Opening a commercial register in the Emirates for Saudis

Opening a commercial register in the Emirates for Saudis is an important investment step that requires careful study and follow-up procedures to obtain the necessary licenses. The UAE is characterized by a developed and flexible investment environment, which makes it a preferred destination for many entrepreneurs from different countries, including the Kingdom of Saudi Arabia. Establishing a commercial registry in the Emirates opens the door for Saudis to explore available economic opportunities and develop their work in a supportive and advanced commercial environment.

The UAE is considered one of the most prominent business destinations in the world, as it enjoys advanced infrastructure, easy commercial laws and regulations, and a transparent and reliable judicial system. In addition, the UAE is characterized by wide economic diversity, which includes many sectors such as real estate, trade, financial services, and creative and technological industries.

If you are a Saudi who wishes to open a commercial register in the UAE, you must be prepared to adhere to the procedures and requirements set by the local authorities. You must first choose the business activity you want to practice, and determine the appropriate legal structure for your business, whether it is a sole proprietorship, partnership, or joint stock company.

Then, you must select the company name and ensure that it does not conflict with the names of other companies in the commercial registry. Next, you must submit the required documents, which may include a passport, a copy of the social contract (if the company is a partnership or joint stock company), a business plan, and financial estimates.

After submitting the documents and paying the required fees, the application is processed and the necessary licenses are issued, including a trade permit, municipal license, and other industrial licenses as needed. You should be aware that there are precise requirements that vary from one emirate to another in the UAE, so it is best to consult a legal advisor or business specialist to ensure full compliance with local laws and regulations.

Documents required to open a commercial register in the Emirates for Saudis

The United Arab Emirates is considered one of the most attractive investment destinations in the Middle East, as it provides a favorable and encouraging business environment for investors of various nationalities, including Saudis. Opening a commercial register in the Emirates is an important investment step for Saudis wishing to explore business opportunities and expand their commercial activity in this country, which is home to many thriving economic sectors.

Visa and Residency: Before anything else, a Saudi person needs the appropriate visa to work or reside in the UAE. Visa requirements can change depending on the type of business proposed and the type of company one wishes to open.

Establishing a company: The Saudi resident needs to specify the type of company he wishes to establish, such as a sole proprietorship, a limited liability company, or a one-person company. After that, he must go to the Department of Economic Development in the emirate in which he wishes to establish the company to obtain the necessary approvals and submit the required documents.

Required Documents: Basic documents required usually include:

• Valid passport.
• Personal Photos.
• Business plan or document describing business activity. Opening conditions
• Criminal certificate from Saudi Arabia.
• Proof of residence in the UAE, such as a rental contract or residence permit.
• Registration application form.

Registration and licensing fees: Registration and licensing fees applicable in the relevant emirate must be paid.

Review and Approval: After submitting all documents and paying the fees, the relevant authorities will review them and conduct the necessary examination. If approved, the necessary licenses to open the company will be issued.

Commercial Registry and Taxes: After obtaining licenses, the company is registered in the local commercial registry and registered for tax purposes.

Steps to open a commercial register in the Emirates

Steps to open a commercial register in the Emirates

Opening a commercial register in the UAE is a crucial step for individuals who aspire to start or expand their businesses in this thriving country. The UAE enjoys a developed and encouraging investment environment, as opening the commercial register is considered an essential step to benefit from the business opportunities and strong economic development witnessed by the country. Through this article, we will take an overview of the basic steps to open a commercial register in the UAE, which will help individuals and companies understand the necessary procedures and requirements to start working in this dynamic and evolving market.

Steps to open a commercial register in the Emirates :

• Planning and research:
  Before starting the process of opening a commercial register, business owners must conduct a comprehensive feasibility study to understand the local market and the needs of potential customers. This is a critical first step in determining the type of business, ideal location, and strategies needed to market products or services.
• Choice of legal form:
  The UAE offers multiple options for business formation, including a sole proprietorship, a one-person company, a joint-stock company, and a limited liability company. Business owners must choose the legal form that best suits their business activity and needs.
• Choosing a company name:
  Business owners must choose a unique and distinctive name for their company, in line with the laws of the emirate in which the company is established. The availability of the name is usually verified by the relevant government agencies.
• Submitting the application:
  After choosing the legal form and specifying the name of the company, those seeking business must submit an application to open a commercial register with the competent government authority, which depends on the type of commercial activity and the emirate in which the company will be established.
• Fulfilling the requirements:
  Once the application is submitted, applicants will be directed to complete the necessary requirements, such as submitting legal documents, paying the required fees, and signing the necessary agreements.
• Receiving the license:
  After all requirements are met and government authorities approve, a commercial registry license will be issued, allowing the company to start doing business legally.

Reasons to invest in the UAE

The United Arab Emirates enjoys a distinguished position on the global stage as an attractive investment destination for many investors, whether individuals or international companies. This is due to several factors that make the UAE one of the most important investment destinations in the world. Through this introduction, we will overview some of the most important reasons why investing in the UAE is a desirable and promising option for investors.

• Political and economic stability:
  The UAE enjoys a stable political and economic environment, with a strong governance system and strong financial institutions. This stability creates a favorable environment for business and enhances confidence among investors.
• Economic Diversification:
  The UAE is striving to diversify its economy away from its previous dependence on oil and gas. Thanks to the diversification of economic sectors such as tourism, technology, and trade, investors are provided with wide-ranging investment opportunities.
• Advanced infrastructure:
  The UAE has an advanced infrastructure, which includes modern international airports, advanced sea ports, and interconnected road networks. This infrastructure supports businesses and facilitates access to regional and global markets.
• Flexible investment policies:
  The UAE government adopts flexible investment policies aimed at encouraging foreign direct investment, by providing attractive financial and tax incentives, and simplifying administrative procedures.
• Modern and transparent laws:
  The UAE is working to implement modern and transparent laws that protect the rights of investors and ensure market regulation and combating corruption, making it a safe and reliable environment for investment.

The role of our company in opening a commercial register in the Emirates for Saudis

In conclusion, opening a commercial register in the Emirates for Saudis in cooperation with Itqan Company is considered a strategic and promising step that deserves serious consideration. This opportunity provides Saudi investors access to one of the most emerging and dynamic markets in the MENA region.

In cooperation with Itqan Company, Saudi investors can benefit from local experience and knowledge in the Emirates, facilitating the process of opening a commercial register and accelerating administrative procedures. The company can also provide support and assistance in all basic stages such as planning, choosing the appropriate legal form, fulfilling legal requirements, and facilitating communication with the relevant government agencies.

In this way, Saudi investors can make the most of the business opportunities available in the UAE, and build successful and sustainable projects in a stimulating and innovative business environment. In the end, opening a commercial register in the UAE is an important investment step that may open new horizons and multiple opportunities for growth and expansion for Saudi investors.

Frequently asked questions about opening a commercial register in the Emirates for Saudis