Business Setup in Dubai Mainland
Dubai Mainland is one of the first locations that businessmen take a look at when they have a plan of finding out how to register a company in Dubai. Its infrastructure and facilities are also known to be eye-catching, giving people a lot of choices when they are starting a business in Dubai. Dubai Mainland is one of the places where UAE startups are located because it is advisable to be chosen by people who are looking to establish a retail business, a restaurant, or an organization that is more reachable by their target market when they are in the mainland as opposed to being in one of the free zones
When starting a business in Dubai, the business owners have the freedom to choose to set up a business in the malls or buildings in the huge city of Dubai, which is a great opportunity for companies with the certain target market. Business setup in Dubai Mainland gives an advantage to business owners when they are looking to be closer to the local market that is easily accessible. If your company caters to the local market, Dubai Mainland is the right choice for you.
There are a lot of business owners who visit the UAE and have an LLC company formation in Dubai. However, it should be noted that setting up a big or small business in Dubai Mainland does not give you 100% ownership. UAE company registration requires you to find a UAE national or a local sponsor with whom you will share the company with if you are an expatriate. This will give you a maximum of 49% ownership of your company.
If you are wondering on the timeframe of setup company in Dubai mainland, it greatly depends on how swift you can meet the requirements of setting up a business and passing your documents. The Company Registration in Dubai and its process can be done as fast as three weeks to six weeks; therefore, the trade license Dubai is easily obtained.
If you are asking how to start the business in UAE, this can be answered with the help of consulting companies in Dubai. Your waiting on the procedures might even be shortened. Aside from this, you can discuss your business ideas in Dubai and business plan in Dubai that you want to evolve into reality.
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Following industries you can setup in Dubai Mainland
We covers all the following industries, even if your industry not in list you can consult with us we can help you setup.
Benefits of Setting up Business in Dubai Mainland
Even if you cannot have 100% ownership if you conduct a business setup in Dubai Mainland, which is according to the United Arab Emirates law, there are still a number of benefits that you can gain in having a company formation in Dubai Mainland as listed below.
Over the years, Dubai has built itself to be one of the biggest business hubs in the world. Because of this, Dubai Mainland is one of the sought-after locations by business owners, either foreigners or locals, looking to have a company formation in UAE. The following below are the advantages of company formation in Dubai Mainland:
Zero tax: Although there is a new tax in our midst, which is the value-added tax (VAT), it only applies to goods and services. There still remains to be no corporate or personal tax that could burden the business owners when it comes to flourishing their businesses.
No limitation on the number of visas: It should be noted that though there is no limitation, this also depends on the office space. If the office is larger, more visas can be obtained.
Minimum capital requirement limited restrictions: There are little to none restrictions when it comes to minimum capital requirements when you open company in Dubai Mainland. For this reason, trade license Dubai is within reach when you are setting up a business in Dubai in mind.
Affordable office spaces: There are a lot of offices to choose from that have flexible rental and lease plans. Most of these can be negotiated with your landlord to settle with a reasonable amount. This can be found anywhere in the Dubai Mainland.
Conducting business anywhere in Dubai: It may sound really flexible but if you conduct a business setup in Dubai mainland, you can definitely choose a location anywhere in Dubai. Wherever you are more comfortable or feel like you can reach your target consumers more, you can settle there and find your place.
No currency restriction: Currency restrictions are not applied in Dubai Mainland, being one of the benefits that businessmen are looking for.
Business Setup Requirements & Procedure
Requirements for Dubai Company Registration
- Request to Reserve Tradename;
- Initial Approval from Department of Economic Development (DED);
- Certified copies of shareholders and directors’ passports;
- Certified copies of passport and CV of appointed General Manager;
- Personal information sheet – for all shareholders/directors and managers;
- Lease or rental agreement;
- Power of Attorney establishing our business setup agents as legal representatives, so we’re able to act on behalf of company shareholders
FAR Consulting Middle East’s Dubai mainland business setup solutions include the drafting, review, compilation, notarization, attestation, and submission of ALL requirements set by regulatory bodies. Take note: the list above is not comprehensive. Also, a physical address is mandatory for businesses in Dubai mainland. Our business setup team can assist you in searching for facilities that suit your business needs and meet the requirements of DED. Call us to know more about lease agreements and other necessary legal documents.
The procedure of processing the company setup would range from 2 to 4 weeks.
Support Services Offered in Dubai
FAR Consulting Middle East is comprised of skilled consultants with more than a decade experience in setting up business in Dubai mainland. We are registered consultants and provide a complete package solution for company formation. if you are thinking of business setup in Dubai mainland, then you can avail our services to identify the best locations based on your plans.
The services provided by our team of experts are:
- Expert guidance on whole process of business setup in Dubai main land
- Assistance in documentation and attestation from various government authorities
- Renewing license acquiring licenses will be handled by our experts
- Plan and schedule meeting with the potential clients for business setup
- Aiding clients in opening bank accounts
- Representing clients in front of various government authorities
Business Setup Cost in Dubai
Farahat & Co has more than ten years of experience in the area of business setup and seeks to provide clients with reasonable and affordable costs for company formation in Dubai. The below fee table represents the estimated costs of the fees associated with setting up a business in the Dubai mainland. You may contact us for further information and a customized proposal of the total costs involved in setting up a business of your choice.
Cost for Business setup in Dubai Mainland Cost
Business Registration and Licensing Cost Fees Initial approval AED 225.00 Notarization of MOA / AOA AED 923.50 Knowledge Fee & Innovation Fee AED 20.00 Registration Fee – Local or Foreign Branch Set Up AED 5,010.00 Name Reservation AED 735.00 Cost by Trade Licence Type (Select one of the following) Commercial License Fee AED 5,000.00 Service License Fee AED 5,000.00 Professional License Fee AED 5,000.00 Tourism License Fee AED 10,000.00 General Trading License Fee AED 15,000.00 Industrial License Fee AED 10,000.00 Manufacturing License Fee AED 10,000.00 Logistics License Fee AED 10,000.00 Setting up a branch office (Starting from) AED 5,000.00 Setting up a Branch of a Foreign Company (Starting from) AED 5,000.00 Additional Fees for Business Registration Establishment Card (Starting from) AED 860.00 Chamber of Commerce Fees AED 2,200.00 Visa Processing Cost Emirates ID (EID) Application, valid for 2 years AED 270.00 Medical Test (Starting from) AED 450.00 Employment/Residence Visa (Select one of the following) Employment / Residence Visa – In Country AED 6,040.00 Employment / Residence Visa – Out of the Country AED 4,990.00