BUSINESS SETUP IN MAINLAND - DUBAI
Setup Business in Dubai Mainland?
Dubai is a top choice for international investors looking to launch a new business or grow an already established one. It is a great option because of its advantageous position and easy access to all of the world’s main countries. Furthermore, the UAE’s mainland of Dubai is a well-liked location for starting a business. Setting up a company in Dubai Mainland as your top priority is a wise choice if you’re an ambitious business owner. You can take advantage of a flexible legal system here that is created in accordance with the policies of the UAE government.
One of the most developed economies is represented by the mainland of Dubai, which offers all the resources required for smooth corporate operations. But, you’ll need a license before you begin setting up your mainland company in Dubai. You can secure this from Dubai’s Department of Economic Development (DED).
Advantages of Establishing a Company in Mainland Dubai
100% Ownership
100% foreign ownership of mainland UAE companies has been permitted by Government of Dubai.
No minimum capital required
To obtain a Dubai Mainland license, there is no requirement for immediate capital deposit in bank.
Tax exemptions
By setting up a Mainland company in Dubai, investors can enjoy 100% Corporate Tax exemption on yearly net income or gain.
No Limit on Visa
Unlike other activities, there is no limit on visa applications for business owners in Dubai Mainland.
No Restrictions on office Location
The investor can choose the office location and operate anywhere in Dubai.
No Annual Audits Required
Companies located on the mainland are free from the annual audit requirement. This is an advantage that companies located in free zones do not have.
Types of Mainland licenses
Professional License
A professional license enables foreign investors to own 100 percent of the business, granting them the privileges of a sole proprietorship. To complete the judicial formalities, it is necessary to appoint a UAE national as a local service agent A Professional License is required in the UAE for individuals or business groups that deliver expertise as aservice to the public such as:
- Computer, IT infrastructure consultancies
- Insurance, tax, legal consultancies
- Marketing consultancies, public relations management
- Auditing & accounting
- Waste management & recycling consultancy
Commercial License
All companies on the mainland require a commercial trade license to conduct any form of business, including sale and purchase of commodities in the UAE. Mainland licenses can be used for both specialised and general trading activities. A Commercial License is required in the UAE for businesses involved in trading and supplying of goods such as:
- Mobile phones & accessories trading
- Building material, cleaning and safety equipment trading
- Oil & gas, chemicals trading
- Automobiles, spare parts trading
- Gold & precious metals trading
Industrial License
Businesses engaging in manufacturing and industrial activities must obtain an industrial license enabling them to carry out operations involving conversion of natural resources. This may also include incorporating natural resources into their finished products. An Industrial license is required in the UAE for manufacturing or other types of industrial activities such as:
- Garments, uniforms manufacturing
- Meat, dairy products manufacturing
- Animal & birds feed manufacturing, fishing net making
- Pastry & sweets manufacturing, mineral water bottling
- Fabrics & textiles embroidery, carpets manufacturing
Need the help of a Professional Company Setup Consultant?
This is where we come into the picture.We at BizLinks Consultancy have experience connecting businesses with the ideal Local Partner. Our company setup specialists may advise you that, if you are a professional seeking to supply professional services , you require a Local Service Agent rather than a Local Partner since they are up to date on the most recent legislative changes.
A Local Service Agent, unlike a Local Partner, does not own 51% of your company. He or she will continue to represent you in all government-related affairs, including obtaining a business license, and is still legally accountable for your company.
Steps to Register a Mainland Company in Dubai
If you are looking for the steps to start a business in Mainland, follow the ones given below: Setting Up a Business in Dubai Mainland: A Popular Choice for Entrepreneurs Worldwide. The freedom to trade is a major draw for people setting up here. Plus, the recent change allowing expats full ownership of mainland businesses in Dubai is a significant advantage. If you’re wondering how to start a business in the Mainland, follow the guide below:
Dubai Mainland Business License:
What You Need to Know
- As per new law, no foreigners are required a local emirati to form their company under mainland license.
- All the company meetings are now no longer necessary to be officiated by an Emirati. Hence it is open to all expatriates.
- If leading officers or company chairpersons abuse their power, they can be removed from their positions.
- Now any joint stock business can sell 70% of its shares in an IPO (Initial Public Offering). This was 30% earlier.
- Shareholders now have the right to take legal action in the court if the enterprise participates in an activity that causes the company to lose money.
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Frequently Asked Questions
Ans: The DED is the government body responsible for regulating and licensing Mainland company.