What are the steps to getting a business license?

Posted Leave a commentPosted in UAE Mainland Company Formation

Businesses that: conduct insurance activities need to obtain the approval of Ministry of Economy conduct transport activities should obtain the approval of Ministry of Interior offer legal consultancies must obtain the approval of Ministry of Justice sell firefighting equipment will need the approval of Civil Defense. After completing the steps mentioned above, a business entity […]

Are approvals mandatory for running a business in Mainland apart from DED?

Posted Leave a commentPosted in UAE Mainland Company Formation

Yes. In some cases, approvals of bodies other than the DEDs are required. Businesses that: conduct insurance activities need to obtain the approval of Ministry of Economy conduct transport activities should obtain the approval of Ministry of Interior offer legal consultancies must obtain the approval of Ministry of Justice sell firefighting equipment will need the […]

What are the mandatory requirements for choosing a location for a business?

Posted Leave a commentPosted in UAE Mainland Company Formation

It is mandatory that all businesses should have a physical address. The chosen location must comply with the requirements set out by the Department of Economic Development in the respective emirate and the zoning regulations of the local municipalities. In Dubai, the business should have a rent agreement (MoU) for the proposed location of your […]

Is there any need for extra approval for foreign investors to start a business?

Posted Leave a commentPosted in UAE Mainland Company Formation

Yes. Foreign investors must obtain the approval of the General Directorate of Residency and Foreigners’ Affairs before getting the initial approval. Please be advised that the initial approval does not allow a foreign investor to practice the activity, unless a commercial license is duly issued, as a last step of the process. Advisory Services Mainland […]

Can you provide some information on obtaining initial approval?

Posted Leave a commentPosted in UAE Mainland Company Formation

After determining the activity and the legal form and registering the trade name, you need to obtain the initial approval certificate. It is only after seeking the initial approval that you can proceed for additional approvals of authorities other than the DEDs which is required in case of certain business/trading activities. Mainland Company Formation   […]

What are the legal forms of business in the Mainland?

Posted Leave a commentPosted in UAE Mainland Company Formation

The following are the company types: Joint Liability Company Simple Commandite Company Limited liability Company (LLC) Public Joint Stock Company (PJSC) Private Joint Stock Company (PrJSC) Other types of companies: Sole establishment Civil company Local Company Branch Foreign Company Branch GCC Company Branch Free zone company branch Foreign companies’ representative offices Mainland Company Formation Advisory […]

What are the legal forms of the company that can be registered in Mainland?

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Joint Liability Company – A joint liability company can conduct only commercial and industrial activities. Limited Liability Company (LLC) – Limited Liability Companies (LLCs) have permissions to conduct any industrial, commercial, professional and tourism business. Public Joint Stock Company – A public joint stock company can practice any industrial, commercial or professional business activities. Private […]

What are the Business type categories to start a business in the Mainland?

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Commercial – Commercial activities are the activities that require a capital. Some examples of this can be wholesale and retail trade, construction, transportation, communication, financial mediation, real estate and leasing. Professional – Professional activities are the activities that depend on mental and physical effort. Examples include agriculture, fishing, education, health, social work and community, social […]

Can you give an indication of the Nationality of partners for starting a business in Mainland?

Posted Leave a commentPosted in UAE Mainland Company Formation

Nationality of partners is a key factor in determining the type of business a person can set up on the mainland. Only UAE nationals can set up the following types of companies: Joint liability companies (partners must be UAE nationals) Simple commandite companies An industrial or commercial type sole proprietorship License for home-based businesses SME […]

Can you give an indication of the Capital requirements for a company on the mainland?

Posted Leave a commentPosted in UAE Mainland Company Formation

As mentioned above, Capital requirements for a company on the mainland depends on the legal form of business. For a Public joint stock company, the minimum capital is AED 30 million. For a Private joint stock company, it should not be less than AED 5 million paid in full. For other type of businesses, the UAE […]

What are some of the cost involved in setting up a business in Mainland UAE?

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Setting up a business involves raising capital investment, paying for licenses and employee visas. Also, the cost depends on: The nature of the activity and license required such as whether the business is commercial, industrial or service-oriented in nature. What is the legal form of the company such as whether it is an establishment, a […]

Which are the Key government entities whom I should contact to start a business in the mainland?

Posted Leave a commentPosted in UAE Mainland Company Formation

The Department of Economic Development of the respective emirate is to be approached for ‘initial approval’ and registration the trade name. This can be done by either by visiting their office or through their eServices. Please note that only after seeking the initial approval you can proceed for additional approvals of other authorities which is […]