The UAE’s golden visa reforms and widened eligibility criteria ease the mainland company formation in Dubai. The government grants these visas to investors, entrepreneurs, startup owners, and exceptional talents and professionals in various fields. Thus, UK business owners can efficiently operate their enterprises in Dubai, sponsor visas for their families, and leverage the skilled foreign workforce.
Setting up a Dubai mainland company with a supportive government, advanced infrastructure, and a conducive business environment can be a potent move in your entrepreneurial journey.
If you want to know the process, benefits, documents required, and costs of mainland company formation in Dubai, read on.
What Are the Benefits of a Mainland Company Formation in Dubai?
The mainland company formation in Dubai comes with a host of benefits. The following are some of the main advantages:
- The guidelines for conducting business are better and more straightforward in the UAE. As a result, setting up a Dubai mainland business for UK companies requires minimal paperwork.
- As a UK entrepreneur with companies operating on the Dubai mainland, you are allowed to conduct business throughout the country and internationally. This incentive would increase your company’s exposure and worldwide reach significantly.
- UK companies based on the Dubai mainland are allowed to work on both public and private commercial projects. This way, they get to work on a variety of projects.
- If you establish your own company on the mainland, you can access full business ownership and more than 200 business activities to choose from.
- There are no limitations on the number of visas you can obtain.
- Various visa reforms, such as golden visas, make it easier for foreign nationals to live and work in Dubai. They increase the skill pool, making the employment market more versatile.
What Are the Documents Required for Mainland Company Formation in Dubai?
Proper paperwork makes the process of starting a business faster and easier. So, before you begin with the mainland company formation in Dubai, ensure you have all the required documentation. Here are some of the documents:
- Copies of passports and visas
- Two passport-size photographs
- Entry visa and stamp pages
The documents differ from each company’s structure and commercial activities. Based on your business, the Shuraa UK branch professionals can assist you with a detailed breakdown of the complete paperwork.
Steps to Establish Your Company in the UAE Mainland
Although the mainland company setup process is straightforward, UK business owners are advised to carry out each step meticulously to operate their businesses conveniently in the long run. You will comprehend it better if you follow the steps listed below:
1. Identify the Nature of Your Business Activity.
Dubai’s mainland allows you to choose from more than 200 commercial activities. So, you have a plethora of choices. Moreover, a single business may engage in multiple commercial activities. Your chosen line of business will also determine the legal structure and type of license you need.
On top of it, starting a business requires a lot of hard work and expertise. Therefore, choose the business idea that most satisfies you.
2. Register a Trade Name
One business can be distinguished from another by its trade name. Moreover, it represents the character and structure of the company. So, your business’s name must be simple to recall and recognise.
Additionally, a respected and lawful name won’t land you in legal complications. Considering this, decide on a name, then register it with the appropriate authorities.
Note: The UAE government has established guidelines for company names. Our business setup specialists can help you with the regulations and name availability, ensuring that your company’s name is acceptable.
3. Determine Your Company’s Legal Structure
The primary factor influencing a company’s structure is its operational needs. Furthermore, determining what rules and regulations are applicable is based on the company’s legal form.
So, select a structure for your business accordingly. The legal form could be a sole proprietorship, a Limited Liability Company (LLC), or a branch office of a foreign enterprise.
4. Apply for Initial Approval.
An initial approval signifies that the UAE government has no issues with the company’s establishment on the mainland. Moreover, it enables the UK entrepreneur to move on to the subsequent steps of Dubai mainland company establishment.
But remember that it does not give you the right to operate or engage in any business activity. Moreover, before submitting for the initial approval, certain commercial activities need extra approvals from governmental bodies connected to that specific business.
5. Apply for the License
The UAE law mandates businesses to get trade permits. Furthermore, having a trade license for your company simplifies it to register a corporate bank account. Businesses in Dubai are permitted to get a wide variety of business licenses, such as industrial, commercial, professional, tourism, agricultural and occupational.
So, to apply for a business license, choose a relevant license, submit the appropriate paperwork, and pay the fees. You can apply for the license necessary for your business operation with the assistance of our consultants.
6. Choose Your Business Location.
In order to function, any company in Dubai needs a physical address. So, pick a physical office for your business, such as flexi desks, smart desks, or co-working spaces. Additionally, you must decide whether to rent or lease your office and warehouse(s). Consider your commercial activities, staff size, the amenities needed, accessibility, and budget to select the office space.
7. Get Your Trade License
You can get your trade license once you complete all the stages and the pertinent authorities verify and approve all your paperwork. You can now run your mainland business setup in Dubai.
Besides the stages mentioned above, our skilled team can assist you with your bank accounts, Memorandum of Association (MOA), and visa eligibility.
What Is the Cost of Mainland Company Formation in Dubai?
Many factors decide the mainland company formation cost in Dubai. They include the licenses, the number of visas, extra approvals, office rent, license fees, additional expenditures, and more. Therefore, it is challenging to come up with a specific number.
However, to give you a general idea, the cost to register a corporation may be around AED 23,000. Our knowledgeable advisors can come with the exact cost for you, ensuring you stay within your budget.
Start Your Mainland Company in Dubai With Shuraa
The mainland company setup in Dubai is simple with the Shuraa UK Branch experts. With the help of our seasoned and well-informed specialists, we will optimise the entire mainland company formation procedure for you.
In addition, if your company has special requirements, we can provide tailor-made business setup solutions exclusively for you. Kickstart your mainland company with us right away!