25 Jun The cost of opening a commercial registry in Dubai
The cost of opening a commercial registry in Dubai
The cost of opening a commercial registry in Dubai is one of the most important costs involved in the process of establishing a company or commercial project in the Emirate of Dubai. Opening a commercial registry in Dubai has become easy and simple steps without complications, thanks to the efforts of the state to encourage investors.
To open a commercial saddle in Dubai, some conditions, documents, and legal steps are required that will be discussed in this article, in addition to the cost of opening a commercial registry in Dubai, steps to obtaining a commercial registry, and the advantages of establishing companies and projects in Dubai.
The cost of opening a commercial registry in Dubai
Opening a commercial registry in Dubai includes several steps, conditions and documents that must be available and submitted to the relevant government agencies in order for the investor to be able to work officially in Dubai.
Although many countries offer investment opportunities, Dubai is one of the most popular cities in which investors tend to invest their money and establish projects there, thanks to the advantages and facilities provided by the government.
The cost of opening a commercial registry in Dubai includes many other costs, which change according to the type of activity, the region in which the project will be established, the office space, and many other variables. The costs of setting up a company in Dubai include the following factors:
- The costs of purchasing land or the annual rental costs of the project’s workplace.
- Costs related to obtaining a commercial license, whether a permanent or immediate license.
- Pay the cost of opening a commercial registry in Dubai.
- Government fees required for various legal procedures and steps during the incorporation process.
- Residence and visa fees for expatriate employees to work under the name of the company in Dubai.
Steps to open a commercial registry in Dubai
Opening a commercial register in Dubai requires several steps in order to receive the commercial register in a legal and proper manner that allows the practice of work in Dubai. In the following points, we discuss the steps to open a commercial registry in Dubai:
- Go to the official Dubai Economy website.
- Enter the service through the login button.
- Enter your email and password.
- Log in to apply for a commercial registration.
- Add location and company details.
- Register the participating parties on the platform.
- Determine the primary and secondary activity of the company.
- Add data of all parties from the founders of the company.
- Determine the type of license to be obtained.
- Adding the details of the parties to the license such as managers / service agents and others, and adding the passport or identity number and contact information.
- Determine the final beneficiary of the project.
- Sending company documents, provided they are signed by all parties.
- Pay the cost of opening a commercial registry in Dubai.
- Receipt of the commercial register and associated documents.
Conditions for opening a commercial registry in Dubai
Dubai is one of the cities that encourages investment and attracts investors. It has various services, facilities, and ingredients that investors are looking for to establish investment projects of all kinds.
The state also provides many advantages that facilitate the investment process, which helps to expand projects, pump more money and hire more workers.
In order for the investor to be allowed to establish the project and work legally, he must open a commercial registry, according to the type of activity. The government set conditions for obtaining the commercial register to be approved.
In the following lines, we discuss the conditions for opening a commercial registry in Dubai:
- Choosing a trade name that is compatible with the laws and regulations in Dubai so that it does not violate public taste, expresses the nature of the activity, It does not include the name of another commercial entity or government agency.
- Determine the type of economic activity to be practiced.
- Obtaining the initial approval from the competent authorities in Dubai to establish the project or commercial entity.
- Choosing a place to work and providing a contract notarized and certified by the Dubai Real Estate Regulatory Authority.
- The customer must not possess 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 approvals from government agencies in accordance with the requirements.
- Payment of the cost of the trade license in Dubai.
Steps to establish a business in Dubai
- Determine the nature of the activity to be established in Dubai, This step determines the type of commercial license that will be issued later, and determines the appropriate area for work, in addition to determining the legal form that will be dealt with in accordance with the regulations. The economic activities in Dubai are varied and include commercial, industrial, service and other activities.
- Choosing a trade name consistent with the nature of the economic activity to be established in Dubai, The trade name must comply with the laws and regulations, and then after ensuring that the trade name complies with the conditions and regulations, it must be registered with the Department of Economic Development in Dubai.
- Determining the legal form of the commercial activity, which is a very necessary and important step, and the legal form must comply with the nature of the activity that will be carried out
- Obtaining the initial approval from the competent authorities in Dubai to approve the name, activity, and legal form for establishing a project in Dubai.
- Choosing a suitable work site for the project, The work site can be a piece of land to be purchased or rent suitable office space and provide a contract attested by the Dubai Real Estate Regulatory Authority.
- The required additional approvals must be obtained from the authorities concerned with the nature of the project activity in Dubai.
- Receipt of the commercial license necessary to carry out work in the project in a legal and sound manner, payment of the required license fees, and then registration with the Dubai Chamber of Commerce.
Advantages of establishing companies in Dubai
The Emirate of Dubai is one of the most popular cities in which investors of various nationalities invest, thanks to the facilities and advantages that accrue to their businesses. In the following points, we discuss the advantages of establishing a company in Dubai:
- Dubai is the ideal market for investments and establishing projects in various fields.
- The government provides facilities for local and foreign investors to expand their businesses.
- Smoothly obtaining commercial licenses, opening a commercial registry, providing electronic payment methods for paying commercial license fees, and paying the cost of opening a commercial registry in Dubai 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.
- Economic and political stability, standard of living and cultural awareness are among the factors that encourage investment in Dubai.
How do we help establish companies in Dubai?
- 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 and technical advice during the investment process through the most efficient business advisors and service providers.
- Full support during the investment process from A to Z by providing practical solutions to all problems and obstacles.
- We are available throughout the day through our contact numbers and our website to provide technical support and answer inquiries.
- Compatibility with all budgets and capitals through distinctive and unique business packages for investors and entrepreneurs.
- We have office spaces and warehouses for rent in various sizes, according to the needs of the project and the type of activity.
For more information about the cost of opening a commercial registry in Dubai, contact us now, and we will assist you in all investment steps in Dubai from A to Z.