Obtaining a Dubai mainland license is a good step for entrepreneurs looking to establish a business that can operate freely within the UAE. The process involves various documentation requirements that ensure compliance with local regulations. Below is an inclusive list of the essential documents needed to secure a mainland license Dubai.
Complete the application form:
The first step in the licensing process is to complete the application form provided by the Department of Economic Development (DED). This form requires essential information about the business, including the proposed business name, type of activity, and details about the local sponsor.
Well-drafted business plan:
A well-drafted business plan is important for outlining your business objectives, target market, financial projections, and operational strategies. This document helps in securing the license and also works as a roadmap for your business’s future. The DED may review your business plan to understand the viability and scope of your proposed operations.
Copy of passport and residency visa:
A copy of the passport and residency visa of the business owner(s) is required. This documentation helps verify the identity and legal status of the individuals behind the business. Ensure that the documents are clear and up-to-date to avoid any delays in the application process.
Local sponsor agreement:
Since a mainland company must have a local partner or sponsor who holds at least 51% of the business, a local sponsor agreement is essential. This document outlines the terms of the partnership, including profit-sharing arrangements and the responsibilities of each party. It is advisable to select a trustworthy local partner to ensure a smooth business relationship.
No objection certificate (NOC):
If you are an expatriate applying for a business license while on a UAE residency visa, you may require a No Objection Certificate (NOC) from your current employer. This document confirms that your employer has no objections to your venture, which can be particularly important if you hold a work visa in the UAE.
Memorandum of association (MOA):
The Memorandum of association outlines the company’s structure, objectives, and shareholder details. It is an important legal document that defines the roles and responsibilities of the partners or shareholders. This document must be notarized by a public notary in the UAE.