01 Sep Conditions for opening a commercial registry in the UAE for Saudis
Conditions for opening a commercial registry in the UAE for Saudis is one of the services provided by the government in Dubai in order to help investors to establish companies and investment projects. It is remarkable that the government supports investors and provides them with easy procedures for the conditions for opening a commercial registry in the UAE for Saudis within minutes and from anywhere in the world.
In this article, we will discuss the steps for the conditions for opening a commercial registration in the UAE for Saudis and the conditions for obtaining it, in addition to the advantages that an investor or entrepreneur obtains when working and establishing projects in Dubai.
Conditions for opening a commercial registry in the UAE for Saudis
The process of opening a commercial registry in the UAE for Saudis requires the customer to take several steps in order to open the commercial registry legally and soundly to conduct business in Dubai. In the following points we address Conditions for opening a commercial registry in the UAE for Saudis:
- Visit the official Dubai Economy website.
- Login to the service by pressing the login button.
- Enter the customer’s e-mail and password.
- Log in to apply for a commercial registration.
- Enter your company website details.
- Register all contributing parties on the platform.
- Determine the primary and secondary activity of the company.
- Adding the data of all the founding parties of the company.
- Determine the type of license to be obtained (merchant license, Business license, instant license).
- Enter the details of all parties to the license, such as: managers, Service agents and others, and add your passport or identity number and contact information.
- Determine the official final beneficiary of the establishment of the project.
- Sending company documents, provided they are signed by all parties.
- Paying the costs of issuing a commercial registration in Dubai .
- Issuance of a commercial registration in Dubai and the documents associated with it.
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Conditions for opening a commercial registry in Dubai for Saudis
The Emirate of Dubai is the most attractive destination for investment in the Middle East, which provides the services, facilities and ingredients that investors need to establish investment projects of all kinds.
The UAE government provides many advantages that encourage the investment process, which helps to expand projects, pump more money and hire more employees.
The laws include a set of conditions that must be met to allow the investor to establish the business entity and operate legally. The government has set conditions for obtaining the commercial registration to be approved. In the following lines, we discuss the conditions for opening a commercial registry in Dubai for Saudis:
- Choosing a trade name in accordance with what is included in the regulations and laws in Dubai, It must not contradict public taste. describes the nature of the business, It does not include the name of another business entity, It does not include the name of His Majesty, the name of a government agency, or political terminology.
- Determine the type of activity that will be practiced within the business entity.
- It is required to obtain the initial approval from the competent authorities in Dubai regarding the trade name and the nature of the activity to establish the commercial entity.
- Choosing a place to work, and it is possible to rent an office space or buy a piece of land, and it is required to provide a contract notarized and certified by the Dubai Real Estate Regulatory Authority.
- The owner of the commercial entity must not possess more than one commercial license and must submit the licenses to the competent department in Dubai.
- The area of the workplace shall not be less than 200 feet.
- Obtaining the necessary approvals from government agencies according to the activity.
- Payment of the cost of issuing a commercial registration in Dubai.
Advantages of investing in the Emirate of Dubai
Many advantages offered by the Emirate of Dubai to encourage investors of different nationalities to invest in Dubai and expand their business within the country, In the following points, we discuss the advantages of investing in the Emirate of Dubai:
- The Emirate of Dubai is the ideal market for investments and business establishment in various fields.
- The facilities in the procedures provided by the Dubai government to local and foreign investors to easily establish companies and businesses.
- Flexibility in obtaining commercial licenses, obtaining a commercial registry in Dubai, and legal documents.
- Electronic platforms and electronic payment methods to pay fees in a few minutes.
- Providing financial support and assistance for the establishment and development of startups, providing training courses and all support for young investors.
- In the free zones in Dubai, the investor can fully benefit from the profits and be exempt from taxes on the company and employee income, in addition to customs exemptions.
- Strong and advanced infrastructure and all advanced services based on a global system.
- Dubai enjoys economic and political stability, and its residents enjoy cultural awareness, which encourages investment.
- Dubai is strategically located between East and West.
- Dubai is a rapidly developing global shopping market that attracts citizens and investors from different countries.
- The huge investment and development opportunities that Dubai has witnessed over the past years.
- Diversifying the investment opportunity available for various projects with different sizes of capital.
- A fast-growing investment environment for short-term business and projects.
- Providing grants to young entrepreneurs with a clear feasibility study.
- Dubai’s economic growth in commercial, industrial and professional activities.
Steps to establish a company in Dubai
- Determine the nature of the activity in which the business entity will operate, and this step determines the type of commercial license and the appropriate area for work, as well as the legal form that will be dealt with in accordance with the regulations in Dubai. The economic activities in Dubai vary between commercial, industrial, service and others.
- Choosing a trade name that is consistent with the nature of the business entity that will be established in Dubai and that it complies with the laws and regulations. Then, after making sure that the trade name meets the conditions, it is registered with the Department of Economic Development in Dubai.
- Determining the legal form of the project, which is a very necessary and important step, and the legal form must comply with the nature of the activity that was previously chosen.
- Obtaining the initial approval from the competent authorities in Dubai regarding the previous steps to establish a project in Dubai.
- Choosing a suitable workplace to work in by purchasing a plot of land or renting a suitable office space and providing a contract certified by the competent authority in Dubai.
- Obtaining additional approvals from the authorities concerned with the nature of the activity in Dubai.
- Obtaining the commercial license necessary to carry out work in the project legally and soundly, pay the required costs, and then register with the Dubai Chamber of Commerce.
Costs of setting up a company in Dubai
- The costs of purchasing land or the annual rental costs of the company’s workplace.
- The cost of obtaining the commercial license necessary for work, whether a permanent or immediate license.
- Paying the costs of issuing a commercial registration in Dubai.
- Paying fees for business procedures and steps during the incorporation process.
- Residence and visa fees for expatriate employees to work under the name of the company in Dubai.
How can we help open a commercial registry in Dubai for Saudis?
- Providing all means of assistance to enter the investment market in Dubai and establish investment businesses.
- We undertake all procedures and deal with government agencies to extract documents as quickly as possible with the highest efficiency.
- Issuing a commercial register in Dubai and a commercial license for all economic activities as soon as possible.
- Providing legal advice during the investment process through the most efficient business advisors and service providers.
- Providing practical solutions to all problems and obstacles during the investment process in Dubai .
- Providing technical support to answer inquiries throughout the day, seven days a week.
- Providing distinctive and unique business packages according to all budgets and capitals for investors and entrepreneurs.
- Providing office space and warehouses for rent in Dubai in various sizes, according to the needs of work in various activities.
For more information about the conditions for opening a commercial registry in the Emirates for Saudis, contact us now, and we will assist you in all investment steps in Dubai from A to Z.
Contact us today and get a free consultation to implement all your business plans!