Why UAE Mainland Business Setup is important? Investing in the Dubai mainland brings forth a lucrative proposition for commercial activities. Business establishments and foreign investors who want to start a business in Dubai have three options to register themselves to carry out their commercial activities- Mainland, Free zone, and Offshore.
A mainland company has the advantage of operating anywhere in the UAE.
The main benefits in registering a mainland company include:
Earlier, it was mandatory to have a UAE Local Sponsor as a local partner. But, from June 2021, this criterion has been scrapped by a historical decision of the government administration. The government took a decisive step towards its commitment to ensuring a diversified economy with enhanced participation of foreign investors. Hence, foreign investors can now have 100 % ownership of the business. Therefore, more than 1000 commercial and industrial units have been included in the 100% ownership list.
A Mainland company can be any of the following
The license of a Mainland company can be of 3 types
A first-time investor must select what type of business they want to start.
Depending on the business activity chosen, one can either have sole ownership or go for an LLC partnership.
check on the availability of the Trade name decided and get it registered with DED, Dubai.
Getting the initial license approval from DED to start the business and simultaneously apply for other licenses.
External approvals are necessitated from different authorities like Dubai municipality, judicial bodies, or some ministries for sectors like education, healthcare, and food-related business.
Getting a work visa for employees after the establishment card and labor file have been obtained.
Having an office or a commercial space is necessary to get a trade license. The RERA has regulated the renting and leasing of office space in Dubai. To obtain the trade license, any investor can show the “Ejari” or “my rent “to DED.
One has to pay specific fees to DED and other authorities to get the license and other statutory approvals.
One has to open a Corporate Bank account in the company name for transaction purposes.
Absher Business consultancy
We are one of the leading business setup consultants in Dubai. We assist businesses interested in setting up their ventures in Dubai. If you are a first-time investor in the UAE and looking for a team of professionals, we can help you set up a business in an economical and hassle-free manner.