Get 100% UAE ownership Mainland trading for just 4080 USD

Posted by UAE Free Zones On June 9, 2021


UAE to allow 100% foreign ownership of companies in June 

There has never been a better time to setup a Mainland company in Dubai.

The UAE announced the law allowing 100% foreign ownership of companies last year - one of several steps aimed at attracting investment and foreigners into the Gulf state, which was badly affected by the COVID-19 crisis.

An important ‘next step’ for many companies is to understand what activities will be considered to have a ‘strategic impact’ and may therefore be outside the scope of these developments. It is still up to the discretion of the local governments to determine the level of ownership for eligible industries and economic activities.

Mohamed Ali Al Shorafa, Chairman of ADDED, said, "The decision is one of many decisions and initiatives to provide incentives for the private sector in Abu Dhabi and to enhance the status of Abu Dhabi on the global investment map."

What is a Trade License?

A trade license is a a special licence you must fulfil before being able to legally operate your business in the UAE. The system is regulated and watched over by the Department of Economic Development (DED). Upon of getting a trade license in Dubai, you will have permission to conduct the following:

  • Trade goods with other nations (Import and export)
  • Participate in a number of different commercial related activities
  • Advertise your product and services to the masses
  • Take part in different industries such as the restaurant and consultancy business.

Get a mainland trade license in Dubai

If you decide to set up your company in the mainland, then you must obtain a Dubai trade license, which will be issued by the Department of Economic Development (DED).

During the application process for the Dubai trade license, you will be asked to present the following documents to the DED:

  • A Department of Economic Development signed letter which approves the company’s name and business activity.
  • The completed application form which has been signed and attested by the company’s legal representative.
  • The tenancy contract of your office space.
  • Copies of the passports of all stakeholders in the company.
  • Memorandum of Association with a local sponsor.

When setting up your company in the Mainland area of Dubai, you will be liable to a host of costs and fees:

  • One-time fees for the initial application approval
  • Company name approval
  • Notarization of the Memorandum of Association with your local sponsor
  • External approvals (if required)

Are you interested in UAE ownership Mainland trading?

Our business setup consultants will clarify the differences between a DED Mainland License, Free zone License, Offshore License, Limited Contract (LLC Company), Trading Company, etc. We’ll help you figure out the type of business you can set up in Dubai based on your business activity and budget.

We have a team of multilingual experts dedicated to help you establish your business in the right Free Zone and handle the processing of a license, residence visa, or company bank account opening.

UAE Free Zones handles business formalities and support services required for your business set up. Our professional team will study your requirements and help you achieve your goals. We understand that every business has its own specific needs thus, we provide the flexibility to have your own tailor-made that meet your business provisions. If you have questions regarding any information required concerning our services, our team of freezone business consultants is always ready to help you. Our business advisors have been setting up new businesses in the UAE for many years and know all the ins and outs. They will be happy to give you the advice that you need and will most likely already have experience in setting up your business type. We want to make your dreams come true!

To get all the information you need, please contact us!