Benefit of office space – Mainland business can be accomplished anywhere in the country. Both freezone and offshore business entities are required to operate from certain geographical locations.

Do business anywhere in UAE – You may carry out the business endeavour anywhere in the UAE and there are no restrictions of any kind.

Favourable geographical location – UAE or Dubai serves as the gateway to the middle east. And hence there is scope for business diversification in the other GCC countries.

Corporate tax exemption – Mainland companies can enjoy the benefit of corporate tax exemptions. In many countries, foreign investors are required to pay a considerable amount of money in the name of corporate tax.

Income tax exemptions – Mainland companies are exempted from income tax.

Capital Incentives – Being a pro-business government, UAE has so many concessions and incentives in store for investors. There is no restriction like a “minimum capital prerequisite” to set up a business in the UAE.

No Currency exchange restrictions – Mainland companies in UAE need not go through currency exchange regulations.

Improved business opportunity – Starting up your business concern in the UAE mainland means that you get international exposure. You have a better reach to international clients and markets. You can leverage the international exposure of the mainland to expand or diversify your business.

Professional business ethos – Dubai has a professional business culture that gives due consideration to business enterprises of all types and nature. The professional work culture environment makes Dubai the favourite business destination of entrepreneurs, startups and seasoned professionals.

Hassle-free business set up formalities – The mainland business set formalities can be accomplished easily by following the guidelines issued by the License issuance authorities and other governmental agencies. With professional assistance and guidance from experienced Dubai Business consultants, you may accomplish the entire Company Incorporation formalities in the mainland with ease.

Generally, four major licenses are issued for businesses operating in the UAE mainland. The licenses are issued based on the business endeavor and they are:

1)Professional License – License issued for firms that undertake service-oriented endeavors. Professional License are required for professionals who take part in any professional activity like consulting. Compared to other licenses the cost involved in the issuance of a professional license is less.

2)Commercial License – License issued for those business establishments that undertake buying and selling of goods or services or simply trading. Most traders opt for the general trading license in order to conduct more than one trading endeavour with a single license. Commercial licenses are very common in Dubai and the UAE mainland. The entire formalities connected with Professional License like issuance, amendment, cancellation can be accomplished easily.

3)Industrial License – License issued for firms that are involved in the manufacture of goods like factories, industries etc. When it comes to Industrial License, you may need to seek the approval of External Ministries and government departments depending upon the type of industrial activity.

4)Tourism Licence – All tourism related activities require a valid Tourism License. The Department of Tourism and Commerce Marketing DTCM has a major role in the issuance of Tourism licenses. A valid Tourism license is mandatory to conduct inbound and outbound tour related activities.

Step by step instructions for mainland company formation in Dubai, UAE:

Memorandum of Association (MOA) – Get ready with the MOA that clearly indicates the operational guidelines of your company like the purpose, capital involved, share details etc.

Obtain Initial Approval from the Department of Economic Development (DED) – DED performs the notarization of MOA and then issues the Initial approval. You may contact a business consultant to get this formality done.

Trade name registration – Find an appropriate trade name for your business and get it registered with DED. DED has the right to alter or discard the trade name if it has already been selected by another company.

Office space requirement – An office space is mandatory to set up any mainland business in Dubai or UAE. A registered office address is required for the issuance of a trade license. Information regarding ownership agreement or tenancy can be produced as evidence of a registered address.

Apply for the license – If all the above-mentioned prerequisites are satisfied, you may apply for a trade license. DED is the agency that issues the mainland license in Dubai, UAE.

Pay the license fee – Submit all the relevant documents connected with company incorporation to the Commercial registration department and DED and pay the required license fee.

Get your license – Get your trade license from the DED. The company registration procedures shall be accomplished in a week if all the formalities are through.

If you are new to Dubai or UAE and have doubts regarding company incorporation and license issuance, it is advisable to entrust the job to an experienced business consultant. Kiltons Business Set up Services can assist you through the entire tasks associated with mainland business formation in Dubai and UAE.

Our advisors and consultants are always ready to help you.