Opening a commercial registry in Dubai is considered an important strategic step for Saudis looking for investment opportunities in the vibrant Dubai market. Dubai offers advanced infrastructure and a suitable investment environment that attracts investors of various nationalities, and Saudis have multiple options for establishing through local companies or foreign branches. Opening a commercial register in Dubai allows Saudis to benefit from the large local market and access a global network of diverse businesses and commercial opportunities. The article includes an explanation of the necessary procedures and legal requirements, in addition to a review of the strategic advantages of opening a commercial registry in Dubai for Saudi investors.

Conditions for opening a commercial register in Dubai for Saudis

To open a commercial register in Dubai , Saudis must adhere to several conditions and procedures:

1. Local partner or local agent: The Saudi must own a partnership with an Emirati citizen, as the Emirati can be a partner with no less than 51% of the capital, or act as a local agent for the company.
2. Permits and licenses: The necessary government permits and licenses must be obtained from the competent authorities in Dubai, depending on the type of business activity chosen.
3. Registration in the Economic Department: Opening a commercial register requires registering the company with the Dubai Department of Economic Development or other competent authority depending on the type of activity.
4. Required capital: The capital required to establish the company must be determined, which varies based on the type of company and the chosen activity.
5. Legal and administrative procedures: Saudis must adhere to local laws and regulations, and complete all legal and administrative procedures related to company establishment.

The cost of opening a commercial register in Dubai for Saudis

The costs of opening a commercial register in Dubai vary based on the type of company and the region you choose. Here’s an overview without mentioning specific numbers:

• Registration fees: These include fees for registering the company in the commercial registry, and vary according to the type of company and geographical region.
• Legal consultation costs: You may need legal advice to guide you through the registration process, which adds to the overall costs.
• Virtual Office Costs: If available, you may be required to create a virtual office address.
• Government service fees: such as export and import fees and other local fees.
• Business license costs: depend on the type of business activity you intend to undertake.
• Administrative costs: such as opening a bank account for the company, maintenance fees, necessary insurances, and communications.

Documents required to open a commercial register in Dubai

Opening a commercial register in Dubai requires submitting a set of official documents and procedures. Here is a list of basic documents required to open a commercial register in Dubai:

• Copy of passport: Copy of passport for shareholders and directors.
• Personal photographs: Recent passport size photographs of shareholders and directors.
• Commercial License Application Form: The Commercial License Application Form must be completed and submitted to the Dubai Economic Development Department (DED).
• Approval of competent government authorities (if necessary): Some commercial activities may require additional approvals from competent government authorities such as the Ministry of Health or the Ministry of Tourism.
• Choosing and registering the company name: An application must be submitted to choose and register a trade name for the company and ensure that it does not conflict with other registered names.
• Memorandum of Association and Articles of Association of the company: Preparing and signing the Memorandum of Association and Articles of Association of the company and having it authenticated by a notary.
• No objection certificate: If one of the shareholders or directors is a government employee, you may need to provide a no objection certificate from his employer.
• Lease Contract: A copy of the lease contract for the office or commercial shop authenticated by the Dubai Land Department.
• Initial approval: Obtaining initial approval from the Department of Economic Development for the proposed commercial activities.
• Capital Certificate: Proof of the capital deposited in the bank in the case of some types of companies such as limited liability companies.
• Authorization of Director: If a director has been authorized, a signed and notarized authorization document must be presented.
• Shareholder information form: Submit a form containing information about shareholders and directors.

The importance of opening a commercial register in Dubai

Opening a commercial register in Dubai comes with many benefits that enhance the chances of success and growth for any business. Here are some of the main reasons why it is important to open a commercial registry in Dubai:

1. Advanced investment environment: Dubai provides an advanced investment environment, as it is considered one of the leading economic centers in the world, which provides companies with great growth and prosperity opportunities.
2. Tax facilities: Dubai is characterized by encouraging tax policies, including not imposing personal income taxes and corporate taxes in many cases, which makes it an attractive destination for foreign investors.
3. Strategic location: Dubai’s geographical location makes it a trade gateway between East and West, facilitating access to regional and global markets.
4. Advanced Infrastructure: Dubai has an advanced infrastructure that includes modern airports and ports, in addition to advanced communications networks and roads, which facilitates business operations.
5. Free zones: Dubai includes many free zones that provide full foreign ownership (100%), and customs and tax exemptions, which enhances investment opportunities.
6. Political and economic stability: Dubai enjoys great political and economic stability, which creates a safe and sustainable environment for companies to conduct their business.
7. Ease of procedures: Facilitating the administrative and bureaucratic procedures for opening a commercial register, with the presence of many specialized offices that help facilitate this process.
8. Diversity of economic activities: Dubai supports a wide range of economic and industrial activities, allowing companies to operate in various sectors such as trade, technology, tourism, financial services, real estate, and others.
9. Flexible Legislation: Laws and legislation in Dubai are flexible and updated regularly to encourage and stimulate investments, while providing strong legal protection for companies and investors.
10. Financing opportunities: There are various financing opportunities from banks and financial institutions in Dubai, which makes it easier for companies to obtain the necessary financing to expand their business.

The most important tips for the success of the process of opening a commercial register in Dubai

Here are some important tips for the success of the process of opening a commercial register in Dubai:

• Research and advance planning: Before embarking on the process of opening a commercial registration, conduct comprehensive research about the market and local competition, and analyze the demand for the services or products you intend to provide.
• Choosing the right business: Make sure you choose a business that is compatible with local legislation and laws, and check that it fits with your business plans and goals.
• Choosing the appropriate area: Determine the area that suits your business, whether it is a free zone or a general commercial area, and be sure to understand the differences between each of them in terms of facilities and costs.
• Dealing with approved company incorporation offices: Use the services of offices specialized in company incorporation in Dubai to ensure full compliance with legal procedures and provide the necessary guidance during the incorporation process.
• Legal and Financial Audit: Consult legal advisors and certified accountants to verify all required financial documents and procedures, and ensure compliance with all local regulations and legislation.
• Determine business plans and budget: Develop solid business plans and determine an accurate budget to finance the company’s operations at its beginning and future growth periods.
• Marketing and relationship building: Invest in effective marketing strategies to attract local customers and build networks with relevant local businesses and entities.
• Compliance and Legislation: Ensure full compliance with all local business-related regulations and legislation, including taxes, licences, employment rights and safety.
• Continuous evaluation and improvement: Regularly review your company’s performance, identify areas for improvement, and develop strategies to enhance growth and increase profitability.

In the conclusion of the article that dealt with opening a commercial register in Dubai for Saudis, the importance of taking advantage of the promising investment opportunities in Dubai and the Emirates in general can be highlighted. You can emphasize the advantages that Dubai provides to Saudi investors, such as advanced infrastructure, flexible economic policies, and encouraging investment laws. The conclusion should encourage making use of the expertise and resources available at specialized companies in the UAE to help Saudis successfully establish their businesses in Dubai.

The most important frequently asked questions about opening a commercial register in Dubai for Saudis