Opening a commercial register in Dubai for Saudis is an important strategic step for Saudi investors wishing to expand their businesses and reach new markets in the Gulf region and the world. Dubai, as one of the most prominent business destinations in the world, offers wide opportunities for investors from all over the world, and particularly benefits from its distinguished geographical location that connects the East and the West. For Saudi investors, opening a commercial register in Dubai is not only an opportunity for business growth, but also a gateway to various regional and international markets. The process of opening a commercial register in Dubai varies depending on the type of business activity and location, whether in a free zone or onshore, however, the process remains flexible and based on clear legal rules that contribute to facilitating procedures and providing facilities to investors. One of the reasons that makes Dubai a preferred destination for Saudi investors is the tax exemptions provided by the emirate, in addition to the distinguished government support for small and medium-sized businesses. Saudi investors enjoy many privileges in Dubai, such as the ability to fully own companies in some free zones, in addition to the ease of opening bank accounts, and providing residence visas for investors and employees in the company. Opening a commercial register in Dubai for Saudis Obtaining a commercial register in Dubai is an essential step that contributes to establishing a strong foundation for the company and ensuring its presence in one of the fastest growing commercial markets in the world. By cooperating with specialized companies such as Itqan Company, Saudi investors can expedite procedures and overcome legal and administrative obstacles smoothly to ensure the success of their investments.
Documents required to open a commercial register in Dubai for Saudis
Opening a commercial register in Dubai is an important step for any Saudi investor seeking to establish a business in one of the most prominent global markets. Dubai is an attractive environment for investment thanks to the company establishment facilities, low taxes, and modern infrastructure that supports commercial growth. For Saudi investors, obtaining a commercial register in Dubai can provide many opportunities in the commercial, industrial, or service sectors. In order to ensure that the procedures run smoothly, Saudi investors must prepare a set of official documents required by the relevant authorities in Dubai. Below, we will review the main documents that a Saudi investor needs when opening a commercial register.
Documents required to open a commercial register in Dubai for Saudis:
Valid passport: The Saudi investor must provide a copy of a valid passport, as this is the basic document for documenting the investor\’s identity.
Recent personal photos: The Saudi investor must provide recent personal photos with a white background.
Clear business plan: The investor must provide a detailed business plan showing the type of business activity he intends to practice, and clarifying business strategies and future goals.
Proof of business location: The Saudi investor must provide a lease contract for the commercial headquarters, and the headquarters must be within the geographical boundaries permitted according to local regulations.
Business activity permit: Some business activities may require obtaining special permits from the competent authorities, such as health, educational or financial activities.
A copy of the Emirates ID (if the investor is a resident of the Emirates): If the Saudi investor is a resident of the Emirates, he must provide a copy of the Emirates ID.
Approval of the local partner (if the company is in the onshore areas): If the investor intends to open a company in the onshore areas instead of the free zones, it may be necessary to appoint a local partner. In this case, the approval of the local partner must be provided.
Filling out official forms: The forms for registering the company must be filled out with the Department of Economic Development or the relevant authority in Dubai.
Financial fees: The fees required to open a commercial register must be paid, which vary depending on the type of activity and location.
Bank report (if required): In some cases, the investor may be required to submit a report from the bank showing the financial status of the company’s bank account.
By completing these documents correctly, the Saudi investor can easily and conveniently open a commercial register in Dubai, which contributes to accelerating the process of establishing the company and taking advantage of the business opportunities available in the UAE market.
Duration of the commercial license in Dubai for Saudis
Dubai is one of the most prominent investment destinations in the region, as it provides an advanced and attractive commercial environment for investors from all over the world, including Saudi investors. One of the most important steps that an investor must take when establishing his company in Dubai is to obtain a commercial license, which is a crucial step to start commercial operations legally. The duration of the commercial license in Dubai is one of the points of interest to many investors, as this period affects the renewal of permits and procedures for renewing commercial activity in the future. In this article, we will review the duration of the commercial license in Dubai for Saudis and how to deal with it.
Duration of the commercial license in Dubai for Saudis:
The duration of the commercial license in Dubai is usually one year from the date of issuance of the license, and the license can be renewed after this period. Renewal requires the submission of some documents and papers that prove the continuity of the commercial activity and its compliance with applicable laws. In some cases, a commercial license can be obtained for a period of five years if the license relates to free zones or specific commercial activities that benefit from special facilities.
It is worth noting that before the expiration of the license, the Saudi investor must renew it by submitting a request to the Department of Economic Development or the competent authority in Dubai. This renewal includes paying the prescribed fees and submitting some documents that include proof of the continuity of the business activity and compliance with all legal requirements, such as the lease contract for the commercial premises and a copy of the passport.
Finally, obtaining a commercial license in Dubai is an essential step towards establishing and expanding the business activity, and it is important for Saudi investors to ensure that they follow the specified renewal dates to avoid any fines or legal problems that may affect the progress of their business.
Types of licenses that can be obtained in Dubai
Dubai is a major destination for foreign and local investors alike, thanks to its advanced business environment and laws that encourage investment. When investors decide to start their business in Dubai, they must first obtain the appropriate commercial license according to the type of activity they intend to practice. Dubai provides several types of licenses that suit various commercial, industrial and service fields, which allows investors to choose the most appropriate license for their business. In this article, we will learn about the types of commercial licenses in Dubai that can be obtained in Dubai and how to determine the most appropriate type for each business activity.
Types of licenses that can be obtained in Dubai:
Commercial license: This license is granted to businesses that deal in the direct sale of goods or the provision of services. This type of license includes many activities such as retail and wholesale trade, e-commerce, and various services such as delivery and consulting services.
Industrial license: This license is granted to businesses that focus on manufacturing or production. It includes companies that operate in industries such as chemicals, food, clothing, and other industrial activities. This type of license requires that the business activity be in compliance with environmental and industrial standards in Dubai.
Tourism license: This license is granted to businesses that operate in the tourism sector, such as travel agencies, hotels, tourist transport companies, and other recreational activities. Companies wishing to obtain a tourism license are required to comply with the tourism regulations in force in Dubai.
Professional license: This license is granted to businesses that provide professional or consulting services, such as law, accounting, engineering consulting, and medicine. This type of license requires that the individual who owns the business be qualified in the relevant professional field.
Free Zone License: This license is granted to companies that wish to establish their business within the free zones in Dubai, such as Dubai Silicon Oasis or Jebel Ali Free Zone. These licenses offer many benefits such as tax exemptions, allowing full foreign ownership, and exemption from commercial restrictions.
Non-profit license: This license is granted to non-profit organizations and institutions, such as charities or educational institutions. This type of license requires compliance with the laws related to non-profit activities in Dubai.
Simple license: This is a type of license granted to small projects that do not need to expand or invest heavily. This license is usually granted to projects of limited size that operate in the field of services or simple trade.
Finally, choosing the appropriate type of license is an essential step in establishing any business activity in Dubai. Investors must accurately determine the activity they intend to undertake and ensure compliance with all the conditions and regulations of the specific business activity.