Company Formation in Dubai mainland
Entrepreneurs from all over the world flock to Dubai, the UAE’s most populous emirate. The city has even been labeled the Middle East’s business capital. So, why is Dubai so well-known for international trade? For starters, if you conduct business in the Mainland of Dubai, you will be able to conduct business throughout the United Arab Emirates. Real estate, trade, tourism, and financial services are now major industries in the emirate, which historically relied only on the oil industry. The trading center provides entrepreneurs with the most liberal working circumstances, tax-free benefits, asset protection, and complete privacy for their company in a tax-free and secure environment. With the support of WBS Consultancy, you can get your business up and running in Dubai in no time!
Procedures to start a Business in Dubai
Business in Dubai Mainland is one of the most in-demand business destinations. Because of the numerous advantages, such as no taxes, a business-friendly government, and a strategic location, entrepreneurs from all over the world choose to establish their businesses here. Before establishing a business in the Mainland, one must comply with a slew of rules and regulations. In order to get started, here are the steps you need to follow.
Choosing a Business Activity
In order to begin the registration and licensing process, it is necessary to determine the legal structure and economic activities of the firm. Joint Liability Company (JLC), Simple Commandite Company (SCC), Limited Liability Company (LLC), Public Joint Stock Company (PJSC), and Private Joint Stock Company (PrJSC) are all examples of company structures. When deciding on a business legal structure, nationality and the nature of the firm are the most important factors.
A company’s name has been approved by the Dubai Department of Economic Development (DED). In order to register and operate a business in mainland Dubai, investors must adhere to the regulations provided by the Dubai Department of Economic Development (DED). However, we provide company registration services that are compliant with Dubai legislation.
Service Providers / Local Sponsors
First, you must find a local sponsor or business partner in the United Arab Emirates to help you get started. You can, however, agree that the local sponsor will not be involved in your company’s commercial operations or profit-sharing.
Trade License for the establishment of a business in the United Arab Emirates
Depending on the licensing type, there are three types of company registrations in Dubai:
- First, you must have a commercial license (Commercial)
- Licensing for Professional Services (Vocational)
- Permit to Operate a Business (Industrial License)
Initial Approval for Company Formation in Dubai on the Mainland
The initial approval certificate will be issued once the trade name has been registered. The initial certificate of approval is required for subsequent processing and approval from other government authorities, such as the Ministry of Economy, the Ministry of Interior, the Ministry of Justice, and Civil Defense.
Investors from outside the country are needed to first secure authorization from the General Directorate of Residency and Foreigners’ Affairs. In the absence of a commercial license, an investor’s initial clearance does not allow them to begin trading activities.
Office Space in Dubai for the Establishment of a Company
It is necessary to have an office address that has been approved by the Dubai Municipality before starting a business on the mainland of Dubai. Company setup in Dubai is dependent on the availability of office space, the length of time the tenancy contract is active, and the sort of license the investor has applied for.
Choosing a site for the establishment of your company
In Dubai, a physical address is required for any business. WBS Business Consultant will assist you in finding a location for your business that satisfies all of DED’s criteria. A rent agreement (MoU) registered with Ejari is required for attestation purposes in Dubai, where your firm will be based.
You may be allowed to use the same address to apply for a new trade license. In Dubai, you’d have to take into account the following:
- The LSA or Sponsor must be owned by the same person.
- There can’t be more than 10 licenses per place owned by the local party.
- Each allocated space must have at least 200 square feet of floor space.
UAE Mainland Company Formation Final Submission
WBS designated advisor, consultant, or agent will submit all of the necessary paperwork to DED and finalize any outstanding payments after the aforementioned steps have been completed.
Today! We’ve accomplished our goal! The investor would be able to launch a business in Dubai in a matter of days after receiving the Trade License. At WBS, we have the expertise and resources to expedite the process of obtaining a trade license and establishing a business in Dubai. We, on the other hand, offer a wide range of services to help businesses of all sizes get up and running in the United Arab Emirates.
Documentation is Necessary
- Application for a License
- Asserted LLC charter agreement
- Forms required by the government
- Certificates of initial approval and reservation of names
- Approval from other departments
- The terms of a lease
- Certificate of EJARI registration
- Partners get a copy of the NOC
- Registration from Dubai Chamber of Commerce
- Benefits of Starting a Business in Dubai Mainland
The advantages of having a place to work
- A company’s autonomy
- Geographical planning
- Exemption from corporate taxes
- Exemptions from income taxes
- Incentives for capital investment
- Unlimited currency exchange
- Expanded potential for profit
- The atmosphere of optimism at work
- No-hassle start-up of a business
We assist you in establishing your business in Dubai Mainland by providing you with the necessary financial and legal advice. We are a group of advisors with more than 15 years of expertise in Dubai and the United Arab Emirates in the establishment of successful companies. We take you step-by-step through the process of setting up a business in Dubai or any other part of the United Arab Emirates. Due to our longstanding contacts with government officials, we can assist you quickly and easily register your Dubai mainland firm. From the beginning, we work with you to create a firm that is completely tailored to your needs.