Starting a business in Dubai mainland is an attractive proposition for entrepreneurs. It provides access to a large, diverse consumer market, a stable economy, and a supportive government encouraging business growth. However, setting up a business in Dubai mainland can take time and effort. Here are the steps involved in starting a business on Dubai mainland: Visit this site to know the mainland company setup Dubai cost.
Choose a business activity and legal structure:
The first step in starting a business in Dubai mainland is choosing the business activity type and legal structure. Entrepreneurs must select a business activity that aligns with the Dubai Department of Economic Development (DED) classification system. Additionally, they must choose the appropriate legal structure, such as a sole proprietorship, partnership, or LLC.
Choose a business name and reserve it:
Once the business activity and legal structure have been determined, entrepreneurs must choose a name for their business and reserve it with the DED. The title should be unique and not already registered with the DED. The name reservation can be made online or in person.
Obtain initial approval:
Entrepreneurs must obtain initial approval from the DED before proceeding with the registration process. This involves submitting the necessary documents, such as passport copies of the shareholders and managers, business plan, and NOC from the landlord.
Rent an office space and obtain a tenancy contract:
Entrepreneurs must rent an office space and obtain a tenancy contract. The office space should meet the requirements set by the Dubai Municipality, and the tenancy contract should be registered with the Ejari system.
Obtain trade license:
Entrepreneurs must obtain a trade license from the DED. This involves submitting the necessary documents, such as the tenancy contract, initial approval certificate, and business plan.
Obtain additional approvals and permits:
Depending on the nature of the business activity, entrepreneurs may need to obtain additional approvals and permits from other government authorities, such as the Dubai Municipality, Dubai Health Authority, and Dubai Civil Defense.
Register for VAT:
Entrepreneurs must register their business for VAT if their annual turnover exceeds the threshold set by the Federal Tax Authority.
Open a corporate bank account:
Once the trade license is obtained, entrepreneurs must open a corporate bank account in Dubai to conduct business transactions.