Dubai is the most popular emirate in the UAE when it comes to attracting entrepreneurs from around the world. In fact, the city has been dubbed the business hub of the Middle East. So, why exactly is Dubai so famous for global business? For starters, if you do business on Dubai’s Mainland, then you will have the freedom to do business anywhere in Dubai and the UAE. The city once ran on the oil industry, but now real estate, trade, tourism, and financial services are big industries in the emirate. The trading hub offers entrepreneurs the most liberal operating conditions, tax-free benefits, asset protection, and complete privacy for their company. business setup in Dubai is easy, but with the help of MSZ Consultancy, you can have a hassle-free formation in no time!
At MSZ consultancy, we help small businesses, startups, and even individual businesses to organize or launch their business in Dubai. From planning to licensing, we do it all for you. Talk to our team today to start your business in Dubai.
Business setup in Dubai Mainland is one of the most sought after business locations. Business owners from all over the globe look for business setup here because of the many benefits like no taxes, a business-friendly government, the strategic location, and more. There are several rules and regulations to go through before forming a company on the Mainland. Here are the steps you need to take
The first step to Mainland business setup in Dubai is to decide on the type of business activity you will have. This will determine what type of business license you will need.
Next, you’ll have to find a local sponsor. For Mainland businesses in the UAE, it is mandatory for a foreign businessman to have a local sponsor. The sponsor will act as a sleeping partner and hold at least 51% of shares of the company.
Then, you’ll need to get initial approval from authorities and select your trade name. Your trade name must be unique in order to be approved.
You will have to prepare a Memorandum of Association (MOA) and a Local Sponsor Agreement (LSA) and get them both notarized.
Find a place to rent and get the tenancy contract from the landlord. MSZ Consultancy can help you find the perfect location for your company with our Business Center.
Next, you’ll have to get the approvals from the related government departments. Different business activities may require different approvals.
Now, you’ll have to submit all the required documents to the Dubai Economic Department (DED). After you’ve submitted all the required documents and paid the fees, then you will be given your business license.
Every company in Dubai Mainland and across the UAE is required to have a business license. This is a very important step because your business won’t be legal without a license. The type of license you will need to apply for depends on the type of business activity you have. The Department of Economic Development will issue the license after you’ve submitted the proper paperwork. There are four types of business licenses available in Dubai Mainland.
This is the most common trade license in Dubai. This license includes commercial activities and professional activities. Most entrepreneurs use this license for general trading. With a commercial license, you’ll be able to import and export almost any product to Dubai. You’ll also be able to practice multiple direct trading activities in one license.
A professional license is issued to an individual or a company that relies on their talent and intellectual abilities for their profession. This is meant for artisans, craftsmen, and other professional service providers. Aside from a professional license, you can also apply for other licenses for a particular business. Those licenses are:
An industrial license in Dubai is issued to businesses that take natural materials or natural resources and transform them into the final product. Some of the industries that need an industrial license are:
The Burj Khalifa, Dubai Fountain, Palm Island, and other attractions make Dubai a popular tourist attraction. If you want to get into the booming industry, you’ll have to apply for a tourism license. This will be issued by the Department of Tourism and Commerce Marketing (DTCM). There are three main types of tourism licenses you can apply for in Dubai:
It is a federal law in the UAE that all foreign investors have a local sponsor in order to do business in Dubai Mainland. The local sponsor will have 51% shares in the company. The law also states the legal business categories that can be registered in Dubai. There are six different types of legal forms you can choose from for your business:
This company type is operated by one individual. The sole proprietor will have complete control of the company’s operations and will completely bare the profits and losses of the company. The individual will be fully liable for any debts or obligations that come along with the company.
This company is where one person or corporate owns the entire capital. The name of the company has to be connected to the name of the owner. Only GCC nationals are allowed to establish this company type.
A civil company offers 100% foreign ownership and full access to UAE’s local market. This type of company is usually set up by investors who provide services like doctors, lawyers, engineers, accountants, and consultants.
This is the most common type of legal setup for companies in Dubai. Industrial, commercial, professional, and even tourism companies can be carried out under an LLC. With this business type, there have to be between 2-50 shareholders. 51% of the shares should be owned by a UAE national or a local sponsor.
A branch of a foreign company has to operate under the name of the parent company and provide the same services as the parent company. These services can include professional activities with commercial and industrial activities.
This type of company isn’t a business structure of its own, it’s basically a foreign branch that can conduct promotion of its products and services. Representative offices in Dubai can carry out commercial activities of the parent company.
Don’t just dream about your business in Dubai, make it a reality with MSZ Consultancy. We will help guide you through the entire process, from the paperwork, to the legal requirements, to make sure that you have a hassle-free formation. We have helped thousands of entrepreneurs make their business dreams come true. Don’t wait! Call MSZ Consultancy at +971 52 544 1248 for your free consultation and start forming your Dubai Mainland business today!
We help your business set up in Dubai Mainland by providing you with the financial and legal suggestions you need. We are a team of consultants with over 15 years of experience in successful company incorporation and business setup services in Dubai and UAE. We guide you through the entire process for business setup in Dubai and anywhere in the UAE.
We have strong relationships with government officials and help get you connected with the right people for quick and easy business registration in Dubai Mainland. We start forming your company from scratch and give you the solutions you need to become self-reliant. We also give you financial consultancy and infrastructure guidance.
You won’t find a company with better customer service than the experts at MSZ Consultancy. We provide professional and trusted business advisory services in a cost-efficient way. Our customers are our first priority, and we will tailor our services to fit all your needs.
Trademark registration is an important asset for business owners to protect their work and create more revenue. We can help protect your intellectual properties by providing you with everything you need for trademark registration.
It’s a requirement for foreign investors to have a local sponsor for their business. A local sponsor will help your business with any legal issues and hold at least 51% of shares. We will help you find a trustworthy local sponsor for your company.
We offer PRO services like passport clearance, trade license renewals, notarization of legal documents, family visas, and more!
Each bank in the UAE has different requirements to activate an account. Let us help you open a UAE bank account, so you don’t have any problems.
Some products, especially cosmetics, require registration to assure consumers that your products are safe. We can guide you through the entire product registration process.
It can be hard to find an office for your company when you aren’t familiar with the area. We can help your business find a ready-to-go office complete with furniture and staff. We have strategically placed Business Centers throughout Dubai that are sure to fit your exact needs.
Company liquidation can be stressful, but we can make it an easy process. MSZ Consultancy can help with all the legal aspects of company liquidation to make sure everything goes smoothly.
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