The recent shift allowing 100% foreign ownership of mainland companies in the UAE marks a positive development for prospective overseas investors seeking to engage in business within the Emirates. The ability to have complete foreign ownership eliminates the need for business owners to search for an Emirati company or individual to serve as a partner, streamlining the process for them to dive directly into their operations.
This alteration in ownership regulations opens up incredible potential for the UAE’s rapidly growing economy, presenting foreign investors with ample opportunities. It is essential to note, however, that specific strategic sectors, such as oil and gas, still require collaboration with a local partner as per regulatory requirements.
A Dubai mainland company boasts location flexibility and operates with zero trade restrictions. This means there are no limitations on conducting trade with other businesses, and companies have the freedom to choose their preferred locations.
Additionally, mainland companies can provide services to the government and engage in direct trade with consumers across the entire UAE. The setup of a mainland company further allows businesses to establish multiple branches, enabling them to build a robust and widespread presence throughout the Emirates.
Before establishing a Dubai Mainland company, several considerations should be taken into account.
Establishing a mainland company ensures a prosperous future for your business endeavors and professional ventures. Mainland companies in the UAE provide a wide range of trade opportunities, allowing for 100% ownership and offering flexibility in choosing a business location. These factors contribute to why entrepreneurs often opt to set up a mainland company, seeking the advantages it brings to their business operations.
Dubai Mainland streamlines the business setup process, making it easy for entrepreneurs to initiate and complete the necessary procedures. Seeking guidance from professional business consultants expedites the task.
The UAE boasts a robust and well-connected infrastructure, encompassing roadways, airways, and seaways, facilitating smooth transportation and encouraging business owners to establish their enterprises in Dubai Mainland.
The UAE Government supports business investors with various facilities, including 100% foreign ownership and no personal tax, fostering an environment conducive to initiating business setups across diverse industries.
Dubai, in particular, provides tax benefits for foreign investors, with no requirement to pay income tax, a highly attractive feature for those considering business ventures.
The UAE permits business owners to enter into double taxation agreements for import-export processes, eliminating the need to pay taxes on both ends.
Dubai Mainland is a flourishing hub for commercial establishments, ensuring a readily available supply of office spaces for businesses to commence their operations.
Dubai Mainland companies enjoy the flexibility to conduct business activities throughout the entire UAE, provided they align with legal regulations and gain relevant authorities' approval.
Obtaining visas for Dubai is a straightforward process, making it hassle-free for business owners to secure investor and residence visas, provided they submit all the necessary documentation for approval.
The process includes
1. Finalize the business activity and name for your business
2. Gather all the documents
3. Get your license
4. Avail added services like visa, office space, etc
5. Open a bank account
The cost of setting up a business in both areas is based on many factors. It includes license fees, office space, government charges, and visas. Your business activities and company size also affect costs.
Yes, Dubai encourages business set up regardless of nationalities through its friendly laws and policies.
Do I need a local sponsorship for my business
No, foreigners can benefit from 100% ownership in UAE, you can now fully own your business for certain business activities. You don’t need an Emirati partner to have most of the ownership. But, some activities still need a local sponsor.
It usually takes 1-2 weeks. The time needed can change based on the chosen free zone, business type, approvals needed, document completion, and more.
In Dubai’s mainland, businesses have no visa limits. They can get visas based on their office space. This helps firms grow and hire diverse staff in Dubai.
No, you cannot have a mainland business setup in Dubai without a physical office. Mainland companies must have a minimum physical office space of at least 200 square feet. These are the regulatory requirements.
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