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Opening a commercial register and a commercial license in Dubai

تأسيس شركة في المنطقة الحرة مدينة دبي الطبية

١٤ مارس Opening a commercial register and a commercial license in Dubai

Opening a commercial register and business license in Dubai is an essential step for anyone wishing to enter the business world in one of the most prominent global economic destinations. Dubai, thanks to its strategic location in the heart of the Middle East, offers an advanced business environment and attractive investment advantages that make it an ideal destination for investors from all over the world. This process includes a set of legal and administrative procedures aimed at qualifying companies to practice their commercial activities in a legal and organized manner. Itqan Company is a key partner in facilitating these procedures, thanks to its extensive experience in providing consulting and licensing services.

The process of opening a commercial register and a commercial license in Dubai requires a set of important steps that include determining the type of business activity, choosing a trade name, and submitting the required documents to the relevant government departments. Commercial registration is the first step that grants the company the legal status to practice business, while the commercial license is an official document that allows the company to operate legally and provides it with the necessary permits to practice the activity. Itqan Company provides its services to assist investors in every step of this process, starting from consulting them on the best available options and guiding them through preparing the necessary documents, all the way to providing support in submitting applications and following up on procedures until obtaining the required licenses.

Itqan helps investors overcome legal and administrative obstacles, allowing them to focus on developing their businesses and enhancing their commercial success. By partnering with Itqan, investors can ensure smooth and efficient steps in opening a commercial register and trade license in Dubai , contributing to achieving their business goals efficiently and professionally.

Opening a commercial register and a commercial license in Dubai

Basic steps to open a commercial register and a commercial license in Dubai

Opening a commercial register and trade license in Dubai is a vital step for any investor or entrepreneur seeking to launch in a vibrant and robust business environment. Dubai is one of the most prominent global business destinations, offering vast opportunities and an advanced investment environment. To ensure the success of this project, investors must follow basic steps to complete the registration process and obtain a trade license legally and smoothly. These steps include submitting the required documents, determining the type of business activity, and fulfilling administrative requirements. It requires strict adherence to legal procedures, making it essential to understand each step carefully to ensure compliance with local regulations and achieve business objectives efficiently. Basic steps to open a commercial register and trade license in Dubai

  • Determine the business activity: Investors must determine the type of business activity they wish to engage in. The business activity determines the type of license required and affects the documents and procedures that must be followed.
  • Choosing a trade name: Investors must choose a trade name that reflects the nature of the company’s business and complies with applicable regulations. The name must be unique and not duplicated, and its availability can be checked through the Dubai Department of Economic Development website.
  • Preparing the necessary documents: The required documents include a copy of the investors’ passports, a copy of the Emirates ID (for citizens and residents), the lease contract for the company’s premises, and a business plan. Other documents may include a letter of authorization if there is an agent.
  • Submitting a company registration application: The company registration application must be submitted to the Dubai Department of Economic Development or to the competent authority based on the type of activity and location of the company. The application includes details of the business activity, trade name, and required documents.
  • Obtaining initial approvals: After submitting the application, the documents are reviewed by the Department of Economic Development or the competent authority. If approved, a preliminary approval certificate is issued.
  • Preparing a lease: A lease for the company’s premises must be signed with the service provider or landlord. A formal lease agreement is required that includes details of the location and duration.
  • Submitting an application for a commercial license: After obtaining the initial approval, an application must be submitted for the final commercial license. The application includes submitting the lease contract, certificates and other necessary documents.
  • Receiving the commercial license: After reviewing the application and completing all procedures, the commercial license is issued, which allows investors to legally practice commercial activity in Dubai.
  • Registration with other government agencies: Registration with other government agencies such as the Tax Authority or Customs Department may be required, depending on the type of business activity.
  • Opening a business bank account: After receiving the business license, a business bank account must be opened to facilitate the company’s financial transactions.

By carefully following these basic steps, investors can establish their company in Dubai in a legal and organized manner, contributing to success and growth in the city’s dynamic business environment.

Documents required to open a commercial register and a commercial license in Dubai

Documents required to open a commercial register and a commercial license in Dubai

Opening a commercial register in Dubai is a process that requires careful preparation and submission of a set of essential documents to ensure compliance with legal and administrative regulations. Dubai, thanks to its strategic location and advanced infrastructure, offers ample opportunities for investors and entrepreneurs, but obtaining a commercial register and license requires the submission of accurate and comprehensive documents. These documents aim to achieve transparency and confirm that all business registration requirements have been met. In this introduction, we will discuss the most important documents required that are essential to complete the registration process and obtain a commercial license in Dubai, which contributes to ensuring that the process runs smoothly and efficiently. Documents required to open a commercial register in Dubai

  • Passport Copy: All investors are required to submit a copy of their passport. The passport must be valid and is essential for identity verification.
    Emirates ID Copy: For UAE nationals and residents, a copy of their Emirates ID is required. This document is essential for identity and residency verification.
    Company Premises Lease Contract: An official lease contract for the company premises must be submitted, detailing the location and duration. The contract must be attested and signed by the parties involved. Company
    Registration Application Form: The company registration application form includes details of the business activity, trade name, and names of shareholders. The form must be filled out accurately and submitted to the relevant authorities.
    Business Plan: Submit a business plan that outlines the nature of the business, the company’s objectives, strategies, and financial projections. The business plan helps in understanding the company’s vision and how to achieve its objectives.
    Audit Report (if applicable): In some cases, an audit report or financial statement may be required, especially if the company is part of a group or has a complex structure.
    Work Permit or Ministry of Labor Approval (for certain activities): For certain business activities, a work permit or approval from the Ministry of Labor or relevant authorities may be required.
    Registration fees: Fees related to company registration and obtaining a trade license must be paid. Fees vary depending on the type of activity and size of the company.
    Copy of the previous trade license (if the company is a branch): In the event of opening a branch of an existing company, a copy of the trade license of the parent company must be submitted.
    Authorizations and powers of attorney: If there is an agent or legal representative, an official certified power of attorney must be submitted specifying his powers.

Providing these documents accurately and reliably speeds up the process of registering the company and obtaining the trade license, allowing investors to start their business in Dubai with confidence and efficiency.

Learn about a commercial license in Dubai

At the end of the process of opening a commercial register and a commercial license in Dubai, it becomes clear that this procedure is a pivotal step towards achieving commercial success in one of the fastest growing markets in the world. Dubai represents an encouraging investment environment thanks to its modern infrastructure and advanced facilities it provides to investors. By cooperating with Itqan Company, it becomes easy to deal with all the legal and administrative requirements related to opening a commercial register and a commercial license.

Itqan plays a key role in simplifying this process, providing comprehensive consulting services that ensure investors comply with all required regulations and systems. With its extensive experience and in-depth knowledge of local laws, Itqan helps investors avoid potential complications and problems that may arise during registration and licensing procedures. The company also contributes to providing full support during every stage of the process, starting from determining the type of business activity and choosing a trade name, all the way to submitting the necessary documents and obtaining licenses.

Successfully opening a commercial register and trade license in Dubai requires more than just completing the formalities, but also a thorough understanding of local requirements and a well-thought-out business management strategy. With the support of Itqan, investors can get all the assistance they need to ensure the process runs smoothly and efficiently, allowing them to focus on growing their business and achieving their business goals.

In short, cooperation with Itqan Company provides great added value to investors, contributing to enhancing their success in the global Dubai market, and allowing them to take maximum advantage of the commercial opportunities available in this dynamic investment environment.

Frequently Asked Questions about Business License in Dubai

What are the basic steps to open a commercial register and a commercial license in Dubai?

The first step is to determine the type of business activity and apply for a trade name. After that, the required documents must be prepared, such as passports, lease contract, and business plan. After completing the documents, they are submitted to the Department of Economic Development for registration and license.

What documents are required to open a commercial register and a commercial license in Dubai?

Required documents include a copy of the investors’ passports, the lease contract for the company’s premises, the company registration application form, the business plan, and a copy of the Emirates ID for local investors.

How long does it take to obtain a commercial register and a commercial license in Dubai?

The process of obtaining a commercial registration and a commercial license in Dubai usually takes from two to four weeks, depending on the type of activity and the speed of submitting the required documents.

What are the fees associated with opening a commercial register and trade license in Dubai?

Fees vary depending on the type of business and the size of the company. Fees typically include registration fees, business license fees, and lease fees, and may also include additional fees related to certain activities.

Can a foreign investor open a company in Dubai without a local partner?

In Dubai’s free zones, foreign investors can own 100% of the company without the need for a local partner. In non-free zones, a local partner may be required to own 51% of the company’s shares.