Dubai is a hub for foreign investors. Whether you invest in the mainland or trade-free zones, you enjoy several benefits as an investor. However, before you get a Dubai mainland license or free zone company, you must first choose the right legal structure for your business. You must also decide on a trading name and a local service agent. After you have all the details in place, you can apply for initial approval of your business. Next, you must submit documents to the DED and make all required payments. Once the documents are approved, you can apply for a business license. Some types of businesses are outside the DED’s control so you may need additional licenses from other agencies.
Choosing a trading name:
If you are planning to start a business in mainland Dubai, the first step is to choose a trading name. It is important to choose a business name that is unique and appropriate for your type of business. Also, your trade name should not violate the UAE’s public order and moral rules.
Choosing a local service agent:
If you are planning to start a business in Dubai, you should consider hiring a local service agent. This person will represent your business before the government and do the necessary paperwork. They will not own more than 51% of the company shares and will work with the government to ensure your business is registered properly. These professionals are paid an annual fee for their services.
Applying for initial approval:
Applying for initial approval to start a company on the mainland is an important step toward establishing your business in the UAE. Once approved, you will be eligible to bid for government consignments. This is particularly beneficial for companies that are targeting the local market. You can also network with other mainland companies through these consignments. Networking is a key factor in the business world.
Applying for a visa:
If you are considering opening a business in UAE, applying for a visa is relatively straightforward. The government has established a visa program that makes it easy for expatriates to establish a business on the mainland. The program also provides numerous benefits, such as residency rights for family members and the ability to sponsor dependents.