Dubai’s business environment is vigorous and constantly evolving, with new regulations periodically introduced to improve transparency, efficiency, and competitiveness. Recent updates to mainland licensing regulations aim to streamline the process, improve compliance, and support business growth. Here’s an overview of the key new regulations for a mainland license Dubai that you need to be aware of.

Updated shareholding requirements:

One of the significant changes in mainland licensing regulations is the adjustment to shareholding requirements. Previously, foreign investors needed a local partner to hold at least 51% of the company’s shares. However, recent amendments have introduced more flexibility, allowing 100% foreign ownership in certain sectors and types of businesses. This change simplifies the process for foreign investors and gives them greater control over their business operations.

Introduction of the “one-stop-shop” service:

To streamline the business setup process, the Dubai Department of Economic Development (DED) has introduced a “one-stop-shop” service. This service consolidates various business registration and licensing procedures into a single platform, reducing the need for multiple interactions with different government departments. The “one-stop-shop” aims to simplify the process, cut down on administrative delays, and improve overall efficiency for business owners.

Mandatory use of the e-services platform:

The DED has made it mandatory for all new and existing businesses to use its e-services platform for license applications, renewals, and other regulatory processes. This move towards digitalization is intended to expedite processing times, reduce paperwork, and improve accessibility. Business owners are now required to complete and submit their applications online, ensuring a more streamlined and transparent process.

Improved compliance and reporting requirements:

New regulations have introduced stricter compliance and reporting requirements for mainland businesses. Companies are now required to maintain detailed records of their financial transactions, operational activities, and corporate governance practices. Regular audits and compliance checks are mandated to ensure adherence to regulatory standards. These measures aim to improve transparency and accountability within the business sector.

Changes to office space requirements:

There have been updates to the regulations regarding office space requirements for mainland licenses. While a physical office space remains necessary, the new regulations offer more flexibility in terms of office size and location. Co-working spaces and virtual office solutions are now permitted under specific conditions, allowing businesses to reduce overhead costs and adapt to modern working arrangements.