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Mainland LLC Business License
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Mainland LLC Business License
Obtaining a mainland business trade license is an essential part of setting up a trading venture in any part of the United Arab Emirates. Beginning a mainland LLC has become one of the most followed practices, especially by foreigners in the United Arab Emirates. Most of the clients we serve with our services include entrepreneurs who have begun a mainland limited liability company in UAE. Without a hassle that have obtained a mainland business trade license and are now established and operating successfully as well. The reason why you should begin a mainland LLC are countless but here are some reasons why this form of entity is widely popular in the United Arab Emirates:
- You will be given maxima flexibility to operate in any part of the United Arab Emirates. You need to obtain a mainland business trade license.
- No limit on the number of visas that will be granted to you and your team. However this also largely depends on the size of the office space. Along with you being given a mainland business trade license.
- You can also easily obtain and acquire office premises anywhere in mainland Dubai.
- Once you have a mainland business trading license. You are allow to have more options for the type of business you wish to operate.
- One a mainland business trading license is given. You will have the added benefit of fewer nationality restrictions in ownership. And visas as compared to other similar jurisdictions.
Common licensing options
Lets now tell you about the most common main licensing options that you can be take under the Dubai Department of Economic Development (DED). Note that all our other clients who have a limited liability business venture have one of these and hence operate successfully.
A professional mainland business trade license:
Professional companies may be 100% foreign own under this license. However, if you have one of these you will have to appoint a local service agent or a local sponsor given you are not operating within a free zone area in the UAE. Also, you must know that existing companies can invest in a new local or civil company if they reflect and hold the same business activity as the parent company that is primarily investing.
A commercial mainland business trade license:
This license allows our clients to provide physical services and other trading activities. The establishment of a LLC in Dubai is the most widely used commercial entity for businesses. With mainly foreign ownership who wish to conduct commercial activities and trade in the United Arab Emirates. After this form of mainland business trade license is obtain. Each of the partners for the entity will only be liable to the extent of their share capital in the company.
An industrial mainland business trade license:
They issue license to the companies that wish to engage in manufacturing or any other types of industrial activities. The activities that our clients are involve in include medical supplies manufacturing or textile manufacturing. While you are applying for this license you will have to transact with the department of economic activity in Dubai. With the multiple opportunities available for you in Dubai, all you need a registered Limited liability company that holds a mainland business trade license. And the with our services you will be able to easily begin trading and become established in no time at all. Now that you know all about the type of licenses you need to primarily obtain a mainland business trade license, let’s go through the requirements you will have to fulfill in order to begin trading as a limited liability company in the United Arab Emirates:
Book a trade name before you apply for a mainland business trade license:
You can, like all our other clients also choose to have a desired trade name that is available and legal. You must remember that your trade name will signify the nature of your business activity. And this is why we are here too. We will formally assist you in looking for and deciding upon a trade name that will soon become the face of your company and aid in tremendous recognition wherever you operate.
Screening for further approval:
In order for you to proceed further, you will have to seek an initial approval from DED. Our major consultants will give you and assist you with a list of documents that are required based on the business activity you undergo. The major documents will include the following:
- A Registration & licensing Application form & proof of reserved trade name.
- Several Photocopy of the applicant’s identification.
- A Photocopy of applicant’s naturalization identification.
- For Expats: NOC from the applicant’s current sponsor, that is if you have one.
- For applicants aged under 21. You need to obtain the permission from court for them to practice business.
- Depending on the type of company you are willing to setup. They can also ask you to present some additional documents as well. However you do not have to worry about it.
Get your initial approval:
This step will confirm your application. And make sure that it fulfills the standard requirements. After this, you will be ready to proceed without any further ado.
External approvals or special approvals
Some Business activities licenses are also subject to external approval from specialized related authorities and these may include the following:
- Cargo Cleaning, Packaging, Fishing cages manufacturing activities
- Medical License
- Insurances – Insurance Authority
- Oilfield & natural Gas Activities: Ruler’s Court
- Tents, Awnings & tarpaulin Manufacturing/Contracting & Building maintenance
- Travel & Tourism – DTCM (Department of tourism & Commerce marketing)
- Printing, Publishing & Advertising Activities– NMC (National Media Council)
- Social Club Registration & Licensing – Community Development Authority
- Gym & Fitness Centers – Dubai Sports Council
- Transport & Vehicle rental activities – RTA (Road & Transport Authority)
- Training Institutes & Educational Establishments: KHDA (Knowledge & Human Development Authority)
- Banks & Financial Institutions – Central Bank of Dubai
Our Business Consultant for you will help you in identifying whether there is any external approval require for your Business license or not. Now that you know it all, make sure to freely contact us. If you believe you do not understand something so we can help to gain recognition as widely as possible.