• by SNIZONE

Dubai is known for its business-friendly environment, making it an ideal location for entrepreneurs looking to start a new venture. If you are planning to open a mainland business setup in Dubai in 2023, there are several steps you need to take to ensure a smooth and successful process. In this article, we will provide you with a step-by-step guide on how to open a mainland business in Dubai in 2023.

Step 1: Choose Your Business Activity and Legal Structure for Business Setup in Dubai

The first step in setting up a mainland business in Dubai is to choose your business activity and legal structure. You will need to decide on the type of business you want to establish, such as a Limited Liability Company (LLC), a Sole Proprietorship, or a Branch Office. Once you have chosen your legal structure, you will need to register your business activity with the Department of Economic Development (DED).

Step 2: Find a Local Sponsor

To open a mainland business in Dubai, you will need to have a local sponsor who will hold 51% of the shares in your company. A local sponsor is a UAE national who will act as a partner and provide support in navigating the legal requirements of setting up a business in Dubai. You can find a local sponsor through a local service agent or a professional company formation agent.

Step 3: Obtain a Trade Name and Initial Approval

After finding a local sponsor, you will need to choose a trade name for your business and obtain initial approval from the DED. The trade name should be unique and relevant to your business activity. You can check the availability of your desired trade name through the DED’s website.

Step 4: Finalize Legal Documents and Register Your Business

Once you have obtained initial approval for your trade name, you will need to finalize your legal documents, such as the Memorandum of Association and the Articles of Association. You will also need to register your business with the DED and obtain a business license.

Step 5: Open a Corporate Bank Account

Moreover to operate your mainland business in Dubai, you will need to open a corporate bank account. You will need to provide the bank with your business license and legal documents, as well as your passport and residency visa.

Step 6: Obtain Visas for Your Employees

If you plan to hire employees for your mainland business in Dubai, you will need to obtain visas for them. You can apply for employee visas through the General Directorate of Residency and Foreigners Affairs (GDRFA).

Is it really worth it opening the Mainland Business in Dubai?

Opening a mainland business in Dubai in 2023 can be a rewarding and profitable experience. But it further depends on the niche you are selecting, as the demand and supply plays its part in the success of your business. Also by following the steps outlined in this article, you can ensure a smooth and successful process. We at the SNI ZONE offer you the complete business setup solution under one roof, from Business license to your employees visa stamping, we take care of all the services. With careful planning and execution, you can start your mainland business in Dubai and take advantage of the city’s thriving business environment.