Dubai mainland is the most preferred location for several business people to form a company. The reason for Dubai mainland’s popularity is the freedom to do business elsewhere in Dubai and the UAE. But there is a complete process for mainland company formation in Dubai. For this purpose, the people who are interested require to complete many requirements for setting up a company in Dubai mainland. The best and easy way to deal with this is to communicate with the Start Any Business UAE professionals who will definitely provide assistance and guidance on every step during the entire process of company formation.
What is Dubai Mainland Company
A mainland company in Dubai is a company that registered with the DED (Department of Economic Development) of the relevant emirate where the business people want to form their company. Business setup in Dubai mainland is an ideal choice for business people who wish to gain a robust presence in the local market of the UAE.
A limited liability company is the most demanding kind of company when it comes to forming a company in Dubai mainland. LLC is the most commonly registered type of company in Dubai and the UAE. Mainland business formation offers the business people more flexibility in terms of business expansion. This makes them capable of easily starting a new office or warehouse, adding more workers, performing government projects, and more.
100% overseas ownership in Dubai mainland company makes it a favorite option for business people. This also gives the business people to open office space and warehouse facilities elsewhere in Dubai to keep the cost down. Being a mainland company in Dubai, it helps the business people to easily extend the workforce and open new branches in Dubai. For a company that is aiming for an international or local expansion, registering it as a limited liability company in Dubai mainland is greatly advantageous to facilitate easy trade and customs clearance.
What Are the Benefits of a Mainland Company Setup in Dubai
- No requirement for minimum capital to form a company
- The quick and easy registration procedure
- Ability to take up work from both public and private sectors
- Flexibility to establish an office and run business elsewhere in the UAE
- No cap on the number of issues visas
- Ability to repatriate profits and capital up to 100%
- Exemption from income and corporate tax
- Flexibility to extend their businesses into different industries
- No annual audits needed
Steps Involved in The Mainland Business Setup In UAE
- Choose a Business Activity
The nature of the business can have an impact on which jurisdiction a business chooses. For instance, if a businessman wishes to begin a company in Dubai mainland, there are separate locations dedicated to various business activities. A businessman can select based on what they wish their business to be.
- Finalize Company Structure
The very basic route for mainland company formation in Dubai is the reliable and safe vehicle of the LLC company, but there are more other choices as well. The experienced and reliable business setup consultants in Dubai go through the feasibility studies, due diligence, and corporate forming, to assist you to form a perfect company in Dubai mainland.
- Register Trade Name
The business name of your new company should reflect the business activity you have selected, and it should be sanctioned by the officials prior to formal use. Approval is subject to the business name that is not in utilization already by somebody else, or that is registered already. In addition, the business name should not hurt public morals. You can check the possibility of business names on the DED’s website in Dubai or other emirates.
- Get Require Approvals
In this phase, you can take the assistance of the business setup consultants in Dubai who will help you to complete all the documentation process and do all the procedures for getting an initial approval for you. This initial approval is a prerequisite for all upcoming steps towards mainland company formation in Dubai. Thereafter, depending on your select activity, there can be other government approvals and translation of such approvals, and different verifications and notarizations. Carefully timed and coordinated, these phases would lead to the collection of the final approval – the business license of your mainland company.
- Comply with Labor Rules
If you don’t want to start the visa procedure of buying visas, the business setup consultants at Start Any Business UAE will manage all the things on your behalf; processing your setup card, opening an authorized government file, applying for the necessary number of jobs, and residence visas for employees. This also comprises the attestation, translation, and verification of different documents.
Documents Required For Mainland Company Formation In Dubai
Following documents are necessary for mainland company formation in Dubai –
- Licensing and registration application, and proof of reserved business name
- Photocopy of passport of the applicants
- Photocopy of naturalization identification of the applicant
- NOC letter from the present sponsor of the applicant for non-GCC citizen
- Photocopy of the passport of the directors, and NOC from the current sponsor of the director
- Approval granted by other governmental officials as per the kind of activity
- Board resolution