Dubai is one of the most attractive global cities for business and investment. It has a developed infrastructure, a favorable legislative and economic environment, and a distinguished strategic location linking the East and the West. In order to attract investors and encourage them to establish their businesses in Dubai, the emirate provides simple and transparent procedures for opening the commercial register.
Opening a commercial register in Dubai is not just an administrative procedure, but rather the beginning of the journey of entrepreneurship and building success. Through this article, we will take a look at the basic steps that must be followed to open a commercial register in Dubai, including the necessary legal requirements and administrative procedures. We will also explore some tips and strategies that can contribute to the success of your business in this dynamic and competitive market.
Dubai offers diverse opportunities for investors, whether they are SMEs or large multinational companies. By understanding and adhering to the steps necessary to open a commercial register, investors can exploit the promising opportunities offered by this leading economic destination in the world.
What is the commercial register in Dubai?
The Dubai Commercial Register is a register that contains information about companies and businesses registered in the Emirate of Dubai in the United Arab Emirates. The Commercial Registry is managed by the Dubai Business Regulatory Authority (DED), which is responsible for regulating and developing the commercial sector in the emirate.
The commercial register includes information such as the company name, type of business activity, company location, date of incorporation, shareholder or legal officer information, and other important details. The Commercial Register is an official source of information about companies and businesses in Dubai.
By registering with the Commercial Registry, a company becomes officially recognized and registered with the local government, giving it the legality and legitimacy to do business in Dubai. Registration in the commercial registry also allows obtaining the necessary licenses and permits to practice commercial activities in a legal and orderly manner.
Advantages of opening a commercial register in Dubai
Investors resort to establishing a company in Dubai and opening a business account because of the advantages that accrue to them, and we review some of these advantages in the following points:
- The city of Dubai is characterized by a distinctive strategic location linking East to West.
- Dubai is one location for investments and is rapidly developing as a global market.
- Dubai is characterized by tremendous development and investment opportunities.
- Diversity of investment opportunities, the most prominent of which is commercial investment.
- Speed of business and project growth in the short term.
- Dubai has a strong, world-class, rapidly developing and high-quality infrastructure.
- Many advantages while staying in Dubai.
- Dubai enjoys economic and industrial growth in all fields.
Opening a commercial register in Dubai
If you are planning to start your business in Dubai, the first step you should take is to open a commercial register. Opening a commercial register in Dubai is an essential and necessary process for the law, as it allows you to conduct business legally in the emirate. This process requires several steps, including submitting the required documents, paying the necessary fees, and determining the appropriate location for your business.
In addition to complying with local legislation and legal regulations. Therefore, opening a commercial register in Dubai is a crucial step that opens the doors of opportunities and paves the way towards building a successful and sustainable business in this leading economic destination.
Steps to open a commercial register in Dubai
There are some steps that must be followed when starting work on opening a commercial register in Dubai, which we have summarized for you in several points. Here are the most important steps for opening a commercial register in Dubai.
- Obtaining approval: Approval must be obtained through which all procedures related to the client are completed in the relevant government departments, by requesting electronically or visiting the pledge centers.
- Obtaining the trade name: Reserve the trade name available for the trade license through the website or by visiting the Economic Service Center in Dubai. The name can also be obtained before initial approval.
- Obtaining a commercial license: Submit an application to obtain a commercial license through the website or by visiting the Economic Service Center in Dubai.
- Renewing the license: via text messages and writing the license number in it, and the Economic Service Department will respond to you with the payment authorization for the renewal or through the website.
If you need to own a company in Dubai and are looking for an agent to help you open a commercial register in Dubai accurately, you can contact us at Itqan and one of our experts will assist you in all procedures without requiring you to make an effort or waste time.
Legal requirements for establishing companies in Dubai
Establishing companies in Dubai is subject to local legislation and legal regulations. Here are some basic legal requirements for establishing companies in Dubai:
- Choosing the type of company: Investors must determine the type of company they want to establish, whether it is a sole proprietorship, a joint stock company, or a limited liability company, according to the needs and objectives of their business.
- Determine business activity: Investors must determine the scope of their business activities, including the type of business they wish to practice in Dubai.
- Choosing a company name: A name must be chosen that is unique and not similar to the names of other existing companies, and must be in line with local regulations.
- Determine the location of the company: Investors must determine the location in which they wish to establish their business, whether it is in a free zone or outside it.
- Submitting the required documents: The required documents must be submitted according to the type of company to be established, such as the original copy of the articles of incorporation, personal certificates for shareholders and directors, an identity verification form, and others.
- Payment of fees: Investors must pay the fees required to register the company and obtain the necessary licenses.
- Compliance with local legislation: Investors must comply with all local legislation and regulations related to establishing and operating companies in Dubai, including tax, labor and commercial regulations.
Investors are encouraged to open a commercial registry in Dubai by Itqan Consulting Company to ensure full compliance with legal requirements and avoid potential problems in the future.
How to obtain an establishment permit and the necessary licenses
To obtain the establishment permit and necessary licenses for your organization, you must follow the following steps:
- Study local laws and regulations: Research and learn about the local laws and regulations that regulate the activity of your organization. You can obtain this information from government agencies responsible for regulating businesses in your country.
- Determine the type of license required: Do you need a general commercial license, a specific professional license, or an industrial license? Select the type of license that suits your organization’s activity.
- Preparing the necessary documents: Prepare all the documents required to obtain the license, such as application forms, certificates, financial documents, and any other documents required according to local laws.
- Submitting the application: Submit the application for the permit and licenses to the relevant authority, and make sure to attach all the required documents and fill out the forms correctly.
- Wait and follow: After submitting the order, it may take some time to process it. Monitor the status of your application regularly and provide any additional information if requested.
- Obtaining approval and permit: If your application is approved, you will receive the necessary permit and licenses. Make sure to read the conditions and instructions attached to the permit, and adhere to them fully.
- Compliance with terms and regulations: Adhere to all terms and regulations related to your organization’s activity, and ensure that licenses are renewed regularly in accordance with specified requirements.
Don’t forget to consult Etqan Company for assistance in this process, especially if local laws are complex or if you are experiencing any difficulties in obtaining the necessary permits.
Procedures for opening a commercial register in Dubai
To open a bank account for your company in Dubai, you can use Itqan Company, which helps you achieve the necessary steps, which are represented in the following steps:
- Choosing the right bank: Research and explore different banks in your area and compare their services, fees, and requirements. Choose the bank that best suits your company’s needs and provides convenient banking services.
- Preparing the necessary documents: You usually need to submit some documents to open a company account, such as:
- A copy of the official incorporation document (such as the incorporation certificate or company contract).
- A copy of the official document appointing directors or commissioners.
- Identity details of legal officials and authorized persons.
- Company address and address confirmation document.
- Visit the bank branch: Visit the chosen bank branch and meet with an employee to open the account for your company. You may be asked to fill out forms and provide necessary documents.
- Providing Personal Information: You will also need to provide some personal information to legal officials or authorized persons to open the account.
- Signing Contracts and Agreements: Once the account opening request is accepted, you will need to sign account contracts and agreements with the bank.
- Providing funds for the initial deposit: You may be asked to deposit a certain amount of money as an initial code to open the account.
- Account activation: After completing all steps, submitting documents, and signing contracts, the company’s bank account will be activated.
Do not forget to inquire with our company about any fees or conditions related to the account before opening it, and make sure you understand all the terms and conditions related to the banking services you obtain.
Legal requirements for establishing companies in Dubai
Establishing a company in Dubai
Establishing a company in Dubai in cooperation with Itqan is considered a strategic and important step in the business world. Dubai, as one of the fastest growing and most dynamic cities in the world, offers an ideal environment for startups and medium-sized businesses. By benefiting from Itqan’s experience and guidance, the establishment process can be facilitated and the company directed towards success. In addition to the distinguished business environment in Dubai, a partnership with Itqan can provide advice and guidance at every step, from market analysis and opportunity assessment, all the way to establishing the legal and institutional structures necessary to start the business. By leveraging Etqan’s experience and taking advantage of Dubai’s dynamic business environment, sustainable success and increased growth can be achieved for the company.
How to choose the right company type for your business
Choosing the right type of company for your business depends on several factors, including financial projections, legal liability, number of shareholders, and local legislation. There are several main types of companies, including:
- Sole Proprietorship: Managed by one person who is responsible for all business and debts.
- Partnership company: managed by a group of people who share responsibility, profits and losses.
- Limited Liability Company (LLC): This structure provides protection for shareholders’ personal assets and reduces their personal liability.
- Public joint stock company (public or closed): Public joint stock companies can raise capital by selling shares to the public, while closed joint stock companies are limited to a small number of shareholders.
- Limited Liability Company (Ltd.): It provides protection for shareholders and reduces personal liability, and the conditions for its establishment and operation vary from one country to another.
It is also recommended to consult with Itqan, in addition to considering the commercial and financial goals of your company and the potential impact of local legislation on your business. The experience of people working in the same industry or sector can also help guide you towards the appropriate structure.
Our company’s role in opening a commercial register in Dubai
Opening a commercial register in Dubai is a crucial step for aspiring entrepreneurs seeking success in the business world. The Emirate of Dubai provides a leading environment for businesses with simplified and effective registration procedures. Through a commercial registry, a company becomes officially recognized and registered with the local government, giving it the legitimacy and legality necessary to conduct business with confidence and confidence.
A commercial register in Dubai gives companies access to many exciting and diverse business opportunities in the Middle East. Thanks to Dubai’s dynamic and supportive business environment, entrepreneurs can achieve success and grow quickly, while the commercial registry provides the necessary infrastructure for support and sustainable development of businesses.
Frequently asked questions about opening a commercial register in Dubai
What are the basic steps to open a commercial register in Dubai?
The steps include submitting a registration application, determining the type of company, preparing the required documents, and submitting them to the Dubai Business Regulatory Authority (DED).
What types of companies can be registered in Dubai?
Sole proprietorships, partnerships, limited liability companies (LLC), joint stock companies, etc. can be registered.
What documents are required to open a commercial register in Dubai?
This includes a copy of the passport, a copy of the graduate certificate, the completed application form, and other required documents depending on the type of company.
What are the costs associated with opening a commercial register in Dubai?
This varies depending on the type of company and services provided, but generally costs include registration fees, legal advice costs if necessary, and licensing fees.
How long does it take to open a commercial register in Dubai?
This varies depending on the type of company and the efficiency of completing documents and procedures, but generally this work can take a few days to several weeks.
