Dubai Mainland remains one of the most preferred destinations for businesses from across the world. Mainland companies are those that are registered with the Department of Economic Development (DED) in the UAE. By undertaking company formation in Dubai Mainland, you can do business across Dubai, UAE and the GCC countries.
Opening a company in Dubai Mainland offers greater freedom for you to expand your business in Dubai. With company formation in Dubai mainland, you are allowed to broaden your Dubai-centered business to other parts of UAE.
Beyond that, the businesses also get to enjoy the facilities offered by the government including state-of-the-art infrastructure, connectivity, access to a skilled workforce, highly-equipped workspace, and so on. By undertaking Company formation in Dubai mainland, the businesses become eligible to participate in tenders and government projects.
Previously, 100% foreign ownership was allowed only for companies established in free zones and those engaged in professional services.
Of late, this has changed and companies in mainland are also allowed to have 100% foreign ownership This is extremely advantageous to the businesses as they don’t have to search for local partners. Except for strategically significant sectors like oil and gas, company formation in Dubai Mainland does not require a local partner.
Choose your business activity
From agriculture and commercial activities to trading and manufacturing, Dubai Mainland allows a plethora of activities for businesses to take up. So, the first step in mainland business setup Dubai is to choose the industry in which you would want to venture. Our company formation expert shall help you with the list of business activities permitted by the Department of Economic Development for Dubai mainland business setup.
Find the ideal location for your business in the UAE
After deciding on the business activity, the very next step is to pick a location for your business to operate. Sheikh Zayed Road, Al Karama, Bur Dubai, and Deira, Business Bay, Al Quoz, Al Qusais, and Jumeirah are some jurisdictions that provide opportunities for mainland business setup Dubai. Ideal location for your business depends on the nature of business activity and budget plans. In case you are into trading, then incorporating your business in close proximity to Jebel Ali, Mina Khalid and other busy ports helps. Given that there are no restrictions on opening branch offices, businesses can strengthen their local presence with time.
Determine your business legal structure
Considering regulatory norms, many types of businesses are allowed when it comes to Dubai mainland business set up. LLC (Limited Liability Company) is the most sought after. It is owned by two or more shareholders. Businesses that are into professional service do not have any restriction on foreign ownership. On the other hand, businesses undertaking commercial and industrial licenses should have a local partner.
Name your company
In Dubai mainland business set up, the next step is to pick a trade name for your business. Your trade name must not have offensive terms, or religious inferences. If you are registering your company with a trade name in a different language, they must be written as they sound. The trade name should not be translated. Our company formation experts in Dubai shall guide you in choosing a trade name.
Apply for a mainland trade license
The next step is to apply for a mainland trade license. Documents including
Memorandum of Association, Articles of Association, Passport copies of the shareholder, Shareholder visas, etc. must be submitted. Exact set of documents needed varied depending on the nature of business.
Secure your office space
For Dubai mainland business set up, the next step is to secure an office space. Serviced offices contain desks, phone, internet connection, and all that you would need to move in. Businesses should pay the rent for business space, office equipment, and utility bills. They are usually maintained by a third party. There is also a ‘shell and core’ office space where you customize the store with decoration. So this would add to your rentals.
Apply for relevant visas
There are no restrictions on the mainland visa applications for business owners involved in company formation in Dubai Mainland. The number of visas sought should tally with the office space used. Typically a 100 sq.ft office per person is the norm. In some cases like a domestic cleaning company, where it may have 500 employees but a lesser office space, the norm is relaxed. Being the owner of Dubai Mainland company, you can sponsor visas for family members and domestic helpers.
Partner with a Company Setup Consultant
Dubai mainland business set up involves numerous steps some of which may be hard if you attempt to do them on your own. You should consider working with Oxbow corporate services, the leading Company formation experts to ensure a seamless completion of the Mainland business setup in Dubai.
P.O. BOX:84706, Office No.108, Coastal Building, Al Qusais 2, Dubai, UAE
Foreigners are allowed to have 100% ownership and there are no restrictions on repatriation of capital.
There are no taxes - corporates are exempted from paying taxes. In addition, there are also no taxes on trade and personal income.
Mainland companies are allowed to open their offices anywhere in the UAE including the free zones.
Coastal Building, Al Qusais 2, P.O. BOX:84706, Dubai, UAE