Mainland Company Setup

Mainland Company Setup:

The mainland company setup in Dubai will be possible only if the entrepreneur or an individual decided upon the specific business activity or multiple business activities that are able to meet their both current requirements and future plans. Suitable jurisdiction which best suits their chosen activities will be adopted.

Getting a professional mainland license Dubai is easier. Any one of the following licenses is required to set up a business in mainland;

✔            Commercial Trading License

✔            Consultancy license

✔            E-commerce license

✔            Real Estate / Manufacturing License

The following are the various options for establishing an ideal company on UAE’s mainland;

✔            Sole proprietorship

✔            Civil Company

✔            Limited liability company (LLC)

✔            Private limited company (PLC)

✔            Public joint stock company (PJSC)

✔            Branches, regional headquarters and representative offices of foreign companies

✔            Single family offices

After deciding upon the business activity and the business type, the trade name for the new business set up must be finalized. It should reflect the chosen business activity, and it must get approved by the authorities before formal usage. Trade name should be a unique one and it should not be similar with the names of already existing businesses. Further, it must not offend the public morals or the public order of the UAE.

One can check the availability of trade names on the websites of the Department of Economic Development (DED) in every emirate except Fujairah, where it is listed on Fujairah Municipality’s Rukhsati app. Once the trade name is approved and registered, it will be followed by the acronym of the business legal structure.

Office location of the new business set up should be certainly mentioned during the process of registration.

Opening an official governmental file, processing the Establishment Card, applying for the required number of employment and/or residence visas for members of staff and family are further steps involved in the process of new business set up. This also includes the verification, translation and attestation of various documents.

Opening a corporate bank account is an integral part of mainland license Dubai. Businesses are legally required to separate personal and professional funds. The UAE offers numerous choices, from prestigious international banks, well-established local banks and digital-only banks. Each offers distinct advantages to entrepreneurs, start-ups, small businesses, or large foreign corporations.

The mainland company setup in Dubai can be overwhelming affair because it involves the commencement of business activities immediately without any network of alliances and partnerships in place. Therefore, one has to choose the wise employees for managing the business affairs which involve maintenance of various departments such as legal, auditing, accounting and finance etc.