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Because it is the economic heart of the UAE, Dubai continues to attract entrepreneurs and investors from around the globe. Downtown Dubai stands apart from the rest due to its luxurious surroundings, iconic landmarks such as the Burj Khalifa and Dubai Mall, and a strategic central location. For anyone looking to set up their company on the mainland, Downtown Dubai offers unmatched opportunities.
Let’s look at everything you need to know about setting up a mainland business in Downtown Dubai, from benefits to processes and some FAQs to assist you in making an informed decision.
More than just a prime real estate zone, Downtown Dubai is an avenue of business with a blend of retail, hospitality, and commercial enterprises on a very dynamic front. The following are just a few of the many reasons why setting up in Downtown Dubai is a good idea.
Your business will be registered in one of the most sought-after locations in the UAE, thereby impressing on the minds of people the image and credibility the company stands for.
Situated in the heart of the city, Downtown Dubai enjoys excellent roadway connectivity courtesy of Sheikh Zayed Road, Metro stations, and its near location from major business hubs like DIFC and Business Bay.
Based on the progressive reforms in the UAE business landscape, many professional and commercial licenses allow the foreign investor 100% ownership of an entity on the mainland; thus, an Emirati sponsor is no longer necessary.
Mainland-based entities can freely do business all over the UAE and abroad. In contrast, free zone companies are bound by some restrictions concerning trading activities in the local UAE market.
Obtaining government contracts forms a big-life opportunity for firms in construction, IT consulting, and other disciplines.
Identify the nature of your business. The type of activity chosen will impact the license type, the need for approvals, and the capital requirements.
An LLC is the most popular option for mainland business setup due to its flexible structure and limited liability protection.
Select a unique trade name, register it with the DET, and ensure it complies with the naming conventions of the UAE and corresponds to the nature of your business activity.
This is a certificate of no objection from the government to proceed with your business registration.
For LLCs, a Memorandum of Association (MOA) is required. An LSA agreement is required if a local service agent is provided for certain activities.
Commercial offices need to be taken in Downtown Dubai. You would need a tenancy contract (Ejari) for this contract to be registered under the trade name of your business.
Present all the documents to the DET and pay the adjusted fee. Your business trade license will then be granted to you upon approval for you to legally conduct business.
Here’s a list of documents typically required:
Flyingcolour Business Setup Services offers extensive support for starting a mainland business in Dubai and is there for entrepreneurs at every stage of the journey. Mainland companies in Dubai are the type of businesses that are allowed to operate anywhere in the UAE without any restrictions. Hence, they are the most popular option among investors.
We are taking care of all the paperwork with the Department of Economic Development (DED) and other government agencies for you, thus, we unburden you from the complicated registration, and licensing procedures. Besides, we help you in deciding the suitable business activity, getting the approval of the trade name, writing necessary legal documents as the Memorandum of Association (MOA), and getting the licenses.
Our main strength is undoubtedly, deeply understanding the local regulations, the fastest changes in the foreign ownership laws, and supporting our clients with all the necessary paperwork in order to have 100% foreign ownership in the sectors which are allowed. We are also there for you, as your eyes, to find the most appropriate office for you, to help you get the necessary visas for your employees and yourself, and to open your bank account.
Flyingcolour Business Setup is an expert with over 20 years of experience in the UAE market, they are offering advice, which is customized to the needs of any customer, compliance, and an efficient business setup. Our complete services save time, lower stress, and assist entrepreneurs to start successfully in the competitive mainland market of Dubai. If you plan to launch a startup or expand your existing enterprise, we are here to provide you with local knowledge and the professional support you need to be successful.