Dubai Mainland is famous for its business
friendly infrastructure and facilities. Dubai mainland company formation is
still the first preference by most of the establishments when establishing
their business in Dubai. Company Formation in Dubai Mainland is very
interesting and time consuming task; we provide best PRO services in Dubai offers
the best services for Dubai Mainland company setup.
So why is mainland such a lucrative area to set
up in Dubai?
Dubai Mainland is the total geographical area
which is permitted by the DED (Dubai Economic Department) to all the private
business entities and their representative to operate commercial business
functions. These are prime locations where a foreign business owner can work,
for example, international chains of food, luxury goods, car makers, etc.
As per the Business Incorporation laws of UAE in LLC company
formation in Dubai, a Foreign Owner can hold only up to 49% of the
business, if set up is in Mainland and a UAE national mandatorily holds 51% of
total equity except in the following cases:
- Activities with 100% GCC ownership
- Instances where GCC companies enter into a partnership with UAE National
- Where the law requires 100% local ownership.
- Businesses located in Free Zones
Requirements for Dubai Mainland Business Setup
A verified office address from Dubai Municipality
is required when setting up business in Dubai. The
requirement of office space for Mainland company setup in Dubai,
can be varied based on the type of license the investor is looking for and it
is investor’s responsibility to ensure a valid tenancy contract for an office
is available at the time of applying for the license of Dubai mainland
company.
There are 6 main steps involved in Dubai mainland
company setup. However, there are some activities which Mainland setup requires
special approval from some specific Government departments. The main 6 steps
involved for company formation in mainland are:
- Business Activity Selection and Name Approval
- Selection of Local Partner or Service Agent
- Apply for Initial Approval for Mainland company setup
- Preparation of Court Notarization and MOA
- Get Office Space and Tenancy Contact
- Final Submission for Mainland company formation in UAE
The professional consultants at Business Link
support our clients to select the most appropriate decision in business setup
and guide them through complete procedures of Dubai Mainland company formation
and Dubai Economic Department company registration.
What are the Types of Business Licenses Available in Dubai?
The
Department of Economic Development (DED), Dubai is the main licensing authority
that issues licenses for all sorts of business activities in Dubai. A major
prerequisite for all business licenses is to choose the suitable license
category from the following 3 categories of licenses:
Dubai Commercial License
Dubai
Commercial License includes all kind of trading activities. It is a type
of Limited Liability Company (LLC). As per Article 22 of the Companies Law,
specifies that there should be minimum 51% shares of the UAE National. This
commercial license will have a local Emirati (Dubai Local Sponsor) who will
hold 51% shares in the company and for which Local Emirati will be paid
annually. The local sponsor can either be an individual or a corporate sponsor.
Dubai Professional License:
It
is a type of Sole Establishment or a Civil Company depends on No of
investors/partners. The license holder is permitted 100% foreign ownership. In
order to obtain this license a UAE national must be appointed as Local Service
Agent but he will not hold any share in the company. The sponsorship fee is
paid on a yearly basis.
Dubai Industrial License
For
setting up a manufacturing or industrial activity
What is the Procedure for Company Formation in Dubai?
- Choose the Name of the Company
Choosing
the name of the proposed company is the first step when it comes to company formation in Dubai.
Every company will select a trade name before its formation. This trade name
must be unique and according to rules and regulations of DED. This name has to
be approved by DED (Department of Economic Department)
- Choose the right business activity.
You
must be aware of your business activity as if you are conducting trading
business you need to setup a commercial license and in case of services you
need to setup a professional company.
- Hire the Local Sponsor
A
local sponsor (Local Emirati) is required for Dubai mainland company formation
(except for those with professional license where local Emirati will be act as
a local service agent). Local sponsor will hold 51% shares of a company against
an annual fee.
Local
service agents are required in case of professional license. The UAE national
will not hold any company shares in professional company.
- Select the office Location
Selecting
appropriate location and making a tenancy contract is also necessary for
registration of company in Dubai. You can also choose virtual office in any of
the business centers but it depends on the business activity.
- Preparation of the M&A
The
next step is to prepare MOA (memorandum of association) of the new company.
- Final Submission
License
application, MOA, tenancy contract and several other documents will also be
required for final submission according to the type of company and jurisdiction
selected for your business.
Benefits of Company Formation in Dubai
- Complete repatriation of profits and capital for all types of companies
- 100% foreign ownership for free zone companies, offshore company and (professional license holder) mainland companies
- No need of local sponsor for free zone companies and mainland companies with professional license
- Offshore companies and several free zones are completely tax free. Very small tax on other business jurisdictions
- Relatively cheaper, easily available and competent labor and staff
- World class infrastructure (offices, warehouses, roads etc.) and proximity to important airports and seaports
- Flexible bank account opening and maintenance with availability of multi-currency bank accounts
- 3 year visas for investor, family members and staff
- Company registration process is simple and quick due to use of modern technology
- Best residential and commercial structures with state of the art telecommunication and reliable utility system
How we can Help You?
We
are specialized in all types of company formation in Dubai and UAE, Starting
from Onshore to Offshore and DMCC
Free Zone.
- We can advise and consultant on what is the best and suitable business structure you need for your current and future plans.
- We provide services in all business jurisdictions of Dubai for all types of company formation
- We assist in completion of the whole process from finding local sponsors to attestation of documents and ensuring quick and problem-free company registration process in relevant authorities
- We provide legal services, translation services, bank account opening, visa services and all other services required during and after the registration and licensing process of DWC company formation
- We have a good reputation and complete knowledge of local market due to years of experience and number of satisfied clients in Dubai and other emirates of UAE
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