Start a professional business in Dubai mainland with Avyanco and enjoy 100% ownership and several other such perks.
It is simpler to open a bank account in Dubai mainland and carry out transactions at ease, compared to any other region in the UAE.
With just one business trade license companies have the option of opening multiple branch offices across the United Arab Emirates.
A great benefit of having a mainland company in the UAE is the mainland businesses are permitted to bid for government projects.
Setting up a mainland business in Dubai or anywhere in the UAE allows investors to enjoy a higher visa quota, irrespective of the office size.
UAE mainland business setup allows investors to do business inside the country as well as outside the UAE with lot of other flexibilities.
Getting a mainland business license can be accomplished easily by following the guidelines issued by the government and regulatory authorities with Avyanco!
UAE's government offers several advantages and concessions to businesses since it is one of the most corporate-friendly economies. Such as there are no requirement for a "minimum capital precondition" to open a business.
Submit an application to the Department of Economic Development (DED) for preliminary approval of your chosen business activity. This step also involves getting approvals for key factors such as your office location, shareholders, and the proposed company capital.
For certain activities, you may need additional clearances from other government entities, such as the Dubai Health Authority, Telecommunications Regulatory Authority, or Roads and Transport Authority. Secure these approvals before registering your company.
Choose and reserve a unique trade name for your business through the DED's name reservation system. Ensure the name adheres to DED's trade name guidelines and does not duplicate any existing business names.
Draft the Memorandum of Association (MOA) for your company and have it signed by all partners and shareholders to formalize their agreement to establish the business.
Secure a commercial space in Dubai that complies with DED's location requirements and is suitable for your business needs. Opt for a budget-friendly option initially, keeping future scalability in mind.
Apply for your mainland trade license by submitting all necessary documents and information to the DED. Ensure that relevant authorities approve all paperwork and that you have paid the applicable license fees.
Once your trade license is issued, proceed to apply for visas for yourself, your business partners, and your employees as required.
Investors looking to set up a mainland company will have to submit the below-mentioned documents to the concerned authority.
Since December 1, 2020, the UAE Government permits foreign investors with certain businesses to fully own local companies without the need of an Emirati sponsor.
You will need to submit a copy of passport with the immigration stamp on the date of your entry into the UAE. A copy of your latest curriculum vitae (CV).
You also need the original copy of a reference letter from the bank where you hold a personal or corporate account in your country, including last six months bank statement.