Business setup in Dubai mainland offers huge opportunities for entrepreneurs. The Department of Economic Development (DED) is the regulatory authority for issuing mainland licenses in the UAE.
A mainland license, also referred to as an onshore license, gives people the opportunity to run their business inside the UAE and internationally without any limitations. The Department of Economic Development (DED) is the regulatory authority for issuing these licenses in the UAE.
According to UAE company law, a mainland company setup in Dubai and the rest of the UAE requires a local partner or a local service agent. The type of business setup in Dubai mainland will determine whether you need a local sponsor or a local service agent.
A local sponsor will maintain 51% of the company shares, however rest assured that as the business owner, you can retain control of the business in exchange for a set annual fee.
A local service agent, on the other hand, doesn’t maintain shareholding authority and instead acts as the company representative in all administrative dealings with government departments.
Our team of company formation specialists will ensure you choose the right jurisdiction and business activity when setting up your mainland company. We advise you on the most economical and suitable options.
Depending on your business activity, you can either select a sole establishment or an LLC. A sole establishment will allow you 100% shareholding whereas an LLC will be 51% owned by a local sponsor.
At Decisive Zone, our team of experts can secure the company name availability and registration. If the company name is not available, we’ll advise you on suitable alternatives.
Your dedicated company formation specialist in Dubai will ensure you complete the license application process – quickly and hassle-free.
If you wish to process visas for yourself or your employees, your relationship manager can begin processing your Establishment Card and labour file.
At Decisive Zone, we have an expansive network of banking experts who will assist you in opening a corporate bank account.
Once this is received the owner can apply for visas.
Our team of visa specialist will assist you with your visa related queries.
If you want to hire employees.
Remember that if you’re a non-Gulf Cooperation Council (GCC) national looking to set up a business with a mainland commercial or industrial license in the UAE, then you will need to partner with a local sponsor. If, however, you are setting up a professional services license, a local service agent will suffice.
The Dubai Economy has recently issued the guidelines for 100 percent ownership for foreign investors started from the beginning of June 2021. These changes are expected to encourage foreign direct investment flows into the vital economic sectors of the country.
Most of the businesses in Dubai are started as sole proprietorship or LLC (Limited Liability Company). Which one might be the best choice for your business? Let’s dive into the difference between sole proprietorship vs LLC.
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105-108 Building 3
Bay Square, Business Bay
Dubai, UAE
