Opening a commercial register in the Emirates for Saudis

٣٠ يناير Opening a commercial register in the Emirates for Saudis

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Learn how to open a commercial register in the Emirates for Saudis, because in today’s accelerating business world, companies seek to benefit from global markets to achieve growth and expansion. Dubai, with its strategic location and status as a global business centre, offers tremendous opportunities for investors from around the world, including Saudis. Opening a commercial registry in Dubai represents an important strategic step for individuals and companies wishing to enter a vibrant and thriving market. Dubai provides an encouraging work environment, with legal and administrative facilities, in addition to an advanced infrastructure that contributes to business success. In this article, we will review the importance of opening a commercial register in Dubai for Saudis , and highlight the benefits and procedures necessary to achieve this goal.

Opening a commercial register in Dubai for Saudis

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Opening a commercial register in Dubai for Saudis

Opening a commercial register in Dubai for Saudis can be a smooth process if you know the basic steps required. Here’s an overview of the process:

Choosing a business : Determine the type of business you want to practice, as its requirements vary based on the activity.
Determine the location : Choose the company’s location, whether it is in a free zone or a commercial area. You can choose free zones such as Dubai, Sharjah or Abu Dhabi.
Preparing documents : You will need to prepare a set of documents such as a passport, residence visa, and personal photo. You may also need to submit a business plan or additional documentation depending on the activity.
Trade name registration : Submit an application to register the company’s trade name through the Department of Economic Development in the relevant emirate or through the company registration platform in free zones.
Obtaining a commercial license : After approving the trade name, you must obtain a commercial license. This requires submitting company documents and signing the necessary contracts.
Office setup : If you are in a free zone, you may need an office or workspace. Free zones often offer flexible office options.
Open a bank account : Open a business bank account for the company. The bank will need company documents and information about the business.
Tax registration : Register the company for taxes, including VAT (if required).
Company insurance : Make sure to obtain appropriate insurance depending on the type of activity. You can seek help from a specialized company such as “Itqan” to facilitate the registration process and obtain the necessary legal and administrative support.

Conditions for opening a commercial register in the Emirates for Saudis

To open a commercial register for Saudis , there are several conditions and requirements that must be adhered to. Here are the most important conditions:

Choosing a business : Determine the type of business you want to practice. The requirement may vary depending on the type of activity you choose.
Choosing a company location : You can choose between free zones or commercial zones within the Emirates. Free zones offer special benefits such as full ownership and tax exemptions.
Submit basic documents :
- Passport : A copy of a valid Saudi passport.
- Residency Visa : If you are a resident of the UAE, you may need to apply for a residence visa.
- Personal photos : Recent personal photos are usually required.
- Letter of Appointment : If you are hiring a manager or local partner, you may need to provide a letter of appointment.
Preparing the Articles of Association : Establishing a company requires submitting an Articles of Association that clarify the legal structure of the company and details of the partners.
Trade name registration : Register the company’s trade name and make sure it is not previously used. It is preferable to check the availability of the name through the relevant websites.
Preparing company documents : You may need to submit additional documents such as a business plan or legal documents depending on the type of activity.
Obtaining a commercial license : After submitting the required documents, obtain a commercial license from the Department of Economic Development or the competent authority in the free zone.
Premises insurance : If you are choosing a free zone, you may need to rent an office or work space. Some free zones offer flexible office options.
Open a bank account : Open a company business bank account at a local bank. You will need to provide company documents and activity ID.
Tax registration : Register the company for taxes, including VAT if your activity is subject to it.
Insurance : Ensure that the company has insurance in proportion to its activity to ensure appropriate coverage. You can benefit from the services of consulting companies such as “Itqan” to help you with these steps and facilitate the establishment process.

The importance of opening a commercial register in the Emirates for Saudis

Opening a commercial register in the UAE for Saudis is of great importance for several reasons:

Entering the UAE market : The UAE is one of the large and thriving markets in the Middle East. Opening a commercial register allows you to enter this market and benefit from growth and revenue opportunities.
Ease of doing business : The UAE is known for its favorable and supportive business environment. The legal and administrative system there is designed to facilitate business start-up procedures and provide the necessary support to new companies.
Tax concessions : Many free zones in the UAE offer tax concessions such as exemption from income tax and value-added tax, which reduces the financial burden on companies.
Full ownership : In some free zones, you can enjoy 100% full ownership of the company without the need for a local partner, which provides you with full control over your company.
Ease of licensing procedures : The process of obtaining a business license in the UAE is usually quick and efficient compared to some other countries, which means that your company can start operating faster.
Taking advantage of the infrastructure : The UAE provides excellent infrastructure that includes commercial centers, logistical facilities, and transportation, which enhances the efficiency of business operation.
Investment opportunities : The UAE is a global financial and commercial center, which means you will be in a strategic location to connect with global partners and investors.
Economic and political stability : The UAE is characterized by political and economic stability, which creates a safe and reliable business environment for investors.
Brand enhancement : Having a commercial register in the UAE can enhance the credibility of your brand and help you build a strong reputation in the market.
Benefit from international agreements : The UAE has trade agreements with many countries, providing you with additional opportunities for expansion and growth in global markets.

Opening a commercial register in the Emirates opens wide doors of opportunities and allows you to benefit from many advantages provided by the business environment there.

Steps to establish a company in Dubai

Establishing a company in Dubai requires following a set of basic steps to ensure success and compliance with legal requirements. Here are the main steps to establish a company in Dubai:

Determine the type of company :
- Limited Liability Company (LLC) : Suitable for business activities that include a local partner.
- Branch Company : To represent an existing foreign company.
- Free Zone Company : To establish a business without the need for a local partner, with special advantages in free zones.
Choosing a business : Determine the type of activity your company will undertake, as licensing and classification vary based on the business activity.
Choosing a business name : Choose a business name that complies with local laws. Ensure that the name is not previously used and is in line with Dubai naming standards.
Preparing documents :
- Passport : A copy of the passport of the owner or partners.
- Residency visas : If you are a resident of Dubai.
- Personal photos : Recent photos of owners and managers.
- Articles of Association : A document that specifies the company’s structure and details of the partners.
Registration and obtaining approvals : Submit an application for registration with the Department of Economic Development (DED) in Dubai or the competent authority in the free zone. You may also need to obtain additional approvals depending on the type of activity.
Signing the articles of incorporation : Prepare and sign the company’s articles of incorporation, which includes details such as the management structure and percentage of ownership.
Obtaining a commercial license : After submitting and approving the documents, obtain the commercial license that allows you to conduct commercial activity in Dubai.
Renting an office or business location : If you are not in a free zone, you will need to rent an office or business location to register it as an official address for your company.
Open a bank account : Open a business bank account at a local bank. You will need to provide company documents and activity ID.
Tax registration : Register your company with the relevant tax authorities if your activity is subject to value-added tax or any other taxes.
Company Insurance : Make sure you obtain the appropriate insurance based on your company’s type of activity and the requirements of local laws.
Registration with Chambers of Commerce : Register with the Dubai Chamber of Commerce to obtain a membership certificate, which is necessary for doing business in Dubai.

By following these steps, you can establish a company in Dubai in an organized and efficient manner, and take advantage of the thriving business environment that the city provides.

Steps to establish a company in Dubai

Reasons to invest in Dubai

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

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.
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.
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.
Dubai is known for its many trade and industry events, including the largest event in the world, Expo 2021
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.
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.
Dubai gives you the opportunity to obtain residency, which gives you many advantages, including traveling to European countries, entering the 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.

At the conclusion of our article about opening a commercial register in the Emirates for Saudis, it becomes clear that the Emirates, especially Dubai, offers an ideal commercial environment for Saudi investors aspiring to achieve success and growth. By offering benefits such as tax exemptions, full company ownership in free zones, and advanced infrastructure, the UAE offers tremendous opportunities for expansion and growth in a global market. By following the right steps and adhering to legal requirements, Saudis can take advantage of these opportunities to boost their businesses and achieve their business goals. Hiring a consulting company such as “Itqan” can greatly contribute to facilitating this process and ensuring success. Opening a commercial register in the Emirates is not just a step to expand the scope of business, but rather an investment in a bright future full of opportunities.