What is the 100% ownership in Dubai?
By removing current barriers and expanding the economy, the UAE hopes to boost its already established appeal as a worldwide market for foreign investment firms, businesses, and startups from around the world.
The proposed law of 100% ownership in Dubai mainland is expected to change the Companies Law to eliminate the general requirement for 51 percent UAE national ownership of UAE LLCs founded on the mainland, as well as the necessity that a foreign company’s division hire a UAE national to act as their entity.
Why has 100% ownership in Dubai mainland been implemented?
Here is a list of some of the long-term goals that the UAE government is aiming for in the coming years:
- Creating a suitable legal environment for business establishment in the UAE, in order to improve the ease of doing business and the country’s overall economy.
- Increasing investment and commercial opportunities for foreign investors to ensure the economy’s future safety and security.
- Meeting the needs of the UAE business community as they work to increase the country’s appeal to foreign investors, firms, startups, and other organizations.
The main benefit of having a mainland company is that, unlike free zone companies, their economic operations are not limited to a specific geographical area, allowing them to freely trade with any company, public or private, located within and outside of the UAE, including free zones, onshore and offshore.
With 100% ownership in Dubai mainland, you now get access to a bigger reach with a mainland structure, which means you have a better opportunity of extending your business worldwide, which means more prospects and money. Other benefits of establishing a mainland business in Dubai include no minimum capital need and the potential of acquiring a resident visa.
How Radiantbiz can assist you?
Radiantbiz can be an excellent business partner for you, guiding you through the licensing process and assisting you in establishing a mainland business in Dubai. We’ve worked with a number of well-known entrepreneurs on their UAE projects.
Contact our specialists for professional advice and strategy development for establishing a successful mainland business in Dubai.
For more information visit our website:
