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Mainland company formation in Dubai involves several steps, and it's vitally important to follow the legal procedures and requirements set by the Department of Economic Development (DED) in Dubai. Here's a general guide on mainland business setup in Dubai
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MAINLAND BUSINESS SETUPIN DUBAI
MainlandCompany FormationinDubai It involves several steps, and it's vitally important to follow the legal procedures and requirements set by the Department of Economic Development (DED) in Dubai. Here's a general guide on mainland business setup in Dubai
BusinessActivityandLegal Structure: Decide the type of business activity you want to engage in and choose a legal structure for your company. Consult the DED or a business consultancy services in dubai to ensure your chosen activity is permitted and to get advice on the best legal structure for your business. TradeNameApproval: Choose a unique trade name as per the naming conventions and regulations for your business Submit the proposed trade name to the DED for approval.
InitialApprovalandMOADrafting: Obtain initial approval for your business from the DED. Draft the Memorandum of Association (MOA) and get it notarized through a public notary in Dubai OfficeSpace: Rent an office space in an approved business center or a commercial building. The office space should comply with DED requirements. LocalSponsorship: Draft a local sponsorship agreement as per UAE laws . The local sponsor who must be a national of UAE will hold 51% share in the company.
SubmitDocumentstoDED: Submit the required documents i.e. passport copies of shareholders,visa copies ,NOC from current sponsor to the DED for final approval. LicenseIssuance: Once the DED approves the documents, pay the necessary fees and obtain your business license. VisaProcessing: Now Apply for visas for yourself and your employeethat involves submitting required documents, medical tests, and obtaining Emirates ID.
BankAccountOpening: Open a business bank account in a UAE bank using your new trade license and other required documents. Post-LicenseCompliance: Comply with all post-license requirements, including renewing your trade license, visas, and any other permits. It's highly recommended to work with a reputable business consultancy services in dubai or legal advisor to navigate the complexities of mainland business formation in Dubai and ensure compliance with all regulations. For a low-cost business setup in Dubai, consider researching cost-effective office spaces and negotiating with business setup consultants SNC Global can guide you through the process efficiently.
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