Dubai’s unprecedented industrial growth is there for everyone to see. Dubai mainland company setup has been the preferred option for several investors, and why not? You can enjoy complete ownership of your business, and the government also allows 100% repatriation of profits and capital gains.
The best part is that you can set up your mainland company in a quick time by ensuring that you don’t miss any deadlines and submit the required documents. However, you can leave all of that to the business consultants at Shuraa as we do all the heavy lifting for you so you can focus on other critical business activities.
Benefits of Setting Up Your Company in Dubai Mainland
You shouldn’t miss out on the opportunity to form your company in Dubai mainland given the countless benefits you enjoy in this region. Some of the advantages of mainland company formation are listed below:
1. Access to the Local Marketplace
Dubai’s local market opens a world of diversified opportunities for business aspirants in the UAE. Companies belonging to different industries flourish in this region – be it healthcare, IT, trading, consultancy, etc. All you need to do is ensure that the quality of your product/service is top-notch, and you’ll hit unprecedented growth numbers.
The business experts at Shuraa help you establish your dream venture in the mainland region. You can apply for a commercial license, professional license, industrial license, or a tourism license depending on your business requirements.
2. Freedom to Trade within Dubai and Across the UAE
Dubai mainland company setup empowers you to trade freely within Dubai and all across the UAE. You don’t need to worry about your trade permissions as mainland companies don’t face any restrictions on legal and legitimate trading activities.
You can get in touch with the DED and other governing bodies to complete the legal procedures for trading outside Dubai. You’ll get approval for the same after you submit your request alongside the mandatory documents.
3. Complete Business Ownership
Expatriate investors can now enjoy 100% ownership of their mainland companies, thanks to the latest amendments to the Companies Law. Earlier, foreign business owners had to hire a local sponsor/UAE national, and the local sponsor would have 51% shareholding in the company.
However, the government has modified this law. Now, if your business is eligible for complete foreign ownership, you don’t need to collaborate with a local sponsor. All you need is the assistance of a local service agent (LSA) who’ll help you with the documentation, licensing, and more. Note that the LSA won’t have any legal ownership or equity in your company.
4. Opportunity to Work on Government Projects
Another benefit of Dubai mainland company setup is the opportunity to bid for lucrative government contracts. Winning such projects bolsters your reputation in the market and allows you to take giant strides in Dubai’s corporate world.
Free zone companies enjoy favorable business conditions just like mainland establishments. However, they can’t bid for government assignments and can only manage commercial or private work. You get to learn quite a lot through these projects, and it also helps in business networking imperative for business expansion.
5. Tax-Friendly Regime
The best part about carrying out your business activities in Dubai is that you aren’t liable to pay any corporate taxes. Moreover, the VAT rate in the UAE is also 5% (among the world’s lowest). You also get protection from double taxation, and formal payment receipts are provided for each transaction you do to set up your mainland company.
All the steps involved in company incorporation are well-defined, and the government ensures that they remain completely transparent to all the business aspirants – be it locals or expatriate investors.
How to Start Your Company in Dubai Mainland?
Forming a company in the mainland region is straightforward when you follow the right steps and collaborate with Shuraa’s local business experts. Here’s a stepwise summary of the process to make it easier for you:
1. First, you must list down all the business activities you want to carry out in the mainland region. The DED maintains a list of more than 2,000 permissible business activities, and you can select the ones that match your operational requirements.
2. Next, you need to reserve a trading name for your mainland venture in Dubai. You can list down 3-4 names you wish to keep as your official business name and send the curated list to the DED for approval. Ensure that you follow all the naming convention guidelines while finalizing your trading name.
3. The next step is to secure space for your Dubai mainland company setup. It’s your official address and all the legal documents would be delivered to this address only. You can get in touch with the company setup experts at Shuraa, and we’ll help you find affordable space for company incorporation in Dubai.
4. You can apply for the desired business license once you have completed all the steps discussed above. Moreover, you can also obtain external approvals for business activities that aren’t covered under your license. Don’t forget to renew your trading license from time to time as its validity expires every year.
5. Managing visas comes as the next step in mainland company formation in the UAE. You can secure visas for yourself and your family in Dubai alongside visas for your domestic staff too. All you need to do is get in touch with the concerned authority and submit your visa application with the requested information.
6. The last step is to open a corporate bank account for your mainland company. Ensure that the bank you choose is reliable and offers long-term benefits alongside top-notch banking facilities. This is critical because you’ll be using this account to carry out your company’s monetary transactions.
Time to Launch Your Mainland Company!
Mainland company formation is a lucrative business opportunity for new-age investors as well as market leaders. You can freely trade within Dubai and across the UAE alongside the opportunity to work on government projects, and there’s so much more. Your next step is to connect with Shuraa’s companies’ setup experts, and we’ll help you incorporate your dream venture in Dubai mainland.
Get in touch with our mainland license experts who’ve already helped thousands of businesses establish their mainland companies in Dubai. You can book a free consultation with us at +971 44081900 or drop a WhatsApp message on +971 507775554. For assistance via email, please write to us at [email protected].
