Opening a commercial register in the UAE is a crucial step for aspiring entrepreneurs looking to start their business ventures in this country, which is one of the most prosperous economic destinations in the world. Opening a commercial register gives you the opportunity to access a thriving international market and experience a modern and advanced business environment.
The UAE offers you quick and efficient procedures for opening a commercial register, providing the necessary support and guidance for entrepreneurs throughout the process. You must submit the required documents and pay the prescribed fees, and after completing these steps, you will receive your commercial license and be ready to start your business adventure.
With a business environment that encourages innovation and growth, the UAE is an ideal destination for individuals seeking to succeed in the business world. Start now to open Commercial Register in UAE And embark on a promising future full of unlimited opportunities and possibilities.
What is a commercial register?
Commercial Register in Dubai It is an official document issued by the competent government authorities, proving the legal registration of a company or commercial establishment. The commercial register is considered the commercial identity of the establishment, as it contains important information such as the company name, address, type of commercial activity, capital, and names of shareholders or partners. The commercial register helps organize and monitor commercial activities within the country, and enables companies to obtain the necessary licenses to conduct business, open bank accounts, and contract with other parties. In general, the commercial register represents a guarantee of transparency and credibility in commercial transactions, and enhances trust between companies, customers, and investors.
Who can open a commercial register in the UAE?
In the UAE, any individual or entity can open a commercial register, whether they are Emirati citizens or foreigners. Individuals, companies, investors, and entrepreneurs of various nationalities can open a commercial register to conduct commercial activities, whether within the free zones or in other areas. In Free Zones in DubaiForeign investors have greater flexibility as they can own 100% of the company without the need for a local partner. Outside the free zones, some activities may require a local partner to own a percentage of the company, according to local laws.
Opening a commercial register in the Emirates
The importance of the economy in the UAE
Due to the excellent location of the United Arab Emirates, in addition to many other advantages that have made the UAE one of the most popular countries that many people and businessmen resort to, everyone seeks and among the most famous countries that investing in it is a great success, but it is one of the most beneficial, the well-known countries are the most successful steps that a person can start with, because investing money in the United Arab Emirates returns to its owner with many benefits and advantages. With patience, a person makes a great transformation in his standard of living, as the United Arab Emirates enjoys the presence of many foreigners, in addition to the recent increase in its population, and this number enhances trade in the United Arab Emirates, which increases the benefits for people.
Opening a commercial register in the Emirates
Opening a business record in the United Arab Emirates is one of the important and necessary steps that must be taken when owning a company or institution in the United Arab Emirates. There are many conditions imposed by the Economic Development Authority in the United Arab Emirates, including the need to own and establish a business. This requires obtaining a license because all these steps take time and effort, in our company we do this work and make it available to our clients as quickly as possible and at the lowest possible cost.
Opening a commercial register in the Emirates It requires following specific procedures and obtaining the necessary licenses from the relevant authorities. The general steps to open a commercial register in the UAE include:
- Select business activity: You must determine the type of business you wish to engage in.
- Choosing the legal form of the company: You can choose between a sole proprietorship, a joint stock company, or a limited liability company, depending on your needs and business requirements.
- Determine the trade name: You must choose a trade name for the company and make sure that it is available and not similar to the names of other companies.
- Submission of the application: An application to open a commercial register must be submitted to the competent authority in the emirate in which you wish to establish the company.
- Payment of fees: The required fees must be paid to open a commercial register and obtain the necessary licenses.
- Required licenses: Some businesses may require additional licenses from the relevant authorities.
- Receive the license: After completing the procedures and paying the fees, you will obtain a commercial license that enables you to practice commercial activity in the Emirates.
Investors should review the regulations and legislations related to the commercial sector in the UAE and contact the relevant authorities to obtain more information and guidance on opening a commercial register.
Documents required to open a commercial register in the Emirates
The documents required to open a commercial register in the UAE may vary slightly depending on the type and geographical location of the company. However, here is a list of common documents you may need:
- Registration application form: The application requires filling out an official form specifying the type of company, its details and the business activity.
Copy of the company contract: A copy of the company contract signed between the shareholders or partners which specifies their rights and obligations must be submitted. - workplan: He needs to submit a business plan that includes a detailed description of the proposed company activities, marketing plan and projected financial resources.
- passport copy: Passport copies of shareholders or partners of the company must be submitted.
- Certificate of residence: If the shareholders or partners are not UAE nationals, you may need to provide a copy of the residence certificate issued by the relevant authorities.
- Company Profile: It includes other documents such as the personal information form for shareholders or partners, the necessary authorizations for the legal person representing the company, and a copy of the certificate of incorporation (if the company is being transferred from another entity).
- Financial reports: You may need to provide financial reports such as company financial statements or estimates of expected financial costs.
- Work Permit: If you intend to employ foreign employees, you will need to obtain the necessary work permit from the Immigration and Labour Department.
This is a general list of required documents, requirements may vary depending on the type of company and geographical location in the UAE. It is always advisable to check the current legal requirements and consult with the experts at Itqan to ensure that the appropriate documents are prepared and submitted according to the specified procedures.
Commercial Register in UAE
How to Choose the Right Type of Company to Establish in Dubai
Choosing the right type To establish a company in Dubai It depends on several factors including the type of business, number of shareholders, shareholder liability, and local law. There are several common types of companies in Dubai, which are:
- Sole Proprietorship: Owned and operated by one person, the owner is responsible for all debts and obligations of the company.
- Limited Liability Company (LLC): It consists of a fixed number of shareholders (usually 2 to 50 shareholders), who are only liable for the capital invested in the company.
- Public joint stock company: The public can participate in the capital and management of the company, and are shareholders in the profits and losses.
- Branch of a foreign company: Foreign companies can establish branches in Dubai to represent them and conduct business.
- Company in the free zone: Dubai’s free zones offer a unique business environment that encourages investment, making them a good choice for companies looking to expand.
To determine the appropriate type of company, you should consider the type of business, the number of shareholders, the liability of shareholders, and the tax and legal impact of each type. You can also consult with experts at Itqan Company who specialize in Company formation in Dubai To get the necessary advice.
