Start A Business in Dubai Mainland – A Complete Guide

Planning for business setup in Dubai? You’ve made a good decision by picking one of the top business ecosystems in the world for your new firm. Dubai is more than just a city of amazing buildings; right now, it is the best place to start a new company. There is no denying that Dubai offers a wealth of untapped possibilities. This article will help clarify everything you need to know and do to register your business in Dubai mainland and get it off the ground if you are keen to start your own business.

As you are undoubtedly aware, Dubai, United Arab Emirates, has three primary business jurisdictions. They do;

• Mainland.
• Free Zone.
• Offshore.

To start a business, each jurisdiction has its own process and set of laws. Let’s learn more about Dubai Mainland today, including how to start a business there.

How To Start Dubai Mainland Company Formation:

Firstly get your business registered with the DED i.e. Department of Economic Development. Let’s now examine the detailed process for Company formation in Dubai Mainland.

1. Choose a Company Category:

The most preliminary step in company formation in Dubai is to think about and choose your business category. You can ask directly at DED’s official website if you have questions or can’t find your type in the official listings of business activities they have published.

2. Select a Company Structure: 

Dubai offers a wide variety of business structures to its firms. This will assist you in choosing an appropriate, current license for your company. The following corporate entities are offered:

• Sole Proprietorship business
• Joint enterprise
• Partnership in general
• Having public shares
• Private shares holdings
• Simple Partnership
• LLC
• Professional Business

3. Getting Your Business Name Registered: 

It’s crucial! You must choose a trading name that is appropriate for the services your business intends to provide. After getting the voucher, you have 72 hours to register the trade name by paying the associated expenses.

4. Obtain Initial Approval: 

At this stage, you need to have the DED’s “no-objection” in order to launch your firm. You will need additional approvals if you want to start a business selling commodities, securities, or legal services.

5. Draft Memorandum of Association: 

Once you have received approval, you must contact an approved organization (such as DED) to draft the document before signing your LSA or Corporate Agent Agreement. These specifications are based on the legal size of the company.

6. Rent an Office Space: 

Now that all firms in the city need a physical office address, it’s time to look for office space in Dubai. You will require your initial approval certificate, lease agreement, and other documents in order to obtain Ejari’s attestation. Once you have Ejari, you can move on to the next step.

7. Obtain a Business License: 

When you have finished the aforementioned processes, you must submit all the necessary paperwork to the DED in the relevant emirate and make the necessary payments. Afterwards, you can apply for a business license. Additionally, the governing body for the type of business you are starting may require you to apply for extra licenses. 

8. Chamber Membership: 

Prior to starting your commercial activity, you must submit an application to join the chamber of commerce in the emirate where you conduct business.

• A certificate of name reservation is a required document.
• Initial approval certificate.
• Tenancy agreement.
• Copies of each partner’s passports (not for a sole proprietorship).
• External departments’ approval.
• A copy of the association’s memorandum.

Why Dubai Mainland Company Formation?

If business owners want to go for mainland Dubai company formation, they have a tonne of chances. Here are a few advantages of mainland company setup, in addition to having unfettered access to conduct business anywhere in the globe and in the UAE:

• No restrictions on residences.
• freedom to rent an office anyplace.
• No restrictions on the amount of office space needed.
• Excellent chance to grow by establishing branches.
• A new license to expand the company on the mainland without opening a branch office.
• No minimum financial commitment is necessary.
• authorization to carry out government projects.
• Simple access to office space.

The regional economy of Dubai is expected to rank among the most prosperous in the UAE. Having your own business entity in Dubai will surely lead to better fortunes in the near future with so many new projects and sectors being established by the local authorities. And by assisting you with Business setup services in the mainland, and a professional license in Dubai, Bizvisor can help you mould your future. Contact us and we will get your process of company formation in Dubai mainland and other business setup services flawlessly.