Opening a commercial register in Dubai for Saudis is an important step towards taking advantage of the promising economic opportunities in the emirate, as Dubai is characterized by an encouraging and attractive business environment for investors from all over the world. Dubai has an advanced infrastructure, a supportive legal framework, and flexible economic policies, making it an ideal destination for establishing businesses. Dubai is a leading financial and commercial center in the region, and offers great opportunities for commercial projects thanks to its strategic location and global connectivity.
Cooperating with specialized companies such as Itqan Company enhances the chances of business success, as these companies provide full support to investors by offering specialized consultations and integrated services that help facilitate all legal and administrative procedures. By relying on Itqan’s expertise, Saudi investors can avoid routine obstacles and focus on growing their businesses and achieving their commercial goals.
Finally, opening Commercial registration in Dubai for Saudis A strategic step towards building a prosperous economic future and benefiting from the great potential offered by the emirate. This decision reflects Dubai’s commitment to providing a stimulating and supportive business environment for growth and innovation, making it the ideal choice for investors seeking success and excellence in the business world.
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ToggleTypes of commercial licenses available in Dubai
In Dubai, there are several types of business licenses that can be obtained depending on the type of business activity you wish to practice. Each type of license meets different business needs. Below are the most prominent types of business licenses available in Dubai:
- Commercial License: Issued to companies engaged in commercial activities such as retail and wholesale, import and export, and commodity trading.
- Professional License: Issued to individuals and companies that provide professional services such as consulting, financial auditing, legal services, and training. This license requires submitting the qualifications and certificates required to practice the profession.
- Industrial License: Issued to companies involved in industrial activities such as manufacturing, production and assembly. Obtaining this license requires compliance with industrial and environmental standards.
- Tourism License: Issued to companies operating in the tourism sector such as travel agencies, hotels, and tourism and entertainment services.
- Agricultural License: Issued to companies engaged in agricultural activities such as crop cultivation and animal husbandry.
- E-commerce License: Issued to companies that conduct business online. This license includes online sales, digital marketing, and providing electronic services.
- Free Zone License: Issued to companies wishing to operate within the free zones in Dubai. This license offers many benefits such as tax exemptions and full foreign ownership. There are several free zones in Dubai such as Dubai Internet City, Dubai Media City, and Jebel Ali.
- LLC License: Issued to companies consisting of two or more partners, it allows them to practice specific business activities. This type of license provides legal protection for shareholders.
- Foreign Company Branch License: Issued to foreign companies wishing to open a branch in Dubai. This license enables foreign companies to practice the same activities they practice in their home country.
Documents required to open a commercial register in Dubai
Open a commercial register in Dubai It requires submitting a set of documents to the relevant authorities. The required documents vary depending on the type of business activity and the type of license required, but there is a basic set of documents that you usually need:
- Company Registration Application Form: The company registration application form must be completed and submitted to the Department of Economic Development (DED) in Dubai.
- Copies of passports: Certified copies of passports of all shareholders and directors of the company must be submitted.
- Copies of residence visas: If the shareholders or directors are residents of the UAE, copies of residence visas must be provided.
- No Objection Certificate (NOC): If a shareholder works for another company in the UAE, he/she may need to provide a No Objection Certificate from his/her current employer.
- Articles of Association and Bylaws: The company’s articles of association and memorandum of association must be submitted, which include details about the company’s structure, objectives, and the rights and duties of shareholders.
- Action Plan: Authorities may require a detailed business plan that outlines the nature of the business, future goals, and financial and marketing strategies.
- Proof of address: A lease or proof of address for the company’s head office must be provided.
- Approval of the relevant authorities: For some business activities, you may need additional approvals from relevant authorities such as the Ministry of Health or the Telecommunications Regulatory Authority.
- Initial license: The initial license can be obtained from the Department of Economic Development, which confirms the acceptance of the company name and its commercial activity.
- Proof of payment of fees: Proof of payment of the required fees for the company registration process must be provided.
Costs associated with opening a commercial register in Dubai
Costs associated with opening Commercial register in Dubai They can vary depending on several factors such as the type of business, location (whether in a free zone or on the mainland), and size of the company. Here is an overview of some of the basic costs you can expect:
- Trade name registration fees: This fee is paid when registering the company’s trade name with the Department of Economic Development (DED).
- Commercial License Issuance Fees: Fees vary depending on the type of license required (commercial, industrial, professional, etc.) and range depending on the business activity and company.
- Government approval fees: You may need to pay additional fees to obtain approvals from relevant authorities, such as the Ministry of Health or the Telecommunications Regulatory Authority, depending on the type of business activity.
- Articles of Association and Memorandum of Association Fees: The fees include preparing and documenting the company’s articles of association and memorandum of association with a notary public.
- Office Rental Fees: Businesses need a physical office or address, and rental costs vary depending on the location and size of the space required. Rent in free zones can be slightly higher than in other locations.
- Professional Services Fees: Costs include hiring legal advisors or companies specialising in company formation to provide advice and assistance with the procedures.
- Medical examination and residence visa fees: If shareholders or directors require residence visas, there will be additional costs for medical examinations and issuing visas.
- Bank guarantee fees: Some companies may be required to provide a bank guarantee as part of their licensing requirements, especially if they are recruiting foreign workers.
- Chamber of Commerce Membership Fees: There are annual membership fees in chambers of commerce such as the Dubai Chamber of Commerce and Industry.
- License renewal fees: The business license must be renewed annually, and there are fees associated with the renewal process.
Commercial License in Dubai
Commercial License in Dubai
Dubai is one of the world’s leading business destinations, attracting businesses and investors from all over the world with its advanced infrastructure, dynamic economic environment, and business-friendly laws. Obtaining a trade license in Dubai is a crucial step for any business activity, as this license provides legal legitimacy to conduct business in the emirate.
To obtain a business license in Dubai, companies must follow a set of legal steps and procedures. The process begins with choosing the type of business activity and determining the type of license required, whether commercial, industrial, professional, or tourism. This is followed by choosing an appropriate trade name, which must comply with the standards and regulations set by the Dubai Department of Economic Development.
Preparing the necessary documents is an essential step in the process of obtaining a commercial license. These documents include a copy of the passport of the founders and directors, personal photos, a lease or ownership contract for the commercial premises, in addition to submitting an official application form. After collecting the required documents, the application is submitted to the Department of Economic Development and the prescribed fees are paid.
The Department of Economic Development (DED) is the entity responsible for issuing and renewing business licenses in Dubai. DED offers multiple services to make the process easier for investors, including e-services that allow applications to be submitted and tracked online. After submitting the application and paying the fees, the documents are reviewed by DED, and upon approval, the business license is issued.
Renewing a trade license requires similar procedures, whereby a renewed lease contract must be submitted and the required fees must be paid. It is essential to renew before the license expires to avoid any fines or cessation of business activity. A trade license in Dubai is an essential tool to enable companies to operate legally and in an organized manner, which contributes to enhancing economic growth and business sustainability in the emirate.
Steps to renew a commercial license in Dubai
Necessary steps To renew a commercial license in Dubai Includes:
- Check license expiration date: Before starting the renewal process, check the expiration date of your business license. You should be aware of the license renewal deadline to avoid fines and potential legal consequences.
- Collect the required documents: Gather the necessary documents for the renewal process. This may include a copy of the old license, passport, a personal photo, and any other documents requested by the relevant authority.
- Submit a renewal application: The renewal application may be submitted online through the Dubai Department of Economic Development’s e-services portal or by visiting the relevant entity in person. You may be required to complete the renewal form and submit the required documents in the specified format.
- Payment of fees: Pay the required renewal fees. The fees are determined based on the type of license and your business activity.
- Inspection and review: An inspection of your work site may be carried out by the licensing authority to verify compliance with the required standards and conditions.
- Receiving the renewed license: After completing all procedures and paying the fees, you will be able to receive the renewed commercial license. A copy of it must be kept as evidence of the license renewal.
Finally, the opening represents Commercial register in Dubai For Saudis, it is a strategic step towards achieving success and prosperity in one of the most prominent business centers in the world. The available facilities and flexible procedures make Dubai an ideal destination for ambitious Saudi entrepreneurs. By opening a commercial register in Dubai for Saudis, you can benefit from the advanced economic environment, advanced infrastructure, and continuous government support for commercial projects.
Partnering with Etqan Company contributes to simplifying the process of opening a commercial register in Dubai for Saudis, as Etqan provides integrated services including legal and administrative consultations, which helps overcome potential challenges with ease and smoothness. Through this partnership, Saudis can start their projects with confidence, benefiting from the extensive experience of the Etqan team in the fields of establishing businesses in Dubai.
In conclusion, opening a commercial register in Dubai for Saudis is not just a step towards business expansion, but rather the beginning of achieving long-term visions and goals in a growing global market. With a trusted partner like Itqan, the path to success in Dubai becomes clearer and easier. We urge all Saudi entrepreneurs to seize this unique opportunity to achieve their business successes in one of the most prominent business capitals in the world.
The most important frequently asked questions about opening a commercial register in Dubai
What documents are required to open a commercial register in Dubai?
Answer: Documents include a copy of the passport, personal photos, a lease or ownership contract for the premises, a copy of the Emirates ID (if you have one), and other documents that may be required depending on the type of business activity.
How long does it take to open a commercial register in Dubai?
Answer: Opening a commercial register in Dubai usually takes from a few days to a few weeks, depending on the type of business and the procedures required.
Can foreigners open a commercial register in Dubai?
Answer: Yes, foreigners can open a commercial register in Dubai, and there are several options available to them, including establishing a company in the free zone that allows full foreign ownership.
Does opening a commercial register in Dubai require a local partner?
Answer: In some cases, opening a commercial register requires a local partner who owns a certain percentage of the company, especially for companies outside the free zones. However, there are options that allow full foreign ownership, such as establishing a company in the free zones.
Can I run a business from home in Dubai?
Answer: It depends on the type of business. Some businesses may require an official business location, while others can be operated from home provided they obtain the necessary approvals.
What are the free zones in Dubai and how are they different from other areas?
Answer: Free zones in Dubai offer a favorable business environment with benefits such as 100% foreign ownership, tax exemptions, and simplified incorporation procedures. Free zones differ from other areas in Dubai in terms of regulation and restrictions on business activities.
Can the type of business activity be changed after obtaining the license?
Answer: Yes, it is possible to change the type of business activity after obtaining the license, but this requires submitting an application to amend the commercial license and obtaining the necessary approvals from the Department of Economic Development.