Process of registering a company in Dubai may vary depending on the type of company you wish to establish and the business activities you intend to carry out. However, some general steps that are typically involved in the Process of Registering a Company in Dubai include:
- Choose a business activity and obtain the required licenses
- Choose a company name and register it with the Department of Economic Development
- Obtain a trade license from the Department of Economic Development
- Register with the Chamber of Commerce
- Open a corporate bank account
- Register for VAT
- Obtain the necessary visas for yourself and any employees
Difference Between Mainland and Free Zone Company in Dubai
It was a long time ago that the term Free Zone was unknown in Dubai. However, the term has become increasingly common in the last few years, particularly with the establishment of several Free Zones across the UAE. Free zones are special economic zones that offer many benefits to businesses, including tax and customs duty exemption, full foreign ownership, and repatriation of profits.
Mainland companies are those that are established in Dubai and are licensed and regulated by the Department of Economic Development (DED). Free Zone companies are those that are established in specific Free Zones in Dubai. These companies are licensed and regulated by the Free Zone Authority (FZA). Mainland companies Mainland companies are regulated by the Department of Economic Development (DED) and can be established anywhere in Dubai. Mainland companies are taxed. However, there are some benefits for businesses in Dubai, such as lower taxes, legal and accounting assistance, and office space. Mainland companies can employ both locals and foreigners. Mainland companies can own property in Dubai. Mainland companies can operate anywhere in the UAE. Mainland companies have a trading license that allows them to trade within the UAE. Free Zone companies Free Zone companies are regulated by the Free Zone Authority (FZA).
Mainland corporations are those corporations that are incorporated inside any of the 7 emirates (Abu Dhabi, Dubai, Sharjah, Ajman, UAQ, Fujairah, and RAK), but outside of the Free Zones. Mainland corporations generally have to have a UAE national because the 51% of the shares in the corporation. Free Zone corporations are those corporations that are incorporated inside any of the Free Zones that are scattered all over the UAE. Free Zone corporations are allowed to be 100% foreign owned without the requirement of a UAE national. Free Zone corporations are also allowed to own property and land within their Free Zone.
Mainland company is a company established within the legal jurisdiction of Dubai. Mainland companies are allowed to trade within the Emirates and can be 100% foreign owned. Free zone company is established within the special economic zones in Dubai. Free zone companies are allowed to trade with in the Emirates and with other GCC countries. Free zones are 100% foreign owned.