Mainland Dubai is the central business district of Dubai, which is the largest and most populous city in the United Arab Emirates (UAE). It refers to the area of Dubai that is governed by the Dubai Economic Department (DED) and subject to UAE Federal Law.
Mainland Dubai encompasses a wide range of commercial, residential, and industrial areas, including Downtown Dubai, Business Bay, Deira, Bur Dubai, and Dubai Marina. It is home to some of Dubai’s most iconic landmarks, such as the Burj Khalifa, Dubai Mall, and Dubai Fountain.
One of the main advantages of operating a business in mainland Dubai is that it allows for access to the wider UAE market, including both mainland and free zone companies. Mainland companies can also benefit from Dubai’s strategic location as a gateway between East and West, as well as its well-developed infrastructure, advanced technology, and favorable business environment.
In terms of legal and regulatory frameworks, mainland Dubai operates under the UAE Commercial Companies Law, which allows for 100% foreign ownership of companies. However, foreign investors are required to partner with a local agent or sponsor, who holds a 51% share in the company. The sponsor does not have any involvement in the business operations and is only required for legal purposes.
There are several advantages to setting up a company in Mainland Dubai:
- Strategic location: Dubai is located at the crossroads of Asia, Europe, and Africa, making it an ideal location for businesses looking to tap into these markets.
- Access to a large and diverse market: Dubai has a population of over 3 million people, and its strategic location means that it provides access to a much larger market of over 2 billion people within a four-hour flight radius.
- Pro-business environment: Dubai is known for its pro-business policies, which make it easy and cost-effective to set up and run a business. The government has streamlined the process for company registration and provides various incentives and tax benefits to encourage foreign investment.
- Infrastructure and logistics: Dubai has world-class infrastructure, including a modern transportation network, state-of-the-art telecommunications, and a well-developed banking and financial system. This makes it easy for businesses to operate and access global markets.
- Skilled workforce: Dubai has a highly educated and skilled workforce, with many multilingual professionals available in areas such as finance, marketing, and technology.
- Diversified economy: Dubai’s economy is diversified, with a strong focus on sectors such as tourism, logistics, finance, and technology. This provides opportunities for businesses across a wide range of industries.
Setting up a new business in the UAE mainland can be a complex process, but with the help of experienced professionals of Candour Consultin, it can be streamlined and simplified. Here are the general steps to follow when setting up an LLC company in the UAE mainland:
- Determine the business activity: The first step is to decide on the type of business activity and obtain the necessary approvals from the relevant government authorities.
- Choose a business name: The next step is to choose a unique name for the company and have it approved by the Department of Economic Development (DED).
- Reserve the trade name: Once the business name is approved, the trade name must be reserved and a preliminary approval certificate obtained from the DED.
- Share capital: The minimum share capital required to set up an LLC company in the UAE mainland is AED 300,000. The capital must be deposited in a bank account in the company’s name.
- Obtain a business license: The next step is to apply for a business license from the DED. The license will specify the activities the company is permitted to engage in.
- Rent office space: An LLC company must have a physical office in the UAE mainland. The office space must be rented and meet certain requirements specified by the DED.
- Open Bank Account: Opening a corporate bank account is an integral part of mainland license Dubai. Businesses are legally required to separate personal and professional funds.
- The UAE offers numerous choices, from prestigious international banks, well-established local banks and digital-only banks. Each offers distinct advantages to entrepreneurs, start-ups, small businesses, or large foreign corporations.
- Hire employees: To hire employees, the company must apply for labor and immigration approvals and register with the General Directorate of Residency and Foreigners Affairs (GDRFA).
- Register with the Chamber of Commerce: The final step is to register with the local Chamber of Commerce and Industry and obtain a membership certificate.
These are the general steps to follow when setting up an LLC company in the UAE mainland. However, the exact process may vary depending on the specific requirements of the business activity and the government authorities involved. It is recommended to seek the assistance of experienced professionals to guide you through the process and ensure a successful setup.
Mainland Dubai offers a wide range of business activities for entrepreneurs to choose from. Here are some popular business activities:
- Trading: Trading is one of the most common business activities in Dubai, with import and export of various goods and commodities being a major contributor to the economy.
- Consultancy: Consultancy services in areas such as finance, legal, management, and technology are in high demand in Dubai and offer a lucrative business opportunity.
- E-commerce: The growth of e-commerce has created opportunities for businesses to sell products online and reach customers across the UAE and beyond.
- Real Estate: The booming real estate market in Dubai offers many opportunities for property development, sales, and management.
- Manufacturing: Dubai has a growing manufacturing sector, with businesses engaged in the production of goods such as textiles, electronics, and food products.
These are just a few examples of the business activities that can be undertaken in mainland Dubai. It is important to consult with a professional company formation specialist to determine the most suitable business activity for your specific needs and goals.
The most common route to Setup a mainland business in the UAE is the safe and trusted vehicle of the Limited Liability Company (LLC), but there are other options too.
Our lawyers and professional management consultants undertake feasibility studies, due diligence, and corporate structuring/restructuring to help you set up the ideal company on UAE’s mainland:
- Sole proprietorship
- Civil Company
- Limited liability company (LLC)
- Private limited company (PLC)
- Public joint stock company (PJSC)
- Branches, regional headquarters and representative offices of foreign companies
- Single family offices
Seeking professional support is crucial when setting up a mainland company in Dubai, as it can be a complex process that requires compliance with various regulations and procedures.
Here are some of the benefits of seeking professional support:
- Streamlined incorporation process: Professional support can help streamline the incorporation process, ensuring that all necessary steps are taken in a timely manner.
- Expert advice: Professionals can provide expert advice on legal, financial, and strategic matters related to setting up a company in Dubai.
- Network of alliances: Professional support can provide access to a network of alliances and partnerships that can help expedite the setup process and ensure a smooth start to operations.
- Continued support: Professional support can provide continued assistance with accounting, auditing, and management consultancy services, helping to ensure ongoing compliance and success.
At Candour Consulting, we offer a comprehensive range of services to help businesses navigate the process of setting up a mainland company in Dubai. From incorporation to ongoing support, our experienced professionals can provide the guidance and expertise needed to ensure success. We offer a range of options, from urgent one-time projects to long-term contracts, to meet the specific needs of our clients.
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