Over the years, Dubai has gained a reputation as one of the most renowned business hubs in the world. Today, entrepreneurs from around the globe want to establish their businesses in Dubai. And the best way to do so is to secure a Dubai Mainland License.
Mainland company formation in Dubai is one of the most popular choices among entrepreneurs around the globe. Moreover, given several outstanding benefits and an affordable mainland company setup Dubai cost, Dubai mainland license is a go-to option. If you are one of those entrepreneurs willing to reap high profits from the Dubai markets, you should definitely set up a business in the Dubai mainland region.
Types of Dubai Mainland License
The Dubai government offers 4 types of Dubai mainland licenses.
1. Commercial License
A commercial license is suitable for those who want to trade in goods. If you are willing to open an LLC, you can apply for a commercial license.
2. Professional License
A professional license is suitable for you if you’re a freelancer or an artist and want to promote/sell your services in Dubai.
3. Industrial License
If you are willing to start a manufacturing business in Dubai, then you should apply for an industrial license. You can also go for an industrial license if you’re willing to set up a machine or chemical factory.
4. Tourism License
Since Dubai is a reputed tourism destination, and the tourism sector is a significant contributor to the economy, the government decided to roll out a dedicated license for those who want to go for a tourism mainland company formation in Dubai. So, if you’re willing to open a travel agency or travel company in Dubai, you can apply for a tourism license in Dubai.
How To Get a Dubai Mainland License?
Now that you know the types of Dubai mainland licenses, you can select one per your business’s nature. However, you must be well aware of the registration process to apply for one.
Step 1 – Select the Legal Structure
Do you want your company to be a sole proprietorship, public or private partnership, an LLC, a branch of a GCC or international company? The legal structure of your business plays a vital role in selecting your business name and determining your business activities.
Step 2 – Determine the Nature of Your Business
Next, you decide the nature of your business. On the basis of that, you must then select your business activities. The Dubai government offers a wide variety of 2000 plus business activities. You have the liberty to choose ten business activities on one license.
Step 3 – Trade Name Reservation
The third step is to decide on a suitable name for your mainland company formation in Dubai. You must comply with all the legal name terms and conditions before submitting the final name with the DED. After registration, secure your trade name registration slip which is helpful for the process ahead.
Step 4 – MoA and AoA
Next, draft the Article of Association and a Memorandum of Association. Get it signed by every business partner in the presence of a public notary. An LSA (Local Service Agent) can help you draft these contracts.
Step 5 – Apply for Initial Approval
Now that you have completed the significant steps, you can apply for initial approval to get your Dubai mainland license. Fill up the application form and attach the necessary documents. Submit it with DED and wait while the authorities inspect them. You will get the initial approval to set up your business in the mainland region if all is in place.
Step 6 – Secure an Office Space
You cannot apply for a Dubai mainland license without a physical office. So, you must rent a physical office in the UAE. You will have to mention the official address in all your business-related documents. Make sure to check if the place you select complies with the rules and regulations set by the government. Furthermore, the best part about mainland company formation in Dubai is that you can set up your office anywhere in the country.
Once you have rented a suitable place, register with Ejari to get your tenancy contract and unique Ejari number.
Step 7 – Apply for Dubai Mainland License
Wrap up all the paperwork, attach the documents to the license application, and submit them with the DED. Moreover, ensure to double-check all the necessary documents before submission, or else you’ll have to re-submit them and go through the whole process again. Once your papers are thoroughly inspected and the officials are satisfied, they will grant your Dubai Mainland License.
Step 8 – Pay the One-Time Fee
Once you get your Dubai Mainland License, pay the one-time fee within 24 hours of receiving it. Use the payment voucher link shared by the DED officials over mail to complete the transaction.
What is The Dubai Mainland License Cost?
If you plan to set up an LLC company in the mainland region, the Dubai mainland license cost can be anywhere between AED 10,000 to AED 30000 for you. This amount can vary as per your business’s legal structure, nature, and size.
What are The Benefits of the Dubai Mainland License?
There are several benefits of procuring a Dubai mainland license. A few significant advantages are as follows:
- 100% expatriation of capital and profits.
- Set up an office anywhere in the country.
- Also, get access to local and international markets.
- It is not compulsory to pay customs duty.
- 100% exemption from corporate, personal, or income taxes.
- Moreover, enjoy zero currency exchange restrictions.
- Ease of business setup.
- Ample business opportunities.
- Furthermore, leverage the strategic geographic location benefits.
Get Your Dubai Mainland Licence Through Shuraa
There is no doubt in the fact that Dubai is one of the best locations for setting up a business. Moreover, it is easy to set up a business in Dubai with all the facilities and government support. And now that you know the benefits of the Dubai mainland license and registration process, you can easily procure a Dubai mainland license at a low cost.
If you are still confused about anything, you can reach out to the company formation experts at Shuraa Business Setup. Our experienced team can walk you through the process of mainland company formation in Dubai, help you create a detailed business plan, and help you gather the necessary documents.
If you’re worried about getting a Dubai mainland license, don’t! Our business set-up consultants can acquire your Dubai mainland license in a matter of 3 to 4 working days, while being cost effective. All you need to do is call us and tell us your requirements, and we will take care of it all.