Dubai is one of the most glamorous places and hassle-free cities to set up a business. With the lowest tax rate and easy to get licenses, business set up in Dubai mainland has become all the more accessible and allows companies to trade within the country and across markets internationally as well. If you are planning for a mainland company formation in Dubai, it is advised to do the company formation process with a set-up consultant and we do just that by helping you achieve your goals to set up business in Dubai. Read on to find out more information about the mainland Company set up in Dubai.
To start a business in the Dubai mainland, you must obtain the Dubai Mainland Co-working License by the Dubai Department of Economic Development (DED) and abide by the government. The Dubai mainland license allows you maximum freedom and flexibility to grow your business and operate them across the globe but the business must be located under the geographical limit (areas that are covered by the jurisdiction of the Emirati Government).
A Dubai mainland company can only exist if sponsored by a UAE national as a Local Partner or a National Service Agent. Foreign investors can start their business where 51% ownership belongs to a UAE national and the 49% goes to the remaining owner or shareholders.
A commercial license is owned by 49% by the expat and 51% by a local sponsor. Expats will get full authority to operate the business and day to day activities. Through power of attorney, the UAE national sponsor will transfer responsibility to the foreign owner to operate the business without the local sponsor. A yearly fixed income will be shared with the UAE national.
A general trading license allows the businesses in the Dubai mainland perform all of their trading activities under one license. General trading companies can operate business in a variety of industries from mechanics, food, and chemicals.
Businesses wanting operate service-oriented activities can opt for the DED Professional License. This license is also suitable for skilled professionals holding a degree and having industry experience in a specific profession. This license allows 100% ownership for foreign investors, permitting them the advantages of a sole ownership. But it is still mandatory to appoint a UAE national as a local service agent to complete the judicial formalities.
Have any doubts or got questions about our services? Reach out to us by filling the form below and we will get back to you ASAP. We pride on fast responses and on time services.
