The role of the commercial registry in Dubai for Saudis

The commercial registry in Dubai represents an official registration of companies and businesses in the country, and is considered one of the most important legal documents that companies and individuals who carry out commercial activities must possess. The commercial registry offers many benefits and essential roles that include:

1. Confirming the legitimacy of the business: The commercial register proves the legitimacy and presence of the company or business in the market, and gives confidence to customers, government agencies, and suppliers.
2. Legal reference: The commercial registry provides important information about the company’s identity, shareholder data, and the scope of permitted business activities, and is considered a legal reference for determining the company’s rights and obligations.
3. Registration for tax purposes: Government agencies and tax bodies rely on the commercial registry to determine the company’s obligations with the required taxes and fees.
4. Facilitating financial operations: The commercial registry facilitates financial operations such as opening a bank account and obtaining loans and financing for the company.
5. Legal protection: The commercial registry provides legal protection for the company and its owners from personal and organizational liability in the event of legal disputes.

Opening a commercial register in Dubai for Saudis

Opening a commercial register in Dubai is a crucial step for Saudis who want to start their businesses in this vibrant economic city. Dubai offers a fruitful investment environment that attracts companies and entrepreneurs of various nationalities. Saudis can open a commercial register in Dubai through the simple and organized steps provided by the emirate’s authorities. The first procedure is to register the company with the Dubai Department of Economic Development, and submit the required documents such as the official form, a copy of the passport and a personal photo. After that, the business activity is determined and the fees required for registration are paid. Opening a commercial registry in Dubai gives Saudis the opportunity to explore investment opportunities available in the growing and diverse Dubai market, and expand the scope of their work in the region.

Basic steps to open a commercial register as a Saudi citizen

The basic steps to open a commercial register in Dubai as a Saudi citizen include:

1. Identify the business activity: Determine the type of business activity you wish to engage in and ensure that it is compliant with local regulations in Dubai.
2. Choosing a trade name: Choose an appropriate and unique name for your company, and make sure it is compatible with trade naming regulations in Dubai.
3. Preparing the required documents: Prepare the documents required to submit an application to open a commercial register, including a copy of your passport and a personal photo, in addition to the official registration form.
4. Visit the Department of Economic Development: Visit the Department of Economic Development in Dubai to submit a request to open a commercial register, submit the required documents, and pay the prescribed fees.
5. Waiting for approval: After submitting the application and documents, you must wait for approval to open the commercial register from the relevant authorities in the Department of Economic Development.
6. Receiving the business license: Once approved, you will receive a business license that proves the legitimacy of your business in Dubai and allows you to start official work.

Licenses necessary to start work for Saudis

For Saudis wishing to start working in Dubai, there are several licenses and permits that may be necessary, including:

• Work Visa: Saudis need a work visa to work in Dubai, and the employer company must submit the application and the necessary procedures to obtain this visa.
• Self-employment license: If a Saudi wants to practice self-employment or craft work, he must obtain a self-employment license from the relevant authorities.
• Commercial activity license: If a Saudi intends to establish a commercial company or an individual company in Dubai, he must obtain the necessary licenses and permits from the Department of Economic Development or the competent government agencies.
• Free professions license: If a Saudi wants to practice a free profession such as consulting, medicine, or engineering, he must obtain a free profession license from the competent authorities.
• Contracting license: If a Saudi wishes to practice contracting activity in Dubai, he must obtain a contracting license from the Department of Economic Development or the relevant authorities.

How to open a commercial register in Dubai for Saudis

Expected costs of opening a commercial register in Dubai for Saudis

The costs of opening a commercial register in Dubai for Saudis may vary based on several factors, including the type of business activity and company requirements. Here is a list of costs you may face when opening a commercial registry in Dubai:

1. Registration fees: Includes Dubai Department of Economic Development registration fees and varies depending on the type of business activity and the size of the company. These fees may start from several thousand AED.
2. Legal Consultation Fees: You may need legal advice to guide you through the process of opening a commercial register and ensuring compliance with local laws. Legal consultation costs vary depending on the service provider and scope of work.
3. Rent and office costs: You may need to rent an office to conduct your business, and the rental price varies depending on the location and the size of the space required.
4. Accommodation and living costs: You should take into consideration the costs of accommodation and living in Dubai, including rent, transportation, and daily living costs.
5. Advertising and marketing costs: You may need to invest in advertising and marketing campaigns to promote your company and attract new customers.
6. Document preparation costs: You may need to pay the costs of preparing the documents required to open the commercial register, such as forms, contracts, and financial reports.

Documents required to open a commercial register in Dubai for Saudis

To open a commercial register in Dubai as a Saudi citizen, you usually need to submit the following documents:

1. Copy of Passport: You must submit a certified copy of your passport.
2. Personal photo: A recent personal photo.
3. Application Form: You must fill out the application form provided by the Dubai Department of Economic Development.
4. Business Plan: You may need to submit a simple business plan that outlines your company\\\’s goals and the type of business you want to engage in.
5. Lease contract or office license: You may be asked to provide a copy of the lease contract for the office where you will be conducting business, or the office license if you already own the office.
6. Required fees: You must pay the prescribed fees to open a commercial register.

At the conclusion of this article, it can be concluded that opening a commercial registry in Dubai for Saudis with the help of Itqan Company is a successful investment step. Dubai provides a cutting-edge business environment and is highly regarded as a global investment destination.

With Itqan Company, Saudis can benefit from its experience and deep knowledge in company establishment procedures in Dubai. The company provides support and guidance in all aspects of opening a commercial register, from analyzing the market and choosing the appropriate business activity, all the way to registering the company and obtaining the necessary licenses.

Thanks to Itqan Company, Saudis can overcome the legal and administrative challenges they may face in the process of opening a commercial register in Dubai . The company provides the necessary services to ensure the success of the operation and the development of the company in the local and global market.

How to modify data of a commercial registry in Dubai?

1. Prepare documents: Prepare the necessary documents to amend the data, such as a copy of the current commercial register and any supporting documents for the requested amendment.
2. Visit the responsible authority: You may need to visit the Department of Economy in Dubai or the entity responsible for managing trade in the emirate. You can check the place of application through the official website of the concerned authority.
3. Submitting a request for amendment: Fill out the form required to amend the data and submit it with the necessary documents. This can be done in person or online, depending on the policy of the responsible party.
4. Payment of fees: The amendment process may require payment of certain fees. Make sure to pay the fees in the specified manner and obtain the payment receipt as proof.
5. Application processing: After submitting the application and paying the fees, the application will be processed by the responsible party. This process can take a few days to weeks, depending on the procedures of the concerned party.
6. Receiving the amendment: Once the application has been successfully processed, you will receive a new document containing the amended data. Ensure that the document is received and verified for its accuracy and completeness.

Remember, it is important to check the exact procedures followed for amending Dubai Commercial Registry data to ensure full compliance and success in the application process.

The most important frequently asked questions about opening a commercial register in Dubai