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Methods and requirements for opening a commercial register in Dubai

٢١ يونيو Methods and requirements for opening a commercial register in Dubai

What are the methods and requirements for opening a commercial register in Dubai? Opening a commercial register in Dubai is an essential step for anyone seeking to establish a successful business in this prosperous emirate. The Dubai market is very attractive to investors and entrepreneurs, thanks to its encouraging investment environment and advanced infrastructure. To achieve success, those wishing to open a commercial register must be aware of the necessary requirements and procedures. These procedures include determining the type of business activity, choosing the legal form of the company, obtaining the necessary licenses, and adhering to legal and commercial requirements. In this article, we will review in detail the methods and steps necessary to open a commercial register in Dubai, helping you achieve your business dream easily and smoothly.

Methods

Requirements for opening a commercial register in Dubai

To open a commercial register in Dubai , a set of basic requirements and procedures must be followed. Here are the most important of these requirements:

  1. Determine the type of business activity: You must determine the type of business activity you wish to practice, whether it is commercial, industrial, or service-related.
  2. Choosing a business name: Choose a trade name that complies with local laws. The name must be unique and not previously used, taking into account not using offensive or immoral names.
  3. Determine the legal form: The appropriate legal form for the company must be chosen, such as a limited liability company, a sole proprietorship, or a branch of a foreign company.
  4. Preparing the required documents: A copy of the founders’ passports. A copy of the residence visas. The lease contract for the workplace. Additional documents depending on the type of business activity.
  5. Submitting the application: The application must be submitted to the Department of Economy and Tourism in Dubai, either online or in person, with payment of the prescribed fees.
  6. Obtaining approvals: Depending on the type of activity, additional approvals may be required from other authorities, such as regulatory or health authorities.
  7. Receiving the commercial register: After completing all procedures and approvals, you can receive the official commercial register.
  8. Opening a bank account: After obtaining the commercial registration, it is advisable to open a commercial bank account to facilitate financial transactions.
    It is important to adhere to all local laws and regulations to ensure the success of the commercial registration opening process in Dubai.

Ways to open a commercial register in Dubai

Opening a commercial register in Dubai is an important step for anyone who wants to establish a successful business. Here are the methods and requirements for opening a commercial register in Dubai in detail:

  1. Submit an application online: You can submit an application to open a commercial register through the website of the Department of Economy and Tourism in Dubai. This service provides the possibility of electronic submission to facilitate the procedures.
  2. Apply in person: Investors can visit the Dubai Department of Economy and Tourism offices and submit the application in person. It is advisable to book an appointment in advance to reduce the waiting time.
  3. Hiring a service company: You can hire companies that specialize in incorporation services to help you with all procedures and requirements, saving time and effort.

Factors in the cost of opening a commercial register in Dubai

The cost of opening a commercial register in Dubai depends on several factors that affect the total expenses. Here are the most prominent of these factors:

  1. Type of business activity: The cost of opening a commercial register varies depending on the type of activity (commercial, industrial, service), as some activities require additional licenses, which increases costs.
  2. Commercial Registration Fees: This includes the fees for issuing the commercial registration itself, which vary according to the type of company and activity. The fees can range from a few thousand to more than ten thousand dirhams.
  3. Licensing and approvals: Some activities require additional approvals from certain government agencies (such as the Ministry of Health, the Ministry of Environment), and this may increase costs.
  4. Rental Cost: Renting a business premises is one of the largest expenses. Costs vary depending on location and the amount of space required.
  5. Legal and advisory services: If you use the services of consulting firms or lawyers to assist you in incorporating, the costs of these services must be calculated.
  6. Administrative costs: These include costs associated with registration, such as government fees, costs of opening a business bank account, and advertising costs.
  7. Cost of obtaining work visas: If you need to hire employees, the costs of visas and hiring procedures must be calculated.
  8. Insurance: Some activities require special insurance, which adds to the overall cost.
  9. Infrastructure and Equipment: Costs associated with equipping an office or store, such as furniture, appliances, and technology.
  10. Annual fees: The annual fees for renewing the commercial registration must also be calculated, which is part of the ongoing operating costs.

Methods

How long does it take to open a business?

Opening a commercial register in Dubai is an important step for anyone looking to set up a business. It is important to understand that the time required to complete this process may vary depending on several factors. Typically, opening a commercial register can take anywhere from a few days to a few weeks.

When applying, investors must first determine the type of business and choose a trade name. This can take some time if there are multiple options, or if the desired name is already in use. The investor must then submit the required documents, which include a copy of the passport, the lease agreement for the premises, and any additional documents related to the activity.

Once the application is submitted to the Dubai Department of Economy and Tourism, the relevant authority will review the application and documents. If all documents are correct and complete, the application can be approved within days. However, if further approvals are required, such as those related to private activities, it may take longer.

Therefore, it is advisable to plan ahead and ensure that all required documents are completed to ensure a speedy process. Hiring a consulting service may also help speed up the process and avoid delays.

 

The importance of opening a commercial register in Dubai

Opening a commercial register in Dubai is a vital step for anyone seeking to establish a successful business in this emirate. Here are some of the key importance of opening a commercial register in Dubai:

  1. Opening a commercial register is a necessary legal step that ensures compliance with local laws and regulations. This helps you avoid violations and fines that may affect your business.
  2. Having a commercial record enhances the credibility of your business in the eyes of customers and business partners. Customers feel safe and confident when dealing with officially registered companies.
  3. Opening a commercial register allows you to enter the market legally, allowing you to freely offer your services or products to customers.
  4. Opening a business bank account requires a business register, which makes it easier to manage financial transactions and enhances the professionalism of your business.
  5. Registered companies have greater chances of obtaining financing from banks and investors. Having a commercial register reflects the seriousness of the project and increases the chances of obtaining financial support.
  6. By opening a commercial register, you can also protect your company name and brand from illegal use, which enhances your presence in the market.
  7. The Dubai government offers many facilities and support to registered projects, such as tax exemptions or financial support in some cases.
  8. With a commercial register, it becomes easy to expand your business either by opening new branches or adding new business activities.
  9. Opening a commercial register gives you the opportunity to apply for government contracts and partnerships with other institutions, which enhances your chances of success and growth.
  10. Dubai is a global business hub, and opening a commercial register allows you to benefit from this unique investment environment and the opportunities available in the market. Opening a commercial register in Dubai is not only a legal step, but also an investment in the future of your business and its development.

In conclusion, opening a commercial register in Dubai is an essential step for anyone looking to establish a successful business in this dynamic emirate. Dubai offers an ideal investment environment that allows investors and entrepreneurs to achieve their business goals, thanks to flexible laws and continuous government support. By complying with the necessary legal requirements and procedures, investors can benefit from many advantages, including credibility, access to markets, and financing opportunities. Investing in opening a commercial register reflects commitment and seriousness, and paves the way for sustainable success and continuous growth. So, if you are thinking of starting your own business, do not hesitate to take this important step towards achieving your dream.

Frequently asked questions about opening a commercial register in Dubai