Do you want to Dubai Mainland Business Setup? You are now ready to start a Dubai business. An onshore entity, a Mainland Company, is able to conduct business in Dubai’s local markets as well as other regions of the UAE and abroad. A UAE national sponsor is required for the establishment of a Dubai Mainland Company.
Let’s now look at the Dubai Mainland Company’s shareholding structure:
- The UAE sponsors are approximately 51 percent
- Foreign investors own 49 percent of the company’s shares
- Sponsorship from United Arab Emirates (UAE), – 0%
- Foreign investors may own 100% of the shares
Fixed annual fees are the most popular. They allow foreign investors to retain complete control over their business and prohibit local sponsors or sleeping partners from profit-sharing or commercial activity.
The Advantages of Starting a UAE Mainland Business
Dubai is a popular tourist destination. People from all over the globe are drawn to it for many reasons. We still have many business opportunities, despite the beautiful places, food, culture, and fashion. It is convenient and has a large population that is well-suited to attracting customers. Every day, the government works to improve the infrastructure and make it more accessible for businessmen from all over the world. Dubai encourages people to do business by providing an attractive business environment. The Department of Economic Development also supports them.
Now let’s look at the benefits of a UAE mainland business:-
- A mainland company can provide the first and most important benefit of a corporation formation: exempt from corporate tax
- Mainland companies also have another advantage: they can trade with mainland companies.They can do business in any part of UAE and even abroad. Because they receive limited instruction from the free zone company, this makes them stand out from other UAE free zones.
- The free zone business is better than the mainland company if we compare it to the former.It allows businessmen all over the globe to have more opportunities to engage in diverse business activities. Dubai Media City companies have permission to only interact with media and any related fields. However, someone who is a mainland businessperson doesn’t have to worry about any restrictions. They have all the options in the UAE, and can do what they like.
- They can also choose any location in Dubai to be their office.It makes it easy to trade with the local markets. You can also do business with other branches of companies. This allows them to make a significant impact on UAE’s business.
Your company will then be allowed to work for the government. These benefits are not available to companies in the free zone, as they can only engage in private commercial work.
More benefits
- As long as you have the right to obtain visas for companies operating under a mainland license, you can have as many as you like.Access to visas is dependent on the space in your office. This means that if you have more space, you will be eligible for more visas.
- Another important benefit is that there will be no currency restrictions during your business transaction
- You can enjoy the full repatriation and profit-sharing
- The registration process is simple and quick.
- You are exempted also from yearly audits, which is a bonus for your UAE mainland business formation
How to easily set up a Dubai Mainland company?
Let’s now see how to Business setup in Dubai Mainland, the most appealing business setup. Although the setup process is quick and easy with the submission authentic documents, be sure to follow these steps.
- Decide on the type of business you would like to start in Dubai.
- Next, choose a local service agency who will serve you as your local sponsor
- Next, you’ll need to decide on a location.Find the one that is convenient and within your budget.
- You will need to apply for the initial approval after that.It comes from the Department of Economic Development Dubai
- You can apply for a Dubai Mainland license if you have done everything as directed.
- Submit all documents necessary for incorporation.All documents must be submitted to the Department of Economic Development Dubai. Pay the final fees to complete the last step.
Conclusion
Entrepreneurs around the globe have a dream of owning a company on the mainland. A perfect infrastructure, cost-effectiveness, and business-friendly regulations are all advantages! All of these factors attract business owners to their dream. You have two options when it comes to setting up a company. One, you can do it yourself, or you can hire a business consultant in Dubai. Although registration and obtaining a license are easy and quick, it’s still advisable to seek help if you need it. We recommend that you get in touch with the best business consultants to help establish your company on the mainland.
