Dubai is one of the most attractive destinations for entrepreneurs looking to set up a business in the UAE. Dubai’s mainland company setup offers a range of advantages to entrepreneurs, including access to the local market and the ability to conduct business activities across the UAE. This article will discuss everything you need to know about Dubai’s mainland company setup. Check this website to know mainland company setup Dubai cost.
What is a Dubai mainland company?
A Dubai mainland company refers to a business entity registered in the mainland of Dubai, as opposed to free zones or offshore jurisdictions. Companies operating in the mainland are subject to the UAE Commercial Companies Law, which requires a local sponsor or service agent to act as a partner or representative of the company.
Advantages of a Dubai mainland company:
Setting up a mainland company in Dubai offers several advantages to entrepreneurs. Here are some of the benefits of a Dubai mainland company:
Access to the local market:
A Dubai mainland company can access the local market and conduct business activities across the UAE.
No restrictions on business activities:
Companies registered in the mainland are not subject to any restrictions.
No minimum capital requirement:
There is a minimum capital requirement for mainland companies in Dubai.
100% repatriation of profits:
Companies operating in the mainland can repatriate 100%.
Access to skilled labor:
Setting up a mainland company in Dubai gives businesses access to a skilled labor force.
Steps to set up a Dubai mainland company:
Setting up a mainland company in Dubai involves several steps, including:
- Choose a business activity: The first step in setting up a Dubai mainland company is to choose the relevant business activity for the company.
- Choose a legal form: Companies operating in the mainland can choose from several legal forms, including a sole proprietorship, limited liability company (LLC), or branch office.
- Obtain a trading name: The company must obtain a trading name that complies with the Dubai Economic Department’s (DED) regulations.
- Draft the memorandum of association (MOA): The MOA outlines the company’s objectives, activities, and shareholders.
- Obtain approval from the DED: The company must obtain approval from the DED to establish the business.
- Obtain a commercial license: Once the company is approved, it must obtain a commercial license from the DED.