Introduction to Mainland Business in Dubai
For Indian investors and expats, obtaining a Dubai mainland licence for business establishment offers a number of advantages and is a desirable choice. It offers chances to increase international trade, gain access to government initiatives, and more
You may benefit from the advantages of a mainland formation and save a substantial amount of money compared to the cost of establishing a mainland business in Dubai by working with the skilled team of company incorporation professionals at Whiteworth
Process to start a Mainland Company in Dubai
The processes that Indian business aspirants and other expats must take in order to register a mainland company in Dubai are as follows
- Determine an appropriate legal structure for your company i.e LLC or sole proprietorship. Also select the business activities in compliance with the Department of Economic Development in Dubai.
- The subsequent step is to select a distinctive name for your company. However, ensure that the name should be in compliance with UAE's rules and regulations. Thereafter obtain approval from the concerned authorities
- Select an appropriate location for your business and get a physical office space. You can also apply for a virtual office space remotely with the help of Whiteworth.
- Register for the Mainland company License on the submission of the required documents that may include the business plans, legal documents, lease agreement and application forms.
- Acquire additional approvals if required from the respective ministries, departments or specific industry regulators based on your business activity.
- Manage Visas for the shareholders, employees and dependents. Additionally, open a bank account to manage the financial transactions of your business.
Procedure to set up a mainland business in Dubai
It's essential to get PRO services in Dubai to launch your business successfully. There are several advantages to dealing with PRO service providers in Dubai:
Determine an appropriate Legal Structure
The first step is to select a structure for your company. This allows you to select either a LLC (Limited Liability Corporation), sole proprietorship or a civil company. The exact business operations you intend to carry out in the UAE must be chosen once the legal framework has been chosen. You can pick from the broad list supplied by the Department of Economic Development (DED) while conducting business in Dubai. It is crucial to check that the activities you choose are in line with your company's objectives and adhere to the DED's rules.
Trade Name Reservation
For your mainland endeavour, compile a list of preferable names (at least 3-4) and submit it for review to the appropriate authorities. Observe the UAE government's naming convention regulations, which include refraining from using pejorative language and allusions to gods. It should be noted that there can be an extra charge for utilising a foreign trading name, which would add to the overall establishment cost for a mainland firm
Establish a Secure Office
To ease legal communication, provide your mainland corporation a formal address. To cut expenses, renting office space is advised rather than buying real estate. As an alternative, you might look at choices for virtual offices through Whiteworth for remote business establishment, along with a sustainability agreement with legal advisors
Submit an application for a mainland company licence
Based on your mainland firm's operations and growth objectives, select the right type of license. Commercial, professional, industrial, and tourism licences are available options. The cost of a mainland Dubai licence can range from AED 7,500 to AED 20,000, depending on many elements including company activity and external clearances.
Obtain extra permissions
While many firms may choose from the DED's list to cover their intended operations, some might need to obtain extra permissions. Contact the appropriate regulating body in such circumstances, submit a business necessity plan, and offer supporting documentation for identification verification.
Manage Visas and Open an Account
The simple visa application processes are made possible by the lax visa regulations. Additionally, create a business bank account in Dubai with a selected local or foreign bank. Before making a choice, get advice from Whiteworth's banking professionals to weigh the benefits and drawbacks of various banks