The commercial registry in Dubai is the first step in your investment journey, as this emirate has become the most important business center and the first investment attraction in the region. Therefore, establishing a company in Dubai has become a goal sought by many investors in the region. On the other hand, in order for the investor to start investing in Dubai, he must obtain residency and establish a company, which necessarily means obtaining a license and opening a commercial registry.
Steps to obtaining a commercial registration in Dubai
Above all, to start the business and get the record there are some steps that must be done first:
Apply for the trade license and attach the documents and company paperwork to the Department of Economic Development Authority.
Pay all required fees and trade license fees.
Register as a member of the Chamber of Commerce.
Determining the capital in the papers of the commercial register
Receipt of the commercial register.
Opening a commercial registry in Dubai for Saudis
Likewise, for Saudis wishing to invest in the UAE, there are several steps that must be taken to obtain a commercial registration in
Determine the activity of your company.
Choosing the legal form and the parties, determining the percentage of the partnership in the capital and the ratio of profits and losses for the partners.
Pick and reserve a new trade name.
Submission of the initial approval certificate.
Preparing the articles of incorporation and service agent agreement.
Choosing the location of the company and documenting the lease contract.
Obtaining the approvals of the organizing authorities
Receipt of the trade license
After completing the previous steps, you can receive the activity license and open a commercial registry in Dubai for Saudis. But before that you must complete the following steps:
Attach the required documents for all the previous steps and submit them to the Department of Economic Development.
Pay the fees for all licenses, within 30 days from the date of issuance of the payment authorization.
Register as a member of the Chamber of Commerce: Before you can start your economic activity, you will need to be a member of the Chamber of Commerce in the respective emirate.
Next, register as a member of the Chamber of Commerce: You will need to join the membership of the Chamber of Commerce in the respective Emirates before you can start your own economic activity..
conclusion
Finally, the issuance of a payment permit and the payment of fees. Only one payment permit will contain the initial approval fees, trade name reservations, and license issuance fees. Bearing in mind that the value of market fees is about 3,000 dirhams.
When applying for a trade license, please consider the required documents. The date of issuance of the license is calculated from the date of issuance of the payment authorization
These were the main points related to helping you start your business properly.
In conclusion, we would like to remind you that Itqan, with its experts and consultants specialized in establishing companies in Dubai, can assist you in all steps of establishing your business. It also takes your hand to launch in the Emirates successfully.
