9 main steps for setting up a UAE mainland company
UAE mainland is among the top choices of foreign investors and business owners. It offers you a complete sense of freedom to start your new business or set up your company anywhere in Dubai or any other emirate in UAE. in this essay we will tell you the main steps for setting up your UAE mainland company:
1-Select Your Business
There are thousands of business activities listed by the Department of Economic Development of UAE. The first thing you need to decide when you are planning to start a Mainland BusinessSetupin Dubai, UAE is that you have to select the industry in which you will trade from among the huge list of industries. Some of these include:
- Agriculture
- Hospitality
- Manufacturing
- Trade
- Real state
- Import and export
- Construction material industry
Unlike other business setup companies that allow you to work in a restricted or selective location, Mainland Company in UAE allows you to have the access to work anywhere in the whole of UAE. Also, mainland businesses are free to trade in any of the listed companies by the Department of Economic Development in UAE.
2-Select a Name For Your Company
Then, you will have to select a company name for your business that will convey your professional values to people. Only full personal names can be selected as your company name. Names must be written in a way they are sounded out or pronounced rather than in translated form.
3-Select Best Suitable Location
After you have selected your business activity in which you are willing to work, next is the step of selecting an ideal location for your office. Dubai mainland companies have no restriction of a specific or selective area. You can operate your office anywhere in UAE.
The ideal and correct location depends on factors, such as budgeting and your selected business activity. One more benefit of setting up a business in Dubai is the facility and ease of setting up branch offices. This means that your business is not restricted to one place and can expand and grow further in many locations and in this way it can make up a large local presence with passing time.
4-Determine Legal Structure of Your Business
There are many types of businesses in the UAE that can be started by the new foreign investors in the UAE mainland. The most popular and common business structure is a Limited Liability Company (LLC).
What Is LLC?
An LLC is an independent legal entity that is owned by two or more shareholders. A business company with a license of commercial or industrial nature must form an LLC to startup a company in the UAE mainland. It will further need a local agent.
5-Apply For Your Mainland Trade License in Dubai
Then is the step of applying for a trade license for your company. You have to complete all the steps of documentation and paperwork. You also have to tell the ownership percentage among all partners and shareholder visas.
6-Secure your office location
As long as you have a trading license now you have to secure a location for your company office. The offices in the UAE mainland are usually owned by a third party that facilitates you and provides you with everything that is needed to move in immediately.
7-Apply For Visas
The next step is to apply for your Visas. The number of visas you have applied for should match the amount of office space you need.
8-Appoint A Local Service Agent
Foreign investors can only a Dubai Mainland Company Registration by making a partnership with either a local service agent. If your business or company owns a commercial or industrial license as an LLC, a local service agent is must needed.
Your local service agent can either be a UAE national or a UAE-based company. In both cases, the local service agent must own 51% of the business to form a UAE mainland.
9-Partnership With Company Formation Consultant
While setting up a mainland company in the UAE, is needed to have a deep understanding of the legal and company formation procedure. Developing a partnership with a UAE-based consultant helps to reduce the stress of MainlandCompanySetup Dubai to its minimum for new foreign investors.
A business consultant can deal in the best way with you and completely understand your business goals and ideas. It will help you feel secure in setting up a new and successful business in the UAE mainland.