01 Mar Documents required to obtain a commercial register in the Emirates
Opening a commercial register in the Emirates is one of the most important things that investors and entrepreneurs are looking for. This is because of the importance of opening a commercial register in the Emirates, as the Emirates has recently become one of the most important commercial centers in the world, and this is thanks to the diversity of investment fields in it, whether commercial, industrial or professional. The matter is no longer limited to the issue of oil only. That is why we present to you in the following lines the ways to open a commercial register in the Emirates, what are the papers required for that, and the requirements for opening a commercial register in the Emirates.
Documents required to obtain a commercial register in the Emirates
Commercial register in the Emirates
The commercial registry in the UAE is the official document in which the basic information of a company or commercial organization is recorded. This includes the company’s full name, the type of business activity it conducts, its location, and the date of its establishment, in addition to data on shareholders or officials of the company. Companies register this information with the relevant regulatory authorities in each emirate, such as the Department of Economic Development in Dubai or the Department of Commerce and Industry in Abu Dhabi. The commercial register is an important reference for external parties to verify the legitimacy of the company and the details of its work in the UAE.
Itqan Company provides company registration services and legal consultations in Dubai and works to help companies complete the commercial register with all the required details. Our company ensures that the trade name is registered correctly, that the company’s activity is accurately identified, and that clients are provided with the necessary knowledge about the legal procedures and administrative requirements in the Emirates.
Establishing a company in the Emirates
You can establish a company in the Emirates with ease and ease with the help of Itqan Company, which provides its specialized services in establishing companies and legal consultations in Dubai. Itqan provides comprehensive expertise in all the steps necessary to establish companies, from choosing the appropriate type of activity to completing all regulatory and licensing procedures. Its services include obtaining commercial licenses and providing support in choosing the ideal location, whether in free zones or special economic zones in the Emirates. Thanks to its extensive experience and knowledge of the local market, Itqan ensures that all procedures are carried out efficiently in accordance with UAE legislation, making it easier for foreign and local investors to benefit from Dubai’s vibrant economic environment to achieve success and sustainability in their businesses.
In addition, Itqan Company provides distinguished support in various aspects of business management, including preparing financial and marketing plans, and providing specialized legal advice to ensure compliance with all local laws and regulations. Itqan seeks to provide innovative solutions that meet the needs of startups and investors, enabling them to focus on developing their business without worrying about administrative and organizational complexities.
Itqan also provides customized services to foreign investors, including facilitating residency and work permit procedures, in addition to providing advice on investment opportunities available in the UAE. Thanks to its extensive network of relationships and partnerships with government agencies and financial institutions, Itqan is able to provide the necessary support to ensure the success and continuity of companies in the growing UAE market.
By choosing Itqan Company as a strategic partner, you can benefit from the experience and deep knowledge of its specialized team, which strives to provide the best solutions and services to establish and manage your company in the Emirates with all professionalism and efficiency.
Requirements for opening a commercial register in the Emirates
Type of company: You must choose the appropriate type of company to establish a company in Dubai , such as a sole proprietorship, a limited liability company, or a joint stock company. To open a commercial register in the UAE, the following requirements are usually necessary:
- Government approvals: Each type of company needs approval from the relevant authorities, such as the Department of Economic Development in each emirate.
- Company name: You must select a name for the company and ensure that it complies with local regulations.
- Commercial activity: Determine the commercial activity that the company will undertake and ensure its compliance with the necessary licenses.
- Capital Contribution: Determine the required capital and pay it into the company’s account.
- Personal documents: Passport copy of shareholders and directors and a personal photo.
- Contracts and agreements: Signing the company’s contracts and necessary agreements.
- Commercial Office: Provide a valid commercial office address for use.
- Additional permits: You may need additional permits depending on the company’s activity, such as industry or construction permits.
These steps include basic aspects, and requirements can vary depending on the type of company and the emirate you choose to establish your company in the UAE.
Documents required to open a commercial register in the Emirates
There are several steps that must be taken in order to be able to open a commercial register in Dubai , which we mention in the following points:
- Attach the documents and papers that were previously extracted during the commercial license application, and send them to the Economic Development Authority in the Emirates.
- Pay all fees related to the commercial license.
- Register in the Chamber of Commerce as a member.
- Adding the capital value to the commercial registry papers.
- After fulfilling all previous conditions, the commercial register must be received.
- When an investor thinks about investing in the Emirates and establishing a company there, there are many advantages that you must know
- In order to achieve successful investment and also to choose the best area for investment in the Emirates, among these features:
- The law allows you to own 100 percent, so you do not need local investors.
- You can invest in establishing any company of any type in any field (commercial, industrial, service, etc.).
- Dubai Investment Authority is 100 percent exempt from taxes.
- The investor can also add a maximum of five other companies and also obtain a residence visa.
- You can employ workers for your company from other countries where you can obtain visas for them.
- One of the wonderful advantages of the UAE is that it allows the investor to move his company between the countries of the Gulf Cooperation Council, that is
- The investor is not restricted to a specific geographical location. The law also allows the investor to transfer money and all capital outside the country.
Advantages of a commercial register in the Emirates
The commercial registry in the Emirates has several features that make it essential for companies and commercial institutions, including:
- Certificate of legitimacy: The commercial register is considered official evidence of the company’s legitimacy and legality in the Emirates.
- Protection for shareholders: The commercial register provides protection for shareholders and officials from legal dependencies regarding the company’s activities.
- Transparency and credibility: The commercial registry contributes to enhancing business transparency and increasing the company’s credibility before customers and business partners.
- Business registration: It helps to accurately determine the type of business activity that the company carries out, which facilitates business dealings and communication.
- Reference database: The Commercial Register provides a reference database for those searching for information about companies and businesses in the Emirates.
- A tool for strategic planning: The commercial register is an important tool in strategic planning for companies, as it provides basic information for making investment and expansion decisions.
By using our company’s services, companies can gain additional benefits by guiding them to achieve legal compliance and strategic direction in the commercial registry registration processes in the UAE.
Commercial register in the Emirates
Cost factors for opening a commercial register in the Emirates
The costs of opening a commercial register in Dubai are affected by several factors, including:
- Registration fees: Varies depending on the type of company and business activity, and requires paying a basic registration fee.
- National Licensing Office fees: These fees apply to obtain the necessary licenses for the company in the Emirate of Dubai, for example.
- Legal and advisory services fees: May include corporate consulting costs and legal assistance services to complete the procedures.
- Virtual or physical office costs: depend on the type of business and its location, with office rental costs and accompanying services.
- Visa and residency fees: These fees may be part of the costs if visas are needed for foreign employees or shareholders.
- Processing and administrative consulting costs: Includes fees charged by service providers who assist with the registration process.
- Financial Services Fees: There may be fees for financial accounting and tax audit services if required.
- Work License and Visa Fees: May include costs for obtaining work licenses and visas for foreign employees if they are part of the company.
With Itqan Company, you can obtain specialized advice on the costs related to opening a commercial register in the Emirates and plan to reduce additional expenses and ensure legal compliance.
Ultimately, the UAE trade register represents an essential foundation for any company or business organization that wants to grow and stabilize in the local business environment. A commercial registry helps achieve legal compliance and increase a company’s credibility, opening doors to business opportunities and strategic partnerships. By consulting a specialized company such as Itqan, investors can ensure that all procedures necessary for registration take place smoothly and in a timely manner, which contributes to the success of their business projects in the UAE.
Frequently asked questions about the commercial register in the Emirates
Do companies have to obtain a renewal of their commercial registration?
Yes, companies must renew their commercial registration regularly according to local requirements, in order to ensure the legal continuity of business activity.
How long does it take to obtain a commercial registration in the UAE?
The duration can vary depending on the emirate and the type of company, but the registration process usually takes a few weeks to approximately two months, depending on the completion of documents and requirements.
What are the costs related to opening a commercial register in the UAE?
Costs vary based on the type of company and the emirate, and include registration fees, legal consultations, office fees, and others.
Can foreigners obtain a commercial register in the UAE?
Yes, foreigners can obtain a commercial register in the Emirates, but there may be some restrictions or conditions required depending on the type of activity and the emirate.