How to Set Up a DubaiMainland Company
Today, Dubai has emerged as one of the top destinations for business in the UAE. Apart from the other factors, it is mainly because of its geographical location. It lies at the center of Africa, India, and Asia triangle, which facilitates easy connections, business networking, and trade access. The other reasons are.
STARHORIZON FOR YOUR MAINLAND BUSINESS SETUP SERVICES.
So, if you are thinking of expanding your business or opening up a new venture in Dubai, you have made the right decision.
But many pro or budding entrepreneurs have a question about where in Dubai should they start their business to reap maximum benefit. Business establishments and foreign investors who want to start a business in Dubai have three options to register themselves to carry out their commercial activities- Mainland, Free zone, and offshore. Your decision about the location of your business will depend upon the nature and type of your business activities. If you are looking to trade in UAE's local market as well as abroad and take advantage of lucrative government contracts, the best place to start your business in Dubai is its mainland.
But many pro or budding entrepreneurs have a question about where in Dubai should they start their business to reap maximum benefit.
Business establishments and foreign investors who want to start a business in Dubai have three options to register themselves to carry out their commercial activities- Mainland, Free zone, and offshore.
Your decision about the location of your business will depend upon the nature and type of your business activities. If you are looking to trade in UAE's local market as well as abroad and take advantage of lucrative government contracts, the best place to start your business in Dubai is its mainland.
What is a Mainland Company?
A Mainland company in Dubai will be an onshore company that can carry out business activities in local markets, other areas of the UAE, and even outside the UAE. Dubai Department of Economic Development (DED) is responsible for the setup of mainland companies. They oversee the registration, license, and commercial compliances and ensure that consumer protection laws are followed.
Earlier, it was mandatory to have a UAE Local Sponsor as a local partner. But, from June 2021, this criterion has been scrapped by a historical decision of the government administration. The government took a decisive step towards its commitment to ensuring a diversified economy with enhanced participation of foreign investors. Hence, foreign investors can now have 100 % ownership of the business. Therefore, more than 1000 commercial and industrial units have been included in the 100% ownership list.
Why a mainland company formation is the best choice in Dubai?Setting up a mainland company is a lucrative proposition because:
.1000+ business activities to choose from
.Freedom to trade in any part of the UAE or abroad.
.Freedom to select any business premises across Dubai.
.Easy Visa processing for employees
.No Currency restriction for repatriation
.100% ownership of a company
.No restriction on bidding for Government projects
.No such mentioned minimum capital limit
What are the Legal requirements for A mainland Company setup?
Determining an appropriate legal form is another significant requirement to set up a business in Dubai mainland. The legal structure you will select will determine the personal liability you will face, your ability to raise funds, ownership arrangements, and the documents required to be submitted.
The legal structure of a Mainland company setup in Dubai, UAE is determined by the nature of the activity, and the number of shareholders extra.
