The commercial register is an essential requirement for anyone wishing to establish a company, and therefore, many individuals seek the requirements for opening a commercial register in the UAE, this is to ensure that they can legally conduct their business activities, opening a commercial register entails the submission of various legal documents as required by the government, along with a specific financial amount, once these documents submitted, and the required fees are paid, the process can proceed.
Requirements for opening a commercial register in the UAE
In order for an investor to establish their own business, they need a commercial register.
This register has conditions set by the government that must meet by the company to avoid any legal issues.
The requirements for how to establish a company in Dubai include the following:
-
Type of commercial activity
There are various types of activities that individuals can invest in within the UAE, including commercial, service-oriented, industrial, and tourism-related activities.
Determining the type of activity helps in understanding the required steps more accurately.
And Tasyeir company handles this task completely and smoothly.
● Determining the commercial name
One of the procedures for establishing a company in Dubai is choosing the company’s name, which must be suitable for its specific activity.
It must also comply with all the laws and regulations of the Dubai Development Authority, as fulfilling all requirements is essential.
It is also important that the name does not resemble any other name, does not contain any royal or divine reference.
As well as, it does not include political terms or the names of government entities.
As well as, the last and first names of the company owner must be part of the company’s name, including the names of the partners, and family titles are not allowed.
● Provisional approval requirements for opening a commercial register in the UAE
To open the register, the investor should obtain provisional approval regarding the nature of the work and the name.
-
Registered office location
An office or suitable place for the company’s establishment is rented.
As well as, it should be accompanied by an authenticated and documented contract from the Dubai Real Estate Regulatory Authority.
It must also be presented to the relevant authorities, with the office space not exceeding 200 square feet.
-
Commercial license in Dubai
One of the requirements for opening a commercial register in the UAE is an individual or entity should not possess more than one commercial license.
As well as, it should submit to the relevant authority.
-
Additional Approvals
There are several entities that must contact to fulfill all conditions, and all of them must give their approval.
-
Paying the costs
One of the requirements for opening a commercial register in the UAE is knowing the various payment methods.
So entrepreneurs can choose the best way to pay the fees for the commercial license.
Cost requirements for opening a commercial register in the UAE
The requirements for opening a company register in Dubai for foreigners and Gulf citizens involve paying certain fees.
These fees are paid at the outset when extracting the register.
As well as there are also renewal fees, which are paid annually.
The fees for extracting the register are as follows:
- To have the investor registered in the commercial company register, they need to pay fees based on the type of activity.
- The annual renewal, which requires a certain amount of money to obtain an extract from the register page.
Penalties for non-payment of fees
The renewal of the register is conducted annually, requiring the payment of fees within the specified deadlines.
This is to ensure that the company’s activities continue smoothly and without interruption.
If the company owner delays the payment of fees.
A financial penalty is imposed, determined by the Economic Development Department.
If the delay is significant, the penalty increases.
How much does cost Requirements for opening a commercial register in the UAE?
Despite the favorable requirements for opening a business register in the UAE.
As well as, the excellent projects established in Dubai, the associated costs can be high.
As well as, the requirements for opening a commercial register in the UAE is possible for residents.
For this reason, small or startup projects may find it challenging to establish their presence in the UAE market.
The varied advantages in Dubai, such as no income tax, high-speed internet connectivity.
And a diverse workforce, may not be sufficient for every business venture.
Many business owners concerned about entering the UAE’s economic landscape.
Therefore, they are turning to other, more cost-effective locations to establish their businesses in Dubai.
According to the World Bank’s Ease of Doing Business Index, the UAE ranks 25th globally for starting business projects.
Why should you choose Tasyeir?
Tasyeir is one of the companies that specialize in establishing commercial companies in Dubai, providing real services for anyone looking for requirements for opening a commercial register in the UAE for a successful business or company in Dubai.
It continually strives to develop its services to keep up with the advancements and requirements of the times.
While also ensuring the acquisition of skilled staff and maintaining credibility.
Follow us on social media
