Opening a commercial registry in the United Arab Emirates is an important strategic step for Saudis who want to expand their business and explore investment opportunities in a thriving international market. The Emirates is characterized by a vibrant and encouraging business environment that provides various opportunities for emerging, medium and large companies. This comprehensive guide will provide you with everything you need to know to open a commercial register in the UAE as a Saudi, from the procedures and legal requirements to the benefits and challenges you may face in this process. Follow this article, which provides you with many details to know the steps and procedures for opening a commercial register in the Emirates for Saudis.

 

What is the commercial register in Dubai?

The Dubai Commercial Registry is an official document containing the details of the company or commercial establishment registered in the Emirate of Dubai. The commercial register is considered one of the main pieces of evidence proving the legitimacy of the company’s presence and commercial activity in the emirate. The commercial register includes information such as company name, company type, head office address, capital, shareholder information, and registration date. All companies and commercial establishments in Dubai are required to obtain a valid and up-to-date commercial register, which they must present in many commercial transactions such as opening a bank account, submitting license applications, and executing employment contracts. The Commercial Registry serves as an essential reference for government agencies, customers and business partners to verify the legitimacy of the company and its commercial details in Dubai.

The Dubai Commercial Registry is an essential element for regulating commercial activities and developing businesses in the emirate. Thanks to the simplified government procedures and facilities provided by the Dubai Government, companies and commercial institutions can obtain the commercial registration quickly and efficiently, making it easier for them to conduct their business efficiently and effectively in a dynamic and prosperous commercial environment. The commercial registry in Dubai is a vital tool to support investment and enhance confidence in the commercial environment, and contributes to strengthening Dubai’s position as one of the most prominent global business destinations.

Steps to establish a Dubai company

Choosing the legal form of the company in that the company can be a sole proprietorship, a limited liability company, a public joint stock company, or other organizational forms. The appropriate form must be determined based on the nature of the company’s activity and the expected number of shareholders. In addition to the following steps:

1. The commercial activity that the company will practice must be carefully determined in order to obtain the appropriate commercial license.
2. A suitable location for the company must be chosen and registration procedures must be completed with the Department of Economic Development in Dubai.
3. Obtaining a commercial license: After determining the legal form and commercial activity, an application is submitted to obtain a commercial license.
4. A bank account must be opened in the company’s name to facilitate the management of financial transactions.
5. The incorporation process also requires taking action to hire the right workforce.

The company may need to obtain additional insurance and licenses depending on the nature of its activity.
These are the basic steps for setting up a company in Dubai . Some details can vary depending on the nature and size of the company. More information can be obtained from the Department of Economic Development in Dubai.

Conditions for opening a commercial register in Dubai for Saudis

Opening a commercial register in the UAE for Saudis requires compliance with some conditions and procedures. Here are some basic conditions:

1. Company type: Saudis can choose the type of company they wish to establish, such as a sole proprietorship, a joint stock company, or a limited liability company.
2. Capital: Opening some types of companies may require a certain capital, and the amount varies depending on the type of company.
3. Licenses and permits: The company may need licenses or permits specific to its commercial activity, such as a license from the municipality or the Ministry of Economy.
4. Trade name: The company must choose a trade name that does not conflict with trade names previously registered in the Emirates.
5. Shareholders: There can be other shareholders in the company, and their descriptions and ownership percentage must be determined.
6. Head Office: The company must determine the location of the head office where its business will be conducted.
7. Bank account: The company must open a bank account in the UAE to manage its financial operations.
8. Taxes: The company must register with the UAE Tax Authority and comply with local tax legislation.

These conditions depend on the type of company and commercial activity, and may differ slightly from one emirate to another. Therefore, it is preferable to verify the exact conditions with the relevant authorities before starting the process of opening the commercial register.

Steps to open a commercial register in Dubai

Decide what type of company you want to establish, such as a sole proprietorship, joint-stock company, or limited liability company. Here are general steps to open a commercial register in the UAE for Saudis:

1. Choosing a company name: Choose a name for your company that does not conflict with previously registered trade names in the UAE.
2. Define responsibilities and rights: Identify shareholders and the financial rights and responsibilities of each.
3. Capital arrangement: Determine the amount of capital needed for your company, which depends on the type of company.
4. Locate Head Office: Locate your company’s head office in the UAE.
5. Obtaining licenses and permits: Obtain the necessary licenses and permits for your business activity from the relevant authorities, such as the Ministry of Economy.
6. Submitting the application: Submit the application to open the commercial register and the required licenses to the Department of Economic Development or the competent authority in the emirate in which you wish to invest.
7. Payment of fees: Pay the fees required to open the commercial register and obtain licenses.
8. Signing contracts: Sign the necessary contracts with the relevant authorities, such as banks and professional services companies.
9. Obtaining the final license: After meeting all conditions and licenses, you will be granted the final work license.

Saudis who wish to open a commercial register in the Emirates must adhere to local laws and regulations, and it is preferable to consult the Itqan team for further information and guidance.

 

Reasons to invest in Dubai

There are many reasons why Dubai is an ideal investment destination, and these reasons include:

1. Advanced Infrastructure: Dubai is characterized by advanced infrastructure, providing an ideal environment for companies and investors.
2. Stable Economy: Dubai’s economy is stable and diversified, making it an attractive place to invest.
3. Suitable business environment: Dubai has an open business environment full of opportunities, through which international companies can access different markets.
4. Encouraging government policies: The Dubai government adopts policies that encourage business and investment, which attracts investors from all over the world.
5. Government Facilities: The Dubai government provides the necessary facilities for companies and investors, such as simple procedures for opening companies and quick licenses.
6. Political Stability: Dubai enjoys political stability, ensuring that the commercial environment remains stable and business-friendly.
7. Economic freedom: Dubai enjoys high economic freedom, which makes it easier for companies to implement their ideas and achieve their goals easily.
8. Appropriate local laws: Dubai adopts appropriate local laws that protect the rights of investors and facilitate the conduct of business.

These are just some of the reasons why Dubai is a distinguished investment destination. Dubai provides investment opportunities in a variety of sectors such as real estate, tourism, technology, and trade, making it an attractive destination for investors from all over the world.

In short, opening a commercial register in the UAE for Saudis is an important strategic step to expand business and explore investment opportunities in a thriving international market. The UAE is characterized by a modern and encouraging business environment, which provides broad opportunities for success and prosperity. By adhering to the required legal and administrative procedures, Saudis can easily establish their companies and achieve their business goals in the UAE. This step is a promising future investment and contributes to strengthening economic and trade relations between the two countries, which benefits both the Saudi and Emirati economies.

Frequently asked questions about opening a commercial register in the Emirates