Dubai is an ideal place to set up a company. The city has become a multicultural hub with a vibrant community of people from all over the world. Mainland company formation in Dubai is a lucrative option for investors as it attracts large amounts of foriegn investment yearly and has seen steady economic growth in the last few years. Due to this Dubai has become the top preference when it comes to any commercial activity. The central location and ease of connectivity also makes Dubai a convenient option.
Mainland companies are one of three types of company formation options available in the UAE, namely
For Mainland company set up in UAE the license is received from the government Department of Economic Development (DED). This license includes a wide range of business activities and allows companies to easily diversify their business activities in the future. Mainland companies are a popular option for investors because they can conduct business anywhere in the UAE and internationally regardless of the location in which they are incorporated.
Companies involved in the manufacturing and production of goods require this license. The manufactured items may be ready to sell or required by another manufacturer.
There are three types of travel related activities that require this license. Operator of inbound tourism, operator of outbound tourism, and for a travel agent
A company with a professional license can be 100% foriegn owned. This type of license is required for services based on skill or academic knowledge
This license is for companies that are involved in activities related to the buying, selling of goods and services.
The first step for a Business set up company in Dubai is to determine the business activity the company will engage in. Investors can choose from commercial, industrial, or professional trading activities.
The legal form the company will take must be chosen next. Mainland companies have the option to choose from a number of legal structures including
Choosing a trade name is an important step for Mainland company formation in Dubai. The trade name must follow the rules laid down by the Department of Economic Development (DED). A trade name must
Once a name is chosen it must be registered with DED after being approved and the trade name fees being paid.
Before setting up company investors must obtain initial approval from the Department. The initial approval process lets the Department know of your intentions to set up the company and that the government has no objections to it. Foriegn investors are required to obtain additional approval from the General Directorate of Residency and Foreigners’ Affairs.
Some business activities require external approval from external third parties. These are government departments working in conjunction with DED, under whose direct jurisdiction the business activity will fall.
Mainland company set up in Dubai also require a physical office to be set up before company operations can begin. The office location and type must comply with the Department’s regulations. The lease contract for the location must be submitted to the Real Estate Regulatory Agency.
Once all the documents have been collected and approvals obtained, investors can apply for the license. The license fees must be paid and the required documents submitted to DED. These documents include;
Mainland company set up in the UAE, especially for first time business owners can be a difficult and time consuming process. Our team is well equipped at managing the entire incorporation procedure. We can provide valuable assistance that will save you time and effort in the company formation process allowing you to focus on making your business a success.