22 May Opening a commercial registry in Dubai for foreigners and residents
Opening a commercial registry in Dubai for foreigners, residents, and residents has become an easier procedure than ever before, thanks to the facilities provided by the government in Dubai to open a commercial registry from anywhere in the world within minutes without the need to visit Dubai.
Where government agencies focus on supporting the investment process and establishing commercial projects in Dubai, which encourages foreign investors to expand their business and establish new companies or branches of their companies on the land of Dubai.
In this article, we will discuss the steps to open a commercial register in Dubai for foreigners and residents, the conditions for obtaining the register within the regulations and laws, in addition to the advantages that the government provides in Dubai to foreign investors and entrepreneurs from different countries of the world.
Steps to open a commercial registry in Dubai for foreigners and residents
The process of opening a commercial registry in Dubai for foreigners and residents requires the foreign investor to follow a set of steps in order to obtain the commercial registration legally and properly to work in Dubai, through the electronic platform without the need to visit Dubai, Here are the following points to discuss the steps to open a commercial registry in Dubai for foreigners and residents:
- First, you must visit the official website of Dubai Economy.
- Then enter the service by pressing the login button.
- If you are already registered on the site, you must enter your email address and password.
- Log in to submit a request to open a commercial registry in Dubai for foreigners and residents.
- Enter the details of your company’s location in Dubai.
- All participating parties are required to be registered on the platform.
- Then determine the main activity and secondary activity of your company.
- Add the data of all the founding parties of the company.
- You must specify the type of license you want to obtain (a merchant license, a commercial license, or an instant license).
- Enter the details of the parties to the license, such as: managers, service agents and others, Add your passport or identity number and contact information.
- In this step, it is necessary to identify the official final beneficiary of the establishment of the company/project.
- Submit all required documents for the company, provided that they are signed by all parties.
- Paying the costs of opening a commercial registry in Dubai for foreigners and residents.
- In this step, a commercial registry is opened in Dubai for foreigners and residents and the documents associated with it are received.
Conditions for opening a commercial registry in Dubai for foreigners and residents
Opening a commercial registry in Dubai for foreigners and residents that includes a set of legal conditions to allow the foreign investor to establish a company and work legally, In the following lines, we discuss the conditions for opening a commercial registry in Dubai for foreigners and residents:
- Choosing a trade name suitable for the nature of the activity in accordance with the regulations and laws in Dubai, The trade name must not contravene public taste. to be compatible with the nature of the commercial activity, It should not be similar to the name of another company. It does not include the name of His Majesty, the name of a government agency, or political terminology.
- The type of economic activity that will be practiced within the company must be specified.
- Initial approval must be obtained for the trade name and the nature of the activity to establish the business entity.
- Renting an office space to work in, or buying a piece of land to establish the company, and providing a contract notarized and certified by the Dubai Real Estate Regulatory Authority.
- The owner of the company should not own more than one commercial license and submit the licenses to the competent department in Dubai.
- The area of the workplace must not be less than 200 feet.
- Obtaining the necessary additional approvals from the relevant government agencies according to the nature of the activity.
- Paying the costs of opening a commercial registry in Dubai for foreigners and residents.
Advantages of establishing a company in Dubai for foreigners
Dubai City provides investment advantages, services and facilities to encourage foreign investors of various nationalities to open a commercial registry in Dubai for foreigners and residents and expand their businesses within Dubai. In the following points, we discuss the advantages of establishing a company in Dubai for foreigners :
- Dubai is a global investment market for expansion or business establishment in various fields with a distinctive strategic location.
- The facilities in the procedures provided by the Dubai government to foreign investors to easily establish companies and businesses.
- Flexibility in obtaining a trade license and opening a commercial registry in Dubai for foreigners and residents.
- Electronic platforms and electronic payment methods for 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 foreign 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.
- A rapidly developing global shopping market that attracts foreign investors from different countries.
- The great investment opportunities that attracted foreign investors over the past years.
- Diversifying the investment opportunity for foreign projects with different sizes of capital.
- Dubai and its free zones are a fast-growing investment environment for foreign investments.
- The government in Dubai provides grants to young investors and emerging entrepreneurs.
- Dubai is witnessing a global growth in commercial, industrial and professional activities.
Procedures for establishing a company in Dubai for foreigners
- Determining the nature of the economic activity that the company will practice in Dubai, and this step depends on the type of trade license, work area, and the legal form that will be dealt with in accordance with the laws and regulations in Dubai.
- Choosing a trade name that suits the nature of the activity of the company that will be established in Dubai, and that the trade name complies with the laws and regulations, then it is registered with the Department of Economic Development in Dubai.
- Determining the legal form of the company, which is a necessary step. The legal form must comply with the nature of the previously chosen activity.
- Obtaining the initial approval from the competent authorities to establish a company in Dubai.
- Choosing a suitable workplace for the company by purchasing a piece of land or renting a suitable office space and providing a contract certified by the Dubai Real Estate Regulatory Authority.
- Obtaining additional approvals from the authorities concerned with the nature of the company’s activity in Dubai.
- Obtaining a commercial license to work in the company in a legal and sound manner, paying the required costs, and then registering with the Dubai Chamber of Commerce.
The costs required to establish a company in Dubai for foreigners
- The cost of purchasing land to establish the company or the annual rental costs of an office space for the company’s work.
- The costs of obtaining a commercial license to work, whether it is a permanent or immediate license.
- Paying the costs of opening a commercial registry in Dubai for foreigners and residents.
- Fees for work procedures and steps during the incorporation process.
- 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 foreigners and residents?
- Providing all means and facilities to enter the investment market in Dubai for foreigners and establish various investment businesses.
- We handle all legal dealings with government agencies and extract documents as soon as possible and with the highest efficiency.
- Opening a commercial registry in Dubai for foreigners and residents and issuing a commercial license for all economic activities in Dubai as soon as possible.
- Providing legal advice to foreign investors in Dubai through our most qualified business advisors.
- Providing practical solutions to all problems or obstacles while opening a commercial registry in Dubai for foreigners and residents.
- Providing technical support and answering inquiries 24 hours a day, 7 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.
Contact us now for more information about opening a commercial registry in Dubai for foreigners and residents, and we will assist you in all procedures for establishing companies in Dubai from A to Z.
Contact us today and get a free consultation to implement all your business plans!