Commercial registration in Dubai for Saudis

A commercial register in Dubai for Saudis – Starting companies in Dubai has become easier and faster than ever before to help company owners launch and expand their businesses without the need for any arbitrary procedures from the company owner. We will explain by explaining how to open a commercial register in Dubai for Saudis and know the steps. Establishing a company in Dubai

Steps to establish a company in Dubai

Determining the nature of the activity, which is the first step in the process of establishing your company and determining the type of activity you want to practice in Dubai. This will determine the parties associated with the activity and the permitted legal form. Economic activities can be classified into three types: professional/commercial/industrial.

The choice of activity depends on the type of company to establish. The client must complete the steps described:

  • Determine the economic activity of your company.
  • Determine the legal form and parties and determine the following points: the partnership’s capital ratio and the partners’ ratio of profits and losses.
  • Determine and reserve a new trade name in the following ways: Reserve a new trade name / Use an automatic trade name, as the reservation number can be used as a trade name.
  • Submitting an initial approval certificate.
  • Preparing the articles of association and a service agent agreement.
  • Choose the company’s location and document the lease contract. The customer submits the initial approval certificate to one of the service provision centers, in addition to the lease contract and other documents required by the Real Estate Regulatory Authority. After obtaining the certified lease contract, it is later submitted to the Department of Economic Development to complete the procedures. /span> It must be valid and the area of ​​the site must not be less than 100 square feet. Issuing a commercial license
  • Obtaining approvals from the entities regulating the activity. The client can familiarize himself with the list of economic activities and does not require obtaining any approvals from other government agencies.
  • Receipt of the commercial license.

 

Commercial registration in Dubai for Saudis

 

Opening a commercial register in Dubai for Saudis

After completing the previous steps, you can receive the activity license and open a commercial register in Dubai for Saudis after doing the following:

  • Attach the required documents for each of the previous steps and submit them to the Department of Economic Development. Continue opening a commercial register in Dubai for Saudis.
  • Pay the commercial license fees within 30 days from the date of issuance of the payment authorization. If the commercial license fees are not paid within 6 months from the date of issuance of the payment authorization, the transaction will be automatically cancelled.
  • Registering as a member of the Chamber of Commerce: You will need to become a member of the Chamber of Commerce in the relevant Emirates before you can start your economic activity.
  • When you apply, you will be required to obtain an official business license and a lease agreement for your company’s proposed location
  • Add the capital value to the company’s commercial registry data, and the rest of the fields will be filled in automatically.
  • Issuing a payment permit and paying the fees. Only one payment permit is issued that contains the initial approval fees, trade name reservation, and license issuance fees.
  • When applying for a commercial license, please consider the required documents. The date of issuance of the license is calculated from the date of issuance of the payment permit.

If you want to own a company in Dubai, you must first open a commercial register in Dubai, as it is known that Dubai has become one of the most important commercial centers in the world. This is due to the large number of fields in it, whether industrial or commercial.

The discovery of oil in the recent period led to the prosperity of the economy and opened many fields such as extracting and selling natural gas, in addition to building companies and real estate, which was the main reason for attracting investors and foreigners to open companies and invest their money in Dubai.

But in order to be able to create their own business, they must first obtain a commercial license and open a commercial register.

 

Ways to establish a company in Dubai

In order to be able to establish a company in Dubai you must first take the steps imposed by the Dubai Economic Development Authority, for anyone who wants to own a company or Making an investment in the Emirate of Dubai, which are as follows:

  • He must determine the economic activity of the company he wishes to open
  • Identify all parties in the company, indicating the percentage of gain and loss and the capital ratio
  • Choose a trade name for your company
  • To apply for an initial approval certificate
  • To choose the company’s location and prepare the papers proving ownership of the place or if it has been rented
  • He will obtain the commercial license so that you can practice your activity

 

Ways to open a commercial register in Dubai

In order to be able open a commercial registry in Dubai, specific steps must be taken, as was done in establishing Companies in DubaiThis is done through the following:

  • First, you must attach the documents and papers that were previously extracted to apply for a commercial license and send them to the Dubai Economic Development Authority.
  • Secondly, he must pay all fees for applying for a commercial license
  • Thirdly, he must register with the Chamber of Commerce as an active member
  • Fourthly, he must add the value of the capital to the commercial registry papers
  • Fifthly and finally, he must receive the commercial register

 

Reasons to invest in Dubai

Many people seek to establish a company in Dubai, or to start investing in the Emirate of Dubai for many reasons, which are as follows:

  1. Dubai is considered one of the countries that has different living conditions, and this encourages investment there, regardless of your budget and financial ability to start your own project, as the cost of establishing companies varies from one class to another.
  2. According to what was reported about the residential density in Dubai, and that it is considered one of the countries with high population density, this has made it in constant need of more different projects that serve the community.
  3. The Dubai government’s support for investors and those wishing to start their own business in Dubai must be taken into account, by facilitating all the services and needs required to establish a business for them.
  4. Dubai is known for its many trade and industry events, including the largest event in the world, Expo 2021
  5. Dubai is interested in education and health, in addition to its safety, which has made it one of the most suitable countries to invest in, in addition to permanent development in terms of developing services and means of transportation.
  6. The speed of providing government services makes establishing companies easy and quick. You can open a company within a week and obtain a commercial license within a day.
  7. Dubai gives you the opportunity to obtain residency, which gives you many advantages, including travel to European countries, entering Gulf countries without the need for an entry visa, While establishing a company in Dubai gives you residency there for 3 years.

If your activity is important to society and useful, this makes your chances of obtaining permanent residency great.

 

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