You need to know some things about business setup in Dubai mainland. The first thing you need to do is choose the right jurisdiction. It would help if you decided what you would be doing and then chose the company’s structure. A sole establishment has a maximum of 100 shares, while an LLC can have up to five per cent of its shares owned by the local sponsor. You must also select the trade name of your business, which is required for registering your company in the emirate.
You have to register your company with the DED
The first thing you need to do is register your company with the Department of Economic Development. The government’s Department of Economic Development is responsible for issuing all necessary permits to set up a business in Dubai’s mainland. This agency will also give you official lists of registered businesses in the city. You need to know many other things about setting up a company in Dubai’s mainland.
Ease of registration
Another benefit of setting up a company in the mainland is its ease of registration. Unlike in free zones, the registration process for a Dubai mainland company is faster. Furthermore, there are no annual audits or currency restrictions. This makes it a more efficient place to start a business. Once you have registered your business, choosing your office location and hiring staff is the next step.
Mainland companies can take up government contracts
While free zone businesses are prohibited from government work, a mainland company can take up government contracts. Its permission to bid for government projects means that you can earn substantial profits and open doors to other types of business. In addition, a mainland company can have multiple offices, enabling it to penetrate the local market. It also allows you to hire foreign employees.
The Department of Economic Development is responsible for issuing licenses for business enterprises in the UAE. There are no minimum capital requirements and no currency exchange restrictions, making establishing a company in Dubai much easier. Many business consultants provide one-stop solutions for your business needs, from incorporation to licensing. In addition, they have an extensive list of available activities and have low start-up fees. If you are looking to set up business in Dubai mainland, you must know these things before establishing a company.