Opening a commercial registry in Dubai for foreigners

23 May Opening a commercial registry in Dubai for foreigners

Opening a commercial registry in Dubai for foreigners is one of the most important services that an investor needs to legally establish investment projects and businesses in Dubai. The government in Dubai has provided support to investors and provided easy procedures to open a commercial registry in Dubai for foreigners in minutes and from anywhere in the world.
In this article, we will discuss how to open a commercial registry in Dubai for foreigners, the conditions necessary to open a commercial registry properly, in addition to the advantages of establishing a company or investing in Dubai . You can also use us to open a commercial registry in the fastest time and at the lowest costs.

Opening a commercial registry in Dubai for foreigners

Opening a commercial registry in Dubai is one of the government services in Dubai to help business owners and investors to practice business legally. It requires a set of steps and documents that are submitted to the responsible authority in Dubai.
Before knowing the requirements and conditions for opening a commercial registry, let us discuss the steps to establish a company in Dubai and the costs required to establish a company:

Steps to establish a company in Dubai

1. What activity will your company operate in? Answering this question is the first step in establishing a company. Therefore, it is necessary to determine the nature of the activity in which your company will operate. This step determines the type of commercial license after which you will be able to open a commercial registry in Dubai for foreigners.
2. What distinguishes one company from another? The answer is the trade name. Therefore, a trade name must be chosen that is compatible with the nature of the company’s activity, and then registered with the Department of Economic Development in Dubai after fulfilling the conditions.
3. The next step is to determine the legal form of the company, which is essential to determine the legal form and the regulations on which the company will operate in Dubai.
4. After confirming the completion of the previous steps, it is the turn to obtain the initial approval from the relevant government agencies in Dubai.
5. Choosing a suitable workplace for work through purchasing a plot of land or renting an office space and providing a contract certified by the competent authority in Dubai.
6. Obtaining additional approvals from government agencies concerned with the nature of the company’s activity in Dubai.
7. Obtaining the trade license necessary to start working in the company in a legal and sound manner, paying the required costs, and then registering with the Dubai Chamber of Commerce.

Costs of setting up a company in Dubai

• The costs of purchasing a piece of land or the annual rental costs of the company’s workplace.
• The cost of obtaining the commercial license necessary to start work, whether a permanent or immediate license.
• Paying the costs of opening a commercial registry in Dubai.
• Payment of fees for business procedures and steps during the incorporation process.
• Visa fees for expatriate employees to work for the company in Dubai.

Conditions for opening a commercial registry in Dubai for foreigners

1. Registering the investor as a member of the Dubai Chamber of Commerce.
2. Attach the required papers and documents in one file and submit them to the Dubai Economic Development Authority.
3. Pay all fees for issuing a commercial license in Dubai.
4. Attach the required capital along with the papers and documents file.
5. In this step, the commercial registration is received and the investor has opened a commercial registration in Dubai.

Requirements for opening a commercial registry in Dubai for foreigners

Dubai is considered the most attractive investment city in the Middle East for investors and entrepreneurs, as it provides the services, facilities, and ingredients that investors are looking for to establish companies and various investment projects.
The UAE government provides several advantages that encourage the smooth investment process, which helps in supporting investors to expand their business, in accordance with several conditions and laws.
The regulations stipulate a set of conditions and requirements that must be met in order to legally open a commercial registry in Dubai for foreigners. The government set conditions for the commercial registration to be approved. In the following lines, we discuss the conditions for opening a commercial registry in Dubai for foreigners:

• Determine the type of economic activity that will be practiced within the company.
• In accordance with the laws and regulations in Dubai, a trade name for the company must be chosen that is suitable for the nature of the company’s activity as follows:

1. 1. 1. Not contrary to public taste.
      2. Describes the nature of the business.
      3. It does not include the name of another company.
      4. It does not include one of the names of His Majesty.
      5. It does not contain the name of a government agency or political terminology.

• Obtaining the initial approval for the establishment of the company from the competent authorities in Dubai, which includes approval of the trade name and the nature of the activity.
• Choosing a place to work, the area of which is not less than 200 feet, The office space can be leased or owned and has a contract notarized and certified by the Dubai Real Estate Regulatory Authority.
• The owner of the company should not possess more than one commercial license and must submit the licenses to the competent department in Dubai.
• The need for additional approval from the concerned government agencies according to the nature of the economic activity.
• Payment of the costs related to opening a commercial registry in Dubai.

Advantages of opening a commercial registry in Dubai for foreigners

Opening a commercial registry in Dubai for foreigners, in turn, comes with many advantages for investors wishing to establish projects in Dubai and expand their business within the country. In the following points, we discuss the advantages of opening a commercial registry in Dubai for foreigners:

• 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.

How do we help open a commercial registry in Dubai for foreigners?

Contact us to save your time and effort. We will carry out all procedures and transactions with government agencies to open a commercial registry in Dubai for foreigners. We will provide legal consulting services and various services required for establishing a business in Dubai as follows:

1. Equipping offices and securing office supplies, furniture, decoration, brushes and devices.
2. Issuing various commercial licenses and opening a commercial registry in Dubai in the fastest time and at the lowest costs.
3. Submitting papers and documents, completing and documenting them in the government agencies concerned with the transactions necessary for the establishment of companies.
4. Preparing residence for investors and entrepreneurs that allow them to invest for the longest time in Dubai.
5. Providing all means of assistance to enter the investment market in Dubai and establish investment businesses.
6. Providing legal advice during the investment process through the most efficient business advisors and service providers.
7. Providing practical solutions to all problems and obstacles during the investment process in Dubai.
8. Providing technical support for all inquiries throughout the day, seven days a week.
9. Providing suitable business packages according to all budgets and capital to start a business.

For more information about opening a commercial registry in Dubai, 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!