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Opening a commercial register in Dubai

تأسيس شركة في المنطقة الحرة في دبي

٢٣ أبريل Opening a commercial register in Dubai

How to open a commercial register in Dubai? Dubai is one of the most prominent global destinations for business and investment, providing a stimulating and advanced business environment. One of the essential steps to starting a successful business in this dynamic city is to open a commercial register. The commercial register constitutes the legal basis for any company, and is a prerequisite for conducting business officially and legitimately. Opening a commercial register in Dubai requires following specific procedures that include submitting the necessary documents, choosing the appropriate business activity, and obtaining the necessary license from the competent authorities. Thanks to government facilities and advanced infrastructure, investors can achieve their business ambitions quickly and efficiently. In this article, we will review the basic steps and procedures required to open a commercial register in Dubai , focusing on the importance of cooperating with specialized consulting companies to ensure the successful and smooth implementation of the process.

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Steps to open a commercial register in Dubai

Opening a commercial register in Dubai requires following specific steps to ensure compliance with local laws and a smooth process. Here are the basic steps:

  1. Determine the type of business activity: Choose the business activity you wish to practice, as the type of commercial register varies based on the nature of the activity (commercial, industrial, service, etc.).
  2. Choosing a company name: Choose a distinctive name for your company according to local laws, and avoid prohibited or banned names. Make sure the name complies with the standards of the Department of Economic Development. And prepare the necessary documents.
  3. Submitting the registration application: Submit the company registration application through the Dubai Department of Economic Development or through its e-services portal. Your application and attached documents will be reviewed.
  4. Get approvals: Wait for the application to be approved, and make any modifications if necessary based on the department’s comments.
  5. Issuance of the commercial register: After the application is approved, you will be able to receive the commercial register for your company. This register is an official document proving the registration of your business activity.
  6. Obtaining a commercial license: Depending on the business activity, you may need to obtain an additional license from the relevant authorities, such as health or industrial authorities.
  7. Registration with other entities: After obtaining the commercial registration, you may need to register with other entities such as the Ministry of Human Resources and Emiratisation or the General Tax Authority, depending on the nature of your business activity.
  8. Open a bank account: Open a bank account in the company’s name at a local bank to facilitate financial transactions.
  9. These steps are the basis for opening a commercial register in Dubai, and some details may vary depending on the type of activity and the requirements of the competent authorities. It is useful to work with a legal advisor or a specialized consulting company to ensure that the process is completed smoothly and all requirements are complied with.

The importance of opening a commercial register in Dubai

Opening a commercial register in Dubai is of great importance to individuals and companies alike. Here are some points that explain the importance of opening a commercial register in Dubai:

  1. Legal Compliance: Opening a commercial register is an essential step to comply with local laws, as the commercial register is a legal document that proves that the business activity is being conducted legally and authorized. This protects the company from legal problems and helps avoid penalties.
  2. Facilitating official procedures: Having a commercial register facilitates dealing with various government agencies, such as the Ministry of Human Resources and Emiratisation, the Department of Economic Development, etc. It also enables obtaining the necessary licenses and approvals to practice the activity.
  3. Building trust with customers: The commercial register enhances the credibility of the company and gives a positive impression to customers, suppliers and business partners. It reflects the company’s commitment to legal standards and increases trust in business dealings.
  4. Opening a bank account: A commercial register is necessary to open a bank account in the company’s name, which facilitates the management of funds and financial transactions in an organized and secure manner.
  5. Obtaining licenses and permits: The commercial register is a basic requirement for obtaining licenses and permits for the commercial activity, which may include health, environmental, or industrial licenses, depending on the nature of the work.
  6. Expansion and Growth: The commercial register enhances the opportunities for expansion and growth, as it allows you to enter new markets and deal with major companies. It also helps in obtaining financing and investments from financial institutions and investors.
  7. Legal Protection: The commercial register provides legal protection for the brand name and business activity, which protects intellectual property rights and helps avoid infringements and piracy.
  8. Overall, opening a commercial register in Dubai is an essential step to start and manage a business successfully, and it contributes significantly to achieving companies’ goals and ensuring their sustainability in the market.

Documents required to open a commercial register in Dubai

To open a commercial register to establish a company in Dubai , you need to submit a set of basic documents. Here is a list of the documents usually required:

  1. Passport: A colour copy of the passport of all shareholders or major owners. The passport must be valid.
  2. Residence Visas: A copy of the residence visas of the investors or shareholders, if they are residents of the UAE.
  3. Personal photo: Recent personal photos of investors or shareholders, as required by the Department of Economic Development.
  4. Lease Contract: A lease contract for the company premises or office from which you will operate the business. The contract must be notarized and certified.
  5. Approval from other entities: Some business activities require special approvals or permits from other government entities. You may need to submit the required documents to obtain these approvals.
  6. Business plan: A document that details the business, such as the type of business, business goals, and market strategy.
  7. Copy of ID: If the shareholders or owners are residents of the UAE, you may need to provide a copy of their Emirates ID.
  8. Company Documents: If the company is a branch of an existing company, you may need to submit documents such as certificate of incorporation, activity report, and details of the parent company.
  9. Power of Attorney: If you appoint a person or company to carry out the procedures on your behalf, you may need to provide an official, certified power of attorney.
  10. The documents required may vary depending on the type of business and the requirements of the Department of Economic Development or other competent authorities. It is useful to check the specific requirements for your business and work with Itqan Consulting Company to ensure that all necessary documents are provided correctly.

itqan company services in opening a commercial register in dubai

Itqan Company services in opening a commercial register in Dubai

Itqan Company provides a set of integrated services to facilitate the process of opening a commercial register in Dubai . Its services include:

  1. Legal Consultations: Itqan provides legal consultations on the requirements and legislation related to opening a commercial register, helping to ensure full compliance with local laws.
  2. Document preparation: Itqan helps prepare and coordinate all documents required to open a commercial register, including passports, residence visas, and lease contracts.
  3. Choosing a trade name: Itqan provides services to help you choose a suitable trade name that complies with the standards of the Department of Economic Development, in addition to checking the availability of the name.
  4. Preparing the registration application: Itqan prepares and submits the company registration application to the relevant authorities, which saves time and effort and ensures that the application is submitted correctly.
  5. Licenses and Permits: Assists in obtaining the licenses and permits necessary to conduct business, including any special permits that may be required depending on the type of activity.
  6. Company Registration: Itqan undertakes the process of registering the company with the Department of Economic Development and issues the commercial register after approval.
  7. Opening a bank account: Itqan facilitates the process of opening a bank account in the company’s name, which helps organize financial matters and facilitate banking transactions.
  8. Providing logistical support: It provides its services in providing logistical support by preparing and organizing contracts and updating documents as needed.
  9. Post-incorporation services: Itqan provides additional services after incorporation such as commercial registration renewal, license renewal, and ongoing legal consultations.
  10. By using Etqan services, investors and new clients in Dubai can get comprehensive and specialized support, making the process of opening a commercial register smoother and more efficient.

In conclusion, opening a commercial register in Dubai is an essential step for anyone seeking to enter the business world in one of the most prominent global economic destinations. Dubai offers a distinguished business environment characterized by development and flexibility, making it an ideal choice for investors and entrepreneurs. By following the right steps and submitting the required documents, a legal obligation can be achieved that contributes to the success and growth of businesses. In addition, using specialized consulting companies such as “Itqan” can facilitate the process and ensure its efficient and smooth implementation. By adhering to legal requirements and effectively allocating resources, investors can achieve their business goals and build a strong base for their activities in Dubai, which opens wide doors to future opportunities and potential.

Frequently asked questions about opening a commercial register in Dubai