Business Setup In Dubai Mainland
Mainland company formation in Dubai, comes under Department of Economic Development (DED). Dubai has various sectors of business tons of activities in Dubai mainland. You can acquire business from global and trade in UAE as well. The major effect comes when import and export of goods take a place. As of January 2024, Dubai's GDP was AED 429 billion ($USD 116,779 billion). Which is very high in terms of business opportunity, and relocating your business in Dubai. Dubai is one rich emirates from rest seven, and has potential to grow very high in % every year. Dubai mainland has Unrestricted business activities and can do trading in UAE, including renting property. Selecting best location for mainland license is the key towards success.
Mainland company can with any offshore companies without any hesitation or does not need any special permissions after getting the license. Setting up a company in Dubai mainland can make you an open bird to the industry, to fly as much as you can. In Dubai mainland license you can open office anywhere in Dubai.
Dubai mainland has various advantages, like freedom, open business source and choice of business activity. Also it refers to some advance features as followed. Dubai offers you an open ownership, that is no any local resident partner is required. Still there are some activities, who required local resident. People with freezone license has limited access too certain activities and they cant do certain activities, contract without the mainland license. Mainland has best benefit, that they can open office in UAE and as per their beach hike and reach they can open an office in multiple locations too. Mainland license can be useful for all the businesses who aim is to reach wide network of business in UAE.
Setup A Company In Dubai
Dynamic Business :
A business that can run like jet and has open freedom like sky with no boundaries on business activities. Great business infrastructure like no other country has, and with global access.
Unrestricted Activities :
Dubai government gives you full access to work in UAE and Global offshore with many business activities such as import & export, trade in the United Arab Emirates.
Ownership Advantage:
As per the law of Dubai, some rules is being changed long back. You does not need local resident as partner to open a company in Dubai mainland. Some still are crucial or lets say special activities are there who need local resident as partner.
Types Of License In Dubai Mainland
Commercial License
When you plan for Import, Export or Trade in UAE With full freedom and 100% foreign ownership, you can go for commercial license of Dubai. You can have good business environment and freedom you work in UAE. Also can do commercial activities, after following few legal steps and some strategic planning for business.
Industrial License
Applying at Department of Economic Development (DED), with certain business activities you have reserve the company name. Chamber of Commerce and Industry, the Industrial Registry, the Ministry of Health, and other authorities are the responsible figure review your application. you should prepare 6month prior before applying.
Professional License
Department of Economic Development (DED) allows the business to service in UAE sector. You does not need permission from multi sectors similar to Industrial one. Choosing and business activity, selecting entity name and finalizing paperwork will get you Professional License of Dubai mainland. reserving a trade name is important task.
Tourism License
Obtain Dubai Tourism license can give you benefits of serving all world tourism, and allowing to deal with millions of international tourist in UAE. The only way to get tourism license of dubai is by applying at Dubai Economy & Tourism (DET). The best rule to get tourism license is to have clean criminal record and No Objection Certificate (NOC) from Civil Aviation Authority.
How To Start A Company In Dubai Mainland?
There are systematic process of incorporating business in UAE, and had some step to follow. Here is the step by step guide:
Step 1: Prepare the Documentation
It is very important to have professional consultancy, who knows the paperwork and has detailed information about each step. Getting documentation ready and walk through each window, can be done from our end. So you don't feel the heat of Dubai.
Step 2: Get Business Approval
By submitting documents and basic registrations, we also submit business name approval from the government. So that our company entity looks unique in the frame. After approval from government, we good to go for next step.
Step 3: Apply For Visa
Once the approval letter hits the email box, we can plan about visa and rest procedure. In some cases of business activities, government requires an security deposit of visa. Probably not for all cases , this is not mandatory to all procedure.
Step 4: Complete Biometric
Government need your exact information while incorporating business setup in Dubai. We take care of that as well, in visa cases will help you getting appointment for the biometrics and make sure that you attend with proper documentation in hand.
Step 5: Get Bank Account
As soon you done biometric, will get the emirates id (In some cases don't required) from Dubai government. By applying with standard information you get list of banks, for your business and as per your business activity. Submit and get bank account.
Step 6: Tax Registration
Once all procedure is done, VAT comes in role. Only if your business is has taxable supplies and your income threshold is AED 375,000 officially. Businesses in Dubai and UAE do registration if the total value of supplies and imports or expenditures in a year exceeds AED 187,500. Some business has different requirement as per business activity, will get you covered with tax consultation session.