Opening a commercial register in Dubai is a vital step for anyone who wants to start a successful business in this vibrant and thriving city. Dubai provides an ideal investment environment and ample opportunities for those wishing to establish businesses, and then opening a commercial register is the basic beginning for that.
In cooperation with Itqan Company, you can obtain the support and guidance necessary to open a commercial register in Dubai with ease. Itqan Company offers its extensive experience and knowledge in the field of company establishment procedures in Dubai, and provides you with the necessary guidance to choose the appropriate type of license and determine the ideal location for your business.
Thanks to Itqan Company’s experience and professional guidance, you can now launch your business project in Dubai with confidence and optimism. Opening a commercial register in Dubai is the beginning of a fruitful professional success journey, and Itqan Company will be with you step by step to achieve your goals and realize your dreams in the business world in Dubai.
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ToggleWhat is the commercial registry in Dubai and what is its role?
The Dubai Commercial Registry is a registry managed by the Dubai Economic Development Department (DED), and is considered a legal identity for companies and businesses established in the Emirate of Dubai. The Commercial Registry plays an essential role in organizing and regulating business activities, as all companies and individuals conducting formal business activities in Dubai are registered. The commercial registry also helps provide transparency and legal protection for businesses, and is used as a tool to provide economic information and the necessary facilities for research and verification processes.
Opening a commercial register in Dubai
Under this role, here are the main steps to open a commercial registry in Dubai:
1. Choosing a business:
- Determine the type of business and activity you wish to engage in in Dubai.
- Ensure that the activity is permitted and complies with the laws of the free zone.
2. Determine the legal entity of the company:
- The company can be established as a sole proprietorship, limited liability company, or joint stock company.
- Choose the legal form that suits the nature of your business and your requirements.
3. Selection of office location and facilities:
- Locate the company’s head office in Dubai South.
- Consider the space and equipment requirements required for your business.
4. Obtaining the necessary licenses:
- Apply for a commercial license from the Dubai South authorities.
- You may also need additional licenses depending on the nature of the activity.
5. Completion of incorporation and registration procedures:
- Complete the company registration and establishment process with the competent authorities.
- Complete the banking procedures and open a company bank account.
You can seek assistance from legal and accounting consulting firms to assist you in this process. The Dubai South authorities also provide the necessary support and guidance during the establishment stages.
The cost of opening a commercial register in Dubai
The cost of opening a commercial register in Dubai varies according to the type of company, location, and chosen business activity. Generally, costs can include the following:
- Company registration fees: Includes the costs of registering the company and licensing it with the relevant authorities and various government bodies. These fees may vary depending on the type and category of company.
- Licenses and Permits Fees: Specific licenses and permits are required for some businesses, and there may be fees associated with this process.
- Legal consultation fees: You may need legal advice to prepare the necessary documents to open a commercial register, and this may incur an additional cost.
- Office and business address fees: If you need to rent an office or have a business address in a specific location, there may be additional fees for this.
- License Renewal Fees: The costs of renewing a business license on an annual basis should also be considered.
Documents required for commercial registry registration in Dubai
To register a commercial registry in Dubai, the Dubai Economic Development Department (DED) usually requires the submission of a set of necessary documents and papers. These documents usually include:
- A copy of the passport or ID card of the owner or shareholders.
- A copy of the lease contract for the workplace (if necessary).
- Commercial Registry Registration Application Form (submitted online or at DED offices).
- Shareholders’ documents and signatures on the form.
- A copy of the company’s business plan.
- Registration fee payment receipt.
Types of commercial activities that can be registered in the Dubai Commercial Register
Many types of business activities can be registered in a commercial registry in Dubai. There is a wide range of activities available which include but are not limited to:
- General trade: buying and selling products and goods in general.
- Professional Services: Providing professional services such as legal, accounting, engineering, marketing, technological, and other consultations.
- Industry: Manufacturing and processing of products in areas such as food, beverages, clothing, electronic products, chemical products, etc.
- Construction and Contracting: Building, construction, renovation and contracting works in various sectors.
- Logistics services: providing shipping, warehousing, distribution, transportation, customs clearance, etc. services.
- Tourism and Hospitality: includes hotels, restaurants, travel, tourism, entertainment, and tourism events.
Legal advantages for companies registered in the commercial registry in Dubai
Registering a company in the commercial registry in Dubai provides many legal and commercial advantages, including:
- Legal protection: Registration provides legal protection for the company and its owners from personal liability, as partners are considered liable only within the limits of the registered capital.
- Credibility and trust: The registration mark in the commercial registry enhances the company’s credibility before customers, business partners, and government agencies.
- Intellectual Property Rights: Registration in the commercial registry gives a company specific ownership rights to trademarks, patents, and trade secrets.
- Access to financing: Companies registered in the commercial registry can access financing more easily from banks and investors.
- Tax privileges: Companies registered in the commercial register may enjoy tax privileges such as tax exemptions or reduced tax rates.
- Expansion and growth: Registration in the commercial registry gives the company the ability to expand and grow by opening new branches and expanding the scope of its business.
- Financial dealings: Companies registered in the commercial registry can open commercial bank accounts and deal directly with customers and suppliers.
Legal advice for startups about commercial registration in Dubai
Here are some important legal tips for startups about commercial registration in Dubai:
- Ensure compliance with local legislation: Check all local laws and regulations related to commercial registry registration in Dubai, and ensure full compliance with them.
- Choosing the right type of company: Choose the right type of company according to your business needs and goals, such as a local company, subsidiary, or sole proprietorship.
- Select business activities carefully: Make sure you carefully select the business activities you intend to engage in, and ensure that they are compliant with local regulations.
- Consult a specialist lawyer: Before starting the commercial registry registration process, consult a lawyer specialized in local commercial law for accurate and reliable legal advice.
- Prepare necessary documents carefully: Carefully prepare all required documents, such as copies of passports, rental contracts, registration application forms, and any other required documents.
- Keep copies of documents: Keep a copy of all the documents you submitted for the commercial registry registration, and retain them for future review and auditing purposes.
In conclusion, opening a commercial register in Dubai is an important and vital investment step for those wishing to start a business in this vital emirate. In cooperation with Itqan Company, you can benefit from the expertise and specialized services to facilitate the process of opening a commercial register in Dubai smoothly and effectively.
Itqan Company’s services include providing professional consultations and guidance on the legal and regulatory procedures necessary to open a commercial register in Dubai, in addition to helping you prepare and submit the required documents and complete all procedures with high efficiency.
By choosing to cooperate with Itqan Company, you guarantee yourself a strong and successful start in your business career in Dubai . Do not hesitate to start now and benefit from the services of Itqan Company to open a commercial register in Dubai, and begin your journey towards success and prosperity in the business world in this vital economic emirate.
The most important frequently asked questions about opening a commercial register in Dubai
What is the commercial register in Dubai?
The commercial registry is an official document that records company information such as the trade name, type of activity and legal responsibilities.
What are the basic steps to open a commercial register in Dubai?
Determine the type of business activity, choose the trade name, submit the required documents to the Department of Economic Development, and pay the fees.
What are the main requirements for commercial registry registration in Dubai?
Personal identification documents, registration application form, rental contract or proof of ownership, and establishment permit.
How much does it cost to open a commercial register in Dubai?
Costs vary depending on the type of activity and company size, and include registration fees, licenses, and legal advice.
Is it possible to open a commercial register in Dubai without having an office?
New companies must obtain an approved business office or headquarters to register the commercial registry in Dubai.
What business activities can be registered in the Dubai Commercial Register?
A variety of business activities can be registered including trade, industry, services, and real estate.