Opening a commercial register in Dubai is an essential step for anyone wishing to establish a business or company in the Emirate of Dubai. This procedure is one of the legal procedures that ensures that individuals and companies practice commercial activities legally within the framework specified by the local authorities. To obtain a commercial register in Dubai, several organized steps must be followed, including choosing the commercial activity, submitting the application to the local economy department, providing the required documents, and paying the relevant fees. Dubai is an ideal business environment for investors, with the facilities and advantages it offers related to tax exemptions, and the ease of business establishment procedures. Therefore, opening a commercial register in Dubai represents a strong start to a successful commercial project.
How to open a commercial register in Dubai
Opening a commercial register in Dubai requires following several legal and administrative steps to ensure that the project complies with local regulations. Here are the basic steps to open a commercial register in Dubai:
Determine the type of business activity: First, you must determine the type of business activity you wish to practice. Dubai offers many commercial activities that can be registered, such as industrial, commercial, service, or professional activities.
Choosing a trade name: You must choose a trade name that complies with local laws and reflects the company’s activity. The name must be unique and not similar to any name already registered.
Apply for Initial Approval: After choosing the business activity and name, an application for initial approval is submitted to the Dubai Department of Economic Development (DED). This approval is considered an initial permission to start the company establishment procedures.
Prepare the required documents: You will need to submit a set of documents such as a copy of your passport. A copy of your visa (if applicable). The lease contract or documents related to the commercial location. Signing the partnership contract if there are partners.
Submit the application and pay the fees: All required documents must be submitted to the Dubai Department of Economic Development and the prescribed fees must be paid to obtain the commercial registration.
Obtain the commercial registration: After reviewing and approving all the documents, the Department of Economic Development issues the commercial registration through which the business can be legally practiced.
Additional procedures (if necessary): You may need to apply for a specific trade license or register your trademark depending on the type of activity.
These are the main steps to open a commercial registration in Dubai, a process that can be greatly accelerated by cooperating with consulting companies such as “Atqan”, which provides full services to facilitate the opening of companies in Dubai.
The importance of opening a commercial register in Dubai
Opening a commercial register to establish a company in Dubai is a crucial step and of great importance to anyone who wants to practice commercial activity legally and effectively. The importance of opening a commercial register in Dubai lies in several main aspects:
Legal legitimacy: The commercial register is a legal document that gives you the right to practice commercial activities officially. Without the commercial register, the commercial activity is considered illegal and its owner may face legal problems.
Obtaining licenses and approvals: Through the commercial register, you can obtain the necessary licenses to practice the activity, whether it is a commercial or professional license, which makes it easier for you to interact with government agencies and the private sector.
The possibility of expansion and growth: The commercial register allows you to expand in the local and international market. Registered companies can open branches, contract with clients, and deal with suppliers legally, which enhances the project’s reputation and contributes to its growth.
Access to financing: Many banks and financial institutions require a commercial register to provide loans or financial support. Registration enhances the company’s credibility and facilitates obtaining the necessary financing for growth.
Legal protection of interests: Opening a commercial register ensures the protection of the company’s commercial rights, such as protecting the trade name, and rights related to contracts and partnerships.
Benefit from government benefits: Dubai offers many incentives to investors, such as tax exemptions and customs benefits. Through the commercial register, investors can benefit from these benefits.
Enhance credibility and trust: The commercial register gives the company a legal reputation and enhances the confidence of customers and suppliers in it, which facilitates trade and business operations.
In general, opening a commercial register in Dubai is an essential step to establishing a successful business in an advanced business environment that provides wide opportunities for growth and innovation.
Etqan Company Services for Opening a Commercial Register in Dubai
Etqan Company provides a range of integrated and professional services to help clients open a commercial register in Dubai. These services include:
Legal Consultations: Etqan provides specialized legal consultations to help clients understand local laws related to establishing companies and choosing permitted business activities. These consultations help in making the right decisions in terms of the legal structure of the company (such as a sole proprietorship, partnership, or limited liability company).
Choosing a business activity and trade name: Etqan provides support in determining the appropriate business activity based on the client’s needs and market studies, in addition to helping them choose a trade name that complies with local regulations.
Licensing and registration procedures: Etqan undertakes all the procedures necessary to obtain a commercial license, including submitting applications to the Dubai Department of Economy (DED), and preparing all required documents.
Help in choosing a location: Etqan helps its clients choose the ideal location to register their company, whether in free zones or in local areas, based on the type of business activity and clients’ requirements.
Providing consultations on local partnership: If the activity requires a local partner, Atqan provides consulting services to help the client choose the right partner while adhering to local regulations.
Preparing the required documents: Atqan prepares all necessary documents such as passport, lease contract, and ownership certificates, and submits them to the relevant authorities to ensure a smooth process.
Completing bank account opening procedures: Atqan also provides a service to assist clients in opening a bank account for the company in Dubai, making it easier for the client to manage the financial transactions of his company.
Electronic licensing and online commerce: Atqan provides specialized consultations on opening e-commerce activities, including registering companies that operate online and obtaining electronic licenses.
Licensing services for various activities: Atqan helps in determining the most appropriate license for the type of business activity, whether commercial, industrial, service or professional, ensuring compliance with all local laws and regulations.
Tax consultations: Atqan provides consulting services related to taxes in Dubai, which helps in understanding the available tax exemptions and how to apply them.
With these services, Atqan helps facilitate the process of opening a commercial register and establishing a business in Dubai quickly and efficiently, allowing customers to focus on growing their business.
In conclusion, opening a commercial register in Dubai is an essential and necessary step for anyone wishing to establish a business or company in one of the fastest growing markets in the world. This process helps ensure that the project complies with local laws and provides a safe and reliable legal environment for the business. With the availability of many licenses and diverse activities, investors can choose the most appropriate according to their needs. In addition, using specialized consulting companies such as Atqan can speed up the process and help overcome the challenges associated with registering a business in Dubai. With good planning and adherence to legal procedures, businessmen and investors can achieve success and prosperity in this dynamic market.
Frequently asked questions about opening a commercial register in Dubai
Can you open a commercial register in Dubai if you are a foreigner?
Yes, foreigners can open a commercial register in Dubai. If you want to establish your company in the free zones, you can do so without the need for a local partner. However, if you choose the local area, you will need an Emirati partner.
Are there any tax exemptions or incentives for business start-ups in Dubai?
Dubai offers many incentives to investors such as tax exemptions in free zones, and facilities for establishing companies. It is advisable to check the specific details depending on the type of activity and the registered entity.
How long does it take to open a commercial register in Dubai?
The process of opening a commercial register usually takes a few days if all the documents are correct and complete. However, it may take longer if there is a need to submit additional documents or obtain special approvals.
