Mainland Company setup in Dubai permits businesses to be conducted locally in Dubai, across the UAE, and globally. Unlike in the past, you will not require a local partner who is a UAE citizen to set up the Dubai Mainland Company, granting you the possibility of full foreign ownership within the region of the mainland.
To begin the process, call the experts at Effective Business Setup. They will evaluate your business activities to determine whether your venture is eligible for full foreign ownership. With the recent revisions in the Companies Law, the Department of Economic Development (DED) has approved more than 1000 business projects for total foreign ownership.
All you require now is a dependable LSA in your area (LSA) who can help secure the needed license. For their help, they will be charged a set amount of compensation. Contact Effective Desk Business Setup to explore the possibility further. In this blog, we’ll examine the advantages of setting up a business on the mainland in Dubai.
Dubai Mainland Business Setup: A Step-by-Step Guide
The setup of a mainland company in Dubai requires a simple procedure. Here is a step-by-step guide for the process of setting up your business:
- Select your business’s activity: Determine the kind of business you would like to run within Dubai.
- Secure a Local Service Agent (LSA): Get an Agent for Local Services who will be the local sponsor for your company.
- Assess the suitability of your location: Assess the accessibility, suitability, and cost-effectiveness of your selected office site.
- Get initial acceptance: Seek initial acceptance from the Department of Economic Development Dubai.
- Meet the requirements: Ensure all requirements are fulfilled to begin your application.
- Request a Dubai Mainland license: If all the requirements are met, you can apply for a Dubai Mainland license.
- Upload documents and pay the fees: Provide all relevant documents needed to incorporate a company at the Department of Economic Development (DED) and pay the appropriate licensing fee.
Following these steps will effectively establish your company within Dubai Mainland.
Why Mainland Dubai Stands Out for Company Setup
Dubai is a well-known world-class hub for tourism and business, providing a wealth of opportunities for entrepreneurs. The choice of a mainland location to establish your business in Dubai is the most beneficial for several reasons:
- Tax Exemption: Mainland businesses based in Dubai can be tax-free for corporate entities, which benefits business owners.
- Multi-faceted trading: Mainland businesses can trade freely with other companies within the UAE and internationally, unlike those in free zones restricted to certain areas.
- Diverse Business Opportunities: Mainland companies benefit from more permitted activities than free zone peers. Unlike the limited possibilities in free zones, businesses in the mainland can explore various opportunities across the UAE.
- Flexible Office Spaces: Mainland businesses can pick offices anywhere within Dubai, allowing quick access to local markets and setting up multiple branches to create a solid UAE representation.
- Government contracts: Mainland companies have the privilege of working in partnership with government agencies, an opportunity not available to free zone organizations limited to private commercial ventures.
- Visa Flexibility: Mainland businesses can apply for unlimited visas based on the available office space, allowing flexibility in employee recruitment.
- No Limits on Currency: Mainland companies do not face limitations on currencies, ensuring smooth international and local financial transactions.
- Repatriation of funds: Mainland companies can repatriate profits and capital, providing entrepreneurs with financial flexibility.
- Straightforward Registration Process: Registering mainland companies is easy and efficient, removing unnecessary administrative obstacles. Furthermore, there’s no obligatory annual audit requirement, simplifying the operational process.