COMPANY FORMATION
Dubai Mainland company formation continues to evolve as the government has slashed the prices, introduced instant licenses, and allowed 100% ownership for commercial trading. Also, the mainland ranks top in terms of the number of permitted business activities. As far as the process of business setup in Dubai is concerned, entrepreneurs must go for the mainland option to cater to a large number of customers.
Setting up a company in Dubai mainland is a straightforward process. Still, the legal aspects may appear to be daunting for foreign investors with little knowledge about the business legislation and other standard procedures. However, those tasks can be effectively tackled with the help of business setup consultants in Dubai. The process, corporate structures, benefits and the process of obtaining a Dubai mainland license are explained here.
Process of Company Formation in Dubai Mainland
The process of Dubai mainland company formation involves a set of streamlined steps that must be carefully executed to avoid any delays. Investors need to carry out the following steps to complete mainland company formation in Dubai:
- Choosing a business activity
- Determine an appropriate legal structure
- Get the company name approved
- Obtain an initial approval from DED
- Obtain external approvals for special activities
- Rent a space and submit the tenancy contract (Ejari)
- Obtain the license
The process of business setup in Dubai mainland is generally devoid of complex requirements. However, the wrong choice of activities, legal structures etc., may derail the investors’ business plans. A better solution for such an issue is hiring professional companies that offer business setup services in Dubai, such as Jitendra Business Consultants (JBC). Our business setup consultants in Dubai offer the best services covering essential requirements such as visa processing, document drafting, government liaisoning, bank account opening etc. JBC’s core team is composed of business setup consultants, PRO service executives, compliance advisers etc. The support from such a strong team of professionals enables entrepreneurs to incorporate a company in Dubai without any hassle. Apart from offering company formation services in Dubai, JBC also helps the companies meet legal obligations such as VAT, audit, Economic Substance Regulations (ESR) and Ultimate Beneficial Ownership (UBO).
Starting a business in Dubai is many people's dream, but most don't know how to go about it, especially with the number of steps they need to take before establishing it and the aspects they need to consider.
Permitted Legal Structures in Dubai Mainland
Determining an appropriate legal structure is one of the most critical decisions an investor needs to make while incorporating a company in the Dubai mainland. The legal structure of a Dubai mainland company is defined based on the number of shareholders. The DED mainly allows the following legal structures for companies in Dubai mainland.
