Dubai takes the favorite position for all the entrepreneurs around the world. It is a dream come true for entrepreneurs to have a fully-fledged business. It being popular for taking the position of the business hub of the world, it sure comes up with many challenges too.
If you are among the business entrepreneurs who would love to expand its wings in the city of Dubai, then you will need the right knowledge and an expert. There are also hoards of information available on the internet, but one may not know the amount of rightful information.
A smart move would be to consult with an expert advisory and also with the experienced Business Consultants. This will help you in getting the right government protocols and procedures.
This bog will also help you in highlighting the process of setting up a Mainland Professional and Commercial license. You can also contact companysetup.ae regarding Dubai Mainland Business License. Let’s look at the steps below to obtain Dubai Business License.
Step 1 – Define Your Business
Take your own time in defining your business as to choose the three main factors, that will eventually define the whole licensing process.
- Business Activity
- Legal Type
- Name of the Trade
You may be lucky as Dubai has opened its doors for the foreign investors for the upcoming Dubai 2020 Expo. Make sure to grab this opportunity, before the golden door closes.
Step 2 – Hire an Experienced Consultant Company
Dubai is the place where the rules and regulations of the government are prone to change even before you start the business in the country. So, you must deal with an experienced consultant company to get valid license permission from the Economic Department of Dubai.
Step 3 – Choose Your License Type
There are 3 types of license and they are
- Commercial License like the supplying of goods like textile, garments, dry goods and many more.
- Professional License like for the professionals who are doctors, lawyers, auditors, etc, artists, fashion designers and many more.
- Industrial License that includes textile manufacturing or medical equipment, etc.
Step 4 – Know Your Corporate UAE National Shareholder or Side Agreement Before Deal
According to UAE National Share Holder agreement, they hold up to 51% of your paper holdings. You can also have an Internal Side Agreement to gain full control over the business by agreeing to the condition to pay a sum of the amount annually to the UAE National Share Holder.
Step 5 – Get Initial and External Approvals
After all the applications have been submitted, wait for the approvals from the higher authority.
For further information and assistance Speak with our Experienced Business Consultants for further information and assistance, call us at +971582595164. Send a WhatsApp Message for Chat Query on +971 582595164 or email us at info@companysetup.ae.
