• About
  • Advertise
  • Privacy & Policy
  • Contact
Sunday, October 1, 2023
Dubai News TV
">
ADVERTISEMENT
  • Home
  • UAE
    • Abu Dhabi
    • Dubai
    • Ajman
    • Fujairah
    • Ras Al Khaimah
    • Umm Al Quwain
  • REGION
    • Middle East
      • Bahrain
    • GCC
      • Qatar
    • MENA
      • Syria
    • Asia
      • Afghanistan
      • Bangladesh
      • India
      • Iran
      • Israel
      • Pakistan
      • Sri Lanka
    • Africa
    • Europe
  • REAL ESTATE
  • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
    • EXCLUSIVE
  • World
  • CPEC
  • Expo 2020
  • Business
    • Local Business
    • Forex
    • Markets
  • TECH
    • Science
    • HEALTH
  • Horoscope
  • PR
  • Sports
  • Home
  • UAE
    • Abu Dhabi
    • Dubai
    • Ajman
    • Fujairah
    • Ras Al Khaimah
    • Umm Al Quwain
  • REGION
    • Middle East
      • Bahrain
    • GCC
      • Qatar
    • MENA
      • Syria
    • Asia
      • Afghanistan
      • Bangladesh
      • India
      • Iran
      • Israel
      • Pakistan
      • Sri Lanka
    • Africa
    • Europe
  • REAL ESTATE
  • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
    • EXCLUSIVE
  • World
  • CPEC
  • Expo 2020
  • Business
    • Local Business
    • Forex
    • Markets
  • TECH
    • Science
    • HEALTH
  • Horoscope
  • PR
  • Sports
No Result
View All Result
Dubai News
  • Top News
  • UAE
  • Dubai
  • World
  • Business
  • GOLD/FOREX
  • REGION
  • REAL ESTATE
  • FEATURED
  • EDITOR’S CHOICE
  • ENVIRONMENT
  • Meet The CEO
  • Road To Financial Freedom
  • Meet The Leader
  • Health
  • Sports
Home Top News

Dubai: How to start a business on the mainland

A mainland company is a company registered with the Department of Economy and Tourism (DET) pertaining to the concerned emirate of the UAE. This structure offers several benefits, such as a broad scope of trade, location flexibility, and 100% ownership.

by Dubai News
12 months ago
in Top News, UAE
242
3.5k
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp
">
ADVERTISEMENT

DNTV Special

The UAE creates an ecosystem for entrepreneurs and startups with its strategic policies, infrastructure, and business-friendly economic incentives.

A mainland company is a company registered with the Department of Economy and Tourism (DET) pertaining to the concerned emirate of the UAE. This structure offers several benefits, such as a broad scope of trade, location flexibility, and 100% ownership.

Why choose the mainland company setup?

With over 3000+ activities, you can choose a business venture approved for full expatriate ownership with a Limited Liability Company structure (LLC). Compared to free zones, the mainland offers more options for business activities. However, strategic sectors like oil and gas still require an Emirati partner.

Mainland companies have no restrictions on trade with other businesses and can open a branch in any location in the UAE. Such a company can offer services to the government and other businesses across the UAE, targeting customers across the country.

What are the different licence types under the Mainland?

There are various types of business trade licences available.

  1. Commercial Licence

A commercial business license is required for any business involved in the trading and supply of goods, merchandise, and other commodities.

Business Activities under a Commercial Licence

  • Mobile Phones & Accessories Trading
  • Used Furniture Trading
  • Trading in building materials, automobiles & spare parts
  • Oil & gas trading
  • Gold & precious metals trading
  • Trading in chemicals and gas trading
  • Computer Software Trading
  • Certain specific service oriented activities like rental of car or yachts.

 

 Professional Licence

A professional licence is for businesses that intend to provide an expert service to their customers.

Business Activities under a Professional Licence

  • Tax, Auditing & Accounting consultancy
  • IT & Computer consultancy
  • Advertising consultancy
  • Marketing Services
  1. LLC and Sole Proprietorship

In the UAE, you can choose to set up your business in two business structures legally:

LLC (Limited Liability Company)

LLC Company enables the shareholders to limit liabilities to their share in the capital, allowing entrepreneurs to scale up the business.  It is mainly utilised for trading and professional businesses. With the amendments in the law, most business can set up a limited liability company without the need of a UAE national as a partner. LLC business set up offers more flexibility and space for expansion across the UAE with importing and exporting products freely.

Sole Proprietorship

A sole proprietorship, commonly known as a Civil company allows a single individual to establish a company but often requires a UAE national as a sponsor or generally referred as a Local Service Agent. Unlike LLC company, a sole proprietor company has unlimited liability and does not require any Memorandum of Association(MOA) or Articles for registration.

Under Civil company formation, most business activities under professional business activities does not require a local sponsor. But real estate business still requires a local sponsor.

You can start a sole proprietorship business to offer consultancy, trading and any other professional services.

How to Set Up a Main Land Company?

 Given the benefits of a mainland business setup in Dubai, many would naturally want to opt for a mainland company in Dubai as their preferred corporate structure. The steps to going about such a mainland business setup would be as follows:

Choose the Business Activity

The foremost aspect to focus on would be to decide which business activity. Mainland companies can trade in any business activity listed on the DET.

Identify legal structure

You can choose any legal form depending on your business requirements. The legal structure that you choose must match your business activity.

Choose a trade name for your company

There are several restrictions to be followed while setting up a company in the UAE. Your business name should not contain any offensive/profane language, religious references, or inferences.

Initial Approval

After the initial approval from the government, you must create MoA as per the legal business structure.

Location 

Businesses on the UAE mainland have no restrictions on where they can set up their activities.Mainland businesses can rent space or warehouse in the most attractive and commercially driven location in the Emirate. If the company relies primarily on international trade, you can set it up in one of the UAE’s busy ports, such as Jebel Ali or Mina Zayed.

As mainland business activities are not location-constrained, you can build a presence in any region. The most preferred locations to start a mainland company in Dubai: Sheikh Zayed Road, Business Bay, Deira, Al Qusais, Al Quoz, Jumeirah

Role of local sponsor or Local Service Agent 

Companies that operate in any relevant strategic sector require an Emirati partner. Such a partner can either be a UAE national or a UAE company. As per the new amendments in UAE law, only certain business activities require a local partnership. To register these mainland companies, the local partner must be the 51% capital shareholder of the business. Expats often make agreements with local partners to agree upon a profit-sharing ratio between the capital invested by both parties.

The local partner does not take part in any administration or management of the business, whereas the expatriate shareholder controls the day-to-day operations and finances of the company.

Apply for a Mainland Trade Licence

After the above steps, you can apply for a trade license with the Department of Economic Development. Documents required would include a license application, ownership percentage, shareholder visas, memorandum of sponsorship, etc.

Get Office Space/ Choose Business Centres

Mainland business setups would have two options: choose any business center with a fully serviced office, owned by a third party with everything from office furniture, reception, pantry to meeting rooms or you can opt for a ‘shell and core’ setup, where you would have to take care of office fittings, ancillary services, and so forth.

Apply for Visas

While there are no limits to the number of visas for mainland companies, the visa quota issued for each company depends on the size of the office space from the Ministry of Human Resources and Emiratisation (MOHRE).

How can Ascent Partners help? 

Ascent Partners provides bespoke business setup and advisory services for entrepreneurs looking to set up their next venture in Dubai.

With services ranging from business consultation and bank account opening to choosing the right business activity and applying for a business licence, our experts help provide essential guidance to help you strategise, startup, and scale in Dubai.

 

Share28Tweet18Send
">
ADVERTISEMENT

Related Posts

The A to Z about the ICC Men's Cricket World Cup 2023
Cricket

The A to Z about the ICC Men’s Cricket World Cup 2023

October 1, 2023
Maldives votes
India

Fate of India ties, democracy in balance as Maldives votes in run-off

September 30, 2023
social media
GCC

Saudi Arabia: 7 arrested for impersonating police on social media, imitating them for comedic purposes

September 30, 2023
">
  • UAE e-commerce business

    UAE e-commerce business set to gain momentum in the post-Covid era

    142 shares
    Share 455 Tweet 285
  • UAE visa and business reforms open new opportunities for entrepreneurs, investors

    32 shares
    Share 155 Tweet 97
  • Dubai property market continues its upward trajectory in H1 2022

    25 shares
    Share 62 Tweet 39
  • Pandemic-proofing our investments: Why we relocated Hilshaw Group to Dubai during Covid

    36 shares
    Share 56 Tweet 35
  • UAE remains top choice of investors as FDI inflows to hit $22 billion this year

    29 shares
    Share 44 Tweet 28
  • ‘Start-up guide for Funding’ to resolve financial woes of founders and entrepreneurs

    24 shares
    Share 39 Tweet 25
  • UAE reiterates commitment to advancing sustainable tourism growth

    88 shares
    Share 35 Tweet 22
  • Forex and Gold Rates in UAE

    615 shares
    Share 659 Tweet 116
  • UAE, Turkiye to bolster economic ties and partnerships

    83 shares
    Share 33 Tweet 21
  • Minister of Economy discusses tourism cooperation with Indian, British, Indonesian and Japanese ministers

    75 shares
    Share 30 Tweet 19
United Arab Emirates Dirham Exchange Rate
">
ADVERTISEMENT

About Us

DubaiNews.Tv is a fast-growing Dubai-based digital platform that covers news, happenings and current affairs with a central focus on Dubai, UAE, Gulf, Middle East. It also features regional and international news activities in addition to exclusive reports, interviews and special videos.

info@dubainews.tv

dubainews.tv@gmail.com

Follow Us

Browse by Category

  • Abu Dhabi
  • Afghanistan
  • Africa
  • Ajman
  • Artificial Intelligence
  • Arts and Culture
  • Asia
  • Bahrain
  • Bangladesh
  • Business
  • Business and Economy
  • Censorship
  • Conflict
  • Courts
  • CPEC
  • Cricket
  • Crime
  • Donald Trump
  • Drugs
  • Dubai
  • EDITOR'S CHOICE
  • Education
  • Entertainment
  • ENVIRONMENT
  • Europe
  • EXCLUSIVE
  • Expo 2020
  • Fashion
  • FEATURED
  • Featured Stories
  • Football
  • Forex
  • Fujairah
  • GCC
  • Genocide
  • Global Business
  • Gun Violence
  • Health
  • Healthcare
  • heath
  • Horoscope
  • Human Rights
  • Humanitarian Crises
  • India
  • Infographic
  • International
  • Iran
  • Israel
  • Israel-Palestine conflict
  • Joe Biden
  • LGBTQ
  • Lifestyle
  • Local Business
  • Markets
  • Meet The CEO
  • Meet The Leader
  • MENA
  • Middle East
  • Migration
  • Military
  • Military & Defense
  • Narendra Modi
  • NATO
  • News
  • North America
  • Olympics
  • Opinion
  • Pakistan
  • Personal Finance
  • Philippine
  • Philippines
  • Politics
  • PR
  • Qatar
  • Race Issues
  • Ras Al Khaimah
  • REAL ESTATE
  • REGION
  • Retail
  • Road To Financial Freedom
  • Russia
  • Russia-Ukraine war
  • Saudi Arabia
  • Science
  • Sharjah
  • Show Types
  • Social Media
  • South Asia
  • Space
  • Sports
  • Spotlight
  • Sri Lanka
  • Startup
  • Syria
  • Taliban
  • Tech
  • Technology
  • The Big Read
  • Top News
  • Tourism
  • transport
  • Travel
  • turkey
  • TV Shows
  • UAE
  • UK
  • Umm Al Quwain
  • Uncategorized
  • United Nations
  • Video Posts
  • Viewpoint
  • Wildlife
  • World

Recent News

The A to Z about the ICC Men's Cricket World Cup 2023

The A to Z about the ICC Men’s Cricket World Cup 2023

October 1, 2023
Maldives votes

Fate of India ties, democracy in balance as Maldives votes in run-off

September 30, 2023
social media

Saudi Arabia: 7 arrested for impersonating police on social media, imitating them for comedic purposes

September 30, 2023
Dubai: Three ways to get a licence without taking driving lessons

Dubai: Three ways to get a licence without taking driving lessons

September 30, 2023
censorship and disinformation

US says China’s ‘global information manipulation’ threatens freedoms

September 29, 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 DNTV - Powered By Ham Digital Media.

No Result
View All Result
  • Top News
  • UAE
  • Dubai
  • World
  • Business
  • GOLD/FOREX
  • REGION
    • South Asia
      • Pakistan
      • India
    • GCC
    • Middle East
  • REAL ESTATE
  • FEATURED
    • Featured Stories
  • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
  • ENVIRONMENT
  • Meet The CEO
  • Road To Financial Freedom
  • Meet The Leader
  • Health
  • Sports

© 2023 DNTV - Powered By Ham Digital Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.