One Central – Offices No. 4 Dubai | Office: +971 45686046
ITQAN is a company that specializes in business setup and business growth

Opening a commercial register and a commercial license in Dubai

قوانين الاستثمار في دبي

١٧ يوليو Opening a commercial register and a commercial license in Dubai

Opening a commercial register and trade license in Dubai is a vital step for anyone looking to establish a successful business in one of the most dynamic cities in the world. Dubai is a global business hub that attracts entrepreneurs from all over the world thanks to its investment-friendly environment and advanced infrastructure. The process of opening a commercial register and trade license in Dubai requires several steps, starting from choosing the appropriate type of business activity, all the way to submitting the required documents to obtain the license. In addition, government agencies in Dubai provide a range of support services to facilitate the procedures, which contributes to speeding up the registration process and making it smoother. By adhering to local regulations and understanding the legal requirements, entrepreneurs can successfully achieve their business goals and take advantage of the many opportunities that Dubai offers.

Opening

Open a commercial register in Dubai

Opening a commercial register in Dubai is an essential process for establishing any business in the emirate, and you need to follow certain steps to ensure the success of the process. Here are the steps to open a commercial register in Dubai:

  1. You must determine the type of business activity you wish to conduct, whether it is commercial, industrial, or service. You must choose the activity that is in line with your goals and is subject to Dubai laws.
  2. You can choose the legal form that best suits your business, such as a limited liability company (LLC), a sole proprietorship, or a branch of a foreign company.
  3. You must choose a trade name that reflects your business and is available. You can check the availability of the name through the Dubai Department of Economic Development’s e-portal.
  4. After submitting the required documents and paying the fees, the Department of Economic Development will review the application. Once approved, you will receive the trade license.
  5. After obtaining your business license, you can open a business bank account. You will need to provide the license and some other documents to the bank. Register with the local tax system and ensure compliance with any insurance requirements.

Obtaining a commercial license in Dubai

Obtaining a commercial license in Dubai is an important step for anyone wishing to establish a business in the emirate. This process requires a set of steps and procedures that must be followed to ensure that the license is successfully obtained. Here are the steps to obtain a commercial license in Dubai:

  1. You must determine the type of business activity you wish to practice, whether it is commercial, industrial or service. You must choose the activity that is in line with your goals and market requirements.
  2. You can choose the appropriate legal form for your business, such as: Limited Liability Company (LLC), Sole Proprietorship, Branch of a Foreign Company, or
    Partnership.
  3. Choose a distinctive and appropriate trade name for your activity. You can check the availability of the name through the website of the Department of Economic Development in Dubai.
  4. Submit a commercial license application through the Department of Economic Development’s electronic portal or through approved customer service centers.
  5. After submitting the application, you will need to pay the required fees. The fees vary depending on the type of activity and the legal form of the company.
  6. After reviewing and approving the application, you will receive the commercial license. You can receive the license from the Department of Economic Development or through the electronic portal.
  7. After receiving the license, you can open a business bank account. You will need to submit the license and some other documents to the bank.

Advantages of opening a commercial register and a commercial license in Dubai

Opening a commercial register and business license in Dubai comes with a set of advantages that enhance the chances of success and growth of the business. Here are some of these advantages:

  1. Dubai is considered one of the most attractive cities for investments, as it provides an encouraging business environment through flexible laws and legislation that supports innovation.
  2. Dubai has a modern infrastructure including transportation, communications, and logistics facilities, which facilitates business operations and enhances operational efficiency.
  3. Dubai’s strategic location is an ideal gateway to the Middle East, Asia and Africa markets, offering extensive export and distribution opportunities.
  4. Dubai offers an attractive tax regime, with no taxes on profits or sales, which contributes to increased profitability.
  5. Foreigners can open companies in Dubai with full ownership without the need for a local partner in many free zones, which increases investment flexibility.
  6. The government offers a range of programmes and initiatives to support entrepreneurs and investors, including facilitating procedures and providing the necessary information.
  7. Investors can open business records for a wide range of activities, providing multiple opportunities for growth and expansion.
  8. Dubai has a global reputation for business, which facilitates partnerships with international companies and enhances business credibility.
  9. Dubai offers a variety of financing options, including local banks, investors and financial centres, making it easy to access the financing needed for growth. Dubai also hosts many international trade events and exhibitions, providing opportunities for networking and business promotion.

Opening

Conditions for opening a commercial register and a commercial license in Dubai

Opening a commercial register and a commercial license in Dubai requires compliance with a set of legal conditions and requirements. Here are the most important necessary conditions:

  1. You must specify the type of business activity you wish to practice, as requirements vary according to the type of activity (commercial, industrial, service).
  2. Choosing the legal form of the company You must determine the legal form that suits your activity.
  3. A unique and distinctive trade name must be chosen that is consistent with the activity to be practiced. The availability of the name must be verified through the website of the Department of Economic Development.
  4. You may need to obtain approvals from certain authorities depending on the type of activity. Some activities may require additional licenses.
  5. Fees associated with opening a commercial register and license must be paid, which vary depending on the type of activity and the legal form of the company.
  6. You must have a business bank account to receive payments and manage the company’s finances.
    You may need to register with your local tax system and ensure compliance with insurance requirements.

Documents required to open a commercial register and a commercial license in Dubai

To open a commercial register and a commercial license in Dubai, it is necessary to submit a set of papers and documents. Here is a list of the required papers:

  1. A clear copy of the owner or owners’ passport must be provided, and the document must be valid.
  2. If the owner is a resident of the UAE, a copy of the residence visa must be provided.
  3. A trade name reservation receipt must be provided, which includes the proposed name of your business.
  4. If there are partners, a partnership agreement must be submitted that shows the distribution of shares among the partners.
  5. For some activities, you may need to obtain additional approvals from certain authorities, and these approvals must be provided upon request.
  6. The form designated for requesting to open a commercial register must be filled out, which can be obtained from the Department of Economic Development or via the website.
  7. It requires providing a detailed description of the business, including the services or products you will offer.
  8. The location of the business, whether an office or a store, must be specified and proof of this address must be provided.
  9. If you have previously established a business, a copy of the previous license must be provided.

In conclusion, opening a commercial register and trade license in Dubai is a crucial step towards establishing a successful business in one of the most vibrant and innovative cities in the world. With a favorable investment environment and advanced infrastructure, Dubai contributes to enhancing the chances of success and growth for business owners. By adhering to the legal terms and requirements, investors can benefit from the many advantages that this emirate offers, including no taxes on profits and easy access to global markets. Proper planning and understanding the steps required to open a commercial register and trade license can contribute to achieving the desired business goals. Therefore, it is essential to adhere to the required procedures and obtain the necessary support to ensure the success of the project. With determination and a clear vision, business owners can turn their ideas into reality and achieve success in the dynamic Dubai market.

Frequently asked questions about opening a commercial register and a commercial license in Dubai