In exciting news for entrepreneurs, recent business reforms have eliminated the need for a local sponsor across 122 business verticals. This groundbreaking change allows investors seeking mainland company setups in the UAE to enjoy full ownership. To learn more about these developments, reach out to Optimum Point Business Solutions.
Trade Name Registration: Investors are required to propose three names, from which the Department of Economic Development (DED) will approve one.
Business Type Selection: Investors must choose their desired business type, such as sole establishment, civil company, or limited liability company.
Initial Approval: The DED grants initial approval for the trade name and business activity.
External Approval (if applicable): Certain business activities, such as those related to health and tourism, may require additional approval from relevant government bodies besides the DED.
EJARI Rental Contract: Secure an EJARI rental contract for office space. (EJARI is a system for registering tenancy contracts in Dubai.)
Memorandum of Association: The investor signs the Memorandum of Association with the local sponsor.
Payment Voucher Formalities: Complete payment voucher formalities.
Trade License Issuance: Upon completion of the above steps, the trade license is issued to the investor, marking the completion of Dubai mainland company incorporation.