Mainland Company Formation in Dubai
Mainland Company Formation in Dubai, Gives maximum freedom to do business across UAE. Dubai is a financial Capital of UAE. Dubai is also one of the hottest tourist destinations in the world. Therefore, it has a great opportunity for new business in all sectors. In this article, we will discuss the benefit of a mainland company. We will also cover the Procedure to form a mainland company. Additional factors that a business owner should keep in mind.
What is the mean of Mainland Company?
A mainland company is a company licensed under the Department of Economic Development (DED). The Mainland Company is allowed to do business all across the UAE market as well as outside UAE without any restriction.
A UAE National is mandatory in all mainland licenses either as a Local Partner or as a Local Service Agent.
Type of Mainland Company in Dubai
Commercial License: LLC Structure
All commercial license need to have a local UAE national with 51% shares and 49% shares divide in all expat partners.
In professional license: 100% shares are owned by expat partner and one UAE National is appointed as a Local Service Agent.
Note: Local Partner/service agent is responsible for signing all government applications while expat partner is the whole and sole for business operations with no input from the Local Partner/Service Agent unless agreed.
For a Mainland Company Formation in Dubai, the minimum office space required is about 200 sq. fit (approximate). A mainland company also allows choosing the office as per your location in the whole city. Therefore, you can choose a location suitable for your business as well as suits your budget.
Procedure to Setup a Mainland Company in Dubai:
The Mainland Company will be register under Dubai Economic Department (DED). The DED is one of the most advance company registration authorities in UAE.
- Book a Company Trade in DED
- Finalize a Local Sponsor as per Business needed.
- Company MOA between all partners including local sponsor or Service agent as company structure
- Find out an office space suitable for your business and your pocket.
- Apply Trade License Issue from DED
- Pay the license Fee and Get the Trade License
- Apply for Immigration Establishment Card
- Apply for Ministry of Labour Establishment Card (if required)
Elegant Services do all these activities for you, you just need to come to us, and we will help you to find out local sponsor. We also help you to find a suitable office space at your choice of location in Dubai. We will prepare all documents from step 1 to get a trade license in your hand. For more details, you can latest offer Business Setup Package in Dubai