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UAE, for a very long, has been the preferred destination for company formation for several investors.
The UAE Mainland company is a registered company in the DED, Department of Economic Development. Investors are free to choose a respective emirate and set up a company in the UAE. Mainland UAE company Formation is the best choice for investors who wish to take their place in the local market of the UAE.
But for the process of company formation, the interested people need to follow a complete procedure and meet the necessary requirements.
There are multiple benefits for investors wishing to establish a mainland company in the UAE. You can have a look at them for yourself here.
We have skilled professionals in our team who will guide you sincerely through the entire process of your company formation in the UAE mainland. Connect with us today.
If you choose us for your company’s formation in the UAE Mainland, the process will be very simple, easy, and hassle-free. Here are the steps of our process.
We are an established company with a skilled team of professionals. You can meet our dedicated team to set up your company in the UAE mainland. We are your one-stop-shop for all the registration needs and requirements. Along with free advice for our valued customers, we help you with the entire process of selecting and setting up a company in the UAE Mainland.
Selecting the right type of business activity, and legal business (corporation, sole proprietorship, LLC, or partnership) is essential before setting up your business in mainland UAE. In broad terms, UAE businesses licenses are categorized in the following manner.
-> A Commerical license covering all trading activity types.
-> A professional license covering all the specialized professional services, artisans, and craftsmen.
-> An Industrial license for manufacturing activities and establishing industries.
The DED, Department of Economic Development issues these licenses. However, some business category licenses require the approval of government authorities and other ministries. DED has over 3000 activities covered under different categories of business licenses for investors to select when they are setting up their company on the UAE mainland.
For the activities like insurance and jewelry, the company needs to hand in an issued financial guarantee by an operating Dubai bank. Basically, all the industrial and commercial UAE businesses need to be registered with the Chamber of Commerce and Industry. After the business activities and licenses are chosen, the person is required to decide about the legal business form for creating the structure of the company and its ownership documents.
There are several legal business forms the investors have to choose from when they decide to set up a company in mainland UAE. Based on the capital investment, business activity, and shareholding structure, the investors can decide on the best legal business category to set up the structure of their company, taking help from our business consultants and legal experts.
We will assist you through the entire process of setting up a company in mainland UAE. Here are the steps involved.
1. Select the Business Activity
The first step is to decide which business activity you will do in the mainland UAE. DED, Department of Economic Development, has permitted several business activities including agriculture, trading, manufacturing, hospitality, etc.
2. Search for your Ideal Location
After deciding on your business activity, you need to decide on the location, where you want your business to operate. No restrictions are set on where you can set your company on the mainland.
3. Set Your Business’s Legal Structure
There are different types of businesses that you can set up in the UAE mainland. The most common legal business structure is LLC, Limited Liability Company.
4. Get a Local Service Agent or Sponsor
Earlier on, foreign entrepreneurs could manage company formation in the mainland by a partnership with a local service agent or sponsor. Your local sponsor owns 51% of your business.
5. Name the Company
Now you need to decide on a name for your company, one that displays your business’s values and brand motives, aims, and goals.
6. Applying for the Mainland Trade License
After the steps above, you need to apply with DED for a mainland license.
7. Set Your Office Space
After you get your mainland trading license, you need to secure your office space.
8. Apply for Necessary Visas
After deciding on and setting your place, you need to apply for the relevant visas and wait for their processing.
9. Partnering with a Consultant Company
You’d need help understanding the entire process of company formation and the best way is to seek help from a consultant.
When you finally decide for the formulating a mainland company in UAE, you should have an information about the required documents for the entire process.
Licensing and registration application, and trade name proof.
Applicant’s Passport photocopy.
Applicant’s naturalization identification photocopy (UAE nationals only).
No-objection letter from recent sponsor (Non-GCC nationals).
Director’s passport photocopy and no-objection letter from recent sponsor or director.
Court permission for practicing business (applicants below 21 years).
Approval by government authorities based on activity type.
Board resolution (if you have an existing corporate entity partner).
Receipt of initial approval – All submitted documents for initial approval
Office lease photocopy, the plot number included
Memorandum of association duty photocopy authenticated by Notary public.
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