07 Dec Commercial registration in Dubai – steps and conditions for issuance
Commercial registration in Dubai
The commercial registry in Dubai is the first step in your investment journey. This emirate has become the most important business center and the first investment attraction point 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 register.
If you are interested in investing and obtaining a commercial license for a commercial registration in Dubai, you can contact Itqan Company, which will assist you with all the steps and procedures for establishing a company in Dubai.
But first, let’s get acquainted with the first step of establishing companies . Continue reading to learn more about this topic:
Steps to obtain a commercial registration in Dubai
Above all, to start the business and get the record there are some steps to do first:
- Applying for a trade license and attaching documents and company papers to the 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 commercial register papers
- Receipt of the commercial register.
Opening a commercial registry in Dubai for Saudis
Similarly, for Saudis wishing to invest in the UAE , there are several steps that must be taken to obtain a commercial registration in the UAE
- Determine the economic activity of your company.
- Choosing the legal form and the parties, determining the percentage of partnership in the capital, and the percentage of profits and losses for the partners.
- Selection and reservation of the new trade name.
- Applying for the initial approval certificate.
- Preparing articles of incorporation and service agent agreement.
- Choose the location of the company and document the lease.
- Obtaining the approvals of the organizing authorities for the activity.
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, the following steps must be completed:
- Attach the documents required for all previous steps and submit them to the Department of Economic Development.
- Pay all license fees. 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.
- Then , Register as a member of the Chamber of Commerce: You will need to be a member of the relevant UAE Chamber of Commerce before you can start your economic activity.
- However, in order to obtain an official commercial license, you must attach a lease contract for the proposed location of your company.
- Then, adding the value of the capital in the company’s commercial registry data, the rest of the fields will be filled in automatically.
- Finally, issuance of a payment permit and payment of fees Only one payment permit is issued containing the initial approval fees, trade name reservation and license issuance fees, noting that the value of the market fees is fixed and amounts to 3,000 dirhams.
- When applying for a trade license, please note the required documents. The license issuance date is calculated from the date of issuance of the payment authorization
These were the most important points to help you start your business right.
In conclusion, we would like to remind you that Itqan, with its experts and consultants specialized in establishing companies in Dubai, She can assist you in all steps of setting up your business. It also takes your hand to launch in the Emirates successfully.