Advantages of opening a commercial register in Dubai

What is the commercial register in Dubai?

Dubai is considered one of the most prominent economic centers in the world, attracting investors from all over the world to establish companies and businesses. A commercial register in Dubai is one of the basic and necessary steps for establishing companies and transacting legally and legitimately in the emirate. In this guide, we will comprehensively explore how to establish a commercial registry in Dubai and the requirements needed to do so.

A commercial registry in Dubai is a registry in which commercial institutions, companies, and craft businesses based in the Emirate of Dubai are registered. The Commercial Register is an official reference for companies and facilitates legal and commercial verification and auditing.

Advantages of opening a commercial register in Dubai

There are many advantages provided by opening a commercial register in Dubai, which make it a favorite destination for entrepreneurs and investors. Among these features:

• Advanced investment environment: Dubai is considered one of the most attractive cities for businessmen and investors in the world, as it provides an advanced investment environment full of promising opportunities.
• Diversity of economic sectors: Companies in Dubai can operate in a variety of economic sectors such as trade, real estate, tourism, technology, financial services, and industry.
• Flexible laws and regulations: Dubai has flexible laws and regulations that support the efficient construction and operation of companies, making administrative procedures less complex and more effective.
• Advanced infrastructure: Dubai is characterized by an advanced infrastructure that includes ports, airports, roads, and communications, which facilitates access to regional and global markets.
• Easy access to the global market: Thanks to its strategic location, companies in Dubai can easily access global markets, enhancing opportunities for international trade and global expansion.
• Advanced financial and banking connectivity: Dubai provides an advanced banking and financial environment that supports commercial and investment activities with a variety of financial and banking services.
• Advantageous tax facilities: Companies in Dubai enjoy attractive tax facilities, as the emirate does not impose taxes on personal or corporate income (except for some specific sectors).
• Political and Social Stability: Dubai enjoys political and social stability, creating a security environment conducive to business and investments.
  In short, opening a commercial register in Dubai provides investors and entrepreneurs with a set of competitive advantages that make it an ideal destination for establishing and operating companies.

How to open a commercial register in Dubai

Establishing a commercial register in Dubai requires following specific procedures and adhering to local laws and regulations. Here are general steps to establish a commercial register in Dubai:

• Choosing a work activity: Determine the work activity you would like to practice, and make sure that it is compatible with local regulations in Dubai.
• Choosing the legal form of the company: You can choose between several types of legal structures such as limited company, partnership, or sole proprietorship, based on your business needs and financial orientations.
• Determine the company name and ensure its compliance with local laws: You must choose a unique name for your company and ensure that it is not similar to the names of other registered companies.
• Determine the business location: Determine the location where you will conduct your business in Dubai.
• Obtaining the necessary licenses: The required licenses depend on the business activity and differ in terms of type and conditions.
• Preparing the required documents: Prepare and submit the required documents to the competent authorities in Dubai, such as government agencies and centers concerned with company registration.
• Registration and payment of fees: After completing the required papers and documents, submit the registration application and pay the related fees.
• Receiving the commercial license: After your application is approved and the fees are paid, you will receive a commercial license that allows you to conduct business in Dubai.
• Adherence to tax and accounting controls: Make sure to adhere to local tax and accounting controls to avoid legal problems in the future.

By completing these steps, you can obtain a commercial registration in Dubai and start successfully conducting your business in this vibrant commercial emirate.

Opening a commercial register in Dubai

The paperwork required to open a commercial register in Dubai varies slightly depending on the type of company and business activity you intend to engage in. However, here is a general list of documents that are often requested in the company registration process in Dubai that helps speed up the procedures in obtaining the opening of a commercial register for your profession quickly:

• Registration Application Form: The registration application form must be filled out with company and shareholder information and details of the proposed business activity.
• Copy of passport for major shareholders: A certified copy of the passport must be submitted to all major shareholders of the company.
• Company contract or articles of association: A copy of the company contract or articles of association must be submitted, which defines the company’s structure and method of management.
• Proof of business location: A document proving the chosen business location must be submitted, such as a lease or confirmation letter from the building owner.
• Business Plan: Some local authorities in Dubai may require a detailed business plan outlining the company’s goals and plans for growth and expansion.
• Personal photographs: You may need personal photographs of the major shareholders and authorized directors of the company.
• Experience certificate: Some government authorities may require an experience certificate for some commercial activities.
• Authorization to sign (if necessary): If you intend to have a specific person sign on your behalf, you may need a formal authorization.

Opening a commercial register in Dubai

Opening a commercial register in Dubai

At the conclusion of our article, we talked in detail about opening a commercial register in Dubai, which represents a crucial step for individuals and companies who want to benefit from the business opportunities available in this vibrant and economically growing country. Dubai provides a suitable investment environment that attracts investors from all over the world, in addition to being considered one of the most prominent global destinations for business and trade.

You can use Itqan Company and benefit from the expertise of our specialists to enhance your business, because Itqan Company is considered one of the companies that includes an integrated work team characterized by great experience in this field, which makes it one of the leading investment companies in the Emirates. When you choose our company, it will represent the first choice for all investors in the Emirates.

Frequently asked questions about the advantages of opening a commercial register in Dubai