Trade Name Reservation

The Trade Name Reservation service allows investors or business owners to select a unique name for their business activity and reserve it officially for up to 60 days before issuing the commercial registration. The main purpose of this service is to protect the chosen name from being used by others and to ensure its availability until the commercial entity is formally established and the data is officially recorded. The entire process is completed electronically, providing convenience and flexibility in submitting the application and tracking its status without the need to visit any government office. The process includes entering the applicant’s details and suggesting up to five potential trade names for the activity, while complying with regulatory rules such as avoiding similarity with existing reserved or registered names, excluding terms that violate public order or morals, and following special guidelines for family names and English-language names. Applications are reviewed within 10 days, with the option to extend the reservation once for an additional 60 days if required. Importance of Trade Name Reservation Protects the trade name and guarantees its exclusive reservation for the investor until the commercial registration is issued. Prevents the use of similar or copied names that could affect the reputation of the business. Simplifies the process of establishing a commercial activity quickly and without administrative complications. Ensures compliance of the trade name with laws and regulations, safeguarding legal and commercial rights. Strengthens market credibility and distinction by securing officially registered and trusted names. Challenges Related to Trade Name Reservation Ensuring careful verification to avoid similarity with other reserved or officially registered trade names. Restrictions on certain names that are prohibited, linked to government entities, or carry meanings conflicting with public order. Possible rejection of the request if the chosen name contains unacceptable terms or technical violations in writing or format. The need for close follow-up when requesting an extension to avoid losing the reservation after the period expires. Occasional minor technical issues or delays in electronic approval systems during peak times or system updates. Requirement to provide accurate and consistent information, as any discrepancies may hinder the process.