Ingenious Corporate Services – Company Set-up in Dubai, United Arab Emirates
Mainland Company Formation in Dubai, UAE
Businesses can do wonders when they operate like a free bird! You want maximum freedom and flexibility to run your business. That’s what onshore or mainland company formation in Dubai does.
Some of the most preferred mainland locations for business setup in Dubai are Business Bay, Al Quoz, Al Karama, Deira, Jumeirah, Sheikh Zayed Road and Bur Dubai.
Ahead, we will unlock the answers to the questions that are frequently asked by aspiring business persons before hopping on the roads to mainland business formation in the UAE.
Why Mainland Company Formation in Dubai & UAE?
Maybe the 100% foreign ownership, maybe the global reach or maybe just the flexibility of doing business that the Mainland jurisdiction in the UAE offers, a host of entrepreneurs from the world over can be seen taking the mainland route to establish their presence in Dubai. Especially after the latest amendment to the UAE Federal Commercial Companies Law (CCL) came into effect, granting foreign investors full ownership of specific businesses without the need of involving Emirati national sponsor/s. If you are also looking to set up your first or next business in the mainland area of Dubai, then you can’t be wrong. Here are some of the key benefits of setting up a mainland company in Dubai you would want to know before embarking on your entrepreneurial journey in Dubai.
Advantages of setting up
A MAINLAND COMPANY in Dubai
No geographic restriction on trading
With a mainland business in Dubai, you are free to trade with anyone and anywhere – all across the UAE.
Advantages of setting up
A MAINLAND COMPANY in Dubai
No geographic restriction on trading
With a mainland business in Dubai, you are free to trade with anyone and anywhere – all across the UAE.
Flexibility to choose office
Unlike freezone companies in Dubai, mainland businesses can rent an office premise anywhere in Mainland Dubai.
Freedom to trade internationally
It’s easy to expand your brand’s presence globally with a Dubai mainland business licence.
Complete business ownership
Depending on the economic activity chosen, expats business owners can now enjoy full ownership of their company without the need of local sponsor/s. Thanks to the new UAE CCL implemented on June 1, 2021.
Flexibility to choose office
Unlike freezone companies in Dubai, mainland businesses can rent an office premise anywhere in Mainland Dubai.
Freedom to trade internationally
It’s easy to expand your brand’s presence globally with a Dubai mainland business licence.
Complete business ownership
Depending on the economic activity chosen, expats business owners can now enjoy full ownership of their company without the need of local sponsor/s. Thanks to the new UAE CCL implemented on June 1, 2021.
A mainland company can have more than one branch
If you already have a mainland company in the UAE, you can also open a branch office keeping its 100% holding.
No limit on visa issuance
This simply means you may grow your team in line with the 100 square feet space per visa rule.
Easy and quick business setup
The administrative process is smoother, faster, and less restrictive compared to your free zone counterparts.
A mainland company can have more than one branch
If you already have a mainland company in the UAE, you can also open a branch office keeping its 100% holding.
No limit on visa issuance
This simply means you may grow your team in line with the 100 square feet space per visa rule.
Easy and quick business setup
The administrative process is smoother, faster, and less restrictive compared to your free zone counterparts.
Licence options for mainland company formation in Dubai
One can establish a mainland business in Dubai by obtaining any of the three licence types mentioned below.
Professional Licence
Issued to provide professional services. For example, various kinds of consultancy services including financial advisory, education consultancy, tax consultancy, etc.
Commercial Licence
Granted to conduct trading activities such as sourcing and selling of different types of commodities including food & beverage items, precious metals & stones, etc.
Industrial Licence
Dispensed to engage in manufacturing or other types of industrial activities. For instance, manufacturing, packaging, assembling and recycling of products.
Licence options for mainland company formation in Dubai
One can establish a mainland business in Dubai by obtaining any of the three licence types mentioned below.
Professional Licence
Issued to provide professional services. For example, various kinds of consultancy services including financial advisory, education consultancy, tax consultancy, etc.
Commercial Licence
Granted to conduct trading activities such as sourcing and selling of different types of commodities including food & beverage items, precious metals & stones, etc.
Industrial Licence
Dispensed to engage in manufacturing or other types of industrial activities. For instance, manufacturing, packaging, assembling and recycling of products.
How to incorporate a mainland company in Dubai, UAE?
To be able to establish a mainland company in Dubai, one must possess a relevant trade licence issued by the local DED. In a common scenario, the process of registering a mainland business in Dubai involves the following steps
• Select the primary and related business activities covered by single trade licence
• Decide an appropriate legal structure
• Think of a unique trade name for the business in line with UAE trade name guidelines and have it registered
• Rent an office anywhere in Mainland Dubai and receive RERA-registered commercial lease papers
• Apply for an initial approval with DED in Dubai
• Draft a Memorandum of Association (MoA) and/or Local Service Agent Agreement (LSA) and have them attested
• Get additional or special government approvals (only if applicable)
• Gather all the relevant documents and submit them all with the duly filled trade licence application
• Pay the application fees and collect the mainland business licence when approved
• Process visa applications for yourself and others including family members, domestic help and employees
• Open a corporate bank account in Dubai
• Purchase a business insurance
What are the documents required for Mainland company formation in Dubai
Whether mainland or free zone, small or big, no business can be set up in Dubai without paperwork. Here is an estimated list of documents you need to arrange for your business setup in Dubai Mainland. Be informed that the authority (in this case DED) may ask for more documents if required.
• Completed trade licence application form
• Initial approval receipt and all the previously-submitted documents
• Duly attested MoA (applicable to all company types)
• Duly attested LSA (for civil establishments and
companies that are 100% owned by non-GCC nationals)
• Additional approvals from other government/
semi-government bodies concerned, as may be required
• NOC from the current sponsor (if the applicant is already in Dubai on a resident visa)
• Commercial tenancy contract or EJARI registration certificate
• Copy of NOC from partners
• Dubai Chamber of Commerce and Industry Registration
• Dubai Chamber of Commerce and Industry Registration
If the submitted documents and the licence application have no discrepancies, the licence can be issued just within a matter of 3-5 business days.
What are the documents required for Mainland company formation in Dubai
Whether mainland or free zone, small or big, no business can be set up in Dubai without paperwork. Here is an estimated list of documents you need to arrange for your business setup in Dubai Mainland. Be informed that the authority (in this case DED) may ask for more documents if required.
• Completed trade licence application form
• Initial approval receipt and all the previously-submitted documents
• Duly attested MoA (applicable to all company types)
• Duly attested LSA (for civil establishments and
companies that are 100% owned by non-GCC nationals)
• Additional approvals from other government/
semi-government bodies concerned, as may be required
• NOC from the current sponsor (if the applicant is already in Dubai on a resident visa)
• Commercial tenancy contract or EJARI registration certificate
• Copy of NOC from partners
• Dubai Chamber of Commerce and Industry Registration
• Dubai Chamber of Commerce and Industry Registration
If the submitted documents and the licence application have no discrepancies, the licence can be issued just within a matter of 3-5 business days.
What is the cost of setting up a mainland company in Dubai?
The exact answer to this question depends on a number of factors including the choices you make during the course. However, if you are interested in knowing the ballpark figure, the cost of obtaining a mainland licence in Dubai and setting up a full-fledged company can easily reach AED 50,000+. However, if you work with an experienced business setup advisor like us then it is possible to work around your budget.
To Be Precise…
Even if you are confident enough to start your business setup journey under your own steam, the first step to business setup in Dubai always starts with consulting a reputed business setup firm such as Ingenious Corporate Services.
Taking expert advice not only helps you make the right decisions every step of the way but also keeps you from unnecessary hassles and the spadework involved in completing the paperwork while saving you a fortune today and in the future. With our mainland business formation specialists in Dubai by your side, you don’t have to worry about a single thing regarding your new mainland business setup in any
part of the UAE – from deciding the most favourable economic activity and business location to
obtaining initial and special approvals to finally applying for the trade licence and visas.
Save your time and effort and do a zoom meeting with any of our business setup consultants in Dubai to know why we are your right business setup buddy!
What is the cost of setting up a mainland company in Dubai?
The exact answer to this question depends on a number of factors including the choices you make during the course. However, if you are interested in knowing the ballpark figure, the cost of obtaining a mainland licence in Dubai and setting up a full-fledged company can easily reach AED 50,000+. However, if you work with an experienced business setup advisor like us then it is possible to work around your budget.
To Be Precise…
Even if you are confident enough to start your business setup journey under your own steam, the first step to business setup in Dubai always starts with consulting a reputed business setup firm such as Ingenious Corporate Services.
Taking expert advice not only helps you make the right decisions every step of the way but also keeps you from unnecessary hassles and the spadework involved in completing the paperwork while saving you a fortune today and in the future. With our mainland business formation specialists in Dubai by your side, you don’t have to worry about a single thing regarding your new mainland business setup in any
part of the UAE – from deciding the most favourable economic activity and business location to
obtaining initial and special approvals to finally applying for the trade licence and visas.
Save your time and effort and do a zoom meeting with any of our business setup consultants in Dubai to know why we are your right business setup buddy!
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