What Are the Advantages of a Mainland Company Setup…
If you are a foreign investor or entrepreneur and planning to establish your company in UAE? It’s important to decide the perfect location, where exactly you plan to set up your business in UAE. Because Dubai is a big business center with many commercial zones that support different businesses and professions. Selecting the right business location can play an essential role in the success of your company in future. Then, Dubai mainland would be the wise choice for business setup in UAE.
A Mainland Company setup in Dubai is also known as onshore company that will do business in the local sector as well as in another emirate of UAE and in international sector also. Opting a mainland company in Dubai offers various business advantages. if you want to enjoy flexibility and complete freedom for your business. The Department of Economic Development (DED) offers a number of pros for business individuals and foreign investors who are considering to start their business in mainland Dubai.
Perks of setup your business in Mainland Dubai
Establishing company in Dubai’s Mainland offers numerous perks. Here are some of the big advantages of this location in Dubai:
1: Complete Trading Freedom
First advantage is that if you establish your firm in Dubai mainland, then you will have zero restrictions that who and where you can do business in Dubai. You will have complete freedom to plan and initiate any business without any legal permission in any emirate of UAE. However, some legal formalities such as a local sponsor must be followed. In the highly competitive UAE market, this will give you advance success and keep you supreme of other businesses.
2: International trade relations
In a world of growing network and globalization, it is essential for businesses to grow beyond their limits and establish themselves as a brand across the world. Company formation in mainland Dubai is the best option for you, if you want expand your business to internationally and gain more recognition of your brand. It also gives you complete freedom and conveniency to work with other businesses outside the country and establish business relationships internationally.
3: 100% Ownership
Previously, there were certain restrictions on setting up a mainland company in Dubai for European investors. You had to find a national sponsor who is a citizen of Dubai and owns at least 51% shares of company. This has prevented many entrepreneurs from choosing to set up an onshore company in Dubai and go for other options such as free zone and offshore.
But now the rules are changed and foreign investors who want to set up their business on its mainland can have 100% ownership in Dubai. So that, Dubai mainland has become the most profitable destination to initiate a business and make high profit.
4: Widen your business operations
Dubai’s growing smart city framework is already pushing businesses to the next level, and the ability to diversify is increasingly valuable. Choosing a location in mainland Dubai gives your company significantly more potential for improvement. compared to your competitors in the free zone, getting the mainland license in Dubai means that the administrative process is less restrictive, smoother and faster.
5: Ability to do business with UAE Government
A Dubai Mainland license gives your business an edge in the administrative process, making it smoother, faster and zero restriction as compared to other free zone competitors. You can have a business relationship with the government by submitting tenders for large-scale projects. The UAE government provides billions of dollars’ worth of contract work to private businesses each year.
Mainland companies have a better chance of winning these contracts and establishing long-term business relationships with the government. This will also improve your company’s reputation both nationally and internationally. It will significantly strengthen your business portfolio as well.
6: Company Expansion Freedom
Another advantage is that you can easily expand your business in Dubai, if you have Dubai’s mainland license. Dubai’s onshore license offers wide scope for business expansion. It allows you to employ more workers, apply for unlimited visas and get additional office space to grow your company. It is also possible to set up new branches in different parts of Dubai and UAE with the mainland license. Some other benefits are:
- 100% exemption from corporate income tax
- Exemption from income tax
- Strategic geographic location
- No currency restriction
- Simple company formation process
- Profitable business opportunities
- Beneficial corporate laws and policies
- No personal and corporate responsibilities
- A strong, solid and healthy developing economy
Key steps of Company formation in mainland Dubai
The whole process of setting up businesses on mainland Dubai is under the supervision of Department of Economic Development (DED). The company incorporation process in the UAE is clear and straightforward. The license of Dubai mainland company setup cost in 2023 starts from approximately AED 10,000. It may further increase depending on the visas, fees government, extra permits and much more.
However, the help of business setup experts like beyond view business setup company can eliminate all the stress and risk of problems. These are the steps of company formation process on mainland Dubai:
- Trade name registration
- Obtain a local sponsor or local service agent
- Initial approval from DED
- External approval (for certain activities if necessary)
- Court notarization (incorporation deed/civil contract/local service agent contract)
- Choosing office space
- Apply for a mainland trade license
- Issuance Immigration Card of company establishment
- Processing of visas
- Opening a company bank account
If you are looking for a stable economy, easy business location, and a modern environment to initiate your business? Then the Dubai mainland is the most preferable destination to start your corporate endeavors! Although the legal formalities and registration process for setting up an onshore company may seem daunting to ordinary people, working with the right business advisors will make the process much easier.
Beyond View business setup company team of consultants has years of experience helping entrepreneurs around the world set up businesses in Dubai. With the right support and guidance, mainland company setup in Dubai will be a highly rewarding choice for the future of your business. Contact us today to learn all about our comprehensive company formation services, including business setup, visa processing, PRO services, business license renewals and more! We’d love to assist!