Ways to establish a company in Dubai for foreigners in 2023. Dubai is one of the most prominent economic and commercial destinations in the world, attracting investors and entrepreneurs from all over the world. The emirate is characterized by a favorable investment environment and modern infrastructure, in addition to supportive business policies. Opening a commercial register in Dubai is an essential step for anyone wishing to start a business in the emirate, as this register allows business owners to operate legally and documented, and gives them the ability to benefit from many of the privileges and services provided by the government.

In this article, Ways to Establish a Company in Dubai for Foreigners 2023, we will discuss the process of opening a commercial register in Dubai in detail, starting with the definition of the commercial register and its importance, passing through the necessary conditions and requirements, all the way to the practical steps that must be followed to achieve this goal. Whether you are a novice or an experienced entrepreneur who wants to expand your business activities in Dubai, this guide will provide you with the basic information necessary to take the first steps towards achieving your business success in this global city.

Ways to establish a company in Dubai for foreigners 2023

What is a commercial register?

The commercial registry is an official system in which all commercial and economic activities carried out by individuals and companies in a particular country are recorded. Establishing a company in Dubai is a vital tool for organizing a business and ensuring transparency and credibility in the market. The commercial registry includes detailed information about companies and commercial institutions, such as the company name, type of business activity, headquarter address, owners and partners’ data, and registered capital.

• The importance of the commercial register

The commercial registry is an essential tool that enhances trust between companies, customers and business partners. By registering your business, you ensure transparency and credibility in business dealings. The commercial registry also makes it easier for the government to monitor economic activities and analyze market data, which helps in making appropriate economic and policy decisions. In addition, the commercial registry allows companies to obtain official licenses and approvals to practice their activities, which facilitates expansion and growth.

• The difference between the commercial register and the tax register

Although the commercial register and the tax register are similar in some aspects, there are fundamental differences between them. The commercial registry is concerned with documenting commercial and economic information for companies, while the tax registry focuses on documenting the tax obligations of companies and individuals. In other words, the commercial registry is a database that includes comprehensive information about corporate activity, while the tax registry focuses on recording information related to taxes due and paid. Registration in the commercial registry is considered a necessary first step before registering in the tax registry, as obtaining a tax number requires an active commercial registry.

Conditions and requirements for establishing a company in Dubai

Residence conditions

In order for an individual to open a commercial register in Dubai , he must be a resident of the United Arab Emirates. Foreign residents can apply to open commercial records, provided that they have a valid residence permit and are committed to the country’s residency laws and regulations. Although there are free zones that allow foreigners to fully own companies, in some cases it requires a local partner to own a certain percentage of the company.

Required Documents

The process of establishing a company in Dubai requires submitting a set of official documents proving the applicant’s identity and business activity. Among these documents:

• A copy of the passport and residence permit (for foreign residents).
• A recent personal photo.
• A copy of the lease or ownership contract for the workplace.
• Company incorporation contract (in the case of companies).
• Approval of the competent authorities if the commercial activity requires this.
• Submit a brief business plan that explains the nature of the business activity and the services or products that will be provided.

Fees and costs

Fees and costs related to opening a commercial registration in Dubai vary based on the type of business activity, the size of the company, and the location where the activity will be conducted. These fees include:

• Initial registration fees for the commercial registry.
• Trade license issuance fees.
• Membership fees in the Dubai Chamber of Commerce and Industry.
• Approvals and permits fees from the competent authorities, if any.
• Rental and basic equipment costs for the workplace.

Applicants must carefully review all required fees and ensure that all costs are covered to ensure that they do not delay the process or face problems in the future.

Steps to open a commercial register

Steps to open a commercial register

Choose a business activity

The first step in opening a commercial register is to choose the business activity you wish to practice. This activity must comply with applicable laws and regulations in Dubai. You can view the list of permitted commercial activities through the Department of Economic Development in Dubai. It is important to choose the activity carefully, as this will determine the type of business license you will need.

Submission of the application

After choosing the business activity, the next step is to submit an application to open the commercial register. The application can be submitted online through the Department of Economic Development website or in person at one of the service centers. The application form must be filled out with correct and accurate information, specifying the desired trade name. It is preferable to provide three alternative trade names if the first name is not approved.

Obtaining the necessary approvals

Once you submit your application, you will need to obtain the necessary approvals from the relevant authorities. The type of approvals required varies depending on the type of business. Some activities may require additional approvals from competent authorities such as the Health Authority or the Roads and Transport Authority. Make sure to complete all approvals to avoid any delay in issuing the commercial registration.

Our company’s role in establishing a company in Dubai

In conclusion, opening a commercial register in Dubai is a pivotal step for any entrepreneur seeking to achieve success and prosperity in an advanced and prosperous business environment. Understanding the terms and requirements, and familiarity with the necessary procedures and steps, provide a strong foundation on which to build to achieve business goals. By choosing the appropriate business activity, submitting the required applications, and obtaining the necessary approvals, businessmen and new companies can benefit from the vast opportunities that Dubai offers as one of the most prominent global business centers.

Thanks to its attractive investment environment and advanced infrastructure, Dubai is an ideal destination to achieve growth and expansion ambitions. Therefore, adhering to official procedures and following the correct steps in opening the commercial register contributes greatly to facilitating commercial operations and ensuring compliance with local laws, which enhances the chances of success and sustainability.

Ultimately, it takes precision and good planning, but the potential returns make the effort a valuable investment in the future of the business.

Frequently asked questions about establishing a company in Dubai