Mainland Company Formation in Dubai
As Dubai and the entire UAE region reaffirm their position as an international business hub, more and more foreign investors are flocking to the region, intending to set up profitable business ventures. However, considering where to set up foreign-owned businesses is a crucial decision that determines company dynamics, mode of operations, future success, and revenue generation.
In light of this, Dubai’s mainland business setup is recommended for Indian investors seeking flexibility and freedom to run their businesses in the UAE. In this blog, we will walk you through the benefits of Dubai Mainland company formation, the process you should follow, and the documents you need to submit. So, let’s dive in!
What Are The Benefits of Starting a Mainland Company formation Dubai?
Following are some well-known benefits of Mainland company formation in Dubai:
1. Freedom to Trade in Dubai and the UAE
Mainland business setup in Dubai does not restrict who and where you can trade in Dubai. By establishing a Mainland company Setup in Dubai, investors can plan and undertake any form of trade without worrying about the legal implications of overstepping trade permissions.
To start a business in the Emirates, the investor must make sure that they select a local service agent (LSA). This Local Service Agent will assist you in applying for a business license. They will also help with other legal formalities related to translation work. Also, your business setup consultant should guide you on how to work with a local service agent.
2. Ability to Expand and Trade Internationally
Are you seeking the flexibility to penetrate international markets or expand your business internationally? A company formation in Dubai Mainland grants you the freedom to engage in international trade. Moreover, it lets you explore the increasing world connections.
Flexible business formations adapt to new markets with ease. For instance, when your product or service suddenly trends in a certain country, you must plan and execute the logistics to penetrate it within the shortest time possible. This ensures that you tap into the market and enjoy the returns maximally.
3. Ability to Diversify Business Offerings
Dubai’s smart city infrastructure offers businesses the power to diversify their operations and take businesses to the next level. Opting for a company setup in Dubai Mainland offers a better business evolution and expansion scope. Moreover, Dubai’s mainland business setup offers a faster, less restrictive, and faster administrative process as compared to other business formations in the UAE.
4. Ability to Do Business With the UAE Government
Unlike other business setup formations in the UAE, a mainland company grants permission to tender for lucrative government projects and contracts. The UAE government is wide. As a result, its contracts and projects are worth millions. Therefore, if your mainland company formation becomes regarded by the authorities, you benefit from long-term business success and profit generation.
Note that a chance to work with the UAE government boosts business status and reputation locally and internationally. Furthermore, it would be easier to win government contracts in other countries after working with the UAE government.
What are the Steps to Mainland Company Formation in Dubai, UAE?
The process of establishing a company in Mainland Dubai is easy and simple. Following is a general overview of the process for Mainland Company Formation in Dubai:
1. Choose Your Business Activity
Step 1 to establishing any company or business starts with ideation. It is important to lock in the business activity you want to carry out. For this, you can research the Dubai market. Similarly, you can go ahead with a trading activity of your choice. It is vital to make an informed decision, perhaps with the help of an expert. That is because your choice of activity will determine the license you will have to apply for and any other extra permits that you may need.
2. Reserve Your Trade Name
Once you choose your trading activity, the next step forward is to reserve your trade name. For this, you will first have to choose a trading name. However, this can be a tricky task. Your trading name must comply with the rules laid down by the government. An expert, like a Shuraa consultant, can assist you in choosing an appropriate trade name.
3. Decide on The Legal Structure
The legal structure will determine your ownership, the number of stockholders, and more. Although Dubai Mainland offers several legal structures, an LLC is the most sought-after legal structure.
4. Applying for The License
After finalizing your activity, reserving your trade name, and charting the legal structure, it is time to apply for the license. For this, you will have to submit the relevant documents to the Department of Economic Development or the DED in Dubai.
5. Renting an Office
Renting or leasing an office space is optional since not all business activities require a physical office. You can carry out some business activities remotely. These include activities like social media marketing, digital marketing, and more. However, if you have to rent an office space, you will have to enter into a contract with the landlord. Furthermore, you will have to register the same with Ejari.
6. Apply for Relevant Visas
As an entrepreneur, you may feel the need to hire employees who will assist you in running your business and expanding it. You can hire employees from within the UAE or even outside it. However, if you plan to hire employees from outside, you will have to sponsor their visas. Additionally, if you plan to call your spouse or dependents, you will have to apply for their visas as well.
Note.: This is only a general overview of the process. You may have to apply for additional permits or do a couple of extra things depending on the choice of your trade activity and license. Shuraa experts can guide you through this process for the seamless formation and Mainland company registration in UAE.
What Documents Do You Need to Start a Mainland company Setup in Dubai?
Following are some documents you will have to submit to the relevant authority:
- Passport copy of the shareholders.
- Entry stamp or Visa page.
- Passport size photograph.
Note.: You will have to submit a couple of other documents depending on the type of activity you choose to perform. Shuraa’s mainland company formation services can help you understand the exact documentation requirements. Our experts will also ensure that your documents are in place.
Start Your Company in Mainland Dubai With Shuraa
Setting up a mainland company formation in Dubai is easy and hassle-free. This is true, especially when working with a reputable and well-versed business formation team like Shuraa. Consultants from the Shuraa India branch will assist you in the formation process, taking care of every little thing at each step. Therefore, do not hesitate to visit our Indian offices or contact our team for more information on how to start a mainland business setup in Dubai.