Mainland Company Formation in Dubai.
A Mainland Company in Dubai also describes as an LLC Company or a Limited Liability Company. The Department of Economic Development (DED) is the License Registration authority in Dubai. DED will ensure the company formation process should be easy. The DED License is one of the most flexible options to start up a company in Dubai. An LLC Company gives a huge scope to do business all across the world.
A mainland Company in UAE needed a local Partner of 51% shares. This Local Sponsor can be a person or company. Rest 49% divided foreign Investors.
Elegant Service offers Business Setup Services for more than ten years in Dubai. We have been formed more than 100 companies in the UAE.
We have a team of trusted local sponsors. These local will take annual service charges. These local partners will act as a legal partner in your company. While they do not involve in banking and daily work of the company. This is a common practice in Dubai. So this local sponsor will not act as an active business partner in the company. they will get fix service charges for sponsorship.
Types of Trade Licenses in Dubai.
DED has several types of license in Dubai. We can divide a trade license as per business activity. Broadly we can classify the Dubai mainland license in following.
- The Services License.
- The Trading License.
- The Industrial License.
Benefits Of A Mainland Company Formation.
- Dubai mainland company has a wide range of business activity.
- A mainland company has the freedom to choose an office location. The office area should be a minimum of 200 Sq. Ft.
- Now DED issue trade license without having an office tenancy contract.
- A Mainland Company does not have a restraint on visa quota. Mainland company is the best option for big firms.
- Dubai based mainland company has extremely usable to do business all across the UAE.
Factors to keep in mind before the business startup.
Cost breakup for setting up a mainland company in Dubai.
- First of all Trade Name Booking
- secondly Approval from DED.
- after above MOA Agreement typing in English and Arabic.
- Notarize the MOA.
- During this, you need to do an office lease contract.
- finally The Trade License issuance.
- Company Immigration card.
- Company Labour card.
The normal time required to register a mainland company in DED will be 4-5 Days. But sometimes it may take extra time due to office contract making. While Instant license could get from DED with 5 minutes without having an office lease contract.
- Passport Copy of all Partners and Investor.
- Proposed Name for Company at least 3-5 suggestion.
- List of Business activity neede to include in trade license.
- NOC from current sponsor if on employement visa.
- Residence visa copy or Visit Visa Copy.
Note: If you have intent to set up a company Dubai mainland. So please feel free to contact us. Thus we will fix a meeting with our business executive. We will help you to understand your requirements.