opening a commercial register in Dubai for Saudis

Opening a commercial registry in Dubai is an important strategic step for Saudi investors seeking to benefit from economic opportunities in one of the most prominent global commercial capitals. Dubai represents an ideal environment for business thanks to its advanced infrastructure, favorable legal environment, and the facilities it provides to the private sector. To establish a commercial register in Dubai, Saudi investors must follow certain steps and ensure compliance with local regulations, in addition to benefiting from advisory services and facilities provided by specialized companies such as Atkan, which contribute to accelerating the registration process and ensuring compliance with all legal requirements. By opening a commercial registry in Dubai , Saudi investors can benefit from the developing market and expand into multiple areas, which enhances the growth of their business and provides new opportunities for success and innovation.

Opening a commercial register in Dubai for Saudis

Opening a commercial register in Dubai for Saudis requires following a set of basic steps to ensure compliance with local regulations and facilitate the registration process. Here are the main steps:

• Choose the type of business: Determine the type of business you want to engage in. Dubai offers multiple options, including public and private commercial activities.
• Determine the company form: Choose the appropriate legal entity type, such as a limited liability company (LLC), a branch of a foreign company, or a wholly foreign-owned company, depending on the business requirements.
• Trade name registration: Choose a trade name that complies with the rules of the Ministry of Economy and the Free Zone Authority, and apply to register the name for approval.
• Preparing the necessary documents: Collect the required documents, which may include passport, residence visa, address proof documents, office lease contract, business plan, and professional certificates if necessary.
• Apply for a license: Apply for a business license from the Department of Economic Development (DED) or the relevant free zone authority, depending on where the company is registered.
• Signing the contract and documenting the papers: Conclude the contract with the partners or shareholders and document the legal papers, such as the company’s articles of incorporation and articles of association.
• Open a bank account: Open a business bank account in the name of the company in one of the approved banks in Dubai.
  Complete registration procedures: Complete administrative procedures such as registering the company with the Dubai Chamber of Commerce and Industry, and obtaining work permits if necessary.
• Obtaining the necessary visas: Obtain work and residence visas for employees and investors if needed.
  By following these steps, you can establish a commercial register in Dubai easily and effectively, allowing you to benefit from the economic opportunities available in the UAE market.

The importance of opening a commercial register in Dubai for Saudis

Opening a commercial registry in Dubai for Saudis represents an important strategic step that offers many benefits and opportunities. Here’s the importance of this step:

1. Access to a global market: Dubai is one of the most prominent global commercial centers, providing Saudi companies with the opportunity to access diverse international markets. This promotes expansion and growth of the business into new markets.
2. Favorable business environment: Dubai provides a favorable business environment thanks to its modern infrastructure, advanced legal system, and government facilities. This contributes to facilitating establishment and operation procedures.
3. Multiple business opportunities : Dubai includes a wide range of economic activities and business opportunities, allowing Saudi companies to enter various sectors such as trade, technology, tourism, and financial services.
4. Tax breaks and economic benefits: Dubai offers attractive tax benefits, such as exemption from corporate and profit taxes in some free zones, which reduces operational costs.
5. Easy access to financing and financial services: The presence of an advanced financial infrastructure provides Saudi companies with access to financing and investment services, including banks and financial institutions.
6. Government and institutional support: The UAE government and the competent authorities in Dubai provide significant support to foreign investors, including facilitating procedures and providing technical and administrative support.
7. Regional Expansion: Dubai is considered an excellent starting point for expansion into the Middle East and African markets, thanks to its strategic location as a global commercial center.
8. Expanding the network of commercial relationships: Opening a commercial register in Dubai provides the opportunity to build a wide network of commercial relationships with companies and investors from around the world.
   Opening a commercial register in Dubai offers Saudis great advantages that support the growth and expansion of their business in an active and prosperous commercial environment.

Documents required to open a commercial register in Dubai for Saudis

To open a commercial register in Dubai for Saudis, a set of basic documents required by the competent authorities must be submitted. Here is a list of required documents:

• Passport: An original, translated and certified copy of the passport of shareholders or directors. The copy must be valid for a period of no less than 6 months.
• Residency Visa: A copy of the residence visas for investors or managers if they are residents of the UAE.
• Office Lease Contract: A lease contract for an office or commercial place registered in Dubai. The contract must include details regarding the location and rental period.
• Business Plan: A detailed business plan that outlines the company’s activity, goals, market strategies, and revenue projections. This document may be required for some activities or projects.
• Professional certificates: If the business activity requires special professional certificates or licenses, certified copies must be submitted.
• A copy of the Emirates ID: A copy of the Emirates ID card (if the investor or manager holds it).
• Memorandum of Association and Articles of Association: Legal contracts that include the Memorandum of Association and Articles of Association of the company, prepared and documented in accordance with legal requirements.
• Special permits and approvals: Some activities may require additional permits or approvals from third parties, such as health and safety permits or environmental approvals.
• A copy of the partners’ personal documents: If there are partners, copies of their passports and contact details are required.
• Company registration documents with the Dubai Chamber of Commerce: After obtaining the license, you may need to register the company with the Dubai Chamber of Commerce and Industry to obtain membership.
  Be sure to check the exact requirements with the Department of Economic Development (DED) or relevant free zone authority, as some requirements may vary based on the type of business and location of the company.

Advantages of opening a commercial register in Dubai for Saudis

Opening a commercial register in Dubai for Saudis offers many advantages that contribute to enhancing growth and commercial expansion. Here are the most prominent features:

1. Access to a global market: Dubai is a global business hub, allowing Saudi companies to enter new international markets and increase their trade volume.
2. Distinctive business environment: Dubai has a modern infrastructure and a suitable business environment with easy registration and licensing procedures, which helps speed up the establishment process.
3. Tax exemptions and financial benefits: Dubai provides many tax exemptions, including corporate tax exemption in some free zones, which reduces operational costs.
4. Multiple investment opportunities: Dubai provides diverse investment opportunities in sectors such as trade, technology, tourism, and real estate, allowing Saudi companies to benefit from growth in these areas.
5. Ease of access to financing and financial services: The presence of an advanced banking system and various financial services makes it easier for Saudi companies to access financing and advanced banking services.
6. Strong government support: The UAE government provides significant support to foreign investors, including facilities and exemptions that help build and expand businesses.
7. Expanding the network of commercial relationships: Opening a commercial register in Dubai allows Saudi companies to build a strong network of commercial relationships with companies and investors from around the world.
8. Intellectual property protection: Dubai offers an advanced system for protecting intellectual property rights, which contributes to protecting innovations and corporate brands.
9. Regional expansion opportunities: Dubai is considered a strategic starting point for expansion into the Middle East and African markets, which helps companies strengthen their regional presence.
10. Economic stability: Dubai has a stable and secure economic environment, providing a reliable framework for businesses to invest and grow with confidence.
    Opening a commercial register in Dubai provides Saudis with a range of advantages that enhance the success of their projects and expand their businesses in an active and flexible commercial environment.

Cost factors for opening a commercial register in Dubai for Saudis

The cost of opening a commercial register in Dubai for Saudis varies based on several factors. Here are the most important factors that affect the cost:

1. Type of business: Different businesses require different licenses, and the license cost may vary based on the type of activity and field of business.
2. Type of legal entity: The costs of establishing a legal entity (such as a limited liability company (LLC), a branch of a foreign company, or a wholly owned corporation) can vary. LLCs are usually more expensive due to additional requirements.
3. Geographical location: Company registration costs may vary based on its location in Dubai, whether in free zones or non-free zones. Free zones may offer tax advantages and lower licensing costs.
4. Government fees: Government fees include fees associated with licenses, trade name registration, and annual license renewal. Fees vary according to the type of activity and legal entity.
5. Office Rent: Rental costs depend on the location and size of the office or commercial space. In Dubai, rental costs can be higher in central areas compared to other areas.
6. Legal consultants and services: costs related to legal and accounting consultations, document preparation, and contract documentation. Using the services of consulting companies such as Atkan can speed up the process and save costs.
7. Visas and Residences: Costs of obtaining work and residency visas for investors and employees. Fees may include the costs of medical examinations and health insurance.
8. Special or Additional Licensing: Some activities may require additional permits or licenses such as health and safety permits, which increases costs.
9. Corporate insurance: The cost of insuring a company against various risks, such as property or liability insurance.
10. Administrative fees: Registration fees with the Dubai Chamber of Commerce and Industry, and purchasing additional documents such as certificates of origin or special licenses.
    It requires a careful study of all these factors to accurately determine the total cost, and it is preferable to seek the help of specialized experts in company management to ensure that all procedures comply with legal requirements and to accurately estimate costs.

In conclusion, opening a commercial register in Dubai for Saudis represents a vital step towards achieving success and expansion in a vibrant global market. By taking advantage of the advanced business environment, tax breaks, and government support, Saudi investors can effectively promote the growth and expansion of their businesses. Dubai offers diverse opportunities in multiple fields, making it a preferred destination for businesses. Given the great advantages and facilities available, it becomes necessary for Saudi investors to take this strategic step seriously to ensure that their business goals are achieved. Adherence to the required procedures and good research helps achieve a smooth and successful incorporation process, which contributes to building a strong business base in one of the most attractive markets in the world.

Frequently asked questions about opening a commercial register in Dubai for Saudis