Steps to start a business on the mainland
If you decide to start a business in Dubai, it means you have selected one of the finest business ecosystems in the world for your new endeavor. Dubai is recently the ideal location for new ventures. There’s no question that you can get so many potentials to be tapped in the emirate. So, if you are keen to start a mainland company formation in Dubai, then this blog will aid explain what you have to understand before your business formation.
The Steps for a Mainland Company Formation in Dubai
•If you wish to start your functions in this jurisdiction, you need to register your enterprise with the Economic Department of the emirate.
Choose a Business Category
•First of all, you need to select a business category for your mainland company formation in Dubai.
• In case you are overwhelmed about it or can’t get your kind in the official lists of business activities as given by the Economic Department, you can inquire directly at their official website.
Select a Business Structure
•The emirate gives several business structures to its ventures to select from. It will aid you in choosing a completely legal business license in Dubai.
Register a Business Name
•It is a vital part of the whole cycle of business setup in Dubai. You have to choose a business name that matches the type of business service your corporation wants to provide.
•You need to register a business name by making the payment of the necessary fees.
Select a Business Structure
•The emirate gives several business structures to its ventures to select from. It will aid you in choosing a completely legal business license in Dubai.
Register a Business Name
•It is a vital part of the whole cycle of business setup in Dubai. You have to choose a business name that matches the type of business service your corporation wants to provide.
•You need to register a business name by making the payment of the necessary fees.
Get the Initial Approval
•At this move, you should get a type of NOC from the Economic Department for initiating a business. In case you choose to form a company dealing the goods, legal services, or securities, you will need extra approvals.
Draft MOA
•Once you get the approval, you will have to request to draft a memorandum of association to the Department of Economic Development and then sign your company agent or LSA contract. These needs are based on the legal size of the company.
Rent an Office Space
•This is now time to get an office space in the emirate as all ventures in the city need an actual presence of the company.
•You require to get EJARI Verification, you will require your pre-approval certificate as well as tenancy contract and other papers. Once you get EJARI, you can move forward with further processes.
Obtain a Business License
•Once you have done with all the above-mentioned steps, now you have to present all the needed documents, and you have to submit them to the Department of Economic Development of Dubai and pay the needed fees. Then, you are able to get your business license for your company.
•Plus, based on the kind of business you are forming you could need to apply for extra business licenses from the relevant government body as per your business structure.
