals and companies wishing to establish and establish their businesses in Dubai. This cooperation enhances the chances of success and reduces risks, due to its extensive experience in this field and its deep knowledge of the legal and regulatory system in Dubai.

Steps to open a commercial register in Dubai include submitting the required documents, such as the business plan and necessary certificates, to the competent authorities. The type of license required and the location of the company’s establishment must also be determined, whether in free zones or on the mainland.

After submitting the necessary documents and information, they are reviewed by the competent authorities and the final commercial license is issued. The new company must also register with the tax and health insurance authorities and apply for residence visas if necessary for its employees.

How to open a commercial register in Dubai

Opening a commercial register in Dubai requires following a series of legal and administrative steps. Here are basic steps to open a commercial registry in Dubai:

1. Determine the type of company: Before starting the incorporation process, the investor must determine the type of company he wants to create, such as a sole proprietorship, limited liability company, or joint stock company.
2. Choosing a company name: You must choose a unique name for the company and ensure that it has not been used by another company. The company name must comply with local laws and be appropriate to the planned business activity.
3. Submitting the required documents: The necessary documents must be submitted to the local authorities, such as the business plan, passport, and necessary certificates according to the type of company chosen.
4. Obtaining approvals and licenses: After submitting the documents, they are reviewed by the competent authorities and the final commercial license is issued.
5. Registering the company in the commercial registry: The new company must register itself with the commercial registry and the tax authorities to be legal and compliant with local tax legislation.
6. Insurance and other licenses: Some companies may require additional licenses or health insurance for employees, and these requirements must be adhered to.
7. Application for residence visas: If the company needs employees from abroad, applications for residence visas must be submitted to them according to the specified regulations.

Individuals should consult a legal advisor or business professional to ensure that all necessary procedures are followed and compliance with local legislation in Dubai.

Ways to establish a company in Dubai

In order to be able to establish a company in Dubai , you must first take the steps imposed by the Dubai Economic Development Authority for anyone who wishes to own a company or invest in the Emirate of Dubai, which are as follows:

• Determine the economic activity of the company you wish to open
• Identify all parties in the company, indicating the percentage of gain and loss and the capital ratio
• Choose a trade name for your company
• Apply for the initial approval certificate
• Choosing the company’s location and preparing papers proving ownership of the place or if it has been rented
• Finally, he must obtain a commercial license so that you can practice your activity

Requirements for opening a commercial register in Dubai

In order to open a commercial register in Dubai, investors must adhere to several conditions and requirements in accordance with local laws and regulations. Here are some basic conditions:

1. Partnership with an Emirati citizen: Normally, a foreign investor must partner with an Emirati citizen in opening the company, according to the Foreign Ownership Law.
2. Determine the work activity: You must determine the work activity that the company will perform and ensure that it is compliant with local permits and regulations.
3. Obtaining the necessary licenses: Some economic activities carried out by the company may require obtaining additional licenses from local authorities, such as building, health, or safety licenses.
4. Commitment to financial conditions: The investor must provide the required capital according to the type of company to be created.
5. Submitting the necessary documents: The investor must submit the required documents, such as the business plan, passport, and necessary certificates according to the type of company.
6. Compliance with tax regulations: The company must comply with local tax regulations and register itself with the tax authorities.
7. Compliance with Labor Laws: If employing employees, the company must comply with local labor laws and provide a safe and healthy work environment.

Investors should consult the experts of Itqan Company and benefit from its extensive experience in this field in order to ensure that all the correct local conditions and requirements are followed and to facilitate the process of successfully opening the commercial register.

Ways to establish a company in Dubai

Investing in Dubai

Investing in Dubai is considered one of the most prominent topics that attract attention at the local and international levels. The Emirate of Dubai, being a developed and diversified investment destination, provides attractive opportunities for investors from different sectors and nationalities. This paragraph will provide a comprehensive and detailed overview of investing in Dubai and its benefits.

1. Diversity of investment opportunities in Dubai: These opportunities include the financial, real estate, tourism, technological and commercial sectors. Thanks to economic diversification and rapid technological development, Dubai is full of multiple investment opportunities that suit different interests and needs.
2. Advanced Infrastructure: Dubai’s advanced infrastructure is one of the most important factors for attracting investment, with advanced facilities such as ports, airports, roads and logistics facilities, which provide a business-friendly environment.
3. Flexible investment policies: Dubai adopts flexible and innovative investment policies that encourage foreign investment, ensuring investment protection and facilitating administrative procedures for investors.
4. Technological development and innovation: Dubai strives to be one of the most prominent smart cities in the world, creating an ideal environment for investment in the fields of innovation and modern technology.
5. Diverse and vibrant community: Dubai’s diverse and vibrant community is an added attraction for investors, as multiple cultures and cultural exchange can be leveraged to develop businesses and expand social and business networks.

In short, investing in Dubai represents an exciting opportunity for investors looking for a dynamic and advanced investment environment. Relying on advanced infrastructure and flexible investment policies, Dubai investment is a strategic choice to achieve success and achieve profitable returns.

Reasons to invest in Dubai

Many people seek to establish a company in Dubai, or start investing in the Emirate of Dubai, for many reasons, which are as follows:

1. Dubai is considered one of the countries that has different living conditions, and this encourages investment there, regardless of your budget and financial ability to start your own project, as the cost of establishing companies varies from one class to another.
2. According to what was reported about the residential density in Dubai, and that it is considered one of the countries with high population density, this has made it in constant need of more different projects that serve the community.
3. The Dubai government’s support for investors and those wishing to start their own business in Dubai must be taken into account, by facilitating all the services and needs required to establish a business for them.
4. Dubai is known for its many trade and industry events, including the largest event in the world, Expo 2021.
5. Dubai is interested in education and health, in addition to its safety, which has made it one of the most suitable countries to invest in, in addition to permanent development in terms of developing services and means of transportation.
6. The speed of providing government services makes establishing companies easy and quick. You can open a company within a week and obtain a commercial license within a day.
7. Dubai gives you the opportunity to obtain residency, which gives you many advantages, including traveling to European countries, entering the Gulf countries without the need for an entry visa, while establishing a company in Dubai gives you residency there for 3 years. If your activity is important to society and useful, this increases your chance of obtaining residency. A large permanent residence permit in the commercial registry in Dubai.

Advantages of investing in Dubai

A company in Dubai, and starting a lot of businesses and activities within Dubai because it is one of the countries that many investors seek to invest in, due to the prosperity of industry and trade in it and the rise of the economy there.

In addition to its distinguished location, modern transportation, and security stability, Dubai has many advantages that attract many businessmen to invest in it. Despite this, owning a company or establishing a business in Dubai requires special conditions that have been set by the Dubai Economic Development Authority, including the necessity Obtaining a commercial license and registering a commercial registry.

The Commercial Registration and Licensing Sector at the Department of Economic Development in the Emirate of Dubai provides many services to investors and those wishing to engage in economic activity in Dubai, including the procedures, steps and complete information you need to conduct the activity, and the legal rules that suit each category.

Requirements for opening a commercial register in Dubai

There are several requirements that every investor must adhere to in order to take accurate and successful steps in opening a commercial register in Dubai, or you can contact the experts of a leading Itqan Company, one of the pioneers in the field of investment in the Emirates, as these requirements are represented in the following lines:

Initial approval

This is considered the first step in issuing a commercial license in Dubai, as it allows the customer to complete all procedures in other government departments by requesting electronically through the Dubai Economy website, the smart application, or visiting Dubai’s outsourcing centers.

Obtain a trade name

After the step of obtaining initial approval, you can reserve the trade name available for the trade license through the website or visit the Economic Service Center in Dubai, or you can also reserve the trade name before initial approval.

Obtaining a commercial license

After obtaining initial approval and reserving the trade name, the customer can submit an application for a trade license through the website or visit the economic service centers in Dubai.

License renewal

This is done via text messages and writing the license number in it, and the Department of Economic Development will respond to you with a payment authorization for the renewal, or through its website. In order for all legal procedures and forms to be completed, the following documents are required:

Collecting and submitting the documents required to obtain licenses in Dubai is a crucial step in the process of opening a commercial register. Here is a list of basic documents that may be required, which should be submitted depending on the type of company and business activity:

• Business Plan: A document that outlines the company’s goals, marketing and sales plans, and financial projections. The plan must be integrated and logical to convince stakeholders of the feasibility of the investment.
• Passport: A copy of the passport of the investor or general manager, and in some cases copies of passports of other partners may be required.
• Academic and professional certificates: In some cases, local authorities may require academic or professional certificates for the investor or key employees.
• Proof of Address document: This may include utility bills such as electricity or water or rental contracts as a document proving the address of the planned business location.
• Health Certificates: In some sectors, health certificates may be required for investors or employees.
• Professional certifications or permits: Some economic activities may require special permits or professional certifications, such as technical licenses or building permits.
• Legal documents for the company: This is a copy of the company contract or social charter, which is the document that defines the structure of the company and the rights and obligations of the partners.
• Bank certificates: It may be necessary to open a local bank account and provide bank certificates to confirm the availability of the required funds.
  This is a basic list, and investors should check the exact requirements with relevant authorities and local advisors to ensure the correct documentation is collected and submitted in accordance with local laws and regulations in Dubai.

Places where you can provide the service of opening the commercial register in Dubai 

You can provide commercial registration opening services in Dubai through several different locations and destinations, including:

Department of Economic Development in Dubai The Department of Economic Development in Dubai is the main source for providing commercial registration opening services. You can visit one of DED’s branches or use its online services, in addition to business centers in free zones: Free zones in Dubai, such as Jebel Ali Zone, Dubai Investment Zone, and Dubai Technology and Media Zone, offer commercial registration opening services for companies that want to benefit from the facilities. Financial and administrative provided.

In addition, you can obtain the opening of a commercial register through Itqan Company, which provides all consultations and provides appropriate solutions for investment in Dubai, as well as all services related to opening the commercial register, which is part of its comprehensive services for businesses.

In conclusion, cooperation with Itqan Company stands out as a vital step in the journey of opening a commercial register in Dubai. It represents the partner who provides the necessary support and guidance during every stage of this important business process. With its extensive experience and deep understanding of local laws and procedures, Itqan facilitates the path to success.

Itqan Company provides customized consulting and innovative solutions to meet the needs of each client. Whether it is advising on the appropriate legal structure, guiding the client through the document preparation process, or even facilitating communication with official authorities in Dubai, Itqan remains the trusted partner who makes things run smoothly.

Frequently asked questions about how to open a commercial register in Dubai