Opening a commercial register in Dubai

Opening a commercial register in Dubai is a crucial step for individuals and companies wishing to initiate business in the Emirate of Dubai. This official register represents the company’s commercial record and reflects the company’s identity and activity to government authorities and potential customers. Establishing a company in Dubai requires a thorough understanding of legal procedures and requirements, as well as good planning to ensure the company’s success in the market. In this article, we will explore the process of opening a commercial registration in Dubai, including the basic steps required and important information you should be aware of before starting. We will also go over some valuable tips to simplify the process and achieve lasting success for the company in the competitive Dubai market.

Opening a commercial register in Dubai

Opening a commercial register in Dubai

To open a commercial register in Dubai, you must follow the following procedures:

• Study the market and choose the activity: First, conduct a study of the market and determine the type of business activity you want to practice. You can choose from many sectors such as retail, hospitality, financial services, technology, real estate, and others.
• Choosing the legal type of company: Decide whether you want to create a sole proprietorship, limited partnership or joint stock company. The choice depends on your needs and business requirements.
• Choosing a company name: Choose a name for your business and make sure it complies with local laws and legislation. The name must be unique and not in conflict with any other existing company.
• Obtaining approval from the competent authorities: It may be necessary to obtain approval from the competent authorities in Dubai, such as the Department of Economic Development (DED) or the Dubai Investment Development Agency. The required documents must be submitted and the specified standards and conditions must be adhered to.
• Preparing the required documents: Prepare the required documents to submit with your application. These documents may include a passport, personal photo, rental contract (if there is one), corporate documents of the company, and others.
• Payment of fees: You must pay the fees required to issue the commercial license. Fees vary depending on the type of activity and the type of business you want to create.
• Completing legal procedures: This may require signing a partnership agreement (if the company is a partnership) or carrying out other legal procedures depending on the legal type of the company.
• Receiving the commercial license: After completing the procedures and paying the fees, you will receive the final commercial license that allows you to start practicing commercial activities in Dubai.

Read also: Establishing a company in Jebel Ali

Documents required to open a commercial register in Dubai

To open a commercial register in Dubai, you usually need to submit the following documents:

1. A copy of the passport of the owner or general manager of the company.
2. A recent personal photo of the owner or general manager.
3. A copy of the lease contract for the office or commercial space that the company will use.
4. A copy of the partnership contract if the company is a partnership.
5. A detailed business plan explaining the company’s activity and future plans.
6. A copy of the company’s commercial registration if you have a company already registered in Dubai.
7. A business registration application form filled out and signed by the owner or general manager.

The cost of opening a commercial register in Dubai

The cost of opening a commercial registration in Dubai may vary based on several factors, including the type of company, size of the business, location, and other administrative and legal costs. However, a general estimate of the approximate cost of opening a commercial registry in Dubai can be provided for reference.

For larger companies or complex sector-specific businesses, the cost may be higher and exceed this amount, and varies depending on the company’s specific needs.

It is always advisable to speak with Itqan to get an accurate estimate of expected costs based on the individual circumstances and requirements of your business.

Types of commercial activities allowed in Dubai

There are a large number of commercial activities permitted in Dubai. These activities vary in different fields. Here are some examples of the types of business activities allowed in Dubai:

1. Wholesale and retail trade: including the sale of general products, consumer goods, electronics, clothing, jewelry, furniture, food and beverages, household items, etc.
2. Professional services: such as legal and accounting consulting, marketing, management, technology, engineering, architecture, design, training, education, health care, beauty, fitness, etc.
3. Transforming industries: such as food and beverage industries, chemical and petrochemical industries, engineering and electronic industries, textile and clothing industries, wood and furniture industries, metal and construction industries, and others.
4. Tourism and hospitality: such as hotels, restaurants, cafes, resorts, tourism services, travel, entertainment, and real estate trade.
   Technology and communications: such as information and communications technology, computer programs, mobile applications, website design, digital marketing, etc.
5. Transportation and logistics: including shipping, warehousing, distribution, land, air and sea transportation and associated logistics services.

The importance of opening a commercial register in Dubai

Opening a commercial registry in Dubai has many benefits and importance, and here are some reasons why it is important:

• An excellent investment destination: Dubai is considered a distinguished investment destination and a global commercial center. Opening a commercial register in Dubai gives you access to a wide and diverse market of customers and business partners.
• Encouraging business environment: Dubai provides an encouraging and supportive business environment for new projects. It has advanced infrastructure and efficient government services, in addition to flexible and simplified commercial laws and regulations.
• Access to Regional Markets: Thanks to its strategic location, your business in Dubai can easily access nearby regional markets, such as the Middle East, North Africa, and South Asia. This provides opportunities to expand and grow your business.
• Advanced Infrastructure: Dubai provides advanced infrastructure that includes modern airports, seaports, and an advanced transportation network. This facilitates transportation, distribution and international trade.
• Favorable tax policy: Dubai provides a favorable tax environment for businesses, as it does not tax personal income and does not tax capital. This gives you a competitive advantage and helps you achieve higher profits.
• Government support: The Dubai government offers many programs and initiatives that support entrepreneurs and startups. You can benefit from financial support, training, advisory assistance and other services provided by the government.
• Reputation of dependability and reliability: Commercial Registry in Dubai enjoys a high reputation and reliability in the global market. This can increase the trust of customers and partners and help you build successful business relationships.

Opening a commercial register in Dubai gives you the opportunity to grow and expand in a thriving market. With the right strategy and good execution, you can have a chance to achieve great success in your business. However, it is also important that you study the market and develop a solid business plan before opening a business registration in Dubai or anywhere else, and ensure compliance with all local regulations and legal requirements.

Tips for achieving continued success after opening a commercial register in Dubai

To achieve continued success after opening a commercial registry in Dubai, here are some important tips:

1. Build strong relationships: Build strong relationships with customers, partners, suppliers and other stakeholders in Dubai. Make sure to provide excellent customer service and respond to their needs effectively.
2. Effective Marketing: Develop an effective marketing strategy to promote your products or services. Use social media, digital marketing, advertising and promotions to reach a wider audience and increase awareness of your brand.
3. React to market changes: Stay updated with changes and trends in the market in Dubai. Look for new opportunities and improvements in your products or services and be prepared to adapt to rapid changes.
4. Continuous development: Continue to improve your business through continuous development and innovation. Follow technology and industry trends and periodically develop your products or services to meet customer needs and innovate in the market.
5. Effective financial management: Manage your finances effectively and wisely. Create a budget and financial plan and track expenses and income accurately. Improve process efficiency and reduce unnecessary costs.
6. Quality of the product or service: Make the quality of the product or service you provide your highest priority. Serve customers and exceed their expectations by providing high-quality products or services and an outstanding customer experience.
7. Team Development: Develop the team that supports the success of your business. Select qualified and committed employees and provide them with ongoing training and development. Encourages innovation and teamwork and provides a stimulating work environment.
8. Compliance with Laws and Regulations: Ensure compliance with all local laws and regulations in Dubai. Make sure to renew the required licenses and permits regularly and monitor any changes in legal regulations related to your business.
9. Innovation and excellence: Try to be innovative and distinctive in your industry. Offer unique products or services and stand out from other competitors. Explore opportunities to expand and diversify your business and look for new opportunities.
10. Look for support and advice: Do not hesitate to seek support and advice from local institutions, organizations and specialized government centres. You may find support, financing and training programs that help you achieve the continued success of your business.

These are some tips that can help you achieve continued success after opening a commercial registry in Dubai. You must be prepared to adapt to challenges and changes in the market and work hard to achieve your goals.

Itqan Company services to open a commercial register in Dubai

Itqan Company offers a comprehensive range of services to assist clients in opening a commercial register in Dubai. Here are some of the services that Itqan Company may provide in this context:

• Business Consulting: Providing specialized consultations on the processes of opening a commercial registry in Dubai , including determining the appropriate company type and strategic planning.
• Government Transaction Arrangements: Assisting clients in completing all government procedures necessary to open a commercial register in Dubai, including submitting applications and coordinating meetings with relevant authorities.
• Document preparation and follow-up: Providing assistance in preparing and organizing the documents required to open a commercial register in Dubai, and constantly following up on the application’s progress and processing.
• Guidance on financial requirements: Advice on the financial requirements for opening a commercial register in Dubai, including the required capital and expected costs.
• Help in choosing the ideal location: Assistance in choosing the appropriate location to open a commercial register in Dubai, and negotiating the necessary contracts for rent.
• Legal and administrative support: Providing the necessary legal and administrative support throughout the process of opening a commercial register in Dubai, including assistance in resolving legal and legislative issues.
• Guiding clients on legal strategies and legislation: Providing advice and guidance on effective legal strategies and local legislation that must be followed to ensure the success of opening a commercial register in Dubai.

Through its experience and specialization in the field of business in Dubai, Itqan Company provides comprehensive services that help clients open a commercial register efficiently and smoothly.

Related topics: Establishing a company in the Dubai Free Zone

Frequently asked questions about opening a commercial register in Dubai