Mainland Company Setup in Dubai
The latest amendment of company laws in UAE has allowed 100 % ex-pat investment in the mainland. So, Mainland Company Setup in Dubai is presently popular among foreign investors.
Many industries have 100% foreign ownership and there is no requirement of minimum capital as well as local UAE Sponsor anymore. Foreign investors can directly register and own the full rights of the company in UAE.
100% Expat Ownership in UAE
The cost of a mainland company license in Dubai starts from around AED 10,000 for an LLC Company. Also, there is no requirement for a UAE National to sponsor the company. The ex-pat investor gets 100% ownership of the LLC Company.
Apart from certain strategic industry sectors such as heavy manufacturing, finance, banking, agriculture, aviation, etc. Also, there are a lot of other industries and business activities that offer complete foreign ownership to the investors.
Opening an LLC Company in the Mainland of UAE
The investor can open a Limited Liability Company in the mainland of UAE and take a suitable business license. Depending on the business activity, investors can take office space in the UAE mainland and hire new staff. They can also expand their business by adding more branch offices in the mainland as well as taking a warehouse all at a lower cost.
Business Consultants in UAE will help in setting up an LLC Company on Mainland by coordinating with the Government Authorities. An Expert Business Consultant can reduce the total cost of a Mainland Company Setup in Dubai. They can also help in preparing the application form, shareholding pattern, special approval, preparing a tenancy contract, and more.
Why Prefer to set up a Mainland Company than Free Zone?
For certain business activities like trading, eCommerce, logistics, etc., the mainland company is the favorable choice due to the flexibility in easily scaling up the business by being in the mainland of UAE.
The business license in the mainland of UAE is issued by the Department of Economic Development (DED) of the respective emirate. The investor can take an instant virtual license from DED Dubai valid for 1 year. Also, there is no mandatory requirement for having a physical office space.
However, after a year prepare the tenancy contract and take the office space for continuing the renewal of the business license. It is advisable to go with the business license and office space from the start itself to keep the business on track easily and also open the bank account for the company quickly.
When compared to Free Zone, mainland companies can reduce Significant company setup costs. Also, the office rents on the mainland vary significantly depending on the emirates. Taking an office space in areas with less demand will help to keep the initial company setup cost low.
What are the Various Types of Business Licenses in the Mainland?
The most common Business license types in the Mainland of UAE are general trading, manufacturing, and services. Specific business activities such as eCommerce, trading in foodstuff, etc., must have special business license categories.
Investors can choose the desired business license and pay the required fee to obtain the trade license to legally start operating in UAE. With the mainland business license, the investor can easily sell their products and services to the local UAE market and growth the business quickly.
Once the trade license is ready and the office tenancy agreement is prepared for the office space. Then, the investor can apply for a corporate bank account from the UAE’s wide network of commercial banks.
It is easy for a mainland company to open a bank account in UAE due to the enhanced credibility and presence in the mainland of UAE.
Steps Involved in Obtaining a Trade License from Mainland Dubai
The steps involved in obtaining a trade license from the DED Dubai are very straightforward. However, it must be executed the right way to avoid any delay in the process or misrepresentation of business activity in the trade license.
It is best advised to take the assistance of an expert Business Consultant like AURION. Our team will provide you with end-to-end assistance in obtaining a trade license and continuing business operations in UAE seamlessly without any hassles.
- Fill up the application form, provide the right details, investor photograph, and passport copy
- Reserve the trade name and get the initial approval
- Choose the right business activity and business license types
- Prepare the shareholder certificate and capital allocation if any (AURION will assist you with this)
- Get the required clearances for certain business activities from the authorities
- pay the trade license fee and submit the required documents for review
- Apply for the UAE residence visa and open a corporate bank account in UAE
- Get the trade license and start operating the business in UAE
Hence, in a nutshell, a mainland company setup is an ideal choice for investors to easily establish a company, get a residence visa, open a bank account, and start operating the business.
AURION will assist you with end-to-end company formation services and allied business advisory support for setting up your dream company in the mainland of UAE. Connect with our expert team right away!
Contact Us: Aurion Business Consultants