HOW TO START AN OIL TRADING BUSINESS IN DUBAI

A mainland company is an onshore company licensed by the Department of Economic Development (DED) of the related emirate which is allowed to do business in the local market as well as outside UAE without any restriction. When it comes to company formation in Dubai, Mainland is the most popular and pragmatic choice as it has the maximum benefits that the country has to offer in setting up businesses.

The type of license will determine if one needs a local partner (Commercial and Industrial license) or a Local Service Agent (Professional License), Professional license is required when an individual or a group of individuals provide their expert service, and the business is 100% owned by the expatriate. The local Service agent acts as representatives in administrative dealings with government departments. The local service agent does not hold a stake in the business and is instead paid an annual fee for their service.

• Mainland companies are free from the burden of corporate tax completely.
• No capital and no mandatory audit requirement.
• Obtaining a license for a Mainland company formation in Dubai is easy.
• The business can be controlled from all parts of the UAE.
• There are no legal restrictions on currency being used.
• Visa & Corporate bank accounts can be obtained easily.
• 100% repatriation of capital and profit is possible.
• The business office can be located anywhere in Dubai.

“THE BIGGEST CHALLENGE WITH DESIGNING ENTERPRISE APPLICATIONS IS THE LACK OF EXAMPLES OF PATTERNS THAT WORK OR DON’T WORK IN SPECIFIC SCENARIOS.”
WHAT BUSINESS ARE YOU TRYING TO ESTABLISH? A COMMERCIAL, PROFESSIONAL, OR INDUSTRIAL ENTERPRISE. THE NEXT STEP IS TO GET A LICENSE FOR YOUR BUSINESS.

Type of Business
Ownership
Business name
Local agent

STEPS ON HOW TO ESTABLISH A COMPANY IN DUBAI

1. Choose your business wisely
2. A Company Name
   
3. The Paperwork
   
4. License your Business
   
5. A Bank Account
6. Process your Visa
   
7. Create a website
   We Altharaa Corporate Service provide Full Package Company set up. All services. Negotiable fee you can trust. Fully qualified team. PRO, tax and accounting support. Business bank account opening. Perfect office space.  
8. TRUST & MOVE!

Mail Address: Admin@altharaadubai