Dubai is popular with businesses and investors due to its favorable geographical location, business-friendly regulations, and excellent infrastructure. Company Formation in Dubai Mainland offers entrepreneurs the advantage of operating without a local sponsor, full ownership in certain sectors, and access to a wider market. The United Arab Emirates has a thriving start-up ecosystem supported by numerous incubators and accelerators helping investors.The mainland of Dubai is considered a prime location for setting up a company because of its unrestricted access to the entire UAE market and beyond.
A mainland company is a business entity registered in the mainland territory of Dubai under the Department of Economic Development of the UAE government. Mainland businesses can operate anywhere within the UAE and engage in various commercial activities.
What are the benefits of company formation on the mainland of Dubai?
Starting a business in mainland Dubai offers many advantages for entrepreneurs and investors who want to run a successful business capitalizing on the UAE market. The specific benefits include the following:
- Complete ownership and control: Investors are allowed 100% ownership of the Company irrespective of nationality according to complete control over their business operations.
- Wider market access: Mainland companies can operate throughout the UAE with better access to broader regional markets. The companies are thus able to expand their business’s reach.
- Enhance reputation: A mainland company can enhance a country’s reputation and credibility. It is viewed as a sign of commitment to the local market.
- Flexibility: Greater flexibility in business activities and operations is possible in the case of mainland companies compared to free zone companies.
- Facilitates integration with the local economy: Mainland companies can easily integrate into the local economy and business networks.
Mainland License in Dubai
Obtaining an appropriate mainland business license is crucial while setting up a business on Dubai’s mainland. The essential types of Dubai mainland business licenses are the following:
- Commercial license: Businesses buying, selling, or trading goods and commodities must obtain a commercial license. This applies to retail, wholesale, import /export, logistics, and real estate brokerage.
- Industrial License: Businesses engaged in manufacturing, processing, or industrial activities have to obtain an industrial license. Examples are manufacturing plants, factories, assembly lines, and industrial workshops.
- Professional License: These are issued to businesses offering professional services that require specific qualifications or certifications. These include legal, medical, engineering, accounting, consulting, and design services.
The specific requirements and eligibility criteria for each license will depend on the nature of the business and the regulatory authority involved.
Documents required for business setup in UAE
The following documents are generally required for business registration in Dubai:
- Passport copies of shareholders and directors
- Visa copies, if applicable
- Proof of address
- Business plan
- Initial capital deposit, if required
- Any additional documents specific to your business activity.
What is the process of forming a mainland company in Dubai?
The following steps are considered essential for a company formation in mainland Dubai:
- Preliminary consultation: It is advisable to arrange a meeting with professional consulting agencies like Helpline Group in the UAE to discuss your business goals, activities, and requirements in addition to UAE Company formation assistance.
- Choose a business activity: The specific business activity your Company will be engaged in may be determined along with the appropriate license type.
- Select a trading name: A unique and available company name that complies with Dubai’s relevant regulations may be chosen.
- Collect required documents: The necessary documents include passport copies of shareholders and directors, visa copies, proof of address, and other relevant documents.
- Select the location: A suitable area for your business may be chosen, such as accessibility to markets, client proximity, and infrastructure, in consultation with the professional agency selected.
- Submit the License Application to DED: Prepare and submit the completed application form and the required documents to the Department of Economic Development (DED) or the relevant government authority.
- Open a Bank account: Open an account with a reputable bank in Dubai by providing the necessary documents, such as the Company’s registration certificate, lease agreements, and passport copies of authorized signatories.
- Visa processing: if required, apply for visas for shareholders, directors, and employees by coordinating with the General Directorate of Residency and Foreign Affairs for visa processing.
- Company registration certificate: You will receive your company registration certificate if all the steps are successfully completed.
The overall cost of Dubai mainland company setup varies depending on business activity, office space requirements, and additional services.
How does the Helpline Group help in Company Formation in Dubai Mainland?
Helpline Group is backed by a strong and experienced team, brings over 25 years of expertise in company formation, offering a seamless, hassle-free experience for clients, including foreigners.
Our seasoned professionals possess in-depth knowledge of the latest rules and regulations, ensuring compliance and efficiency.
With a global presence and a tailored approach, we can assist you in choosing the right type of company formation, including the LLC Formation in Dubai’s mainland. We ensure that your business setup in Dubai mainland is handled with precision and professionalism, making us your reliable ally in achieving success.
