What are the top reasons to opt for Mainland Company Formation in Dubai?

The UAE has undergone a substantial transition over the past many decades. Going from a small trading community to one of the most successful and rich countries in the world is not easy. It has come a long way to lure foreign investors with its lenient laws and rules, numerous businesses are looking to start a global venture in the region.

Today, it is one of the most alluring and preferred locations for travelers and business people. Expats from all over the world are considering UAE, especially Dubai for their business operations and expansions. Additionally, you can only take full advantage of the business prospects and cutting-edge commercial models that the vibrant economy of the UAE offers to businesses worldwide.

The process of starting a business setup in Dubai mainland is quite simple and quick. Especially when you work with an experienced business setup consultant, the time to obtain the approvals becomes fast.

First, let’s understand what we mean by a mainland company.

What does a mainland company formation in the UAE mean?

A mainland company formation in Dubai or an onshore company describes a business that is registered with the DED (Department of Economic Development). That means if you want to run a business in the Dubai mainland, you are required to acquire a license from the DED.

Moreover, the mainland companies can practice commercial, industrial, trading, and professional activities. All these activities would need approval from DED that is the concerned authority for mainland business setup in the UAE. As per the latest amendment, now an expat can hold 100% ownership of the company for the mainland companies.

What are the benefits of mainland company formation in the UAE?

Here’s a list of all the major benefits of a mainland company formation in the UAE-

1. 100% ownership

The latest 100% ownership law in Dubai’s mainland is anticipated to amend the Companies Law by removing the usual requirement that 51% ownership by the local sponsors of the UAE. It will also eliminate the requirement that a foreign company’s division hire a UAE national to act as their entity.

2. No restrictions on trade

There are no geographical or inter-business trade restrictions when forming a mainland UAE firm. Anywhere in the UAE, businesses from the mainland can engage directly with customers or offer government services. Establishing a mainland corporation also enables businesses to set up many branches, giving them a significant presence throughout the UAE.

3. Global expansion scope is broad

If you want to expand your business globally then a mainland company formation in the UAE is the perfect option to go for. Dubai mainland allows it the freedom to conduct international commerce. Thus, having a license for the Dubai mainland means having the independence and flexibility to expand and manage your firm across borders and take it to the international platform.

4. Free from corporate tax

Currently, there is no corporate tax on mainland enterprises. However, effective from 2023, most company activity on the mainland would be subject to a 9% tax under recent amendments to law made by the government.

5. Limitless visa

This implies that you can have an unlimited number of visas for a mainland company formation in the UAE. However, the availability of office space affects one’s ability to secure visas. More office space means a greater chance of obtaining visas.

6. Setup office anywhere in UAE

Businesses from the mainland can choose any location in the UAE for their office set up. This option of having a physical office builds trust and allows them to establish a significant footprint in the UAE by allowing them to expand their business beyond only the local market.

How to start with a mainland company formation in the UAE?

1. Choose your business activities.

2. Select a suitable legal form

4. List your business name.

5. Obtain a lease for the office (Ejari).

6. Draft an MoA (Memorandum of Association) and a local service agent agreement

7. Select the location of your selected business.

8. Obtain all required government approvals.

9. Hand in all of your documentation to the appropriate authorities.

10. Pay the license fee to register a corporation in mainland Dubai.

11. Within 24 hours, obtain a trade license from the Department of Economic Development (DED, Dubai).

What are the various license types available for mainland company formation in the UAE?

1.Industrial license

The industrial license is necessary for companies that perform manufacturing, packaging, and processing operations

2.Commercial license

This license works for enterprises that engage in trading or retail activities including the purchase and sale of goods, import and export operations, real estate services, logistics, travel and tourism, etc.

3.Professional license

The professional license is suitable for companies that want to carry out tasks like accountancy, consulting, and other similar tasks.

How RadiantBiz is your ideal partner for mainland company formation in the UAE?

RadiantBiz is well-known for business setup services in Dubai. We are aware of our clients’ needs and provide unique approaches to help them launch their ideal business in the Emirates. The PRO team at RadiantBiz are skilled and familiar with all the procedures you must follow while starting a business setup in Dubai

Our mainland company formation in the UAE are effective and will give you all the legal advice necessary to safeguard your company’s financial interests. Our team of business setup experts at RadiantBiz will provide you with all the required assistance you need to speed up the establishment of your mainland enterprise, thus, making it your one-stop shop for business setup in Dubai.

FAQs

1. What are the factors that determine the cost of a mainland company formation in the UAE?

Setting up a business on the mainland entirely depends on many factors such as the nature of your business, the office location, visa options you are opting for etc.

2. How soon can I get the mainland license after applying?

You can get your mainland license in just 24 hours. When you work with the experts at RadiantBiz, they have good resources that can assist you get the license in no time without any hassles.

3. Which license should I apply for?

The license type depends on the type of business you want to set up in the UAE.

4. Is mainland company formation in the UAE beneficial?

Yes, with all the major benefits listed above, you can choose a mainland business setup in the UAE without any second thoughts.