What exactly is an Onshore License?
Mainland UAE has an onshore business license, allowing the business to be managed, run and executed from within the UAE or internationally, without any difficulties. These licenses are regulated and issued by the Department of Economic Development of the Emirate (DED).
One of the main advantages of setting up a mainland company or registering a local company in Dubai is that it allows business activities that are carried out without any territorial restrictions.
The presence of the UAE National as a local service agent or local partner is central to the creation of a DED Mainland license. The UAE National status of your company depends on your business activities. The local service agent represents the company in administrative transactions and does not hold any shares. On the other hand, the local sponsor holds 51% of the shares of the company.
1. Selecting the Business Activity
We advise you on choosing the right jurisdiction as per your specified business activities, depending on your feasibility and monetary conditions.
2. Choosing the Company Structure
According to the business activity, we help you in deciding whether you need to invest in LLC formation, having 51% local sponsorship, or LSA, giving you 100% shareholding.
3. Deciding the Trade Name
Once the structure of the business is in place, our experts aid you in securing the company name, as per the availability, and registering it.
4. Approval of the Initial License
After the registration of the trade name, we provide thorough support for completing the process of license application.
5. Issuing of License
Depending on your business activity, your license is issued by Emirate’s Department of Economic Development (DED).
6. Opening of Company’s Bank Account
Our expansive network of banking experts further provide assistance to the companies in setting up their corporate bank accounts.
7. Processing of Important Documents
From Establishment Cards and Visa to Labor files, companies can also rely on us for assistance in documentation queries.
It’s easier to grow your company and remain flexible if you set up your company in the Dubai Mainland, also known as Dubai Onshore.
Opting for a Dubai mainland company set up under the Dubai Department of Economic Development (DED) offers key benefits if you want maximum freedom and flexibility for your business.
If you are an entrepreneur or someone tasked with creating a start-up in Dubai, considering where to set up is a crucial decision.
Making the correct decision can dramatically alter your company’s dynamics and future success.
Here are the 6 key benefits when you set up a Dubai mainland business:
1. Freedom to trade across Dubai and in the UAE
Being registered as a Dubai mainland company means you have no restrictions regarding who you can trade with or where you can trade in Dubai.
By setting up on the mainland, you can plan for any type of trade, without having to worry about overstepping your trade permission throughout Dubai and across the UAE.
There are some legal formalities when it comes to creating your mainland company in Dubai, including the need to be sponsored by a Dubai national. However, by seeking professional advice from a reputable business setup company, you can retain the management and financial control of your business.
2. Ability to trade internationally and expand your presence
Dubai mainland registration gives your business the freedom to trade internationally, which is something that is essential for many brands in our increasingly connected world.
It is also recommended to think about the future of your business. Are you planning on international expansion? Do you want the flexibility to penetrate key foreign markets?
Today’s rapidly changing world favors businesses with the flexibility to adapt. Imagine you have a product or service that is suddenly on-trend in a particular country. In such a case, you need to organize the logistics to penetrate it quickly.
Fundamentally, having a Dubai mainland license means freedom and flexibility to grow and manage your business.
3. Freedom to grow your company and team
Every business has the goal to grow and succeed – something that Dubai mainland registration gives you real scope to do.
Taking the mainland option means you can apply for unlimited visas. It’s worth noting that the more visas you apply for, the more warehouse or office space you need to have, which is typically 100 square feet per visa. The need to rent extra office space is usually negotiable with the Dubai DED if you employ lots of workers remotely who do not require workspace.
Creating a Dubai mainland company also gives you the freedom to expand your business’ branches to other parts of Dubai and across the UAE. If branch expansion is a key goal of your start-up, consider a Dubai DED license.
4. Ability to diversify your offerings
Dubai’s evolving smart city infrastructure is already taking businesses in new directions, and the power to diversify is likely to be increasingly useful as the country heads towards and beyond 2020.
Opting for a Dubai mainland setup provides significantly more scope for your business to evolve.
Fundamentally, having a Dubai mainland license means that the administrative process is smoother, faster, and less restrictive compared to your free zone competitors.
5. Ability to deal with the UAE or GCC governments
Mainland registration in Dubai has another potentially attractive feature – it gives you the scope to tender bids for lucrative government contracts.
If your start-up is likely to offer services that match government projects, then you could place yourself in a very advantageous position. Indeed, UAE government contract work is worth billions of dollars per year. If your company becomes well-regarded by Dubai’s authorities, then you could create a blueprint for long-term business networking and growth.
Winning official state contracts across the UAE will surely improve your business reputation and status, both in the country and internationally.
6. Ability to create a flexible start-up
While establishing a Dubai mainland registered company may seem daunting, working with the right company formation specialists can give you a package that is fast and fully comprehensive. When selecting who to work with, consider whether the package includes these key benefits:
In the end, setting up a mainland company in Dubai is easier. So your next step should be to analyze your business plan for the next three years and determine whether Dubai mainland registration is the right option for you.
Not only do we provide strategic consulting to set up your company, but we also assist in the time-consuming documentation process, ensuring low-cost yet professional corporate services in Dubai. In this way, you can rest assured that your company’s foundations are in safe hands. So, please reach out to us and have a word to initiate the formation of your Mainland Company.
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