Steps to Start a Business on the Mainland  - PowerPoint PPT Presentation

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Steps to Start a Business on the Mainland 

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In Dubai, establishing a business on Mainland needs a few. Straightforward process. Mainland firms are entities that enable you to conduct business – PowerPoint PPT presentation

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Date added: 13 February 2024
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Title: Steps to Start a Business on the Mainland 


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STEPS TO START A BUSINESS ON THE MAINLAND
In a few years, the UAE has become one of the
best and largest centers of business.
Entrepreneurs worldwide flock to the UAE to
establish their businesses. The countrys economy
has experienced a rapid surge propelled by the
recent expansion of both domestic and
international businesses. Dubai stands out as one
of the premier Emirates in the UAE, renowned for
its business-friendly environment and
unparalleled development. Entrepreneurs are
drawn to its vast potential and abundant
opportunities for growth and success. Many
independent entrepreneurs and Commercial
financiers have the potential to achieve highly
profitable investment outcomes by establishing a
company within Dubais mainland. In Dubai,
establishing a business on Mainland needs a few.
Straightforward process. .
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WHAT IS A MAINLAND COMPANY
When you get registered as a company by the
Department of Economic Development (DED) to do
business, the business organization is known as a
Mainland Company. The firm will be permitted to
run business internationally without any
boundaries, after completing the Mainland company
setup In the UAE, Dubai Mainland is the most
preferred choice to set up a business. Company
setup in the Mainland, gain all the benefits that
are delivered by the country.
TYPES OF LICENSES THAT YOU CAN GET IN DUBAI
MAINLAND
If you want to establish an enterprise in
Mainland Dubai, you must require to obtain a
trade license from the relevant authority. There
are a total of six types of licenses that you can
get to open a Business in Dubai.
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DOCUMENTS NEEDED FOR SETTING UP THE BUSINESS
  • You must be required to deliver a set of
    documents to the officials of DED to get the LLC
    in Dubai.
  • If you intend to establish a personal LLC, you
    are required to provide the following documents.
  • A photocopy of your passport, your Emirates ID,
    family book, and work ID of the Emirati
  • The name of the company. You need to present DED
    with at least five suggestions.
  • If your business partner is not a UAE citizen,
    you must provide their tourist visa along with a
    copy of their passport.

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STEPS OF SETTING UP A BUSINESS ON THE DUBAI
MAINLAND
A sequence of steps must be followed to initiate
a business in Dubai Mainland.
Identifying the Business Opportunity and
Activity-
Before starting a business in Mainland Dubai, you
are required to look at the enterprise trends and
opportunities. Then establish a Mainland business
in the UAE, you are required to select the legal
form and the license.
Choose the Legal Form
You are required to select the legal form, for
establishing a company. The legal form will
assist you in understanding the laws and
regulations that will make an application,
depending on the nature of your enterprise.
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Trade Name Registration
To register a trade name, you need to go to the
Emirate Economic Department. Your chosen trade
name will distinguish your firm from others in
the market. You can easily complete the
registration process by website or mobile
application.
Getting Initial Approval
After obtaining the initial green approval from
the government, you can take specific
business-related steps. An initial approval
indicates the governments endorsement of
establishing your business in the UAE. If you are
an international investor, you are required to
obtain approval from the General Directorate of
Residency and Foreigners Affairs.
MOA and LSA-
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You are required to get a Memorandum of
Association (MOA) and a Local Service Agent
Agreement (LSA), based on legal form. You can get
your MOA and LSA from any UAE-based law firm.
Choose the Ideal Location for Business
Establishment-
To obtain the area from where you can run your
enterprise, you are required to comply with all
the sets needed by the Emirates Department of
Economic Development.
Get Additional Approval from the Government-
An enterprise requires permissions and approvals
from the Ministry of Interior, Ministry of
Justice, Executive Council, Telecommunications
and Digital Government Regulatory Authority
(TDRA), Local Municipal department, and the Local
Health Departments.
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CONTACT US
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futuredream.ae
info_at_futuredream.ae
Office 401, 4th floor, Addidas Outlet Store, Bank
Street Road Burjuman, Dubai, UAE
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