KEY STEPS TO START A GENERAL TRADING BUSINESS IN DUBAI

If you want to start a retail business, then a local company in the mainland will be suitable for you. A local company in Dubai must be registered with the Department of Economic Developmen (DED). If you want a Commercial license, you will need to have a local partner with 51% shares whereas you, as a foreigner, shall have 49% shares. Commercial activities include wholesale and retail trade, construction, transportation, stockpiling, communication, financial intermediation, real estate, and leasing.

However, if you are looking for Professional license, you, as a foreign investor, can be 100% owner of your business. Professional activities include marketing and management consultancy, restaurants, coffee shop, beauty and spa salon, and many more.

One of the requirements of a local company is to have a physical office. Without a physical office, the registration of local company cannot be completed and the license cannot be issued. One of the benefits of local company is that it is allowed to trade across the UAE and international markets. Additionally, you are eligible for UAE resident visas under the local company sponsorship.

HOW TO START A BUSINESS IN DUBAI MAINLAND

1. SELECT A BUSINESS ACTIVITY
2. SELECT THE JURISDICTION
3. FINALISE THE COMPANY STRUCTURE/ LEGAL FORM
4. GET APPROVAL FOR YOUR COMPANY NAME & ACTIVITY
5. APPLY FOR TRADE LICENSE
6. REGISTER YOUR COMPANY
7. FIND A LOCAL AGENT ( IF REQUIRED )
8. GET YOUR EXTERNAL APPROVALS
9. PREPARE YOUR MEMORUNDUM OF ASSOCIATION
10. RENT AN OFFICE
11. GET THE TENANCY CONTACT & EJARI
12. GET THE INITIAL APPROVAL
13. COLLECT YOUR TRADE LICENSE.

• 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

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.  

TRUST & MOVE!

Mail Address: Admin@altharaadubai.com