Dubai is a popular destination for entrepreneurs and investors from all around the world. And if you are a foreigner looking to obtain a mainland license in Dubai quickly, then you are in the right place.
This is because, today, we are going to look into how you can easily obtain a mainland license in Dubai and start your business in Dubai Mainland. Thankfully, all you need to start a business in Dubai is a valid trade license.
The mainland license in Dubai has been increasing in popularity for almost a decade now. Each year more and more people are registering their business with the mainland license in Dubai. This is because of the various benefits of starting a business in Dubai Mainland and the UAE in general.
Additionally, each year the government of the UAE offers even more benefits to attract more foreign investments. As a result, it is a win-win situation for both sides.
Steps of Obtaining a Mainland License in Dubai
The process of obtaining a mainland license in Dubai is relatively easy if you have previous experience launching a business. However, if this is your first time in the UAE then it is highly recommended that you seek help from Company Setup professionals. This is because they have years of starting various businesses all over the UAE.
Here are the steps you need to follow in order to obtain the mainland license in Dubai:
Choose your business activities
The first step is to select the business activities you want to perform through your business in Dubai.
Choose a business trade license
Depending on the business activities you have selected, you need to obtain a mainland trade license that allows those business activities. For example, if you want to provide certain services in Dubai, then you need to obtain a professional trade license.
Choose the legal structure
The next step is to select a legal structure for your business. For example, your business can be a Limited Liability Company, Public Limited Company, General Partnership, Sole Proprietorship, etc.
Reserve a company name
You need to reserve a company name for your business and the name you select must adhere to the guidelines set by the authorities. For example, it cannot contain any racial slur and it must be unique inside the UAE.
Get the initial approval
After you have completed the previous steps, you will need to fill up the necessary information in an application form that the Department of Economic Development in Dubai will provide. If everything is up to the mark, they will provide the initial approval to you.
Rent an office space
You will need to rent or lease office space in Dubai. This is because the tenancy agreement and EJARI are mandatory for obtaining the mainland license in Dubai.
Get the External Approval
You will need to get some external approvals from various government bodies and agencies depending on the business activities you selected.
Submit the required documents
Lastly, you will need to submit all the required documents and complete the payment for the mainland license in Dubai.
Read More: How Can I Get a Mainland License in Dubai