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The trade name registration process is termed as business name registration with the Economic Department of the United Arab Emirates. The commercial entities that run their business here go through the process and register their business name to the Department of Economic Development for approvals.
Several things are considered before the registration of a trade name. Here we can look into the document requirements, prerequisites, and overview of the entire process.
You have to understand the difference between three common technologies like Trademark, Trade Name and Legal name.
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The Trade Name is issued to a company for carrying out its operations. This is termed as a pseudonym that does not operate under their registered company name. This happens because the company uses a trade name to conduct business with a simpler and than their formal or lengthier name. Trade names are used when the preferred name cannot be registered. This may happen because it is similar to a name that is already registered. You need to select a commercial activity to choose the legal type and apply for the approval. When you have done that, you start to prepare the MOA and LSA agreement. This process needs to disclose the company address also. When this process is completed, you will receive the commercial license.
The Legal name is officially allocated to the agency or the person processing the undertaking. The legal name is registered with the state authority that is unique and has a correct ending like the term LLP or LLC. The official communication can be done through the name as this appears on invoices. Government also uses this name as the point of interaction.
The Trademark can be defined as the brand’s name. It has different aspects like the tagline, the registration of the logo, badges, illustrations, hallmarks that identifies the brand’s core identity. The Ministry of Economy has the responsibility for registering the trademark within the UAE.
Though trademark registration is not needed all the time it is helpful when someone steals your brand idea or concept. The trademark registration can prove helpful in winning any type of lawsuit.
The registration process involves government authorities presenting the documents, following the rules to get the certificate and pay the desired fees. Two authorities get involved in the trade name registration process that can be contacted and the process to get completed.
DED is Dubai’s governing body that drives the city’s economic agenda within the United Arab Emirates. The organization was set up in 1992 and 2008 as the ruler of Dubai gave DED the responsibility to regulate and plan the economic performance of Dubai. It was done so that there would be a dedicated governing body to support and supervise the economic development of the city. Dubai’s strategic plans can be carried out with the intent of completion. The services DED offers are:
The DED offers legal contract-related services from issuance of legal contracts for a license to legal contract printing. You can make enquiries based on your transaction status and payments, search trade names and browse for business activities.
The Department in the Ministry of Economy has the role of assisting with the overall growth of national enterprises and their exports or imports. The department is responsible for regulating the small and medium-sized enterprises along with entrepreneurship. The department has consumer rights that are protected with intellectual rights and when in a problem the government-appointed people would undergo the rigorous process so all parties get satisfied with a solution. Trademarks are registered with the department or you will not be protected by the law.
Many businesses tend to register a trade name that makes a common procedure. But not many people in the UAE still have the clarity about its details. The trade name registration process can be conducted online and in-person in the UAE.
You have to select a trade name based on the brand identity but it may not be mandatory. Selecting the trade name should abide by the rules and regulations of DED to review the name after its selection. DED has the right to cancel the name when they find it inappropriate. DED needs to meet all criteria before the name gets approved.
The requirements to be fulfilled are:
Once following the steps carefully, you have to understand the kind of trade names that are good for approval. When you have the basic understanding and have finalized the name, you can do an online check and search for its availability as there are many trade names already taken by different companies.
When you follow the guidelines and check for the availability of the name, you can reserve the trade name. When you don’t reserve the name beforehand, it would be taken by other businesses. Reserving the trade name is the prerequisite to attain the license in the first place.
Reservation of the trade name can be done with DED and once getting their permission your name would be reserved.
You have to pay to process the trade name. This is the last step because you will not receive the certificate when DED guidelines are not met. Within 72 hours of your payment, you will receive the confirmation of the payment voucher. The trade name is valid only for six months and you need to get reserved again.
Originally posted 2021-09-29 06:59:08.