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Sheikh Zayed Road
Sheikh Zayed Road is rightly the most popular and busiest highway in Dubai. It’s a highway that links two of the largest cities in the UAE - Abu Dhabi and Dubai. It has tall business skyscrapers, business hotels, proximity to the World Trade Centre, Exhibition Center, and Dubai Financial Centre. The Dubai Metro Red Line runs from Rashidiya in the east to Jebel Ali in the west and travels parallel to Sheikh Zayed Road for most of its length.
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DIFC
This leading financial center is a 110-hectare district dubbed as the ‘gateway to growth.’ Besides a thriving commercial zone, it is a vibrant residential community that is lively and ideal for those seeking a modern suburban lifestyle. It is a central global financial hub within the suburb of Dubai and in proximity to Downtown, Dubai Mall, Burj Khalifa, and Business Bay area. It is home to a few award-winning international restaurants
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Bur Dubai
Popularly known as Bank Street, there is a bank on almost every corner of the road, making another strong point for renting office spaces in Bur Dubai. Dubai Frame is a well-known tourist attraction in the area. A majority of the consultants and government offices are located here.
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Deira
Deira is the oldest and busiest souks in Dubai and is a well-known trading hub. It’s also known as the commercial hub of Old Dubai. Commercial properties include shops, offices, warehouses, commercial buildings, and showrooms for rent at affordable rates.
Mainland Company Incorporation in Dubai
Dubai Mainland is one of the most preferred destinations for company formation. A huge number of foreign investors are flocking to the region with the aim of starting a business. It can be a highly lucrative investment option for business entities. The businesses are allowed to operate in a geographical area permitted by the DET (Dubai Economy & Tourism). A Dubai mainland license gives people the opportunity to operate their business inside the UAE and internationally without any limitations. These licenses are issued by the Dubai Economy & Tourism (DET). Once the license is issued, you can start your business operations in the UAE.
Mainland company formation in Dubai, UAE gives you the freedom to expand your business to different parts of Dubai and across the country. Those who wish to start a company in Dubai mainland must obtain a Commercial, Industrial or Professional license to conduct business activities. Bizvise provides the best consultation services for acquiring Dubai Mainland license and starting business operations in popular locations of the UAE. We help you save time and cost of obtaining the trade license, which is issued by Dubai’s Dubai Economy & Tourism.
Bizvise offers unique, comprehensive, hassle-free and affordable business setup solutions for new businesses in Dubai Mainland. Our team of professionals in Dubai will provide you with expert guidance and complete support throughout your business setup process. We also provide a reliable local sponsor for your mainland business setup.
Our services include acquiring trade licenses, PRO Services, VAT & Accounting, Bank Assistance, Virtual Office, Protecting business/ investor’s rights etc. Without the proper guidance and expertise, you won’t be able to start a business. So we create effective business solutions based on our customer requirements and make sure that all the needs are fulfilled.
There are many features that make Dubai mainland an attractive destination for the investors around the world who want to setup a business. These features include tax incentives, freedom to trade, import duties and much more.
Benefits of Mainland Company Formation in Dubai
- Freedom to trade across Dubai and in UAE
- Zero Taxation- none in the case of corporate or personal tax
- No limitation in getting employment visas
- Easy recruitment process
- Ability to trade internationally and expand your business presence
- Low import duty
- No restrictions on processing legal documents
- Ease of getting affordable space with flexible rent or lease for office anywhere.
- Work along with government bodies
- Control the business from all parts of the UAE
- 100% repatriation of capital and profit is possible
Select a Local Sponsor in the UAE
For the mainland company setup, you will need a local sponsor who is an Emirati (UAE national). The local sponsor will own 51% of the business shares and the remaining percentage of the shares rests with the owner. The expatriate partner can also be the managing partner of the company and hold 100% operational power. An agreement must be signed with the local sponsor that states the official responsibilities of the sponsor about your business and other terms and conditions.
Draft a Memorandum of Association
Local service agent’s NOC is mandatory to start your business activity in Dubai Mainland. Draft a Memorandum of Association (MOA) that specifies the operational guidelines of your company which includes the purpose, capital, share details, etc.
Obtain Initial Approval from the Dubai Economy & Tourism (DET)
DET is the authority that performs the notarization of MOA and issues regarding initial approval. You can take the help of a professional business consultant to get things done on time.
Trade Name Registration
Choose an appropriate trade name for your business and get it registered with the Dubai Economy & Tourism (DET). There are a set of naming conventions created by the authorities. So you need to follow all the instructions and do proper research to make sure that the name isn't already in use. DET has the right to alter or reject the name if it has already been used by another company.
Office Space Requirement
Office space is mandatory for mainland business setup in Dubai or UAE, especially for obtaining a trade license. The authorities will accept the information regarding the ownership agreement or tenancy contract as evidence of a registered office address.
Apply for Trade License
After going through all the above-mentioned steps, you can apply for a trade license. DET will issue your mainland license after checking your documents.
Pay License Fee
Submit all the necessary documents related to company formation to the Commercial registration department and DET and pay the license fee.
Get Your License
Get your trade license from the DET. The application will be processed by the concerned authorities. Once they have accepted all your application and documents, a trade license will be issued.
If you aren’t sure of the incorporation processes or find it too complicated, it is ideal to take the help of a professional business consultant in the UAE. This will make sure that all the legal issues are handled carefully. Bizvise Business Setup will help you set up your business in Dubai Mainland in a hassle-free manner.
Top 5 Business Locations or Areas in Dubai Mainland to start your business
UAE has one of the most open and dynamic economies in the world. Several global business indexes have recognized the advantages that UAE brings to international business. The emirates of Dubai have always been a solid commercial hub in the UAE.
If you are thinking about Mainland company formation in Dubai, you need to have a basic understanding of the various locations that encourage business activities. Below are the top five areas/districts where you can rent your office space and start your business in Dubai. You can choose between fitted, furnished, unfurnished and partitioned office as per your requirements.
Business Bay
The Business Bay is located strategically in proximity to many of Dubai’s famous commercial and residential hubs, including Downtown Dubai, Jumeirah and Dubai Mall. The Industrial area of Al Quoz is located at the north of Business Bay and the new, contemporary Al Habtoor City is across the Dubai Canal. It’s a short drive from DIFC, Jumeirah, and Sheikh Zayed Road, making it a great location.
As per news reports, Business Bay has 17,000 operating companies in 2021, 69% are Commercial, followed by 29% Professional, and the remaining are related to Tourism and Industry.
In terms of legal forms of the active licenses in Business Bay, Limited Liability Company (LLC) ranked first at 58 percent, followed by Sole Establishment (23 percent) and Civil Company (9 percent). The legal forms also include One-Person Limited Liability Companies, Branches of Foreign Companies, Branches of Companies based in other Emirates, Branches of Free Zone Companies, Branches of GCC Companies, Public Shareholding Companies, Government Liaison Offices, General Partnership, Limited Partnership, and Private Joint-Stock Companies.Business Bay is part of the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, as it forms a new quasi-city within the city of Dubai. It was built to be a private, commercial and residential complex and a further extension of Dubai Creek from Ras Al Khor to Sheikh Zayed Road.
Jumeirah Lake Towers (JLT)
It consists of high-rise skyscrapers in 20 plus clusters of three buildings. It is one of the freehold areas of Dubai and has its pet-friendly park called JLT Park. The community offers direct access to Sheikh Zayed Road that makes the rest of Dubai more reachable. It is also next to the upscale Emirates Hills development, close to Meadows Dubai, The Springs, and Jumeirah Park. The closest mall to JLT is Dubai Marina Mall, located just across Sheikh Zayed Road. With a vast selection of international stores, this mall is perfect for the cosmopolitan residents to indulge in shopping. Other shopping malls near JLT include the Mall of the Emirates in the Barsha area, 15 minutes away, while Ibn Battuta Mall is just 10 minutes away.
The DMCC Free Zone was set up in JLT in 2002 (as Jumeirah Lake Towers Free Zone). DMCC Free Zone is a Government of Dubai Authority and is home to 18,000+ companies as per 2020 DMCC Annual report.
Company Formation in Dubai Mainland Packages
Frequently Asked Questions
Frequently Asked Questions on Dubai Mainland Company Formation- Free Zone Company
- Mainland Company
- Offshore Company
- 100% foreign ownership
- Zero Taxation (corporate or personal tax)
- Low import duty
- World class infrastructure
- Limited restrictions on a minimum capital requirement
- No yearly auditing
- No restrictions on processing legal documents
- No limitation in getting employment visas
- Ease of getting affordable space with flexible rent for office
- License Application
- Attested LLC agreement
- Name reservation and initial approval certificates
- External department’s approval
- Tenancy contract
- EJARI registration certificate
- Copy of NOC for partners
- Dubai Chamber of Commerce and Industry Registration