Mainland Company Formation in UAE
Want to set up a mainland company in the UAE?
Dubai is known for its global infrastructure and facilities, and it is considered an international business hub with unlimited opportunities for business owners. A mainland company formation in Dubai gives you lots of benefits such as the wide range of covered business activities and the unlimited ability to trade locally and internationally. Once you choose the activity of your company and its structure, you can accordingly issue one of the following three main types of licenses in Mainland, Professional, Commercial, or Manufacturing / Industrial license. The type of your company will also determine whether you need to have a local sponsor, who will maintain 51% of the shares, or if you just need a local service agent, who will act as the company’s representative to deal with all governmental entities. The general mainland company setup process can be summarized in 10 main steps, and our experts are here to help you through every single one, to make sure that you are choosing the most appropriate and beneficial options for your business, and to do it based on real data and the most recent market analysis.
Company Setup Locations in UAE Mainland
Business locations in UAE Mainland.
What are the Steps to Company Setup in UAE Mainland?
A mainland company formation in UAE must follow a specific set of steps. The Department of Economic Development in Dubai is responsible for handling the registration process of new businesses. Our consultants have the necessary connections in the Department of Economic Development to streamline the process of your company’s registration. Here are the steps that any new business setup formation in the UAE must follow:
- Select Business Activities
- Select Legal Structure
- Select Trade Name
- Select Trade License
- Rent Office Space
- Get Initial Approval
- Get External Approvals
- Submit Documents and Pay Fees
1. Select Business Activities:
The private businesses are authorized to conduct any commercial activities in the Dubai Mainland under the jurisdiction by the department of Economic development. The aspect of judicial procedures that are considered for the start and formation of the businesses in Dubai mainland, are managed by Department of Economic Development.
2. Select Legal Structure:
You need to select one option from the list of allowed business structures in the UAE. Ensure that you select the right one since the rules and regulations your business will be subjected to in the future will depend on its legal form. Here are some of the legal structures that you can select from in Dubai:
Sole Proprietorship, Joint Venture, General Partnership, Public Shareholding Company, Private Shareholding Company, Limited Liability Company, Professional Company, Civil Company
Sole proprietorship was not an option for foreigners on the mainland a while back. But after some amendments to the laws, foreigners can now own 100% of businesses that are not strategically important to the UAE.
3. Select Trade Name:
You need to select a trading name for your business that is not already trademarked in the UAE by someone else. It may be used in other countries in the world but as long as it is not registered in the general journal of the UAE, you can use it.
4. Select Trade License:
You will need to apply for a trade license that allows all the business activities you are going to perform. The types of trade licenses issued by the Department of Economic Development are:
Commercial Trade License, Professional/service Trade License, Industrial Trade License, Tourism Trade License
There are thousands of business activities in the UAE, but these four licenses cover all of them.
5. Rent Office Space:
One of the highly stabilized community of UAE is Sharjah. Its reputation as well as establishment will attract you for building empire in the mainland. The company formation is highly affordable with additional perks of modern infrastructure, amenities, and special business facilitation measures.
6. Get Initial Approval:
Before continuing any further, you need to get initial approval from the DED. They will require you to fill a registration form and submit some documents depending on the type of business you are looking to start.
7. Get External Approvals:
Depending on the type of your business, the DED will require you to get some more approval from external agencies and government bodies. Getting all these approvals can be a drag if you do not have the necessary connections in Dubai. Thankfully, our consultants have been working in this field for a long time and can work their way through these approvals with ease.
8. Submit Documents and Pay Fees:
Here are the documents that you need to submit to the Department of Economic Development in Dubai:
Copies of the passports of all the partners in the business, Tenancy contract and EJARI registration certificate, Initial approval certificate, Required external approval certificates, The Memorandum of Association, Filled up trade license application.
After you have submitted the documents and paid the necessary fees, the DED will take a few business days to review your application. If everything checks out, they will provide the license to you, and you can conduct the business activities in the UAE. However, if there are errors in the process, then you will have to face some expensive setbacks. Our consultants have years of experience in this field. They can help you go through all these complicated steps with a breeze.
Frequent Ask Questions
Once you decide the performed activities and the legal structure of your company, you can issue the trade license and register your business, then you’ll be ready to go! All you need is an experienced consultancy company like ours to start a fast and cost-effective process.
It is a process of registering the business as a limited company at the companies’ house. In this way the business is considered to be a legal entity.
The most important steps to forming a company in Dubai include:
- Deciding on a local partner,
- Getting a name and activity approval from the Department of Economic Development (DED),
- Look for location and tenancy contracts
- Make a memorandum of association (MOA) with the sponsor.
Setting up business in Dubai is quite easy and highly convenient. It is possible to open or start a company outside the Emirates if you wish. The process includes the use of online verifications and payments methods. You can contact us for contacts, choices, and budget plans.
The corporate income tax in Dubai is not applied. In other words it stands at 0% (Zero Percent).