Everything you need to know about Setting up  Mainland Business in UAE

author Post By: endeavour 03 Jul, 2021
Everything you need to know about Setting up  Mainland Business in UAE

One must have thorough knowledge about the Dubai market to start a mainland business setup in Dubai. The mainland companies in UAE can do businesses in local as well as the international market without any restrictions. These companies are licensed by the Department of Economic Development (DED) in every emirate. A series of approvals and paperwork are required in this process.

As per the UAE law, a local partner or local service agent is required for Dubai mainland business setup. The type of business that you are going to set up in Dubai mainland decides whether you need a local service agent or local sponsor. The company's 51% of the shares will be owned by the local sponsor itself and the rest is owned by the business owner. On the other hand, a local service agent doesn't hold any shares of the company but will act as a company representative in all administrative dealings with the UAE government. For mainland business setup in Dubai, the first step is to choose the right jurisdiction and business activity that will be economically beneficial for you.

The next step is to choose a company structure - You can either choose an LLC or sole establishment depending upon the business activity. 51% of the shares will be owned by a local sponsor in LLC whereas you will own 100% shares in a sole establishment. Upon choosing the company structure, one must choose a trade name and get it approved.

Getting an initial license approval and then external approval (if required) is the next task. You can start processing your Establishment Card and labour file in case you wish to process visas for you, your relationship manager or employees. Opening a bank account for your company would be the next hurdle. Once you receive the Establishment card, you can start applying for visas. Lastly, you will also need a labour file in case you need to hire employees.

There are many advantages in setting up a mainland company. We will have the freedom to rent a commercial space irrespective of the region and then conduct a plethora of business activities. You will also have the freedom to trade anywhere in UAE and internationally. Furthermore, you can bid on Government projects and open corporate bank accounts hassle-free.

Don't forget to have expert's opinion and services while setting up a new business in Dubai mainland. Our team of specialists will be happy to address your queries and help you in all stages of the Mainland business setup Dubai.