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Opening a commercial register in the Emirates for Saudis

١٦ مارس Opening a commercial register in the Emirates for Saudis

How to open a commercial register in the Emirates for Saudis? The Emirates is one of the most attractive destinations for investment and business in the region, providing a distinguished commercial environment that supports the growth and expansion of companies. Saudis seeking to open a commercial register in the Emirates face a range of opportunities and challenges. This step allows them to benefit from a huge and diverse market, in addition to the many advantages offered by the Emirates, such as tax exemptions, flexible regulations, and advanced infrastructure. In this article, we will review the basic steps to open a commercial register in the Emirates for Saudis , and highlight the requirements and procedures necessary to achieve success in this field.

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How to open a commercial register in the Emirates for Saudis

Opening a commercial register in the UAE is an important step for Saudis who want to start their business. Here are the detailed steps to do so:

  1. Determine the type of business: First of all, you must determine the type of business you want to engage in. It can be commercial, industrial, or service.
  2. Choosing a trade name: Choose a distinctive name that suits your business activity. The name must comply with the laws of the Emirates, and avoid prohibited names or names similar to other registered names.
  3. Apply for a license: You can apply for a commercial license through the Department of Economic Development in the emirate in which you wish to open the company. You must fill out the application form and submit the required documents.
  4. Preparing the required documents: You need to submit several documents, such as a copy of your passport. A personal photo. A partnership agreement (if there are partners). And documents supporting the nature of the activity (such as contracts or permits).
  5. Determine the location of the business: You must have a physical location for your business. You can rent an office or commercial space depending on the business requirements.
  6. Obtaining necessary approvals: Some activities require additional approvals from certain government agencies. Make sure to complete these approvals before proceeding.
  7. Paying the fees: After completing all the documents and approvals, you will need to pay the required fees to obtain the license.
  8. Receiving the commercial register: After completing the procedures, you can receive your commercial register, which allows you to start practicing your activity.
  9. Open a business bank account: Once you have your commercial registration, it is advisable to open a business bank account to facilitate your financial transactions.
  10. Tax Registration: Make sure to register with the Federal Tax Authority if your business requires it, to ensure compliance with tax regulations. By following these steps, you can easily open a commercial register in the UAE and start your business successfully.

Advantages of opening a commercial register in the Emirates for Saudis

Opening a commercial register to establish a company in Dubai allows Saudis to benefit from a range of advantages, making it an attractive option for investors and businessmen. Here are some of these advantages:

  1. The UAE has a business environment that supports innovation and growth, with advanced infrastructure and flexible laws that encourage investment.
  2. The UAE offers attractive tax breaks, with no income tax for individuals and companies in many free zones.
  3. The process of opening a commercial register is simple and fast, which helps investors start their business quickly.
  4. The UAE is an excellent launching point for entering new markets in the Middle East, Africa and Asia, increasing opportunities for growth and expansion.
  5. Saudis can choose from a wide range of business activities, whether commercial, service or industrial, allowing them to specialize according to their interests.
  6. The UAE has strong intellectual property laws, which help protect innovations and brands.
  7. Companies are allowed to hire talent from all over the world, which contributes to enhancing work quality and productivity.
  8. The process of opening business bank accounts in the UAE is relatively easy, which helps in managing business finances efficiently.
  9. The UAE has a modern transportation system and advanced logistics facilities, which facilitate the movement of goods and products.
  10. The UAE government encourages innovation and digital solutions, allowing investors to benefit from modern technologies. With these features, Saudis who open a commercial register in the UAE can achieve great benefits and enhance their chances of success in the business world.

Documents required to open a commercial register in the Emirates for Saudis

To open a commercial register in the UAE , Saudis need to submit a set of basic documents and papers. Here is a list of the required papers:

  1. Copy of passport: Must be valid, with a copy of visa (if you are a UAE resident).
  2. Profile Photo: A recent photo of users is usually required.
  3. Business Plan: The project idea and objectives should be clearly stated, as well as details about the target market.
  4. Choosing a trade name: A list of suggested trade names must be submitted, which must be distinctive and in compliance with the laws of the UAE.
  5. Business Documents: Include any additional permits or licenses that may be required depending on the type of activity (such as health permits if the activity is related to food).
  6. Lease Contract: A lease contract for the business premises must be submitted, stating the address of the office or shop.
  7. Partnership Agreement : If there are partners in the project, a partnership agreement must be submitted that specifies the percentage of ownership, rights and obligations.
  8. Identity Documents for Employees : In case of hiring employees, their identity documents must be submitted.
  9. Signing the application form: The application form for opening a commercial register must be completed and signed.
  10. Approval of activities: In some cases, you may need to obtain approvals from certain government agencies depending on the type of activity.
  11. Once you have submitted these documents and met the requirements, you can start the process of opening a commercial register and obtaining the necessary license to practice your business in the UAE.

Opening

Itqan Company services to open a commercial register in the Emirates for Saudis

Itqan Company provides a comprehensive set of services to help Saudis open a commercial register in the Emirates , making it easier for them to establish their businesses. Here are the most prominent of these services:

  1. Business Consulting: Itqan provides specialized consulting to help you understand the UAE market and choose the right business activity.
  2. Determine the trade name: The company helps you choose a trade name that complies with local laws and is distinctive and attractive.
  3. Document preparation: Itqan prepares and collects all the documents and papers necessary to open the commercial register, saving you time and effort.
  4. Submitting applications: Itqan is responsible for submitting the application for obtaining a commercial license to the competent authorities, and follows up on the procedures until approval is obtained.
  5. Facilitating rental procedures : The company helps you find suitable locations to practice your business and facilitates rental contract procedures.
  6. Obtaining the necessary licenses: Itqan provides support in obtaining any additional licenses that may be required for your type of activity, such as health or environmental permits.
  7. Opening a Business Bank Account: The company offers assistance in opening a business bank account, making it easier to manage your company’s finances.
  8. Tax Registration: Itqan helps you register with the Federal Tax Authority to ensure compliance with tax regulations.
  9. Continuous Support : Itqan provides continuous support to its clients after the company is established, including legal and administrative consultations.
  10. Providing recruitment services: The company helps you hire the right talent, including completing work and visa procedures. Through these services, Itqan aims to facilitate the process of opening a commercial register for Saudis in the UAE, which contributes to the success of their projects and the expansion of their businesses in the UAE market.

In conclusion, opening a commercial register in the UAE is a strategic step for Saudis looking to enter the thriving business market. The UAE offers a favorable business environment that supports innovation and growth, making it easier for investors to achieve their business goals. By following the necessary steps and gathering the required documents, Saudis can benefit from the many advantages offered by this dynamic market. In addition, using specialized companies such as Itqan can speed up the incorporation process and ensure compliance with all local laws and regulations. Investing in the UAE is not only an opportunity to make profits, but also a gateway to expansion and growth regionally and internationally, making it an ideal choice for anyone seeking success in the business world.

Frequently asked questions about opening a commercial register in the Emirates for Saudis