Setting up a business in UAE might seem to appealing. Without an expert’s help, forming a company in Mainland UAE is different. Here is a systematic approach on how you can streamline the formation of your company in Mainland UAE, so that you are able to go through a bureaucracy and regulations easily.
Understand the UAE Mainland Business Setup Requirements
One has to understand legal and regulatory framework for mainland companies before beginning them. UAE mainland companies refer to those that are created outside free zones inside the United Arab Emirates. Such entities have to follow the rules set forth by the Department of Economic Development (DED) in the emirate within which they operate.
The principal needs are selection of the nature of enterprise, choosing a local sponsor or service agent where necessary, getting requisite permits, as well as compliance with other state regulations. Ensure that you have found out and collected all of the things you need for starting up your particular kind of company and the conditions it has.
Choose the Right Legal Structure
Mainland companies have several choices of legal structures in the UAE. The following are the ones that are the most popular:
- Limited Liability Company (LLC): Most popular for small-medium sized businesses form.
- Sole Proprietorship: A business that is owned by just one person and where you have full control.
- Partnerships: To all business owners who have multiple partners.
- Branch Office: If you are a foreign business that wants to be operational in the UAE.
There are different rules and conditions for every legal structure. Streamlining the process requires understanding which legal structure is fit for your business model.
Select a Business Activity
Next thing is to figure out your business activity. There is a huge number of options to choose from as there are more than 2,100 business activities in the UAE. These are further categorized into various groups like commercial, industrial and professional activities among others. Choose an activity that blends well with your business objectives.
Getting the correct business activity is fundamental for obtaining proper legal permits and licenses. This also identifies the number of visas one can get, size of the operation as well as location needs.
Find a Local Sponsor or Service Agent
Some business categories require people to get a local sponsor or service agent, who is someone from UAE who possesses certain part of business usually 51% for an LLC. However, the local sponsor is not usually involved in the company’s daily operations.
When starting a professional company, you need to have a local service agent, who will assist you with the legal formalities and dealing with the government, but does not have an ownership stake. You can be sure of smooth advancement by using sponsors or else service agents who are reliable.
Apply for Your Business License
After obtaining the necessary documents, it is time to apply for your company’s relevant licenses. This will include submitting the required documents to the Department of Economic Development (DED) in the particular emirate chosen by you. Make sure all documents such as your business plan, copies of passport and proof of address are in place to avoid delays. Obtaining a Professional License in Dubai.
Office Space Requirement
For you to put up a Mainland business, you must have a real office. All companies in the UAE have to for example be having a local office address this could be a commercial one or otherwise a shared office or use flexi-desk among others depending on what is needed by your trade. In this case, simply rent a property which fulfills local conditions.
Hiring Employees and Obtaining Visas
After setting up a business, you should recruit workers and apply for visas. Visas vary according to the company’s size and staff members; several visa types are available in UAE. When all conditions are met, obtaining the visa is usually an easy process.
Work with a Professional Business Consultant
To further expedite your company formation process, think about hiring an business expert consultant. These professionals know how complicated UAE Mainland laws are which may result in you making common mistakes. Consequently, they will facilitate quick processing and also meet every legal obligation.
Call +971 56 658 2477 for Business Setup in the UAE
If you want to set up a Mainland UAE company quickly, you have to comply with the laws and regulations which apply to it, choose the best business type, obtain an eligible sponsor, and then apply for licenses that you need. In this way, you will prevent wasting time unnecessarily and establish your enterprise in Mainland UAE lawfully with the help of experts.