Obtaining a cheapest mainland license in Dubai, the vibrant economic hub of the United Arab Emirates (UAE), offers entrepreneurs access to a wide range of opportunities and markets. The process of securing a mainland license involves several steps, each designed to ensure compliance with regulations and facilitate a smooth entry into Dubai’s dynamic business landscape. Here is an overview of the procedure to get a mainland license in Dubai:
Choose your business activity and legal structure
Before initiating the licensing process, determine your desired business activity and legal structure. Dubai offers a comprehensive list of activities spanning various industries. Your chosen activity will influence the type of license you need. Additionally, select the legal structure that best suits your business goals, such as sole proprietorship, partnership, or limited liability company (LLC).
Select a local sponsor or service agent
For certain business activities, UAE law mandates the involvement of a local sponsor or service agent who is a UAE national. This requirement varies based on the type of business and the emirate. The sponsor or agent does not have ownership or control over your business but facilitates government approvals and other administrative procedures.
Choose a business name and reserve it
Select a unique and suitable business name that aligns with your chosen activity. The proposed name must adhere to the UAE’s naming conventions and should not infringe on existing trademarks. Once you’ve finalized the name, it needs to be reserved through the Department of Economic Development (DED).
Prepare legal documents
Gather the necessary legal documents, which typically include a business plan, copies of shareholders’ passports and visas, a No Objection Certificate (NOC) from your sponsor or partner (if applicable), and other required paperwork. These documents demonstrate your business’s legitimacy and purpose.
Choose a business location and lease agreement
Select a physical location for your business within Dubai. The location must adhere to zoning regulations and fit the nature of your business activity. Secure a lease agreement for the chosen premises. Keep in mind that the location plays a significant role in the licensing process.
Obtain initial approval
Submit your application and documents to the DED for initial approval. This step involves a review of your business plan and compliance with regulations. Upon receiving initial approval, you will be issued a preliminary approval certificate.