Opening a commercial register in Dubai

Opening a commercial register in Dubai is an essential step for starting commercial activity in the Emirate of Dubai, and it requires compliance with a number of procedures and conditions specified by the local authorities. Itqan Company provides comprehensive services to help entrepreneurs open a commercial register in Dubai with ease.

One of the essential steps in the process of opening a commercial register is choosing the business activity that investors want to engage in, and this activity must be compatible with local regulations. Next, investors must determine the appropriate company form for their business, whether it is a sole proprietorship, limited liability company, or joint stock company.

Other steps in the process of opening a commercial register include specifying the company name and confirming it with the relevant authorities, in addition to submitting the necessary documents such as a passport, a personal photo of shareholders and directors, and other required documents.

Opening a commercial register in Dubai is considered a gateway to starting commercial activity with all legitimacy and ease, and Itqan Company can be the ideal partner to achieve this goal and provide the necessary support to entrepreneurs during this process.

Opening a commercial register in Dubai

To open a commercial register in Dubai , you must follow the following steps:

1. Planning and Research: Conduct a feasibility study to understand the local market and determine the opportunities available and the type of business you want to engage in.
2. Choosing a Business: Determine the business you want to do and make sure it complies with local laws and regulations. You can view the list of activities permitted by the Department of Economic Development in Dubai.
3. Choosing a Legal Partnership: You may need to select a legal partnership structure, such as a sole proprietorship, limited liability company (LLC), or limited partnership.
4. Choosing a trade name: Select a unique and appropriate trade name for your business and ensure its availability and compliance with local laws and regulations.
5. Submitting a registration application: Submit a registration application to the Dubai Economic Development Department or other relevant authority, accompanied by the required documents such as a copy of the passport, a copy of the lease contract, and the completed form.
6. Payment of fees: Pay the fees required to register the commercial registry and obtain the necessary permits.
7. Approval and licenses: After reviewing the application and documents, the commercial registry application will be approved and the necessary licenses to practice your business activity will be issued.
8. Obtaining other licences: You may need to obtain other licences related to your business, such as a building permit or health and safety licence, based on your specific activity.
9. Tax Registration: Register for a Value Added Tax (VAT) number if you have tax obligations.
10. Open a bank account: Open a commercial bank account for your company to manage financial operations and business transactions.

Documents required to open a commercial register in Dubai

To open a commercial register in Dubai , the documents required usually include:

1. A copy of the passport of the employer or general manager.
2. A recent personal photo of the employer or general manager.
3. A letter from the client containing company and work information.
4. A copy of the work site lease contract or rental license.
5. Company registration form containing details of shareholders and company activity.
6. Previous commercial registration certificate if the company is registered elsewhere.
7. A copy of the company’s previous license if it is already existing.
8. A bank report showing the financial capital deposited in the company’s account.
9. Any additional documents required depending on the nature of the company and its activity.

Expected costs of opening a commercial register in Dubai

The costs of opening a commercial register in Dubai vary based on the type of company, location, and services required. However, here are some expected costs to take into consideration:

• Registration fees: Includes company registration fees, work permits, residence permits, and other fees related to establishment and operation. These fees vary based on the type of company and its location.
• Virtual Office Fees: If you require a virtual office or shared office for your business in Dubai, there may be a monthly or annual fee to avail this service.
• Legal and accounting consulting fees: You may need to use the services of legal and accounting consultants to assist in preparing legal and accounting documents and obligations, and this may require additional costs.
• Rental fees and insurance: If you plan to rent a space for your company headquarters in Dubai, you will have to pay a monthly or annual rental fee, in addition to the necessary insurance.
• Professional Services Fees: If you intend to utilize professional services such as logo design, marketing and website design, there may be additional costs for those services.

How to open a commercial register in Dubai

Conditions related to opening a commercial register for foreigners in Dubai

To open a commercial register for foreigners in Dubai, the conditions are usually similar to those required for local citizens, and include at least:

1. Residence permit or work visa: Foreigners must obtain a residence permit or work visa that allows them to conduct business activities in Dubai.
2. Local partnership: In some cases, local authorities may require a local partner in the company, especially in some specific sectors.
3. Compliance with local laws and regulations: Foreign companies must comply with all local laws and regulations related to business activities in Dubai.
4. Payment of fees and costs: Foreign companies must pay the fees required to register the company and obtain the necessary licenses.
5. Approval of the competent government authorities: Some economic activities may require the approval of the competent government authorities before opening the commercial register.

The role of opening a commercial register in Dubai in enhancing the local business environment

Opening a commercial registry in Dubai plays a crucial role in enhancing the local business environment in several ways:

• Boosting the local economy: By opening more businesses, economic activity is enhanced, job opportunities are increased and economic growth is stimulated in Dubai.
• Diversification of the economy: By supporting the establishment of a diverse group of companies in various sectors, the diversification of the economy is promoted and Dubai’s position as a major economic hub is strengthened.
• Attracting foreign investments: By providing a suitable and easy environment for establishing companies, more foreign direct investments are attracted to Dubai.
• Promoting innovation and entrepreneurship: Opening a commercial register in Dubai encourages innovation and entrepreneurship by enabling entrepreneurs and startups to turn their ideas into successful businesses.
• Developing skills and competencies: The process of establishing companies provides an opportunity to develop the skills and competencies necessary to manage and operate the business effectively.
• Promoting healthy competition: By increasing the number and diversity of companies, healthy competition is enhanced in the market, which stimulates continuous improvement and the provision of better quality services and products.

The most important tips and guidance for beginners in opening a commercial register in Dubai

Here are some tips and guidance for beginners who are thinking about opening a commercial registry:

1. Market Study: Study the local market and understand the needs and requirements of potential customers and competitors in the market.
2. Develop an integrated business plan: Develop a business plan that defines your goals, strategy, and implementation plan, and make sure to determine your company’s competitive advantage.
3. Financial and Legal Advice: Consult a lawyer and financial advisor for advice on the legal and financing structure of the company.
4. Adherence to local regulations and laws: Make sure you understand and adhere to all local regulations and laws related to opening and operating a business in Dubai.
5. Choose partners and suppliers carefully: Choose partners and suppliers who have a good reputation and can be relied upon to support your company’s growth.
6. Invest in marketing: Allocate a budget for marketing to increase awareness of your brand and attract more customers.
7. Willingness to change and continually improve: Be prepared to introduce adjustments and improvements to your business based on customer feedback and market developments.
8. Continuous learning: Continue to develop your skills and knowledge in your field of work by reading, attending training courses and participating in relevant events.
9. Patience and endurance: Remember that building a successful company requires time and effort, so do not give up in the face of challenges and continue to work seriously and with determination.
10. Connect with the Business Community: Participate in networking events and join local business associations to build strong relationships and gain support from your industry peers.

In conclusion, opening a commercial register in Dubai is a crucial step for any company that aspires to success and growth in regional and global markets. By cooperating with Itqan Consulting Company, companies can benefit from the experience and support necessary to pass the requirements for opening the commercial register efficiently and effectively.

Dubai has an outstanding reputation as a global business hub, offering an attractive business environment for both local and international companies. In cooperation with Itqan, companies can benefit from these advantages and opportunities available in the thriving Dubai market.

Itqan Company ensures that its clients are guided through all stages of opening a commercial register, from choosing the appropriate legal form to completing the necessary administrative procedures and licenses. Thanks to its extensive experience in the field of business consulting, Itqan helps companies plan and implement strategically to ensure the success of the process of opening a commercial registration in Dubai.

By collaborating with Itqan, companies can benefit from the specialized knowledge and extensive networks that the company provides, enabling them to overcome challenges and achieve their goals in the promising Dubai market.

The most important frequently asked questions about opening a commercial register in Dubai