Investors looking to start a business in the United Arab Emirates (UAE) often wonder about the process of extracting an Electronic Commercial register. The UAE welcomes investors and offers numerous benefits to support their projects, while also encouraging domestic investment. However, there are certain laws and principles that investors must follow to ensure legality.
In this article, we will explore the features and conditions of extracting a Electronic Commercial register, its types, and how to extract an Electronic Commercial register.
Opening an Electronic Commercial Register
Recently, e-commerce has been on the rise in the UAE, with an increasing number of foreigners and residents engaging in this activity. This is due to the privileges and benefits the country offers to investors and residents wishing to expand their Electronic Commercial activities.
The UAE has also emphasized the need to regulate e-commerce to protect the rights of consumers and traders. Below, we outline the process of opening an Electronic Commercial register in the UAE:
- Choose the type of Electronic Commercial activity you wish to engage in.
- Ensure that the Electronic Commercial activity you want to pursue is permitted in the country.
- Visit the website for opening Electronic Commercial registers.
- Understand the documents and conditions required to open an Electronic Commercial register.
- Fill in the required information electronically.
- Pay the necessary fees to open a Electronic Commercial register.
How to Extract an Electronic Commercial Register?
Extracting an Electronic Commercial register is not a difficult task in the UAE, known for its quick completion of legal procedures related to establishing companies and Electronic Commercial activities. Any investor in the UAE wishing to issue a Electronic Commercial register for their business activity should follow these steps:
- Submit an application to the Economic Development Authority, ensuring all required data and documents are sent.
- Register the establishment or company and the nature of the Electronic Commercial activity with the Chamber of Commerce.
- Know all the financial fees that must be paid and pay them to complete the procedures.
- Clarify the capital for the project.
- Receive the Electronic Commercial register.
Conditions for Opening a Electronic Commercial Register
Different projects require different types of Electronic Commercial registers. For example, here are the conditions for opening a Electronic Commercial register for women and residents.
Conditions for Opening a Electronic Commercial Register for Women:
Many women wonder about how to extract an electronic register or what are the conditions for opening a Electronic Commercial register for women. In this case, the conditions are no different from the normal conditions for extracting a Electronic Commercial register for men, which are as follows:
- Choose the Electronic Commercial activity of the company or institution.
- Target a suitable trade name for the nature of the economic activity of the company to be established.
- Ensure that the name does not violate the laws set by the state.
- Choose a name suitable for the nature of the Electronic Commercial activity.
- Do not use names containing the word “Allah” or any government or party logos.
- Complete all preliminary approvals from the competent authorities.
- Pay all the specified fees to be able to obtain the Electronic Commercial register.
Conditions for Opening a Electronic Commercial Register for Residents:
The conditions for opening a Electronic Commercial register for residents can be summarized as follows:
- Choose a suitable trade name for your business activity that aligns with ethical standards.
- Legally link the business activity and the trade name.
- Ensure that the business name does not resemble the record of other companies.
- Link the business activity to the production of the establishment.
- Avoid using divine names or the names of God in the trade name.
- Avoid using a trade name that includes logos of partisan or governmental institutions.
Types of Commercial Registers
Here are the main types of Commercial Registers that you can extract in the UAE:
Multi-Activity Commercial Register:
The United Arab Emirates allows the addition of more than one business activity in the register, known as a multi-activity Commercial Register. Businessmen who wish to develop their businesses and add more than one business activity in the same register often opt for this type.
Investor Commercial Register:
If you are an investor in the United Arab Emirates and have established a company, you must complete your company’s legal procedures, receive the commercial license, and then extract your business activity register, known as an investor Commercial Register.
Individual Commercial Register:
Among the types of Commercial Registers for individual project owners is the individual Commercial Register. If you have established a limited business activity with a simple capital in the United Arab Emirates, you can open an individual Commercial Register and enjoy the benefits offered to project owners and act legally in front of taxes and responsible authorities.
How to Extract a Commercial Register?
Extracting a Commercial Register is not a difficult matter at all, as it is done by following simple and easy steps to obtain your Commercial Register. These steps include:
- Initially, send papers and documents to the Economic Development Authority, including the documents you have extracted to apply for a commercial license.
- Make sure to pay all the fees for extracting the commercial license.
- Register as a working member of the Chamber of Commerce.
- Pay the financial fees for the Commercial Register papers.
- Receive the Commercial Register.
Can a Commercial Register be Extracted Without a Shop?
The United Arab Emirates allows the extraction of a Commercial Register without a shop, known as an electronic Commercial Register. The conditions and how to extract an electronic Commercial Register without a shop can be done by following the following steps:
- Choose the type of business activity you want to practice.
- Make sure that the business activity you want to work in is allowed in the country.
- Enter the website to open electronic Commercial Registers.
- Know the papers and conditions required to open an electronic Commercial Register.
- Fill in the required data electronically.
- Pay the required fees to open a Commercial Register.
Why Do You Need to Open a Commercial Register?
The benefits of opening a Commercial Register in the United Arab Emirates are numerous, and the question of investors about how to extract an electronic Commercial Register is very important due to its advantages and positives. The most prominent points are as follows:
- It makes your business activity legal.
- Without registering your business, your operations cannot be considered legal and will not be protected from any arbitrary actions.
- You are exposed to violations easily in case of economic or social conditions deteriorate.
- Commercial protection for your business name, making you distinctive.
- The Commercial Register gives you the advantage of being able to open electronic stores and provide various payment options in a legal way.
- Facilitate the process of the customer reaching you through your electronic stores.
- Develop your company’s business activity by legally and officially attending any events and conferences that serve your project.
- Run your business activity legally under the supervision of its economic development, which makes your business safe.
Fees for a Commercial Register for an Electronic Store:
The fees for a Commercial Register for an electronic store vary depending on the type of store activity, the size of the capital, the number of branches, and the method of financial transactions for the project owner.
The United Arab Emirates provides excellent space for e-commerce alongside offering multiple privileges, including the possibility of opening a Commercial Register. If you are one of the owners of electronic projects in the UAE, do not ask much about how to extract an electronic Commercial Register because the procedures specified by the state are simple and easy and require you to follow a number of regulated steps and then easily obtain the Commercial Register.
How Much are the Fees for the Electronic Commercial Register?
The fees for the electronic Commercial Register vary depending on the business activity that the investor wants to work in.
There are multiple steps that the investor must adhere to, which include paying all the fees for establishing the company or business activity.
The size of the project’s capital also determines the value of the fees for the electronic Commercial Register.
How Long Does it Take to Extract the Commercial Register?
After you have followed as an investor about the steps on how to extract an electronic Commercial Register and knowing the conditions and advantages of extracting the Commercial Register and knowing its types, we explain to you how long it takes to extract the Commercial Register, which depends on the speed of your completion of the required steps from you that have been explained to extract the Commercial Register. After completing the steps and paying the required fees and obtaining preliminary approvals, you can easily obtain the register.
Frequently Asked Questions:
How to Issue a Subsidiary Commercial Register for an Institution?
By entering the specialized electronic service page for extracting Commercial Registers, choosing to issue a subsidiary Commercial Register, and following the required steps.
What is the Difference Between a Subsidiary and a Main Commercial Register?
The subsidiary Commercial Register can be extracted from the main Commercial Register, while the main Commercial Register is extracted for the first time after establishing a business activity and receiving the commercial license.
What is the Benefit of the Commercial Register?
The Commercial Register makes the form of your business official and legal, and it gives you a number of advantages such as allowing multiple branches of your commercial institution easily and your ability to participate in conferences and seminars officially.
Does the Electronic Store Need a Commercial Register?
The electronic store needs a Commercial Register as it gives you multiple commercial privileges in terms of taxes and the legal form of your business.
How to Issue a New Commercial Register?
Enter the specialized page for extracting Commercial Registers, choose to issue a new Commercial Register, and follow the required steps.