All You Need to Know about Mainland Company Registration in Dubai


Posted February 22, 2023 by legalinz

Mainland companies in Dubai have various advantages, such as access to a large local market, greater business flexibility, and the ability to work with government agencies. Keep reading this PR for more information on Dubai company registration.
 
To establish a business on the Dubai mainland, the owner must appoint a local sponsor who owns the majority of the shares, which must be at least 51%. In this case, the local sponsor can be either an individual or a business. As a result, it is required to have a local sponsor. The most significant benefit of establishing a business on the mainland is that it can operate in both the UAE and the rest of the world. The following step will be to register with Dubai's Department of Economic Development. The DED is the main regulatory body in charge of mainland company registration in Dubai.

The following steps can help you understand the business setup process in Dubai Mainland:

● Choose the company's trade name
● Choose the appropriate business activity and legal structure for your company
● Choose a local sponsor or service agent
● Obtain preliminary approval for the company's name and activity
● Notarize the Memorandum of Association/Agreement
● Choose an appropriate office space and sign a lease
● Obtain any additional permissions that may be required (if required)
● Final licence application

Here are the steps to form a Dubai mainland company:

● Determine the type of business activity and legal structure: First, you need to decide on the type of business activity you want to conduct and choose a legal structure, such as a sole proprietorship, partnership, limited liability company (LLC), or branch office.
● Choose a trade name: You need to select a trade name for your Dubai company registration, which must be approved by the DED.
● Obtain initial approval: You need to obtain initial approval from the DED by submitting an application along with the required documents, such as passport copies, visa copies, and lease agreement.
● Lease an office: You need to lease an office space in Dubai, which must comply with the guidelines set by the DED.
● Draft and sign the Memorandum of Association (MOA): The MOA outlines the activities, shareholding structure, and management of the company. It needs to be drafted and signed by the shareholders in the presence of a notary public.
● Obtain the necessary licenses: Depending on the type of business activity, you need to obtain the necessary licenses from the DED, such as a commercial license, professional license, or industrial license.
● Register with the DED: You need to register your company with the DED by submitting the required documents and paying the registration fees.
● Open a bank account: You need to open a bank account for your company and deposit the minimum share capital required by the DED.

Once you have completed these steps, you will receive your company's trade license, allowing you to conduct business in Dubai mainland. It is important to seek the guidance of a professional business setup consultant like InZone to ensure that you comply with all the legal requirements and complete the process smoothly. For more information on Dubai mainland company formation cost, you can visit https://www.inzone.ae/.

Legal Inz
B04-413, Business Center 03, Rakez Business Zone-FZ, RAK, United Arab Emirates., Ras al-Khaimah 72539, United Arab Emirates
800-53425
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Issued By Legal Inz
Phone 800-53425
Business Address B04-413, Business Center 03, Rakez Business Zone-FZ, RAK
Ras al-Khaimah, 72539, United Arab Emirates
Country United Arab Emirates
Categories Law , Legal
Tags dubai company registration , lawyers in uae , power of attorney uae , adjd wills in dubai , wills uae
Last Updated February 22, 2023