Mainland company formation in Dubai, UAE
Mainland business setup in Dubai is the situation where a company is formed within the territorial limitation Department of Economic Development (DED) in Dubai. In contrast to free zone companies, mainland companies may carry out business activities throughout the UAE without any prohibitions and may also engage with the local market. These companies become part of the country’s general economy without a business location offering the greatest operational flexibility.
Why Choose Dubai Mainland Company Formation
Companies based in Dubai mainland have numerous unique edge cases that allure both prospective and existing businesses; hence the following points are advanced:
- No Limitations in Business Operations: The ability to do business freely without being concerned about geographical boundaries in any other part of the UAE.
- Market Access without Intermediaries: This means being able to transact with the local market directly bypassing the need of agents.
- Eligibility to Work on Government Contracts: This includes qualifying to submit tenders for various government projects.
- No Restriction on Repatriation of Currency: No restriction whatsoever in regards to currency repatriation.
- More Relocation Opportunities:The visa quotas are more lenient than those offered to free zone companies.
- Ability to Location any Place in Dubai: More flexibility as any location can be used for business in Dubai.
-Ability for Business Growth: Hardly any country or continent limits expansion to its regions particularly in the UAE and the gulf region.
Types of Mainland Licenses in Dubai
1. Commerical License
Most suitable for activities that incldue trade, retail, import/ export as well as general business activities. Takes care of a bigger percentage of buying and selling processes.
2. Professional License
Appropriate for those in the service industry, for instance, consultants, experts and other individuals delivering technical services.
3. Industrial License
Necessary in order to carry out the activities of producing, manufacturing or assembling.
4. Tourism License
Set aside for operations like travel agencies, hotels and touristic entertainment organized events.
Documents Required for Mainland Company Formation in Dubai
All individual shareholders are kindly asked to provide the following documentation:
- a copy of the passport with visa;
- Emirates ID (if residing in UAE);
- few recent passport size photographs;
- No Objection Certificate from the current sponsor (in case of residences in UAE);
- Bank reference letter;
- A preliminary clearance from DED;
- A lease agreement.
Among other documents to be submitted by corporate shareholders are:
- Board of directors’ resolution;
- Certificate of incorporation;
- Memorandum and articles of association;
- Power of attorney;
- Company profile;
- Bank reference letter;
- Most recent audited financial statements of the corporate entity.
Checklist for Mainland Business Setup in Dubai
1. Preparatory Stage
- Choose a business activity
- Decide on the name for the firm
- Outline the shareholding arrangement
- Fructify elements relating to the start up funding
2. Approval of Changes
- Apply for and obtain, initial permission from DED
- Apply for and secure the trade name
- Brand any documents needed and make them available for review
- Obtain an additional approval from any of the other concerned authorities, if any
3. Location and Documentation
- Search for an office
- Sign the office lease agreement
- Prepare the memorandum and articles of association among other documents
- Certify the said documents
4. Issuance of License
- Submit all required documents to the DED
- Pay the required licensing fee
- Collect the trade placement license
5. Gruppi Post Licenziare
- Open an account with a bank
- File a value added tax registration application (if necessary)
- Request an application of the establishment card
- Assist in the issuance of worker's visas.
Cost of Mainland Business Setup in Dubai
The structure of costs presents cleary the following elements:
Start-up Costs:
- Fees for operating trades: AED 600-2,000
- Initial approval fee: AED 100- 1,000
- Licencing fee range: AED 10,000- 15,000
- Office premises lease: From AED 20,000 per annum
- Nominee (sponsor) service cost (if any): AED 15,000- 50,000 per year
- Lawyer services fees: AED 2,000- 5,000
Operating Costs:
- Cost for becoming a Chamber of Commerce member: AED 2,000- 20,000
- Establishment card: AED 2,000
- Immigration card: AED 2,000
- Fees- Municipality: dependent on size of the office
- Fees- Visa Processing: per employee
Why Choose Flyingcolour Business Setup for Mainland Company Formation?
Flyingcolour Business Setup is an all-inclusive answer for your requirements as regards mainland company formation with the following advantages:
Professional Advice: You will be assigned business set up consultants who have vast experience setting up companies in the United Arab Emirates.
Complete Documentation Support: The process entails helping with all the paperwork that is legally needed.
Local Sponsor Arrangements: Reliable and dependable local sponsors with clear agreements are made available and access full.
Post-Setup Support: There is help in running and compliance with the business even after the law is set up.
Multilingual Support: Serviced in many languages.
Additional Services: Extra services such as payment services and provision of work permits are offered.
CONCLUSION
For businesses intending to penetrate the UAE market effectively, mainland company formation in Dubai is a rational option. There are steps and requirements as all processes have in them, but the advantage of free trade, marketing access, and chances of growth one upholds makes it worthwhile for serious investors and established as well as new companies.
Engaging a professional business setup consultants in Dubai such as Flyingcolour Business Setup can help ease the journey. This is because all the necessary procedures are followed, and much time and effort are not wasted. Their grasp of the local laws on business creation and their expertise in the field as well as the connections they have, are very beneficial in the process of company formation.
Mainland business registration opens up opportunities for businesses wishing to grow with the region as Dubai’s growth as a global business continues. In such situations, Provided there is advice and assistance, entrepreneurs have a clear understanding of the setup process and pay attention mostly to the growth of the business which is in one of the most growing markets in the world.
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