All You Want To Know About Business Setup in Dubai Mainland

The business friendly facilities and infrastructure offered by Dubai mainland is very popular. Several advantages are there of a highly developed economy that could be enjoyed by the business setup.

Utmost international standards are matched by the services and infrastructures that expedite quality, efficiency and services for business setup in Dubai Mainland.

 Some of the benefits for business setup in Dubai Mainland are: 

• Best quality options for residential  and office accommodation
• Advanced arrangement of transportation
• Top venues for international conference and exhibitions
• Simple recruitment process
• Reasonable workforce
• Open enterprise system
• Reliable utilities, power etc.

For relishing all these benefits, the task of company formation in Dubai has to be accomplished. This is challenging as well as time consuming. Business Link UAE is there as your reliable partner making this task hassle free and opportune for you.

Process of business setup in Mainland:

For company formation in Dubai Mainland, a UAE national has to be appointed as your business’s local sponsor. However, an agreement will be signed by the local sponsor of not having any profit sharing or involvement in operations of the company. Therefore, no active participation is there of the local agent in company’s profit sharing, operations and business management. Instead, their role will be of a figurehead characteristic at the time of required documentation and enlisting of legal settlements in Dubai.

 Necessities for business setup in Dubai Mainland:

For a business setup in Dubai Mainland, it is required to have the office address verified from the Dubai Municipality. This requirement varies on the basis of license type that is required by the investor. For the business setup in Dubai mainland, 6 steps are involved. These are:

• Selection of the business activity and approval of name for the same
• Selection of the service agent or the local partner
• Application for getting the preliminary approval for business setup in mainland
• Provision of MOA and notarization from court
• Getting the occupancy contact as well as space for office
• Final proposal for business setup in Dubai mainland

The skilled Dubai company formation consultant at Business Link UAE are there to provide best services and support to the clients for business setup in mainland.

All You Need to Know About Local Partner and Services Agent in Dubai

There has been a repeated confusion concerning the terms used in connection with the Local (Emirati) Sponsor, a mandatory requirement when establishing a business outside the free zones in the United Arab Emirates.

The mix-up merges two expressions into one (“sponsor”) without a proper distinction, which creates the impression that there is always an Emirati in full control of the business.

In fact the word “sponsor” is neither a job title or position nor a job description of the involved Emirati. However, it can be considered a status that a Local Partner or Local Service Agent gains after forming a company or after being appointed as a Service Agent for a certain entity.

Whether a Local Partner or a Local Service Agent is required depends on the kind of activity and the company structure that the entity will have.

In Dubai, trading and industrial activities require a Local Partner (who holds 51% of the company shares) and are usually structured as a Limited Liability Company (LLC).

However, a professional license in Dubai can’t use the LLC structure and can only be a civil company. In Dubai, all sorts of commercial activities can use the LLC structure.

The main difference between the entities under the CCL (Commercial Companies Law) and those under the Civil Code is that the activities which may be practiced in the CCL are of a commercial nature, whereas in the Civil Code they involve the use of intellectual faculties, acquired information or the use of skills.

Civil activities may not use the Limited Liability Company structure. Moreover, as mentioned earlier, the activities civil entities may be engaged in will be restricted to all those of a civil nature alone.
Professional companies may be 100% foreign owned. However, it is necessary to appoint a local Emirati Service Agent from the same Emirate.

Under the Civil Code, service or professional companies are de-fined as companies where two or more agree to be bound to carry out work and to be liable to third parties against payment of consideration, whether they share their work equally or unequally.

According to Dubai rules on licensing professionals and trader and in order to establish a business which practices services or professional activities, the business will be formed as a “Business Partnership”. Most of the services related to professional activities require a professional license.

A Local Service Agent has to be appointed while 100% of the company shares can be owned by foreigners. The Local Service Agent will deal with the government officials and Ministries on behalf of the company and facilitates the renewal process.

With a Dubai local Sponsor/Local Service Agent, it is common to arrange side agreements that redefine the conditions between the parties in favor of the actual owners/managers of the company.
For the last few years, there has been a discussion whether or not certain activities should be exempt from the requirement to have a Local Partner and a correspondent law is in the pipeline.

Taking your Business to the Next Level - Setting up your Own Company with Business Link

An introduction to Business Setup in Dubai

Dubai is one of the preferred business economy hubs in the world that attracts both national and international investors from all over the world. This is mainly because of smooth business setup procedures and entrepreneurs friendly environment in Dubai. The government of Dubai offers wide range of benefits for setting up company in Dubai, UAE.

There are a number of options available for international entrepreneurs who want to establish their businesses in Dubai, UAE. It depends on business activity to activity, services targeting market and many more. Company formation in Dubai also requires many legal formalities and documents attestation work to be done with various government departments of Dubai. This is where you need assistance of a professional company formation consultant in UAE.

The government of Dubai provides wide range of business setup options that includes company formation in Free Zone, Dubai Mainland, branch office, offshore company etc. These are given as:

Options Available for International Investors to Setup Business in Dubai, UAE:

1. Company Formation in Dubai Free Zones
2. Business Setup in Dubai Mainland
3. Branch of Foreign Company Representative Office in Dubai
4. LLC Company Formation in Mainland Dubai
5. Virtual Office Setup in Dubai
6. Offshore Company Formation in UAE

We, at Business Link could assist you for all types of Commercial, Professional and Industrial License in Dubai – UAE.

So depending on your business requirement, you can go for the right one to grow your business rapidly and make it successful in UAE as well as international market. For the rest, we are here to assist you for the whole procedure from starting to end for company setup in Dubai. Being a specialized business setup consultant in Dubai, we provide you complete incorporation solution and related Outsource PRO services for setting up a business as well as all approvals from Government Authorities.

How to Obtain Trade license in Dubai Mainland?

What is Trade/Commercial License in Dubai?

Trade license is also known as commercial license in Dubai and is must to have by those entrepreneurs who want to do any kind of trading business in UAE. The Department of Economic Development plays an important role for getting trade license in Dubai that permits entrepreneurs to do trading business in UAE. If you go for any kind of business that comes under commercial activity, then you are required to get commercial license from the DED Department.

If your business goal is to buy and sell goods in all over UAE, then setting up a Limited Liability Company (LLC) in Dubai Mainland can be one of best business decisions. This is most widely preferred business license by companies with foreign ownership who wish to import, export and distribute products in Dubai, UAE.

According to UAE companies’ law, you need to appoint an UAE national for commercial license company formation in Dubai Mainland that will acts as a local sponsor for your business.

The complete procedure of getting Trade/Commercial license in Dubai

1. Identification of your business activity/business category
2. Trade name selection and reservation
3. Find trusted local sponsor
4. Initial approval application submission to DED (The Department of Economic Development)
5. Find correct business premises or office for your company activity
6. Preparation of all required legal documents like MOA (Memoranda of Association), Ejari documents etc
7. Final submission of all these documents to Dubai government department of economic development in order to obtain trade license in UAE

With more 15 years of experience in UAE as a company formation consultant, Business Link UAE is also here to provide complete assistance for commercial license setup in Dubai.

Complete Guide to Business Setup in Dubai Airport Free Zone

Dubai has become one of the top business hub in the world where starting a Business can be a best choice. Dubai is the most preferred business startup destination by the foreign investors. It is mainly due to Free Zones in Dubai and its business infrastructure.

Dubai Airport Free Zone is one of the fastest growing zones in UAE because of its seamless facilities. Foreign businessmen can have dynamic growth with DAFZA’s excellent opportunities like 100% foreign ownership, 100% tax exemption and no restriction on currencies.

If you are planning to setup business in DAFZA then you have to be aware of some legal facts and procedures about UAE company formation. There are different legal rules and regulations involved in business setup for each free zone. So it is important to know about all these elements before Dubai Airport Free Zone company formation.

 

Company types in Dubai Airport Free Zones

Dubai Airport Free Zone Authority allows us to setup two types of company in this Zone.

1. Free Zone company
2. Branch office of an existing foreign company

Available license types in Dubai Airport Free Zone

 

1. Industrial license

If you want to start manufacturing business then you have to apply for industrial license.

 

2. Trade license

If you want to setup import, export business and distribute products then you have to go for trade license.

 

3. Services license

If you are interested to offer services and setup consultation business then you should have services license.

Benefits of business setup in Dubai Airport Free Zone

 

• No local sponsor required

• Local bank account

• 100% foreign ownership

• 100% exemption on corporate as well as personal income tax

• Companies are allowed to work 24 hours a day

• Good infrastructure & business facilities

You may also take help from one of reputed professional company formation consultants like “Business Link UAE” regarding business setup in Dubai Airport Free Zone. Our business consultants have more than 15 years of experience in UAE company formation procedure and assist you for registering your company in DAFZA.

Offshore Company Formation in Dubai – 100% Foreign Ownership

What is offshore company in Dubai?

Offshore company formation is one of the recommended types of business setup in Dubai preferred by international entrepreneurs.  It is also known as Non- Resident Company and allows a businessman to have a low/zero tax legal structure for company in order to improve wealth management. An offshore company enables entrepreneur to control on confidentiality & asset protection and can execute business in all over world except the country of incorporation. 

Why need Offshore Company setup in Dubai?

There are several benefits and reasons of having Offshore Company in Dubai for individuals as well as corporates. Some of them are as:

1. Great Tax Incentives

2. No Shareholder, no local sponsor involvement required

3. Low operational fees

4. 100% foreign ownership

5. Security of assets

6. Local bank account & banking Privacy

7. Legal protection

8. Low cost company formation

9. No office space requirement

10.Suitable for different types of international businesses

11. Zero Bureaucracy & Modernized Administration

12. Property Rights

13. Business Expansion

14. Maintain business privacy

So there are few important reasons for investors/entrepreneurs to have Offshore Company in Dubai.
 

How to start an Offshore Company in Dubai, UAE?

It is not as easy to setup an offshore company in Dubai as you think. This process requires various legal procedures and documents clearing services. So, it is essential to understand the process carefully for offshore company formation in Dubai.

If you are seeking to take benefits of offshore company registration, then you are at absolutely right place. Business Link UAE is one stop destination that you need to know about the whole legal procedure of setting up an offshore company in Dubai. With more than 15 years of experience, we are helping individuals and companies to be successful in UAE.

Need Local Sponsor for Business Setup in Dubai?

Setting up your own business in Dubai can be complicated for international entrepreneurs if they don’t have complete knowledge of company formation procedures in UAE like which location suits best for their business, what are the initial steps for trade name registration and many other important legal documentations activities.

One of the most common issues is related to foreign ownership. The company ownership depends on the location where you want to start your business in Dubai. You have two options for business location to start. One is Dubai Mainland and another is Free Zone company formation.

To establish a business in Dubai Mainland, a foreign investor is required to have a local sponsor in UAE for many legislation processes. According to the Department of Economic Development (DED), there are a numbers of benefits of business setup in Dubai Mainland. Some of them are:

1. Business owner is also allowed to do business with local market of UAE

2. No restrictions on visa application

3. No restrictions on business property as well as business activities

What is Local Sponsor?

A local sponsor is an UAE national who acts as a sleeping partner for your company in Dubai. Being a mandatory requirement, it’s a real, inevitable challenge for foreign investors to find the right local sponsor in Dubai, appropriate for their line of business. You do not need to share your business profit with sleeping partner but you have to pay an annual fee to him. Also local sponsor does not play a particular role in your business activities.

Reliable Local sponsor for company formation in Dubai

Getting a well-educated local sponsor is very important to start a business in Dubai Mainland. We at “Business Link UAE” help you to get a trustworthy and reliable UAE national for your company formation that will act as a local agent or sponsor. We are also specialized to provide PRO services and complete solution for business setup in UAE.