Opening a commercial register in Dubai for Saudis

Opening a commercial register in Dubai for Saudis is a strategic step towards expanding the scope of business and benefiting from the thriving economic environment that the emirate provides. Dubai is distinguished by its unique geographical location, advanced infrastructure, and economic policies that encourage investment, making it an ideal destination for Saudi businessmen looking to achieve sustainable growth and expand their business activities.

Cooperation with Itqan Company contributes greatly to facilitating the process of opening a commercial register in Dubai for Saudis, as the company provides its accumulated experience and deep knowledge of the local market and the required legal procedures. Through this collaboration, Saudi entrepreneurs can benefit from the professional support and strategic advice provided by our company to ensure full compliance with local laws and achieve the desired success in the dynamic business environment in Dubai.

In addition, opening a commercial register in Dubai gives Saudis access to a wide network of trading partners and global markets, enhancing opportunities for growth and expansion. This trend includes taking advantage of the diverse investment opportunities that Dubai provides in various economic sectors, including technology, tourism, financial services, and logistics.

In conclusion, opening a commercial registry in Dubai for Saudis is a smart step towards achieving ambitious business goals and taking advantage of the vibrant economic environment that Dubai has to offer. By collaborating with Itqan Company, Saudi entrepreneurs can benefit from the expertise and support necessary to ensure the successful start and operation of their businesses in one of the most developed and growing cities in the world.

Opening a commercial register in Dubai for Saudis

Establishing a company in Dubai for Saudis

Establishing a company in Dubai for Saudis requires several steps that must be followed if you are a Saudi investor in Dubai. Here is an overview of the basic procedures:

• Choosing a Business Activity: You must select the company activity you wish to practice and ensure that it is available and appropriate to the laws of Dubai.
• Choice of legal form: You can choose between the form of a sole proprietorship, a partnership or a limited company.
• Choosing a company name: The company name must be unique and comply with Dubai laws.
• Obtaining a permit to establish a company: You must obtain a permit from the competent government authorities in Dubai.
• Opening a bank account: You must open a bank account for the company in one of the approved banks in Dubai.
• Office Rental: You must rent an office to the company in a suitable location in accordance with local laws.
• Obtaining a work license: You must obtain a work license from the Department of Economic Development in Dubai.
• Employee insurance: You must insure the employees you work with in accordance with the labor laws in Dubai.

These are general steps and may require additional procedures depending on the type of activity and the legal form of the company. Therefore, it is important to consult an Itqan company in Dubai for further guidance and assistance in the company establishment process.

What is the commercial register in Dubai?

A commercial register in Dubai is a register that contains all information related to companies and individuals who conduct commercial activities in the Emirate of Dubai. The Commercial Register is an official reference used to register companies and determine their legal and financial identity. The commercial registry is organized in accordance with local laws and regulations that specify the conditions for registration, management and information required for each company. In addition, the commercial registry is an important tool for enhancing transparency and regulating commercial activities in Dubai and achieving a balance between the interests of companies, investors and the local community.

Opening a commercial register in Dubai

Opening a commercial register in Dubai is one of the important steps that Saudis must follow to start their businesses in this thriving emirate. Dubai is an attractive destination for investors and entrepreneurs thanks to its advanced infrastructure, supportive investment environment, and flexible laws that facilitate the process of establishing a business. Opening a commercial register in Dubai gives Saudi entrepreneurs the opportunity to access a diverse and thriving market, in addition to benefiting from many tax and customs benefits. This process requires adherence to a set of procedures and legal requirements that ensure the process runs smoothly and effectively, thus achieving the desired commercial success. For Saudis wishing to open a commercial register in Dubai, the following steps must be followed:

Initial planning

1. Select the type of company you wish to establish in Dubai, such as a limited liability company or joint stock company.
2. Select the business activity you wish to practice in Dubai.

Partners and shareholders

There may be special requirements for Saudis wishing to open a commercial register in Dubai, and they may require the presence of a certain Emirati partner in the company. You can view updated legislation and laws to know the current requirements.

Labor statistics

Register the company with the Dubai Economic Department to obtain a Value Added Tax (VAT) identification number and register in the tax system.

Choose a company name

1. Select a name for the company and make sure it is available and not similar to the names of other existing companies.
   Make sure the name adheres to Dubai laws and regulations.
2. Contact the relevant government authorities in Dubai to find out the exact requirements and procedures for obtaining the licenses required for your specific business activity.
3. You may need to obtain specific licenses and permits, such as a general trade license or a professional trades license, depending on your business.

Preparing documents

1. Prepare the documents required to establish the company, such as contracts, agreements, and legal forms.
2. You may need help from an Itqan company that specializes in establishing companies in Dubai.

Establishment of the company

1. Submit a registration application with the relevant government entity in Dubai, according to the legal type of your company.
2. You may need to pay registration fees and other required expenses.
3. You may need a work visa for company employees. You can contact the relevant authorities in Dubai to find out the requirements and procedures related to work visas.

The importance of opening a commercial register in Dubai for Saudis

Opening a commercial register in Dubai is considered an important strategic step for Saudis, for several reasons related to the distinguished economic environment and investment opportunities available in the emirate. In cooperation with Itqan Company, Saudis can make the most of these opportunities and achieve success in the UAE and regional market:

1. Access to a diverse and global market: A commercial register in Dubai is considered a gateway to accessing a diverse and global market, as Dubai is considered a global commercial center that includes hundreds of nationalities and international companies.
2. Favorable legislative environment: Dubai is characterized by flexible and favorable commercial legislation, which facilitates company establishment and encourages foreign investments.
3. Government incentives and facilities: The Dubai government offers many incentives and facilities to new companies, which facilitates the start-up process and reduces investment costs.
4. Advanced Infrastructure: Dubai provides a modern and advanced infrastructure that supports the work of companies in various sectors.
5. Political and economic stability: Dubai enjoys an environment of political and economic stability that enhances investor confidence and facilitates their business operations.
6. Cultural and Social Diversity: Dubai is a culturally and socially diverse city, making it an ideal place to network and build global business relationships.

In short, opening a commercial register in Dubai represents a great investment opportunity for Saudis to benefit from the distinguished commercial environment in the emirate and achieve success and excellence in the business world.

Fees for opening a commercial register in Dubai

The fees for opening a commercial register in Dubai depend on several factors, including the type of company, the commercial activity, and the location you choose to establish the company. The fees for opening a commercial register in Dubai for Saudis in cooperation with Itqan Company include several cost elements, including:

• Legal consultation fees: You may need to pay fees to Itqan Company or to any legal consultant you contracted with to obtain the necessary advice during the process of opening the commercial register.
• Administrative services fees: These fees may include the costs of processing and administrative organization of the procedures for opening the commercial register.
• Registration and Licenses Fees: These fees include costs related to registering the company and obtaining the necessary licenses to start the business.
• Additional services fees: There may be additional fees for other services such as providing logistical support, obtaining employees, or managing the daily operations of the company. It should be noted that fees are subject to change and depend on several factors such as the type of company, the size of the work, and the services required. It is recommended to verify the exact fees with Itqan Company or any party with which it cooperated before starting the process of opening the commercial register.

Papers for opening a commercial register in Dubai for Saudis

Saudis can open a commercial register in Dubai after meeting the required conditions, which are submitting the necessary documents to establish the company. In order to open a commercial register in Dubai, Saudis need to submit a set of required documents, which usually include:

• Copy of passport: The copy must be valid and issued by the competent authority in the Kingdom of Saudi Arabia.
• Personal photos: Personal photos of the owner or legal officer of the company must be provided.
• Registration application form: A company registration application form must be completed and can be obtained from the entity managing the registration process.
• Lease contract or office license: Investors need a lease contract for the office where the company will be established, or a virtual office license can be used.
• Letter from the bank: Investors need a letter from the bank proving the existence of a bank account in the name of the company and showing its ability to transact financially.
• Approval of the relevant government authorities: The approval of the relevant government authorities in Dubai must be obtained, which may vary depending on the type of company and commercial activity.
• Certificate of authentication of signatures: The entity managing the registration process can request a certificate of authentication of signatures from the competent authority in the Kingdom of Saudi Arabia.

These documents are basic and can vary slightly depending on the type of company and business activity. It is best to check the exact requirements for registration through an Itqan company in Dubai.

The importance of opening a commercial register in Dubai for Saudis

Steps to open a commercial register in Dubai for Saudis

Saudis who intend to open a commercial registry in Dubai should familiarize themselves with local laws and regulations and consult with Itqan Company’s expert consultants. To ensure full compliance and success in the company establishment process, the following steps must be followed:

• Choosing a business: Determine the type of business activity you want to practice, and ensure its compliance with local laws and legislation.
• Choosing the legal form: Determine the legal form of the company, such as a sole proprietorship, joint-stock company, personal company, or company in the free zone.
• Determine the trade name: Choose an appropriate and non-duplicate name for the company, and ensure that it complies with local laws.
• Determining the location: Choosing the appropriate location for the company’s headquarters, whether it is in an executive office or in a free zone.
• Preparing the required documents: Preparing the documents required to register the company, such as the passport, personal photos, and rental contract (if necessary).
• Submitting a registration application: Submitting the required documents to the relevant government agencies, and paying the required fees.
• Waiting for approval: Waiting for approval of the registration application, and obtaining the necessary work permit and licenses.
• Opening a bank account: Opening a bank account for the company to manage financial and commercial operations.
• Employee Registration: Registration of employees with the relevant government agencies and health insurance if necessary.
• Tax Compliance: Registration with the Federal Tax Authority and compliance with local tax legislation.

In conclusion, opening a commercial registry in Dubai for Saudis is an important strategic step towards achieving commercial success in a prosperous and diversified economic environment. Dubai provides a distinguished business environment that supports growth and innovation, and attracts investors from all over the world thanks to its flexible laws and advanced infrastructure. In cooperation with Itqan Company, Saudis can benefit from integrated services that facilitate the process of opening a commercial register in Dubai and achieving their commercial goals effectively and quickly. This cooperation was strengthened by providing specialized advice and ongoing support, ensuring that Saudi entrepreneurs can launch with confidence in the promising Dubai market. Opening a commercial register in Dubai for Saudis is not just a procedural step, but rather the beginning of a journey full of commercial opportunities and promising potential. With Itqan, achieving these ambitions becomes easier and clearer, enhancing the chances of success and growth in one of the most prominent global economic cities.

Frequently asked questions about opening a commercial register in Dubai for Saudis