Opening a commercial registry in Dubai with Itqan Company is a decisive and important step for investors seeking success in the global business market. Dubai is a developed and thriving investment destination, offering great opportunities for business and economic growth.
With Itqan Company, investors can benefit from the experience of a team of experts specialized in managing and establishing businesses in Dubai. The company provides comprehensive services that include registering the company, obtaining the necessary licenses and permits, and providing legal and financial advice.
By consulting Itqan, investors enjoy the necessary support and guidance to deal with local administrative and legal procedures. We strive to provide customized and effective solutions to meet customers\\\’ needs and achieve their business goals.
In short, opening a commercial registry in Dubai with Itqan is a smart choice for ambitious investors who want to exploit the potential of Dubai\\\’s booming market. Itqan Company provides the experience and specialization necessary to help achieve success and growth in this dynamic and evolving market.
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Opening a commercial register in Dubai is an essential step for individuals and companies wishing to do business in the city. A commercial register is a legal document that proves the legitimacy of a business and records basic information about the company or individual business. Opening the commercial register requires specific procedures and submitting the necessary documents to the competent authorities. After submitting the application and meeting the required conditions, the commercial register is issued, allowing the company to legally start its business. Documents required to open a commercial register include the owner\\\’s passport or ID card, a copy of the company\\\’s social contract, and a copy of the building permit if the property contains commercial space. The required fees vary according to the type of activity and the size of the company, and the process of opening the commercial register may take several days to weeks depending on the efficiency of completing all procedures. It provides important information about the company such as its name, business activity, shareholders and directors details, address, and contact information. Opening a commercial register in Dubai is an essential step to establishing a business and ensuring its compliance with local and federal laws and regulations.
How to open a commercial register in Dubai
To open a commercial register in Dubai , you need to follow several steps. Here is an introduction that explains the basic steps to open a commercial registry in Dubai:
- Determine the type of company: Before starting the process of opening the commercial register, you must determine the type of company you want to create, such as a sole proprietorship, limited liability company, or joint stock company.
- Determine the business activity: Determine precisely the business activity you wish to practice, as requirements and licenses vary depending on the activity.
- Preparing the required documents: Prepare the documents required for the process of opening the commercial register, such as a passport or identity card, an application form for opening the commercial register, a copy of the social contract (if the company is limited liability), and a copy of the building permit or lease contract for the commercial place.
- Visit the relevant authority: Visit the competent authority in Dubai, usually the Dubai Economic Development Department (DED), and submit the required documents to the relevant staff.
- Submitting the application and paying the fees: After completing the documents, submit the application to open the commercial register and pay the required fees.
- Application review: Your application will be reviewed by the competent authority, and may sometimes require a personal interview to verify the details.
- Issuance of the commercial register: After the application is approved and the conditions are met, the commercial register will be issued, which proves the legitimacy of your business activity in Dubai.
Types of companies that can be registered in Dubai
Type of Company | a description |
---|---|
Sole proprietorship (one person) | Managed by one person with full personal responsibility. |
A limited liability company | The company has a legal personality separate from its shareholders, and the shareholders\\\’ liability is limited to the value of their contributions. |
Public joint stock company | A company can raise capital by selling its shares to the public, and shareholders\\\’ liability is limited to the value of their contributions. |
Private joint stock company | It is owned by private shareholders and its shares cannot be sold to the public, and shareholders’ liability is limited to the value of their contributions. |
Limited joint-stock company | A company can raise capital by selling its shares to the public, and shareholders\\\’ liability is limited to the value of their contributions. |
Subsidiary | Be part of a parent company and enjoy a degree of administrative and financial independence. |
Company | A branch of a parent company that belongs to it and is subject to its policies and procedures. |
Features of the commercial register in Dubai
The Dubai Commercial Register is one of the most important tools that makes it easier for businessmen and companies to organize and conduct their business. Features of a commercial registry in Dubai typically include:
- Company Registration: Allows companies to register themselves and obtain the necessary documents to start a business.
- Electronic management: Many companies\\\’ services can be managed via the Internet, saving time and effort.
- Transaction Documentation: It allows companies to document business transactions officially and legally, which increases their credibility.
- Legal Disclosure: Companies are stressed on compliance with local and international laws and regulations related to their business activities.
- Access to information: The commercial registry provides access to information about registered companies, which helps in making economic and investment decisions.
- Intellectual Property Protection: The commercial registry provides legal protection for trademarks, patents, and trade secrets of companies.
- Facilitating financial operations: The commercial registry facilitates financial operations such as opening bank accounts and obtaining financing from banks and financial institutions.
- Government concessions: The government in Dubai may provide some concessions and facilities to companies registered in the commercial registry as part of business support policies.
Documents required to open a commercial register in Dubai
To open a commercial registry in Dubai, the relevant authorities usually require some basic documents to help create the commercial registry. Here is a list of common papers required:
- Copy of the passport or ID card of the owner or shareholders: You need a copy of the official identity document of the person or persons who own the company.
- Application form to open the commercial register: This form must be filled out and submitted to the relevant authority, and it can be obtained from the competent authority.
- A copy of the company\\\’s social contract: If the company is a limited liability company, a copy of the social contract must be submitted that defines the company\\\’s structure and the distribution of rights of shareholders and managers.
- Copy of the building permit or lease for the commercial space: If the space where the business will be operated is owned by the company, a copy of the building permit must be submitted, and if the space is leased, a copy of the lease must be submitted.
- Fee Payment Form: Local authorities may require you to pay a registration fee to open a commercial register, so you will need to submit a form to pay this fee.
Fees for opening a commercial register in Dubai
Fees for opening a commercial register in Dubai may change depending on the type of company and services required, and may also be affected by government changes and local legislation. However, I can provide a general estimate of some typical fees:
- Basic registration fees: These fees are paid when submitting an application to register the company and are a fixed fee for establishing the company. These fees vary depending on the type of company.
- Additional services fees: There may be additional fees for services such as authenticating documents or issuing necessary licenses.
- Annual Renewal Fee: After opening the commercial registry, there may be an annual fee required to keep the commercial registry valid.
- Company Changes Fee: If you make changes to the company such as changing shareholders, address or activities, there may be a fee for those changes.
- Legal or administrative consulting fees: If you use legal or administrative consulting services to assist you in the procedures for opening a commercial register, you may pay additional fees for those services.
At the conclusion of this article, it can be concluded that commercial registration in Dubai with Itqan Company is a crucial step for Saudi investors seeking to benefit from business opportunities and expand in the global market. Dubai is a developed and attractive investment environment, providing many advantages to companies and investors.
With Itqan Company, investors can benefit from extensive experience and deep knowledge in the procedures for opening a commercial register in Dubai. The company provides customized and integrated solutions, from company incorporation to the necessary licenses and permits, ensuring a smooth start-up and successful growth of the business.
By consulting Itqan, investors can overcome local legal and administrative challenges and requirements, and achieve sustainable success in the thriving Dubai market. The company aims to provide personal support and professional advice to ensure that clients achieve their goals and achieve financial and professional success.
In short, opening a commercial registry in Dubai with Itqan Company represents an invaluable opportunity for Saudi investors to exploit the potential of the dynamic Dubai market and achieve success and growth. Consult Itqan for the assistance and guidance needed to build a sustainable and prosperous business in this wonderful destination.
The most important frequently asked questions about the commercial registration in Dubai
What is a commercial register?
The Commercial Register is a register that contains data and details of companies and businesses registered in Dubai. It is managed and regulated by the Dubai Department of Economic Development.
What are the steps needed to register a business in Dubai?
Those interested in establishing a business in Dubai must apply to register their company with the Department of Economic Development. The required documents must be provided and the prescribed fees must be paid.
What types of companies can be registered in Dubai?
Several types of companies can be registered in Dubai, including limited liability companies, sole proprietorships, joint venture companies, sole proprietorships, and others.
What are the fees associated with commercial registry registration in Dubai?
Fees vary depending on the type of company and services required. Details about fees can be obtained through the Dubai Department of Economic Development website.
What information is publicly available in the commercial registry?
The public can get information such as company name, contact details, business activity, shareholders and directors details, and more information related to the company.