How To Setup Business In Dubai Mainland. The process of setting up a business in Dubai mainland is quite simple and is a fast process. The Department of Economic Development is the jurisdiction that issues license to the companies to operate inside and outside UAE. The different types of license issued by are:
Setting up business in Dubai mainland requires a UAE National to act as 51% shareholder or a service agent depending on the type of business activity. In the commercial, Tourism, Industrial license, the UAE National must have a minimum of 51% shares. The UAE National must be appointed a service agent in case of a Professional license, Branch of a foreign company, Branch of a Free zone company and Representative office.
The UAE National shareholder can either be a company or an individual. The company formed by UAE National can also be 51% shareholder for the company and this is termed as a corporate shareholder. Anyhow corporate shareholding is not accepted in few activities, to name few are General Trading, Building contracting etcB. Office space
The office space is another mandatory requirement for the mainland license. The business owner must make a tenancy contract for with the landlord under his company name using the initial approval. Then Ejari must be obtained from the RERA Department which has to be submitted to Department of Economic. The 5% of annual office rent will be added as a market fee in the trade license fee Anyways, now the Department of Economic Development has come up with a new initiative called Instant license in favour of Business owner those don’t require an office space. Instead of 5% of annual rent, the amount of AED 10,000 must be paid to the Department of Economic Development as a market fee, though this facility is active only for the first year. Upon renewal, the business owner must find an office space for their business and submit the Ejari
Following are the required documents to setup business in Dubai mainland