Nowadays setting up by a business and making it a successful one is quite a heavy task. But Dubai has made it very easy and convenient for anyone to set up business on their mainland. From providing many lucrative subsidies to making an control business environment they have managed to attract interest from one of the biggest in the market. So, if you are also planning to setup business in Dubai, here is the A to Z points of doing that.
Finding A Major National Service Agent Or Shareholder:
In order to start a business in Dubai mainland, you have to find a UAE national citizen who will hold a major stake in that company. The national citizen must hold at least 51% rights in the business if it’s a tourism, commercial license. In case of a professional license company, the UAE national must be a service agent of that company. But this policy does not apply in a business like general trading, civil projects etc.
Setting Up An Office Space For The Business:
The office space has to be set up on the name of the company in order to avail an initial approval. Then it has to submitted with required documents to the Economic Department. After that, the company has to pay 5% of the annual rent as the market fee. But in the new initiative by the economic department, the company instead of paying the annual rent will pay AED 10000 to the department. There are professionals which provide services of mainland company setup in Dubai.
Documents Required To Set Up The Business:
A list of documents has to submitted in order to register and set up the business. The documents help the department to recheck and assure that the business is authentic or not. The following are the documents required - Shareholders passport copy, Sponsors NOC for UAE visa holders, Freezone NOC for individual visa holders, Ejari as well as Tenancy contact, The full plan of the business, Proposed name of the company. You also need attested copy of educational documents and attested, notarized copy of the parent company or branch of a foreign company.
There are a lot of companies who provide mainland company setup agents in Dubai to help other companies to set up their business in the mainland. There are certain companies which provide mainland company setup agents in Dubai to help organize and start up a new business in the mainland. These are the points to remember while setting up or building a business in Dubai mainland. If you are looking for mainland company setup services in Dubai and want expert assistance from agents than you should rely on Business Setup Dubai Consultancy.