Mainland Dubai Company Formation

Types of licenses available at a Mainland Dubai Company Formation.

Types of licenses available at Mainland Dubai.

Mainland Dubai company formation – List of external approvals needed for licenses.

There are a few business activities that need external approvals as below

• Business Activity = Licensing Ministry/Department
• Engineering & Construction = Dubai Municipality
• Medical Pharmacy = Dubai Health Ministry
• Financial Institutions, Banks, Money Exchange = Central Bank of the UAE
• Agriculture, Vets = Dubai Agriculture Ministry
• Legal Advisory Services = Ruler’s Office
• Telecommunication Equipment = Ministry of Communication
• Education, Training = Education Ministry
• Publishing, Printing, Newspaper, Advertising, Video Film, Photography Ministry of Information
• Air transport, Air Cargo = Department of Civil Aviation
• Customs Clearance, Freight Forwarding Sea Cargo = Seaports and Customs Authority

Dubai Mainland is home to many Limited Liability Companies or LLCs. In order to set up a flourishing LLC business, it is important to complete the lengthy regulatory formalities and documentation. Clearly, this needs the expert hand of a capable agency like EBS to help you out with the numerous compliances to fulfil.

Forming an LLC provides multiple advantages

• Get trading opportunities with companies beyond the UAE.
• No need for a security deposit for a visa for LLC owner in Dubai.
• Global standards in corporate infrastructure makes LLC formation in mainland Dubai a positive experience.
• No minimum capital stipulation for LLCs.
• Local UAE sponsor has no say in business dealings thus providing you with a free hand to run your business, your way.
• Access to inexpensive loans made easy for LLCs.

• Between 2 to 50 people can set up an LLC.
• Share capital of AED 300,000 or more is sufficient to get your mainland Dubai LLC registered and operational.
• A UAE national needs to hold atleast 51% of the share. He is paid an annual sponsorship fee. He will not take part in daily operations or profit sharing.

The Department of Economic Development (DED) provided licenses for registering an LLC in Dubai. It needs the below details for this purpose

• Company name and complete registered address.
• Names, nationalities and other details of the shareholders and their capital contribution.
• Names, nationalities and other details of the managers.
• Details of Profit and Loss and other financial statements of the company.

If you are the sole business owner then it makes sense to go for sole proprietorship in Mainland Dubai. In this model of business, the proprietor is the sole owner of the company and bears total liability for all obligations or debts owed by the company.

There might be a confusion that if a UAE national is needed to sponsor a sole proprietorship, how can it be a single person ownership? The reasoning is simple – a UAE sponsor is just a sleeping partner needed to register the company in mainland Dubai. He will not take part in daily operations, nor be a part of a profit-sharing model. All profits and losses are to be borne by the sole proprietor himself.

So a sole proprietorship in mainland Dubai can be set up only if one of the two conditions are met-

• The owner is a UAE national.
• The owner is not a UAE national, but is sponsored by a UAE national.

The below advantages show why sole proprietorship is a good move

• There are no corporate taxes. A business owner needs to file for personal income tax only.
• The owner gets total flexibility to run it with total freedom.
• Of all types of business establishments, this form of business is the easiest and most inexpensive to set up.
• With the assistance of a local service agent, you can retain 100% of business ownership.

• Select a business activity out of the 2000 categories provided by the government.
• Select a legal form for sole proprietorship.
• Select a trade name for the business and get a trade name certificate.
• Apply for initial approval certificate (an NOC from Dubai government).
• Get a local UAE sponsor and a local service agreement.
• Get licensing approvals from a relevant authority like Dubai Health Ministry or Central Bank of UAE.
• Collect your business license and commence business operations.

The below are some documents that the experts at EBS help you with
•

• Application Form for Commercial License in the UAE.
• Trade Name Certificate.
• Valid UAE identity card for the sole proprietor.
• Copy of valid lease contract.
• Copy of signatures certified by Notary.
• No Objection Letter from the relevant government and legal authorities.

Benefits of doing business in Mainland Dubai

Dubai is an exciting amalgamation of East and West and offers hi-tech facilities that serve international businesses well. Below are some advantages of going for Mainland Dubai company formation with us at EBS:

Why choose EBS for Mainland Dubai company formation?

With EBS you get a holistic mix of services to help you successfully establish your venture in mainland Dubai. Irrespective of the type of company formation you are going for, you can expect full support from our team at EBS. Be it administrative, secretarial, taxation, accounting, or bookkeeping, we make sure that the set up is ready and running by the time you land in Dubai to take over the operational and marketing responsibilities of the company.

Our 100% support comprises of steps like

• Preparing and organizing documentation for application of registration, licensing, and approvals
• Provision of medical tests and Emirates ID for partner / business owner
• Sourcing necessary approvals from government departments
• Provision of a trustworthy UAE national/agent
• DED license fees and bank account opening
• Immigration card and visa assistance
• Registration to Chamber of Commerce and license procurement
• Sourcing workstations and office spaces