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Sole Establishment Company Formation In Dubai

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Sole Establishment Company Formation In Dubai

Advantages of Mainland Company Formation – Mainland company formation in Dubai offers numerous advantages, making it an attractive option for businesses looking to establish a presence in the UAE. One of the key benefits is the ability to trade freely within the local UAE market as well as internationally, without any restrictions. Mainland companies can bid for government projects and are eligible for a range of business activities, unlike free zone companies that are limited to specific sectors. Additionally, mainland companies can have a physical office space anywhere in the UAE, providing greater flexibility in choosing a strategic location. They also benefit from 100% foreign ownership in certain sectors, especially following recent regulatory changes. Moreover, mainland companies offer a straightforward visa process for employees and their families, facilitating easier relocation and expansion. Overall, mainland company formation provides a robust framework for business growth and opportunities in a thriving economic environment like Dubai.

Sole Proprietorship Company Setup in Dubai

Advantages of Sole Establishment Company Formation in Dubai – A Sole Establishment Company in Dubai offers several advantages for entrepreneurs and investors. Firstly, it provides full ownership and control, allowing the owner to make independent decisions and retain all profits. This structure is particularly attractive to expatriates who wants to hire more employees thus their documents are not used, as it does require a local sponsor, which is mandatory in some other business forms. Additionally, setting up a Sole Establishment is relatively straightforward and cost-effective, with fewer regulatory requirements compared to other business entities. It also allows for a wide range of business activities, including professional, commercial, and industrial services. Furthermore, Dubai’s strategic location, modern infrastructure, and favorable tax environment enhance the potential for business growth and access to regional and international markets.

Process to Open A Sole Establishment Company in Dubai
(Dubai Mainland Setup Process)

Begin your company formation journey with a free consultation. This step helps in selecting the most suitable location and business activity for your Sole Establishment. Please note only Professional Activities can be setup in Sole Establishment and not commercial one.

We confirm if you have previously entered the UAE to create a profile in the Department of Economic Development (DED). This profile creation requires an active mobile number and email ID and allows you to complete the licensing process without being physically present in the UAE.

After profile creation and selection of your desired business activity, we proceed with obtaining initial approval from the Dubai Economic Department (DED).

Provide us with three preferred business names to check for availability. Once a name is available, we reserve it for your business license. As per DED regulations, the activity type must be mentioned after the chosen business name.

We draft a standard Local Service Agreement (LSA) approved by the DED. This can be digitally signed online or in front of a notary, depending on authority requirements.

If you have your own office space, provide us with the Ejari certificate to link with your license application. Alternatively, we can source a virtual Ejari for you.

Upon successful submission of all documents, we will receive a payment voucher. Once payment is made, the business license will be issued, subject to DED approvals.

Post-license issuance, we will register your company with immigration and initiate the visa application process for the investor/partner.

With your business license and Emirates ID, we can assist you with the digital bank account opening process, which you can complete at your convenience.

Documents Required to Start the Process

For Individual, the following additional documents are required

- Provide 3 preferred trade names (in order of preference).

- Passport copy, visa copy, and Emirates ID of the manager(s)
- Mobile number and email address

- Passport copy, visa copy, and Emirates ID of the manager(s)
- Mobile number and email address

- Office lease agreement (if not opting for a virtual office)

- Passport holding photograph

- Any other documents as requested by the authorities.

For Corporate Shareholders, the following additional documents are required

- Notarized by the issuing authority, and attested by the UAE embassy and Ministry of Foreign Affairs (MOFA) in the UAE.

- Trade license, certificate of incorporation
- Certificate of incumbency
- MOA/AOA for the parent company, all attested by the UAE embassy and MOFA in the UAE.

Trade Names

Provide 3 preferred trade names (in order of preference)

Manager's Documents

Passport copy, visa copy, and Emirates ID of the manager(s)

Mobile number and email address

Shareholder's Documents

Passport copy, visa copy, and Emirates ID of the manager(s)

Mobile number and email address

Ejari

Office lease agreement (if not opting for a virtual office)

Photograph

Passport holding photograph

Additional Documents

Any other documents as requested by the authorities

Sole Establishment Company Formation In Dubai