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A specialist in the practice of migration and corporate law, he also specializes in legal support of businesses in Ukraine and EU countries.
Company registration in the Mainland zone of Dubai
Dubai, one of the world’s most dynamic and innovative economic centers, continues to attract the attention of entrepreneurs from all over the world.
One of the most popular options for doing business in this region is registering a company in the Mainland zone. This zone offers entrepreneurs ample opportunities for business development and favorable working conditions.
In this article, we will look at the main stages and benefits of registering a company in the Mainland zone of Dubai.
What is the Mainland zone?
The mainland zone in Dubai is the territory in which companies have the right to carry out their activities without restrictions in the UAE market and beyond. Unlike free economic zones (free zones), companies in the Mainland have the opportunity to cooperate with state institutions, participate in state tenders and implement projects in various sectors of the economy.
The main advantages of registering a company in the Mainland zone
- Access to the local market
Companies registered in the Mainland zone have the right to do business directly with local markets and customers, which opens up great opportunities for expansion and development.
- Cooperation with state institutions
Mainland companies can participate in government tenders and cooperate with government organizations, which provides additional business opportunities.
- No restrictions on sales markets
Companies can freely operate both within the UAE and beyond, which provides greater flexibility and expansion of sales markets.
- The possibility of renting offices in any district
Companies can rent offices in any area of Dubai, which allows you to choose the optimal location for doing business.
Stages of company registration in the Mainland zone
- Choice of type of activity
The first step is to choose the type of activity of the company. There are over 2,000 activities to do in Dubai. It is important to choose the one that best suits your business goals.
- Choosing a trade name
The next step is to choose a unique trade name for your company. The name must meet Department of Economic Development (DED) requirements and not contain prohibited words or phrases.
- Search for a sponsor
According to UAE law, a foreign company must have a local sponsor (a UAE national) or a local partner who owns 51% of the company’s shares. The sponsor provides legal support and assistance in conducting business.
- Submission of documents to DED
After choosing a name and finding a sponsor, all necessary documents must be submitted to the Department of Economic Development. This includes the application for registration, copies of the passports of the founders and the sponsor, as well as documents confirming the lease or ownership of the company’s legal address.
- Obtaining a license
After the submission of documents and their review, the company is issued a license to conduct the chosen type of activity. This license is the main document that allows the company to officially carry out its activities.
- Opening a bank account
The last step is to open a corporate bank account in one of the UAE banks. This is necessary for conducting financial transactions and calculations.
Registering a company in the Mainland zone of Dubai opens up great opportunities for business development and expansion of sales markets for entrepreneurs. Despite certain requirements and formalities, this process is quite clear and accessible.
Due to favorable conditions for doing business, including access to the local market, cooperation with government institutions and the possibility of renting offices in any area, registering a company in the Mainland zone is an excellent choice for entrepreneurs who want to succeed in one of the most prosperous regions of the world.
Your reliable partner – the law firm “Prikhodko and Partners” will provide high-quality consultation, quickly and efficiently accompany the process of registration and legalization in the UAE.
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A specialist in the practice of migration and corporate law, he also specializes in legal support of businesses in Ukraine and EU countries.
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