Opening a commercial registry in Dubai is an important strategic step for Saudis looking to expand their business or invest in a thriving international market like Dubai. Dubai is a leading commercial and financial center in the region, making it an ideal business destination thanks to its advanced infrastructure and open trade laws. I will provide you with an introduction to the article covering this topic:

Opening a commercial registry in Dubai is a crucial strategic step for Saudis seeking to explore promising business opportunities in a developed and open international market like Dubai. Dubai is a gateway to global markets, as it is distinguished by its advanced infrastructure, stimulating economic policies, and legal environment that encourages business. In addition, Dubai provides a wide range of opportunities for startups, medium and large companies, making it an ideal destination for Saudi investors looking to expand their business and achieve economic growth.

In this article, we will review the basic steps and requirements for opening a commercial registry in Dubai , as well as the features and benefits that Saudi investors can benefit from, and how to overcome common challenges they may face in this process.

Opening a commercial register in Dubai for Saudis

Steps to open a commercial register in Dubai for Saudis

If you are a Saudi and want to open a commercial registry in Dubai , here are the basic steps to follow:

1. Choosing a business: First of all, you must determine the type of business activity you want to practice in Dubai, and ensure that it complies with local laws and regulations.
2. Choosing a local partner (if necessary): In some cases, some businesses may require a local partner to do the registration, and you can get help from legal advisors to determine this.
3. Obtaining an initial permit: You must obtain an initial permit from the Dubai Department of Economic Development, and this includes providing information about the business activity and the proposed company structure.
4. Determine the location and address: You must determine the place where you will conduct business activity and submit the necessary documents, such as a lease contract or ownership certificate.
5. Submit the necessary documents: including the registration application form, passport, personal photo, and any additional documents required by the Department of Economic Development.
6. Payment of fees and costs: Applicable fees must be paid to register the company and obtain the necessary licenses.
7. Waiting for Approval: After submitting all documents and paying the fees, the Department of Economic Development will review and decide the application, and it may take some time for the company to receive final approval.
8. Registration in the Commercial Registry: Once approved, the company will be registered in the Commercial Registry and granted a final business license.

The cost of opening a commercial register in Dubai for Saudis

The cost of opening a commercial register in Dubai for Saudis consists of several main components, and varies based on the type of business activity and the company structure chosen. Here’s an overview of factors that may affect costs:

• Initial registration fees: These include fees paid when submitting the initial commercial registration application. These fees vary depending on the type of activity, corporate structure, and where the company will be registered.
• Consulting Services Costs: If you use consulting or executive firm services to assist in the company formation process, you may experience additional costs for these services.
• Rental and office fees: If you need an office to work from, you will need to pay a rental fee, and these fees may vary based on the location and space required.
• Attorney and Legal Counsel Fees: You may need to consult an attorney to review legal documents and ensure compliance with local laws, which may result in additional costs.
• Other government fees: The process of opening a commercial register may involve paying other government fees such as licensing fees and administrative fees.

Documents required to open a commercial register in Dubai

To open a commercial register in Dubai , the required papers usually include a set of basic documents that must be submitted to the Dubai Department of Economic Development or the competent authority. These documents usually include:

• Registration application form: includes company information such as company name, type of activity, company structure, and details of partners or shareholders.
• Copy of passport: for all partners or shareholders who will be part of the company.
• Recent personal photos: of partners or shareholders.
• Bank letter: proving the financial establishment of the company and its ability to invest and operate.
• Lease contract or a copy of the ownership certificate: for the place where the company will operate.
• Business plan: A detailed plan that explains the company’s goals, activities, and future plans.
• Special approvals: There may be special approvals required depending on the type of activity, such as approval from the relevant regulatory authorities if the company works in specific fields such as health, food, or construction.
• Administrative and registration fees: You must pay the fees required to register the company and obtain the necessary licenses.

Types of business licenses available in Dubai

In Dubai, there are several types of business licenses that companies can obtain depending on the type of business activity they intend to engage in. Here are some types of business licenses available in Dubai:

1. General Trade License: This license allows companies to practice any general commercial activity such as retail, retail sales, and professional services that do not require a special professional license.
2. Industrial Trade License: This license allows companies to produce and manufacture goods, and includes factories, workshops, and companies operating in the fields of manufacturing industries.
3. Professional Trade License: This license allows individuals to practice professional activities and professional services such as medicine, engineering, accounting, legal consulting, and engineering design, without the need to establish a company.
4. Free Zone License: Allows companies to operate within a free zone with benefits such as enjoying tax and customs exemptions, and providing full ownership for the foreign investor without the need for a local partner.
5. Multiple Shareholder License: Allows companies to operate with the participation of several partners of different nationalities. This license requires additional procedures to comply with local corporate laws.
6. Branch License: It allows international companies to open branches in Dubai, which are affiliated with the parent company abroad, which makes it easier for international companies to expand their business and provide their services in Dubai and the surrounding area.

Why choose Dubai to open your company?

Many entrepreneurs choose Dubai as a destination to open their companies for several main reasons that make it one of the best global destinations for business and investments. Here are some reasons why Dubai is attractive for opening businesses:

• Suitable investment environment: Dubai provides an open investment environment full of opportunities, with advanced commercial laws and regulations that facilitate the process of establishing and operating companies.
• Excellent strategic location: Dubai is located in the heart of the Middle East and is a natural gateway to regional and global markets, facilitating access to more than one billion consumers in the region.
• Advanced infrastructure: Dubai has an advanced infrastructure that includes large international airports, modern seaports, an advanced transportation network, and global communications services, which facilitates international transportation and distribution operations.
• Tax and customs exemptions: Free zones in Dubai provide tax and customs exemptions, which reduces operational costs and increases profitability for companies.
• Political and social stability: Dubai enjoys a safe, politically and socially stable environment, which increases its attractiveness as a business and investment destination.
• Diversity of economic sectors: Dubai is distinguished by the diversity of its economic sectors such as real estate, trade, financial services, and technology, which provides wide opportunities for various types of businesses.
• Flexibility in establishing and operating: The business system in Dubai is characterized by flexibility and speed in the procedures for establishing companies and obtaining the necessary licenses, which facilitates the process of starting and operating businesses effectively.

At the conclusion of this article, we can conclude that opening a commercial registry in Dubai for Saudis is considered an important and exciting investment step. Dubai provides an advanced business environment and great opportunities for Saudis who want to expand their business activities.

Opening a commercial registry in Dubai for Saudis represents an important and exciting investment opportunity within the framework of the close economic relations between the United Arab Emirates and the Kingdom of Saudi Arabia. Dubai is a vital gateway for business in the Middle East, providing advanced infrastructure and an investment environment full of opportunities.

Through simplified and fast company registration procedures, Saudis can easily establish their business ventures in Dubai, whether it is to expand into new markets or to exploit the diverse business opportunities that the emirate offers. Saudis have an added advantage thanks to the geographical proximity and strong cultural and economic ties between the two countries, which makes it easier for them to manage and operate their businesses in Dubai efficiently and successfully.