In Dubai, the commercial registry is considered one of the essential tools that contribute to organizing and regulating businesses. The commercial registry allows companies and individuals to officially register their commercial activities and reflects their compliance with local commercial laws and legislation. In this article, we will take a look at the advantages of opening a commercial registry in Dubai and how investors and business owners can benefit from it. We will review the most important aspects that make the commercial registry in Dubai a vital tool for business, focusing on the benefits and facilities it provides and how to make optimal use of them. Read on to discover more about the advantages of opening a commercial registry in Dubai and its role in enhancing the business environment in the city.

Opening a commercial registry in Dubai is a strategic move that offers tremendous business and investment opportunities. In order to exploit these opportunities in the best possible way, itqan company can be used as a reliable consulting partner. Itqan has extensive experience in the field of opening a commercial registry in Dubai and providing legal and administrative services. In this comprehensive article, we will review the advantages of opening a commercial register in Dubai, focusing on advanced infrastructure, open investment laws, access to global markets, and many other benefits. We will also highlight the role of Itqan Company in facilitating this process and providing support and professional advice to achieve the success of your business project in Dubai. This article will be a comprehensive guide for everyone wishing to benefit from the advantages of opening a commercial register in Dubai and cooperating with Itqan Company to ensure the success and sustainability of their business in this dynamic and growing market.

What is the trade registry in Dubai?

The Dubai Trade Register is an official register used to register various companies and businesses in the Emirate of Dubai in the United Arab Emirates. The Trade Register is considered a vital tool for regulating and regulating commercial activities, as the Commercial Register is considered a reference for information related to companies, merchants and commercial institutions in the emirate.

Through the Trade Register, individuals and companies can officially register their business activity, whether sole proprietorships, joint stock companies, limited liability companies or any other form of business. The Trade Register also allows recording amendments to registered company data, such as changing trade names, addresses or licences.

In general, the Dubai Trade Register aims to enhance the commercial environment in the emirate and encourage investment and trade, by providing a legal and regulatory framework that contributes to facilitating procedures for opening and operating businesses and providing transparency and legal security for individuals and commercial companies.

Steps to open a commercial register in Dubai

Opening a commercial register in Dubai requires following a series of official and legal steps. Here are general steps that can be taken to open a commercial register in Dubai:

1. Determine the type of business activity: Above all, the investor must determine the type of business activity he wishes to practice, and ensure its compliance with local laws and legislation.
2. Choosing a trade name: A trade name must be chosen that is unique and not similar to the names of other registered companies, and must be consistent with local laws.
3. Preparing the necessary documents: Personal documents must be prepared for the owner or shareholders, including passports, their photos, and a copy of the visa, if any.
4. Visit the Department of Economic Development: You must visit the Department of Economic Development in Dubai to apply for a commercial license and submit the required documents.
5. Submitting the application and paying the fees: After submitting the application and submitting the required documents, the prescribed fees must be paid to issue the commercial license.
6. Waiting for approval: After submitting the application, it is reviewed by the competent authorities, and you must wait to obtain final approval.
7. Receiving the license: After approval, the final business license can be received, and the business owner must check the license details and ensure that everything is in accordance with the requirements.

Advantages of opening a commercial register in Dubai

Investors resort to establishing companies and opening a business account in Dubai because of the advantages that accrue to them, and we review some of these advantages in the following points:

• The city of Dubai is characterized by a distinctive strategic location linking East to West.
• Dubai is one location for investments and is rapidly developing as a global market.
• Dubai is characterized by tremendous development and investment opportunities.
• Diversity of investment opportunities, the most prominent of which is commercial investment.
• Speed ​​of business and project growth in the short term.
• Dubai has a strong, world-class, rapidly developing and high-quality infrastructure.
• Many advantages while staying in Dubai.
• Dubai enjoys economic and industrial growth in all fields.

Documents required to register the company in the Dubai Trade Registry

To register the company in the Dubai Trade Registry, a set of necessary and required documents must be submitted. The required documents may vary based on the type of company and its structure, but usually, they include the following basic documents:

1. Registration application form: The registration application form must be filled out with the necessary information about the company, such as the company name, type of business activity, and shareholders’ personal information.
2. Company document (Memorandum of Association): This document defines the structure and objectives of the company, including the company name, location, business activity, and shareholder rights and obligations.
3. Articles of Association: This document defines the company’s internal procedures and regulates the relationships between shareholders and company management.
4. A copy of the shareholders’ personal ID: A copy of the passport or personal ID card of the company’s shareholders must be submitted.
5. Power of Attorney Form: If there is a representative handling the registration procedures on behalf of shareholders, a power of attorney form signed by the shareholders must be submitted.
6. Tax withholding notice: Registration in the Trade Register may require the submission of a tax withholding notice by the tax authority.
7. Registration fees: The required fees must be paid to register the company in the trade registry.

Opening a commercial register in Dubai

Fees required to register the company in the Dubai Trade Registry

Fees for registering a company with the Dubai Trade Registry vary based on the type of company and its activity, and may also be affected by government procedures and changing local legislation. However, a general estimate of the fees required can be provided depending on the common type of company, such as limited liability companies.

The fees required to register a company with the Dubai Trade Registry usually include:

1. Application Fee: This fee is paid when submitting an application for registration in the Trade Register.
2. Service fees: Some services provided by government agencies may require payment of additional fees.
3. Incorporation fees: These fees may include the costs of preparing the necessary documents such as the company document and the incorporation document.
4. Issuance fees: Paid to obtain the final commercial license after approval of the registration application.
5. Renewal fees: In some cases, an annual fee is charged to renew the business license.

How can we help you to open a commercial register in Dubai?

• We offer a range of distinguished services that help investors and businessmen establish companies in the UAE market.
• We have experts in dealing with government agencies.
• We help clients plan business projects in Dubai.
• Follow up with customers on an ongoing basis.
• Obtaining all commercial licenses in standard documents.
• Providing offices for rent.
• Completing all procedures and clearing papers from all government agencies.

Benefits of trade register in Dubai

Dubai Trade Registry provides a range of important benefits for business owners and companies, among these benefits:

• Legitimacy and Legal Compliance: The Dubai Trade Registry gives businesses legitimacy and compliance with government laws and legislation, ensuring the safety of business activities and customer rights.
• Market Access: Dubai\’s trade registry gives companies access to the local and global market, opening new horizons for growth and expansion.
• Legal protection: The Dubai Trade Registry ensures legal protection for intellectual property and trademarks, which protects the rights of companies and contributes to preventing violations.
• Trust and credibility: The trade register in Dubai increases the credibility of companies and the confidence of customers and business partners, as the commitment to legal registration reflects the extent of seriousness and professionalism.
• Government Facilities: The Dubai Trade Registry provides government facilities such as electronic services and simplified procedures for licensing and renewal, which saves time and effort for business owners.
• Access to support and services: The Dubai Trade Register provides access to a range of services and support provided by the government and economic bodies, such as technical support, training and financing.

In conclusion, opening a commercial registry in Dubai stands out as an exciting business and investment opportunity, as Dubai has a dynamic business environment and a distinct strategic location. Through this process, those interested in entrepreneurship can benefit from many advantages, including access to a global market, diversity in economic sectors, advanced infrastructure, and simple administrative procedures. In addition, opening a commercial register in Dubai provides an opportunity to grow, expand and achieve success in the business world. If you are looking for an ideal environment to start your business or expand your current business, opening a commercial register in Dubai can be the ideal option that achieves your goals and contributes to achieving sustainable success.

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