Dubai has become one of the most attractive destinations for entrepreneurs and investors looking to establish and operate businesses in the Middle East. Dubai offers a favorable business environment with low tax rates, state-of-the-art infrastructure, and a strategic location connecting East and West. In this context, Dubai mainland company setup services have become increasingly popular among investors looking to establish their businesses in the city. Here, we will explore Dubai mainland company setup services in detail, including their benefits, process, and requirements.
What is Dubai Mainland Company Setup?
Dubai mainland company setup refers to the process of establishing a business in the mainland area of Dubai, which is governed by the Dubai Department of Economic Development (DED). The mainland area includes most of the city’s commercial and residential areas and is subject to different laws and regulations than the free zones in Dubai. Dubai mainland company setup allows investors to operate their businesses in the local market and benefit from the city’s strategic location, diverse economy, and business-friendly environment.
Benefits of Dubai Mainland Company Setup
Dubai mainland company setup offers several benefits to investors, including:
- Access to Local Market
Dubai mainland company setup allows investors to access the local market and benefit from the city’s diverse economy. The local market includes various sectors such as trade, tourism, construction, real estate, and finance, among others.
- No Restrictions on Business Activities
Dubai mainland company setup allows investors to conduct any legal business activity without any restrictions. Unlike free zones in Dubai, which have specific business activities, the mainland area allows investors to engage in any business activity as long as it complies with the local laws and regulations.
- No Minimum Capital Requirement
Dubai mainland company setup does not require a minimum capital requirement, allowing investors to start their businesses with minimal capital.
- Business Flexibility
Dubai mainland company setup offers business flexibility, allowing investors to customize their businesses according to their needs and requirements. Investors can choose from various legal structures such as limited liability companies, sole proprietorship, and branches of foreign companies.
- Access to Local Talent
Dubai mainland company setup allows investors to access the local talent pool and recruit skilled and experienced professionals from the city’s diverse workforce.
Process of Dubai Mainland Company Setup
The process of Dubai mainland company setup involves several steps, including:
- Selecting a Business Activity
The first step in Dubai mainland company setup is selecting a business activity. Investors should choose a business activity that complies with the local laws and regulations and is aligned with their business goals and objectives.
- Selecting a Legal Structure
The second step in Dubai mainland company setup is selecting a legal structure. Investors can choose from various legal structures such as limited liability companies, sole proprietorship, and branches of foreign companies, depending on their needs and requirements.
- Selecting a Trade Name
The third step in Dubai mainland company setup is selecting a trade name. Investors should choose a trade name that complies with the local laws and regulations and is not already registered.
- Obtaining Initial Approval
The fourth step in Dubai mainland company setup is obtaining initial approval from the DED. Investors should submit the necessary documents and fees to the DED and obtain initial approval for their business activities.
- Drafting Memorandum of Association
The fifth step in Dubai mainland company setup is drafting the Memorandum of Association (MOA). The MOA is a legal document that outlines the company’s activities, objectives, and structure, among other details.
- Renting a Commercial Space
The sixth step in Dubai mainland company setup is renting a commercial space. Investors should rent a commercial space that complies with the local laws and regulations and is suitable for their business activities.
- Obtaining Final Approval
The seventh step in Dubai mainland company setup is obtaining final approval from the DED. Investors should submit the MOA and other necessary documents to the DED and obtain final approval for their business activities.
- Obtaining Business License
The eighth and final step in Dubai mainland company setup is obtaining a business license. Investors should submit the final approval certificate, lease agreement, and other necessary documents to the DED and obtain a business license to start their operations.
Requirements for Dubai Mainland Company Setup
Dubai mainland company setup requires investors to comply with the local laws and regulations and fulfill certain requirements, including:
- Local Partner
Dubai mainland company setup requires investors to have a local partner who owns at least 51% of the company’s shares. The local partner can be an individual or a company and must be a UAE national or a company wholly owned by UAE nationals.
- Commercial Space
Dubai mainland company setup requires investors to rent a commercial space that complies with the local laws and regulations and is suitable for their business activities. The size and type of commercial space depend on the nature of the business activity.
- Trade Name
Dubai mainland company setup requires investors to choose a trade name that complies with the local laws and regulations and is not already registered.
- Business Plan
Dubai mainland company setup requires investors to submit a business plan outlining their business activities, objectives, and strategies.
- Documents
Dubai mainland company setup requires investors to submit several documents, including passport copies of the shareholders, the MOA, the lease agreement, and the business plan, among others.
Dubai Mainland Company Setup Consultants
Dubai mainland company setup can be a complex and time-consuming process that requires investors to comply with the local laws and regulations and fulfill certain requirements. In this context, Dubai mainland company setup consultants can provide investors with the necessary expertise and guidance to navigate the process and ensure a successful setup. Dubai mainland company setup consultants offer various services, including:
- Business Setup Services
Dubai mainland company setup consultants offer comprehensive business setup services, including company registration, legal structure selection, trade name selection, and business license issuance, among others.
- Corporate Services
Dubai mainland company setup consultants offer corporate services, including company formation, secretarial services, and corporate governance, among others.
- Visa and Immigration Services
Dubai mainland company setup consultants offer visa and immigration services, including visa application, residency permit, and work permit issuance, among others.
- Accounting and Taxation Services
Dubai mainland company setup consultants offer accounting and taxation services, including bookkeeping, financial reporting, and tax compliance, among others.
- Business Advisory Services
Dubai mainland company setup consultants offer business advisory services, including market research, feasibility studies, and business planning, among others.
Conclusion
Dubai mainland company setup offers investors the opportunity to establish and operate businesses in one of the most attractive destinations for entrepreneurs and investors in the Middle East. Dubai mainland company setup allows investors to access the local market, conduct any legal business activity, and benefit from a favorable business environment. However, Dubai mainland company setup requires investors to comply with the local laws and regulations and fulfill certain requirements. In this context, Dubai mainland company setup consultants can provide investors with the necessary expertise and guidance to ensure a successful setup and maximize their business potential in Dubai.
