Opening a commercial register in Dubai – features and procedures

21 May Opening a commercial register in Dubai – features and procedures

Opening a commercial register in Dubai is an important strategic step for those wishing to invest and prosper in one of the most dynamic and growing cities in the world. Dubai is distinguished by its distinguished geographical location, which makes it a commercial gateway between East and West, in addition to an advanced infrastructure and an encouraging investment environment. In cooperation with Itqan Company, investors can benefit from the expertise and resources available to facilitate the process of establishing a business and achieving success, as Itqan provides an integrated set of services that include legal and administrative consulting, simplifying government procedures, and ensuring compliance with all regulatory requirements. This article will explain the advantages and procedures associated with opening a commercial register in Dubai in cooperation with Itqan Company, and how this step can be a key to success in the business world.

Opening a commercial register in Dubai – features and procedures

Establishing a company in Dubai 

Establishing a company in Dubai in cooperation with Itqan Company is a smart and strategic step for investors and entrepreneurs who seek to benefit from the thriving investment environment in the emirate. Dubai, with its strategic location as a gateway between East and West, its advanced infrastructure, and its encouraging economic policies, provides endless opportunities for growth and prosperity. However, the process of setting up a company in Dubai can be complicated due to the multiple legal and administrative procedures that must be followed.

Here comes the importance of cooperation with Itqan Company, which is distinguished by extensive experience and deep knowledge of everything related to establishing companies in Dubai. Itqan offers a comprehensive range of services covering all aspects of the establishment process, from initial consultations to obtaining the final commercial license. By helping you choose the right business and determining the most appropriate legal structure, Etqan facilitates the process of determining the right path for your business.

Itqan begins cooperating with you in choosing and registering the trade name and obtaining initial approval from the relevant authorities. You then move on to preparing legal documents such as the Memorandum of Association and Articles of Association, ensuring that they are properly documented. In addition, Itqan helps you choose and rent the ideal location for your office, ensuring it complies with legal requirements.

One of the most prominent services provided by Itqan is facilitating obtaining the necessary approvals and permits from various government agencies, which ensures that the process proceeds quickly and efficiently. After obtaining the commercial license, Itqan continues to support you by providing post-incorporation services such as opening bank accounts and registering with government agencies.

By choosing to cooperate with Itqan Company, you can be assured that the process of establishing your company in Dubai will take place in a smooth and professional manner, allowing you to focus on developing your business and taking advantage of the many opportunities available in this lively and dynamic city.

Advantages of opening a commercial register in Dubai

Opening a commercial register in Dubai provides many advantages and opportunities for companies and individuals seeking to start or expand their business. Among the most important advantages:

• Ease of procedures: The Department of Economic Development in Dubai provides easy and convenient procedures for opening a commercial register, which makes the process easier and smoother.
• Economic Diversity: Dubai is characterized by great economic diversity, which provides multiple opportunities in different fields such as trade, tourism, real estate, and financial services, making it an ideal place to start a business.
• Advanced Infrastructure: Dubai provides a modern and advanced infrastructure that includes transportation, communications, and logistics facilities, which facilitates shipping and distribution operations and increases business efficiency.
• Large consumer market: Dubai’s residents and tourists are a large market for products and services, which enhances the chances of business success.
• Suitable business environment: Dubai has a favorable business environment that encourages innovation and supports the growth of small and medium businesses, making it an ideal choice for entrepreneurs.
• Government Facilities: The Dubai Government offers a number of facilities and benefits to local and international companies, such as tax and regulatory incentives, to encourage investment and promote business.

Procedures for opening a commercial register in Dubai

Procedures for opening a commercial register in Dubai require a number of necessary steps, according to the directives of the Dubai Department of Economic Development. Basic steps usually include:

1. Choosing a business activity: You must determine the business activity you intend to practice, and it must be compatible with the activities permitted in Dubai.
2. Choosing a company name: You must choose a unique name for the company and ensure that it is compatible with local laws and regulations.
3. Determine the legal form: The legal form of the company must be determined, such as a sole proprietorship, a joint stock company, a limited liability company, and others.
4. Submitting a registration application: An official application to open a commercial register must be submitted to the Dubai Department of Economic Development, along with the required documents.
5. Payment of fees: You must pay the fees required to register the company, which vary according to the type of company and its activity.
6. Obtaining the necessary approvals: Some specific activities may require special approvals, such as approval from relevant government agencies.
7. Signing the necessary agreements: The necessary agreements must be signed with partners and shareholders and determine the financial and legal obligations.
8. Receiving the commercial register: After completing the procedures, a commercial register is granted to the company, which qualifies it to conduct business in Dubai.

These procedures are the general steps you may need to follow to open a commercial registration in Dubai, and they can vary slightly depending on the type of business activity and the legal form of the company.

Steps to open a commercial register in Dubai

Opening a commercial register in Dubai requires following a set of regulatory steps to ensure compliance with local laws and facilitate the business establishment process. These steps are represented in the following points:

• Choosing a business: Determine the type of business you want to engage in, and make sure it is compliant with government regulations.
• Choose a company name: Choose a name that is unique and appropriate for your company, and make sure it complies with local laws.
• Determine the legal form: Determine the legal form of your company, such as a sole proprietorship, limited liability company, or joint stock company.
• Identify partners and shareholders: Determine the identities of partners and shareholders and their percentage of ownership in the company.
• Submitting an application to the Department of Economic Development: Submit an application to register the company with the Department of Economic Development in Dubai, and choose the head office according to the location of the activity.
• Obtain the necessary approvals: Obtain the special approvals you may need for your business, such as approval from the relevant regulatory body.
• Signing contracts and agreements: Sign the necessary contracts with partners and shareholders and specify financial and legal obligations.
• Payment of fees: Pay the fees required to register the company, which vary according to the type of company and its activity.
• Receiving the commercial register: After completing the procedures and approvals, you will obtain a commercial register that qualifies you to conduct business in Dubai.

If you need to own a company in Dubai and are looking for an agent to help you open a Dubai commercial register accurately, you can contact us and one of our experts will assist you in all procedures without requiring you to make an effort or waste time.

The most important steps for establishing a company in Dubai

What is the commercial register in Dubai? 

The Dubai Commercial Registry is an official document proving the registration of a commercial company with the Department of Economic Development in the Emirate of Dubai. The commercial register contains important information about the company, such as the company name, business activity, address, date and place of incorporation, company type, and details of shareholders and partners. The commercial register is one of the basic documents that must be available to the public and government agencies, and is considered evidence of the company’s legitimacy, rights, and obligations.

The importance of the commercial register

1. Legitimacy: A commercial register gives a company the legal legitimacy to operate in Dubai and proves that it is an entity officially recognized by local authorities.
2. Legal protection: The commercial registry provides legal protection for the rights of the company and its owners, and ensures compliance with local laws and regulations.
3. Credibility: The commercial register contributes to enhancing the company’s credibility before customers, suppliers, and business partners, which facilitates business transactions.
4. Access to Services: Commercial registration allows a company to access a variety of services and facilities, such as opening bank accounts, applying for loans, and participating in government tenders and contracts.
5. Organization and management: The commercial registry helps organize and manage commercial activities within the emirate, and provides accurate data for planning economic and trade policies.

How to obtain a commercial register

The Dubai Commercial Register is the foundation upon which the success of any commercial activity is based, as it ensures legal compliance and provides the protection and credibility necessary for growth and prosperity in the local and international market, in addition to the following points:

• Determine the legal structure: Choose the company type such as limited liability company, branch of a foreign company, etc.
• Trade name: Choose an appropriate trade name and ensure that it complies with local regulations.
• Initial approval: Obtain initial approval from the Department of Economic Development.
• Document preparation: Preparing and signing legal documents such as articles of association and articles of association.
• Submitting the application: Submit the application with all required documents to the Department of Economic Development.
• Receiving the license: After approval, a commercial license is issued that enables the company to start its commercial activities.

Cost of commercial registration in Dubai

The cost of opening a commercial register in Dubai varies based on several key factors, including the type of business activity you wish to engage in, the legal structure of the company, and the location you choose, whether within the city or in one of the free zones. Some additional fees, such as licensing fees, office rental costs, and legal and administrative consulting fees, also affect the total cost.

In addition, costs may include fees for additional services such as obtaining security approvals, opening a bank account, and registering the company with the relevant government agencies. These fees vary from case to case according to the requirements of each business and company establishment procedures.

In cooperation with Itqan Company, these procedures can be simplified and facilitated, as the company provides comprehensive service packages that include all stages from initial consultations to obtaining a commercial license. This helps ensure full compliance with local laws and regulations, and reduces challenges that investors may face during the process of setting up their business in Dubai.

Itqan Company services in opening a commercial register

Itqan Company offers a comprehensive range of services to facilitate the process of opening a Dubai commercial register, which helps investors and entrepreneurs establish their businesses smoothly and effectively. These services include:

• Legal and administrative consultations: Itqan provides specialized consultations that help you understand the local laws and regulations related to establishing companies in Dubai, and guide you in choosing the appropriate legal structure for your business activity.
• Choosing a business: Itqan helps you determine the most suitable business activity for you based on market analysis and your specific needs, and provides advice on permitted and required activities.
• Trade Name Registration: Itqan supports you in choosing and registering the appropriate trade name for your business, and ensuring its compliance with local regulations.
• Preparation of legal documents: Itqan prepares all required legal documents, such as the articles of association and articles of association, and submits them to the relevant authorities to ensure full compliance.
• Obtaining initial approvals: Itqan helps you obtain initial approvals from the Department of Economic Development and other government agencies.
• Site selection and office rental: Itqan provides consulting services to help you choose and rent the ideal location for your office, whether within the city or in one of the free zones.
• Issuing a commercial license: Itqan takes care of submitting applications and obtaining the commercial license necessary to start your business in Dubai.
• Post-incorporation services: Itqan provides integrated services after establishing the company, such as opening bank accounts, registering with the relevant government agencies, and obtaining the necessary permits to conduct business.
• Compliance and follow-up support: Etqan ensures periodic follow-up to ensure your company complies with all local laws and regulations, and provides the necessary support to renew licenses and permits when needed.

By choosing Itqan Company, you are guaranteed to receive integrated support and specialized expertise in every step of establishing your business in Dubai, which saves you time and effort and increases your chances of success in the local and international market.

Conditions for opening a commercial register

Opening a Dubai commercial register requires compliance with a set of conditions and procedures to ensure the legal and effective establishment of a business. Here are the basic conditions that must be met:

1. Choosing a business: You must determine the type of business activity you want to practice and ensure that it is licensed in Dubai. Conditions and requirements vary depending on the type of activity.
2. Determine the legal structure: Choosing the appropriate legal structure for the company, such as a limited liability company, sole proprietorship, branch of a foreign company, and others. Each legal structure has its own requirements.
3. Trade name: Choose a trade name that complies with local regulations, so that the name is not used by another company, and does not conflict with local values ​​and customs. Approval for the trade name must be obtained from the Department of Economic Development.
4. Initial approval: After choosing the business activity, legal structure, and trade name, you must apply for initial approval from the Department of Economic Development in Dubai.
5. Memorandum of Association and Articles of Association: Preparing and signing the Memorandum of Association and Articles of Association of the company. These documents must be authenticated by a notary and submitted to the relevant authorities.
6. Work location: The work location must be determined and a suitable office must be rented. The location should comply with the requirements of the Department of Economic Development and the municipality. You may need to submit a rental contract certified by the relevant authorities.
7. Obtaining special permits and approvals: Some commercial activities may require obtaining special permits and approvals from other government agencies such as the Health Authority, Civil Defense, and others.
8. Deposit capital: For some legal structures, it may be necessary to deposit the required capital in a local bank and obtain a certificate proving the deposit.
9. Submitting documents: Submit all required documents to the Department of Economic Development, including a copy of the passport, a personal photo, and legal documents such as the articles of association and articles of association.
10. Issuance of a commercial license: After meeting all conditions and submitting documents, a commercial license is issued by the Department of Economic Development, allowing the company to legally start its commercial activity.

Complying with these conditions ensures that the process of opening a Dubai commercial registry is smooth and efficient, enhancing the chances of business success in the dynamic and conducive environment that Dubai offers.

In conclusion, opening a commercial register in Dubai is a strategic step towards success in the business world, as the city provides an ideal investment environment that combines a distinguished geographical location, advanced infrastructure, and encouraging economic policies. With the complexities of procedures and legal requirements, Itqan Company’s role comes as a main support, providing comprehensive services that facilitate the establishment process and ensure full compliance with local laws. By cooperating with Itqan, investors and entrepreneurs can focus on growing their business and take advantage of the many opportunities that Dubai offers, reassured that all administrative and legal procedures are carried out with high proficiency and professionalism. With this cooperation, ambitions can be turned into reality, and success can be achieved in one of the fastest growing cities in the world.