What is the commercial register in Dubai?

The Dubai Commercial Registry is an official system that documents and registers all companies and businesses established in the Emirate of Dubai. The Commercial Registry is a major source of commercial and legal information about companies and organizations in Dubai. The commercial registry aims to regulate commercial activities, achieve transparency, and protect the rights of customers and business partners.

Through the commercial registry, important information such as the name of the company, type of business activity, date of establishment, address of the headquarters, and details of shareholders and directors are documented. The Commercial Registry is managed by local authorities in Dubai, and all registered companies and businesses must adhere to the laws and regulations governing commercial activities in the emirate.

Procedures necessary to register a company in the commercial registry in Dubai

To register a company in the Dubai Trade Registry , several procedures must be followed, including the following steps:

1. Choosing the type of company: You must decide the type of company you want to establish, whether it is a limited liability company, a joint stock company, or a sole proprietorship, according to the business activities you intend to practice.
2. Choosing a company name: An appropriate name must be chosen that is not similar to the names of companies already present in the trade register, and it must comply with local laws and regulations.
3. Preparing the required documents: The required documents must be prepared, which may include the company’s contracts, registration application form, ID photos for shareholders, and other required documents according to the type of company.
4. Submitting a registration application: After preparing the documents, the registration application must be submitted to the Dubai Trade Registry, and the prescribed fees must be paid with the registration application.
5. Obtaining licenses and permits: After accepting the application and verifying the documents, the necessary licenses and permits are issued to start the business activity.
6. Ensure legal compliance: The company must ensure compliance with all local laws and regulations, and pay tax and other government fees regularly.

Benefits of registering the company in the commercial registry in Dubai

Registering a company in the Dubai Trade Registry provides many benefits to business owners and investors, and among these benefits are:

• Transparency and trust: Registration of the company in the Trade Register ensures transparency and integrity in business, which increases the company’s credibility before customers, partners and investors.
• Legal protection: Registration provides legal protection for the company and its owners, as the legal rights and obligations of the company are clearly defined.
• Commercial influence: Registering a company facilitates access to local and international markets, and increases opportunities to deal with customers and business partners.
• Access to financing: Registering a company increases the chances of obtaining financing from banks and investors, as they have confidence in the registered company.
• Tax possibilities: Registered companies can benefit from the tax facilities available to them, including tax exemptions and other facilities.
• Government Concessions: Registered companies can benefit from government concessions and facilities provided by the government to support businesses.
• Financial Protection: Registration provides financial protection to the owners of the company, as the financial responsibility of the company is clearly defined.
• Access to the real estate market: Company registration facilitates access to the real estate market for renting company headquarters or purchasing commercial real estate.

Fees for registering the company in the commercial registry

Fees for registering a company with the Dubai Trade Registry vary based on several factors, including the type of company and business activity it undertakes, the licenses and permits required, and local legal requirements. These fees can include:

1. Company registration fees: fees for registering the company itself in the trade registry, and the size of these fees varies based on the type of company and registered capital.
2. Consulting Services Fees: If you use the services of a legal advisor or accountant to assist in preparing documents and procedures, they may incur additional fees.
3. License and Permit Fees: Some businesses require special licenses and permits, and these may include additional fees.
4. Publication fees: In some cases, you may need to publish a formal announcement regarding the incorporation of the company, incurring advertising and publication fees.
5. Administrative fees: There may be additional administrative fees for registering the company and issuing official documents.

Documents required to open a commercial register in Dubai

To open a commercial register in Dubai , you usually need to submit a set of necessary papers and documents. Here is a list of the main documents you may need:

• Registration application form: The registration application form must be filled out accurately and clearly. This form can be obtained from the competent registration authority.
• A copy of the ID of the owner/shareholders: Photocopies of the IDs of all shareholders and owners of the company must be submitted.
• Company incorporation contract: The company incorporation contract must be prepared in the required legal form, and must include details such as the company name, commercial activities, the shareholding percentage of each partner, etc.
• Authorization document (if applicable): If there is a CEO or other executive representing the company, you may need an authorization document proving his or her authority to apply and sign on behalf of the company.
• Business license: If the company provides specific services or operates in a specific industry, it may need a business license from the relevant authorities.
• Capital Deposit Document: Some authorities may require that capital be deposited in a special bank account before registering the company.
• Owner\\\’s consent letter to use site (if site is rented): If the business will be operating at a rented site, it may need a letter proving the owner\\\’s consent to use the site for business purposes.
• Registration fees: The fees prescribed for the registration process and required permits must be paid.

At the conclusion of this article, it can be said that the trade registry in Dubai is one of the essential factors that contribute to building a dynamic and prosperous business environment. The Trade Register is a key tool that provides the necessary data and information for investors and businessmen, both local and foreign, to make their decisions based on reliable and up-to-date foundations.

Through the Trade Registry, investors can easily register their companies and update their information, making it easier for them to access government services and business facilities quickly and conveniently. In addition, the Trade Registry provides many other services such as issuing the necessary trade licenses and permits, registering trademarks and patents and other legal and commercial services.

It is worth noting that the trade registry in Dubai relies on modern and advanced systems that facilitate commercial procedures and enhance the attractiveness of the investment environment in the city. The trade registry also contributes to enhancing transparency and stimulating innovation and economic growth, making Dubai a preferred destination for business and investments at the global level.

The most frequently asked questions about a commercial register in Dubai