Curious? Don’t Be, We are going to brief you about Business Setup in Dubai Mainland in this Blog and after reading it all you would have clarity about the Procedures and Documentations required for Business setup In Dubai Mainland. Dubai is one of the fasted growing cities in the world and is all set to host one of the biggest Expo of the Century in 2020. Every Month around 4500 – 5000 new companies across different sectors are registered in Dubai Mainland. Dubai Expo 2020 is to be kickstarted on October 20th, 2020 attracting more than 25 million visitors in the Span of 6 months is expected to help grow all the Business Establishments in Dubai at a faster pace.
Start Business In Dubai Mainland
Before your Business setup in Dubai Mainland, the first and most important decision you must make is about the Business itself. You need to ask yourself some questions first about the business Activity because every Business has a different Business License in Dubai. Within UAE you are open to start any business Be it Services, Trading, Manufacturing or Tourism just name it and you get your business license in Dubai and Kick Start your operations in no time.
Types of Business Licenses in Dubai
Professional: A Business license that is associated with the Service sector Businesses like IT Services, Marketing Management Services, Art Drawing Services, Project Management Services, etc. The professional license lets the Investor enjoy 100% Ownership of the Company and as an Investor, you only need a Local Emirati as Local Service Agent, not as a Partner. There is No Dilution of Ownership in this type of license and you can invest in Dubai’s Financial Instruments, Forex and Real Estate without any restrictions.
Business Setup In Dubai for a Professional company is not a complicated process at all, Dubai is ranked in the top 10 of the world’s ease of doing business list. Dubai hosts a lot of Big corporations and service sector enterprises, The service sector especially Marketing and IT are on a Roll in Dubai due to the high demand for Digitalized requirements of companies. Dubai also hosts 33% of the Worlds Construction cranes which makes it evident how in-demand construction related services are in Dubai. Architectural Services, Engineering consultancies, HR Agencies, Interior Designing and all other allied services are always in demand in Dubai. Get a Professional help for Business Setup In Dubai with SHURAA by your side to make all the process hassle-free.
Commercial LLC: Limited Liability Company in Dubai, Is a Business License that can be taken for any sector be it a Service Sector or Trading Sector. As an Investor you can always choose to start your service company as LLC, All the Trading companies owned by the Expats must be LLC companies because in Trading Sector and Some Important Service sectors only 49% of FDI is allowed.
The shareholding ratio in LLC companies is 51% Emirati and 49% Expat Investor, it is mandatory to have such Shareholding in MOA of the company and the Profit-Sharing Ratio of Minimum 20% Emirati and 80% Expat Investor. Though this Barrier makes it difficult for foreign investors to enter the UAE market who don’t want to share their profits with any Local Emirati and don’t want to Dilute their Ownership. This Is Where We “SHURAA BUSINESS SETUP” step in to make your Business, Yours only with 100% Rights of Ownership and no Division of Profits against a Nominal sponsorship fee.
SHURAA as Corporate Local Sponsors helps you achieve your goals of entering the UAE market without having to shred off your Ownership Rights or Profits. We at Shuraa have started a special SHURAA INVESTORS PROTECTION PROGRAM INCLUDES
- On MOA We Give all the Banking Rights to You Only as the Managing Director and As Local Partners, We “Shuraa” Cannot Sign on any Banking Documents.
- On MOA We give all the Rights Regarding Representation of the company to you and Shuraa Cannot represent the company at any event or in Infront of Any Govt Organization.
- On MOA we provide you with all the Rights Regarding the appointment of the company’s Lawyer at your own discretion.
- Shuraa Signs a Side Agreement with you which mentions that You as a foreign Investor are the Only Owner of the Company and all the Assets and Liabilities of the company belong to the Investors Only and Shuraa Acts just like a Local Sponsor and Charges you a Specific amount of Sponsorship fee in Return.
Industrial License: A Manufacturing license, If you want to manufacture the products/goods in Dubai you need to take an Industrial license. The shareholding of this license is more like a Commercial LLC company but these license procedures are a little more time-consuming. It takes around 40 – 60 days to get the Industrial Business license and the time duration depends upon the type of Establishment and the Approvals from relevant and concerned departments.
DOCUMENTS REQUIRED
- Passport Copy
- Tourist Visa Copy
- Entry Stamp Copy
DETAILED PROCEDURE
Step 1: You Fly to Dubai on a Tourist Visa
Step 2: Get Initial Approval & Name Approval Done
Step 3: Signing MOA (After Signing the Document Investor can Flyback)
Step 4: License is Issued ( Step 1 – Step 4 Total 4 Days Approx.)
Step 5: Apply for Immigration Card
Step 6: Apply for Investors Visa
Step 7: Visa Is Issued (Step 5 – Step 7 Total 7 Days Approx.)
Step 8: Medical Test (Investor Needs to be Present in Dubai)
Step 9: Medical Insurance
Step 10: Visa is Sent for Stamping on Passport
Step 11: Collect Passport (Step 8 – Step 11 Total 6 Days Approx.)
Step 12: Receive Emirates ID
