01 Mar Conditions for opening a commercial registry in the UAE for Gulf nationals
The conditions for opening a commercial registry in the UAE for Gulf nationals depend on submitting a set of legal papers and documents to the concerned government agencies. To allow the issuance of a legal document through which a company or business can be established in Dubai.
Upon attaching the required papers and handing them over to the government agencies concerned with opening a commercial registry in Dubai, and then paying the required fees, The commercial registration is obtained and the investor has the right to establish the investment business legally in Dubai.
Conditions for opening a commercial registry in the UAE for Gulf nationals, which includes several procedures and conditions that we will discuss in this article. We will also discuss the special fees for obtaining a commercial registry in Dubai. In addition to the advantages of obtaining a commercial registration in Dubai .
Conditions for opening a commercial registry in the UAE for Gulf nationals
The conditions for opening a commercial registry in the UAE for Gulf nationals include a set of conditions that must be met by the company for which a commercial registry is to be issued, It requires legal procedures for the investor or entrepreneur to be able to establish a company and operate legally. In the following points, we discuss the conditions for obtaining a commercial registration in Dubai:
- One of the conditions for opening a commercial registry in the UAE for Gulf nationals is to specify the type of economic activity (commercial activity, industrial activity, service activity, tourism activity) that will be practiced within the company.
- Opening a commercial registry requires choosing a commercial name that is suitable for the nature of the activity that is being carried out in the company. Choosing the name is in accordance with the regulations and laws of the Department of Economic Development in Dubai.
- The trade name chosen for the company should not be similar to the name of another company in Dubai.
- The trade name of the company must reflect the nature of the activity in which the company operates.
- The company’s trade name should not include the name of God or one of God’s most beautiful names.
- The company’s trade name does not contain the name of a government agency or political terminology.
- The trade name must not violate public taste or morals.
- It is not allowed to use icons and symbols in the trade name. Only letters and numbers are allowed.
- The company’s trade name must contain the first and last names of the owner of the company or one of the partners, and not the family name.
- Obtaining the initial approval regarding the trade name and the nature of the activity is one of the conditions for opening a commercial registry in the UAE for Gulf nationals.
- Renting an office space to work as a headquarters for the establishment of the company, with the submission of a contract notarized and certified by the Dubai Real Estate Regulatory Authority.
- The founder of the company should not possess more than one trade license and submit the licenses to the competent department in Dubai.
- One of the conditions for opening a commercial registry in the UAE for Gulf nationals is that the area of the workplace should not be less than 200 feet. In accordance with the nature of work activity.
- Obtaining additional approvals from government agencies concerned with the nature of the company’s activity in Dubai in order to complete the procedures.
- Paying the costs of the commercial license is one of the conditions for opening a commercial registry in the UAE for Gulf nationals, through the available payment methods.
Documents for opening a commercial registry in Dubai
The conditions for opening a commercial registry in the UAE for Gulf nationals include submitting several papers and documents related to the company as follows:
- Submit a completed application form to start a business in Dubai.
- Attach the articles of incorporation of the company, if necessary.
- Submit a copy of the passport of the owner of the company.
- Attach a brief description of the business to be established.
Places to obtain a commercial registration in Dubai
Here are some examples of places available to obtain a commercial registration in Dubai: As follows:
- Happiness Hall in the main economic building in Dubai.
- The authorized service center in Dubai Economy.
- Dubai Economic Center electronic application.
Costs of opening a commercial registry in Dubai
The conditions for opening a commercial registry in the UAE for Gulf nationals include paying a set of fees in order to obtain the commercial registry. In the following lines, we discuss the costs of obtaining a commercial registration in Dubai. It is worth noting that the costs of the commercial registration in Dubai are paid at the beginning of obtaining the register, and then the costs are paid annually for renewal. Here are the costs of obtaining and renewing a commercial registration in Dubai :
- Approximately 100 UAE dirhams as the registration fee in the commercial register.
- Approximately 50 AED annual registration renewal fees.
- 10 AED fees for obtaining an extract from the registration page in the Commercial Register.
Fine for non-payment of commercial registration fees
The renewal of the commercial registration in Dubai takes place on an annual basis, and the commercial registration fees are paid on the specified dates in order to continue the process of commercial work in Dubai in a legal and sound manner.
If the commercial registration fees are not paid on the dates set for annual renewal, A fine of around AED 200 will be imposed. In the event of significant delay in paying the fees, the fine will be increased.
Pros of opening a commercial registry in Dubai
When obtaining a commercial registry, you can use it in many situations to expand the company’s business, Through the following points, we review some of the advantages of opening a commercial registry in Dubai:
- Obtaining a commercial registry in Dubai that protects the company’s trade name, As no other company can use the same trade name again and the trade name of the company becomes unique.
- Through the commercial register in Dubai, it is possible to work in the field of e-commerce in Dubai, as well as adding approved and legal means of payment to the online store.
- The commercial registry in Dubai provides customers with ease to the company’s online store and all the company’s web pages in one place.
- Easily participate in seminars and exhibitions on the land of the United Arab Emirates, And legally and to attend all the various conferences in Dubai thanks to the extraction of the commercial register.
- Increasing the confidence and customer base of the company thanks to the oversight from the Department of Economic Development in Dubai when issuing a commercial registry in Dubai.
Do you want to obtain a commercial registration in Dubai?
An investor and you want to obtain a commercial registration to start work and establish a company in Dubai ?
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- Comprehensive integrated services for establishing businesses and companies in Dubai from A to Z.
- Issuing commercial licenses for various economic activities in Dubai, which is one of the conditions for opening a commercial registry in the UAE for Gulf nationals.
- Take charge of the conditions for opening a commercial registry in the UAE for Gulf nationals and pay the required fees as soon as possible.
- Providing services for establishing companies and institutions in Dubai and equipping offices to work with all equipment, furnishings and decoration.
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- Providing practical solutions and preparing for all problems and facing crises that may occur during the investment process in Dubai.
- Assistance in submitting papers and documents related to the company to the competent authorities, Completed and documented by the competent government agencies in Dubai.
To request services and for more information about the conditions for opening a commercial registry in the Emirates for Gulf nationals, contact our team now, and we will carry out all procedures and transactions with government agencies to obtain commercial licenses and commercial registration for establishing businesses and projects in Dubai and free zones.
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