A Dubai Mainland license allows businesses to operate freely within the Dubai mainland, which is regulated by the Department of Economic Development (DED). Setting up a new business in Dubai Mainland will give freedom to choose office location, flexibility to do retail or wholesale. it allows you to import, export and local trading all across the UAE.
The Advantages of Dubai Mainland license :
- You can have 100% ownership of your business.
- You can operate anywhere in the UAE.
- You can own or rent office spaces anywhere in Dubai Mainland.
- You can do business with government entities.
- There are fewer restrictions based on nationality for obtaining a license.
- It’s easier to open bank accounts, especially with traditional banks.
- You can easily scale your business by adding more visas to your license.
- You don’t necessarily need a physical office space to register your company in Dubai.
How to setup a Dubai Mainland License
The Business registration of a mainland license will following steps
- Trade Name Reservation a tradename is a name which would be used as company name, typically a trade name has three parts in the company name, First part would be the name of your choice and second part usually the main business activity name and last part usually abbreviation of your company structure.
For Example: HABIB BAKERY & SWEETS (L.L.C.) Here “Habib” word is customer choice name or word and “BAKERY & SWEETS” are come from the business activity while L.L,C indicate the company type of structure.
Initial Approval: In this step we will request the DED department to provide an initial approval for our company registration in Dubai Mainland or DED. So in this process we submit shareholder information along with business activities we need in the license. Once application is submitted, all shareholders details checked by security department, if any of the share holder have any issue the process could be halted with appropriate reason. in the second part this process the authority will check the scope of business activity, if it require additional approval from other department, the NOC will be provided. Once DED insure all thing are as per guidelines you will get the initial approval.
Memorandum of Association: A Memorandum of Articles, often referred to as the Memorandum of Association, is a key document in the formation of a company. It outlines the company’s structure and purpose and is one of the fundamental documents required for registering a company in many jurisdictions.
Here are the main components typically included in a Memorandum of Association:
Company Name: The legal name of the company.
Registered Office: The address where the company’s official documents will be stored.
Objectives: A statement of the company’s purpose and the nature of its
business activities. Liability: Information about the liability of the members (limited or unlimited).
Share Capital: The amount of share capital the company is authorized to issue, including details about different types of shares if applicable.
Trade License Payment: As soon as all shareholder sign teh MOA, the system will issue a payment voucher, which include a number of fees related to business license, typically these fee could vary on various factors, some of them are as number of shareholder in the license, total rent amount of your office or shop, company Name fee, if it is a foreign or special name it will cost high.
License Issuance: As soon as we the payment voucher amount, we will get a Business license copy, that is the final step of company registration in Dubai Mainland