SET UP YOUR SERVICE COMPANY COMMENCING FROM 18,000 AED IN DUBAI MAINLAND

SET UP YOUR SERVICE COMPANY COMMENCING FROM 18,000 AED IN DUBAI MAINLAND

- TRADE NAME & INITIAL DED APPROVALS

- LICENSE FEE (1 YEAR)

- LOCAL SPONSOR

- OFFICE SPACE

- MEMORANDUM (DED)

Setting up your company in Mainland Dubai, require a local sponsor (UAE National), which we would assist you with one, who is required to own at least 51% of your mainland company.

However, you benefit from a business license that allows you to operate anywhere across Dubai. The Emirate offers a variety of low-cost as well as high-end locations that are suitable for all budgets and business activities.

STARTING A BUSINESS IN DUBAI MAINLAND

1. LOCAL SPONSOR:

You must decide on Local sponsors who would take a passive management role and receive a fixed fee as determined by both partners. These partners can assist with any future issues with government authorities. It is best to maintain a healthy and positive relationship with him or her for a stress free business in Dubai. We would assist you with a reliable sponsor.

2. The next thing after getting a sponsor, is to DETERMINE YOUR BUSINESS TYPE, FORM AND ACTIVITIES

Before approaching the business license-issuing authority, the Department of Economic Development (DED) of Dubai, you must have decided whether your company will be a commercial (Trading, General Trading, Grocery or a supermarket), or whether it would be a professional service license(Cleaning Services, Technical Services, Restaurants, IT Services, Parking Car wash or events management or a Human Resource Consultancy) or an industrial business.

You have the opportunity of picking one activity for your business set up.

The type of company to be formed in the Mainland is determined by the ownership structure (Shareholders or Sole ownership) as well as activity (businesses to be conducted).

You could decide to register a LIMITED LIABILTY COMPANY, which gives room for varying number of shareholders commencing from 2, or a JOINT LIABILITY COMPANY which allows you to conduct both commercial and industrial activities.

You could also decide to register a Private Joint Stock Company which allows only commercial and industrial activities or a Public Joint Stock Company allowed to conduct all types of activities.

Finally, you could also register a Civil Company allowed to conduct professional activities such as accountancy, engineering, law, and medicine.

3. Apply to the Department of Economic Development (DED) with a proposed company name, which must not

be similar to an existing name, must also not be a prohibited name i.e an offensive name to the public.

4. Receive initial approval: Foreign investors require the approval of the General Directorate of Residency and Foreigners’ Affairs for this approval (the initial approval is not to be mistaken for a full license). This is our duty, never worry.

5. Receive external approvals based on your business activity from various ministries, agencies and governing bodies. E.g transportation, legal consultancy, and trading specialized equipment requires approvals from various ministries and other governing bodies (where necessary).

6. Choose and rent a location for your business

Mainland firms require a physical presence (however, some entrepreneurs operate Home-based businesses and those outside of the UAE can operate an online office space or flexi office, i.e getting a rented virtual office in Dubai). The premises must comply with DED and Dubai Municipality requirements upon inspection by the Municipality officials. It is also required to provide a tenancy contract (Ejari) to proceed with your company registration.

7. Obtain location and inspection approval from the Municipality

8. Sign the Memorandum Of Association and lease agreement before a public notary.

9. Get document processing done to get a payment voucher issued

10. Obtain a trade license in certificate form.

11. Obtain immigration (Establishment card)

12. For hiring employees, we would advice as to how you book your visa quota, and how you could process the visa for your employees, we would also advise as to get approval from the Name Board and Ministry of Labour.

You also enjoy registering and obtaining up to 10 licenses for the same location if it aligns with the requirement of the municipality officials and you have the benefits of getting as much visa quotas for your employees.

For more inquiries and registration, kindly get in touch:

WhatsApp: https://wa.me/971565948

Email: trustedhands18@gmail.com

Calls +971568225948

Office 504, Al Zarooni Building, Near Al Rigga Metro, Dubai.

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