Looking for sponsor in Dubai
Dubai Mainland is famous for its business friendly infrastructure and facilities. Dubai mainland company formation is still the first preference by most of the establishments when establishing their business in Dubai. Company Formation in Dubai Mainland is very interesting and time consuming task; we are the best Company Formation consultancy offers the best services for Dubai Mainland company setup.
Mainland Company Setup in Dubai
The Department of Economic Development (DED) is a business hub under the control of the government of Dubai, UAE. DED was launch in March 1992 with the primary goal of regulating & start up the trade & industry in the Emirate of Dubai & simultaneously enhancing the economic development & growth of Dubai & the UAE. DED is responsible for business setup in Dubai mainland, business registration & mainland license as well as commercial compliance & consumer protection in the Emirate of Dubai.
So why is mainland such a lucrative area to set up in Dubai?
Dubai Mainland is the total geographical area which is permitted by the DED (Dubai Economic Department) to all the private business entities and their representative to operate commercial business functions. These are prime locations where a foreign business owner can work, for example, international chains of food, luxury goods, car makers, etc.
As per the Business Incorporation laws of UAE in LLC company formation in Dubai, a Foreign Owner can hold only up to 49% of the business, if set up is in Mainland and a UAE national mandatory holds 51% of total equity except in the following cases:
- Activities with 100% GCC ownership
- Instances where GCC companies enter into a partnership with UAE National
- Where the law requires 100% local ownership.
- Businesses located in Free Zones
Mainland Business Setup Process
In mainland business setup process, if you want to setup your company in the Dubai mainland, you will need to appoint a UAE national as a local sponsor for your business. However, the local sponsor or sleeping partner will make an agreement that he will not have any involvement in the company operations or profit sharing of the company setup in Dubai mainland.
For a professional License, the investor can have 100% ownership, but a local service agent is still required. Thus for a professional company, the local service agent has no active part in the company business management, operations or profit sharing. Instead, they will act as figurehead representative, while drafting legal agreements and establishing other business documentation required in Dubai.
Requirements for Dubai Mainland Business Setup
A verified office address from Dubai Municipality is required when setting up business in Dubai. The requirement of office space for Mainland company setup in Dubai, can be varied based on the type of license the investor is looking for and it is investor’s responsibility to ensure a valid tenancy contract for an office is available at the time of applying for the license of Dubai mainland company.
There are 6 main steps involved in Dubai mainland company setup. However, there are some activities which Mainland setup requires special approval from some specific Government departments. The main 6 steps involved for company formation in mainland are:
- Business Activity Selection and Name Approval
- Selection of Local Partner or Service Agent
- Apply for Initial Approval for Mainland company setup
- Preparation of Court Notarization and MOA
- Get Office Space and Tenancy Contact
- Final Submission for Mainland company formation in UAE
The professional consultants at Business Link support our clients to select the most appropriate decision in business setup and guide them through complete procedures of Dubai Mainland company formation and Dubai Economic Department company registration.
Advantages of setting up a business in Dubai Mainland:
It’s a great decision to begin your organization in Dubai. When it comes to Mainland company formation in Dubai, the following are the traits which pull an investor towards investing further:
- Zero Taxation- none in the case of corporate or personal tax
- No limitation in getting employment visas and easy recruitment process.
- Limited restrictions on a minimum capital requirement.
- No yearly auditing
- No restrictions on processing legal documents
- No restrictions on recruitment
- Low import duty
- Ease of getting affordable space with flexible rent or lease for office anywhere.
