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Dubai Mainland company setup is famous for its business friendly infrastructure and facilities. Dubai mainland company formation is still the first preference by most of the establishments when establishing their business in Dubai. Company Formation in Dubai Mainland is very interesting and time consuming task; we provide best PRO services in Dubai offers the best services for Dubai Mainland company setup.
So why is mainland such a lucrative area to set up in Dubai?
Dubai Mainland is the total geographical area which is permitted by the DED (Dubai Economic Department) to all the private business entities and their representative to operate commercial business functions. These are prime locations where a foreign business owner can work, for example, international chains of food, luxury goods, car makers, etc.
Dubai holds several advantages for modern businesses. The developed banking and economic sectors have attracted investors to set up business in Dubai and the UAE. LLC company formation in Dubai is an effortless task if one abides by the law. One of the most important aspects while setting a corporation in Dubai is to decide upon the type of legal entity you want to establish. It may depend upon the product, location, strategic objectives, and where you are going to operate your business – locally or internationally. In the UAE, a company can be formed under 3 jurisdictions, namely, Mainland, Free Zone, and Offshore. This blog is dedicated to providing information on how to form a Limited Liability Company (LLC) in Dubai, which is a standard type of company in the UAE mainland. The LLC company formation in Dubai is one of the more predominant types of business structure in the UAE. Forming an LLC company in Dubai requires a minimum of two and a maximum of 50 shareholders.
As per the Business Incorporation laws of UAE in LLC company formation in Dubai, a Foreign Owner can hold only up to 49% of the business, if set up is in Mainland and a UAE national mandatorily holds 51% of total equity except in the following cases: Activities with 100% GCC ownership; Instances where GCC companies enter into a partnership with UAE National; Where the law requires 100% local ownership; Businesses located in Free Zones
Requirements for Dubai Mainland Business Setup
A verified office address from Dubai Municipality is required when setting up business in Dubai. The requirement of office space for mainland company formation in Dubai, can be varied based on the type of license the investor is looking for and it is investor’s responsibility to ensure a valid tenancy contract for an office is available at the time of applying for the license of Dubai mainland company.
There are 6 main steps involved in Dubai mainland company setup. However, there are some activities which Mainland setup requires special approval from some specific Government departments. The main 6 steps involved for company formation in mainland are:
Selection of Local Partner or Service Agent
Preparation of Court Notarization and MOA
Final Submission for Mainland company formation in UAE
The professional consultants at Business Link support our clients to select the most appropriate decision in business setup and guide them through complete procedures of Dubai Mainland company formation and Dubai Economic Department company registration.
What are the Types of Business Licenses Available in Dubai?
The Department of Economic Development (DED), Dubai is the main licensing authority that issues licenses for all sorts of business activities in Dubai. A major prerequisite for all business licenses is to choose the suitable license category from the following 3 categories of licenses:
Dubai Commercial License
Dubai Commercial License includes all kind of trading activities. It is a type of Limited Liability Company (LLC). As per Article 22 of the Companies Law, specifies that there should be minimum 51% shares of the UAE National. This commercial license will have a local Emirati (Dubai Local Sponsor) who will hold 51% shares in the company and for which Local Emirati will be paid annually. The local sponsor can either be an individual or a corporate sponsor.
Dubai Professional License:
It is a type of Sole Establishment or a Civil Company depends on No of investors/partners. The license holder is permitted 100% foreign ownership. In order to obtain this license a UAE national must be appointed as Local Service Agent but he will not hold any share in the company. The sponsorship fee is paid on a yearly basis.
Dubai Industrial License
For setting up a manufacturing or industrial activity
Ownership of shares within the company is dependent on type of investor. A Local sponsor in Dubai must own at least 51% of the firm’s equity is the minimum for UAE national while a foreign investor must not own more than 49%. The required capital to form an LLC in Dubai is AED 300,000 (US$ 81,744) and can be contributed in either cash or in kind. However, the required capital in the other Emirates is AED 150,000 (US$ 40,872). The distribution of profit or loss can be agreed upon while the responsibility of managing of LLC can either be vested on the national or foreign partners or even a third party. Shares of LLC are neither open for public subscription nor can they be issued as negotiable.
An LLC is not allowed to offer insurance, business banking or money investment services on behalf of others.
corporate PRO services in Dubai offers a professional service provided by our team of experts that have all the expertise and know-how that is required to submit your documents consistently and accurately, making the process faster and more cost effective. Global Corporate PRO Services is a one stop shop for all government services in the UAE. We offer a range of high value PRO and government services that can assist all types of companies and ventures to focus on their business plans, while we clear the path with streamlined license, visa and government services. We are Corporate PRO services company in Dubai, We guide our client to decide on the correct location for fixing a corporation and incorporate company compliant with all legal procedures. A Product Registration in Dubai is mandatory before distributing in the local market. Any company that wants to import, manufacture, distribute or sell any cosmetic product must independently register that product. Registration validity is on a company level, and requires presence of a Valid Trade / Industrial License in UAE with a related activity. The product must comply with the recommended health & safety specifications highlighted in CPSS (Consumer Products Safety Section). Only then Product Registration Certificate is issued. In case the product gets rejected, the Product Assessment Report is issued and such product is not allowed to be distributed in the local market (not approved product). Forex trading essentially means the buying or selling of currencies simultaneously. The exchange of currencies between different countries is inevitable and the main reason why the forex market is the largest and most liquid financial market in the world. There is no designated centralized marketplace for Forex trading in Dubai but is rather executed electronically over-the-counter (OTC), which means that all transactions are carried out via computer networks between investors worldwide. Also the forex market remains open 24 hours a day and five days a week with the starting of the Asian session till the closing of the US session. Hence the market remains highly volatile at all times with fluctuations in prices within no time.
Offshore or on-shore company in Dubai
The procedure for opening an offshore company in Dubai differs very much from the one necessary for incorporating an on-shore company. If you're not sure at this stage which one you need, please consider the following: A) An offshore company ( Ajman offshore company formation ) does not have any special requirements or limitations regarding the owners/shareholders of the company while. b) An onshore company does not allow full foreign ownership (the company requires a local "sponsor").
DWC company formation (Dubai World Central), is one of the strategic business hubs developed by the Government of Dubai. Today, the Dubai South Free Zone (prev. Dubai World Central Free Zone) is the largest and leading global trade, business and aviation hub. The Dubai World Central (DWC) was renamed to Dubai South not too long ago and to reflect the strategic location of the free zone. The Dubai World Central (DWC), now Dubai South, is located on 140 square kilometers of multipurpose area right next to the Jebel Ali Sea Port. The Dubai South Free Zone headquarters is closely located to Al Maktoum International Airport, Logistics District, Business Park, Aviation District, Commercial District, Residential District, Golf District, Exhibition District, and Humanitarian District. The Dubai South Free Zone international airport is strategically located to provide convenient logistics and shipment around the GCC, Middle East, and the entire world. A company formation in Dubai is great choice because Dubai is a land of many opportunities. With llc company formation in dubai you can take your business to a new height. Starting a new business in Dubai is now easier than ever especially with the help of a professional business consultant. B2B Document Clearing is a trusted company for llc company formation in Dubai and UAE by many clients. As our mission is to provide efficient, cost effective and personalized service with the highest quality service possible. If you are planning to open a new business, Dubai Limited Liability Company (LLC) is the ideal business set up for new entrepreneurs. A Hamriyah company formation; then a local agent is mandatory. 51 % of the business will be owned by the sponsor, hence choosing the right partner is crucial.