Dubai mainland company formation is the ultimate business destination for foreign investors, startups, and SMEs. Due to the many advantages it provides, including 100% foreign ownership of the company and the ability to conduct your business in any region of the UAE as well as on a worldwide scale, foreigners are preferring to establish their companies in Dubai’s mainland.
Dubai’s mainland is a particularly sought-after place for company creation when starting a business in the United Arab Emirates. The mainland business setup in Dubai should be at the top of your list if you’re an ambitious business owner because it offers a flexible legal framework in line with UAE government laws.
The establishment of businesses on the mainland of Dubai exemplifies the most developed economies that are effective at supplying the resources needed to carry out commercial activities smoothly. You must, however, obtain a license in order to launch your mainland business. The license can be obtained through Dubai’s Department of Economic Development (DED).
To be competitive, every organization requires a mainland location in Dubai. This is because establishing a mainland corporation allows you to run your business with total independence and flexibility.
Understand the 100% ownership law in Dubai’s mainland
Earlier, when starting a company in the Dubai mainland, you need to have a local sponsor who would have a 51% hold on the shares of the company, the rest 49% for the foreign investor. Now, with the introduction of the new 100% ownership in Dubai mainland, it has become a great attraction for foreigners.
Foreigners now have another fantastic opportunity to launch their business in the UAE thanks to the introduction of 100% ownership on the Dubai mainland. The Dubai mainland has been successful in luring businesspeople and investors from throughout the world. The former rule requiring 51% ownership for a native Emirati has been repealed, allowing foreigners to create businesses here in the UAE with 100% foreign ownership.
Can every business have 100% ownership in mainland Dubai?
Yes, it is crucial to consider whether all companies operating on Dubai’s mainland have 100% ownership. Almost all company activity for which the Department of Economic Development (DED) Dubai issues trade permits are permitted for 100% foreign ownership, with a few exceptions.
Are you qualified to own 100% of your company on Dubai’s mainland? Before beginning as an expat, you should be aware that this regulation has important exceptions in the oil and gas, telecommunications, and transportation industries.
Benefits of having a business setup on the Dubai mainland
The following are the key advantages of owning 100% of Dubai’s mainland:
- The fact that business owners find 100% ownership to be very enticing for their business expansion is just one of the many benefits of 100% ownership in Dubai’s mainland.
- The UAE has experienced enormous growth and has supplanted Singapore as the world’s top investment destination.
- You have the chance to grow your firm on a worldwide scale by forming a mainland corporation in Dubai. With mainland registration in Dubai, you might broaden your company’s reach into other markets and increase brand awareness.
- Investors who were harmed by the COVID-19 pandemic may benefit significantly from the establishment of 100% ownership in Dubai’s mainland.
- Foreign business owners operating in Dubai are not subject to any limitations or administrative hurdles.
How can you choose the best mainland in Dubai?
Let’s give you the major locations on the Dubai mainland that could prove beneficial for your business in the UAE:
Here are the top three locations in Dubai where you can establish a mainland company:
- Sheikh Zayed Road
New companies are frequently established on Sheikh Zayed Road throughout the city. Being in the centre of Dubai, the location is bordered by a number of internationally renowned companies as well as prestigious structures like the Dubai World Trade Centre and Emirates Towers. Because it also features residential buildings that generate excellent real estate opportunities and a strong international hospitality business, the region is a fantastic choice for mainland company formation in Dubai.
One of Dubai’s first commercial sectors is Diera. Deira is located in the city’s center and bounded by Dubai Creek, Sharjah, and the Arabian Gulf. There are a lot of traditional Emirati businesses in the region. Tourists want to shop in Deira, which is a well-known trading centre. Due to the availability of inexpensive housing, the neighbourhood, which is the sixth most popular site to rent apartments, is also well-liked by foreigners.
- Business Bay
Business Bay will meet all of your needs, whether you’re a tourist or a businessperson, with its bustling streets, breathtaking vistas of the Dubai skyline and Dubai Creek, and the glistening waters of the Dubai Canal. The many advantages of selecting Business Bay for mainland company formation in Dubai include quick access to Sheikh Zayed Road, near proximity to the Burj Khalifa and the Downtown District, and the attractive new JW Marriott Marquis hotel, to name just a few.
How RadiantBiz can help you start a business on the Dubai mainland?
RadiantBiz is the best company setup consultant to receive all the necessary advice on business establishment and all the legal services if you want to benefit from 100% ownership in Dubai’s mainland. We can provide you with suggestions on how the new law will benefit your company and how to navigate the process smoothly.
If you wish to take advantage of 100% ownership in Dubai’s mainland, RadiantBiz is the ideal company setup consultant to acquire all the necessary assistance on the business establishment and legal services.
What we offer
Licences and business setup
RadiantBiz is renowned for its simple business establishment and for securing business licences quickly. Along with obtaining official government clearances, we can also help you obtain third-party approvals.
Full-service banking support
Our corporate banking knowledge and more than 15 years of experience will with opening a business bank account in Dubai. We will assist you in making the best bank choice based on your needs. Additionally, we will handle compliance management and paperwork that is crucial for your company.
PRO and Visa
A requirement for operating a business in Dubai is a visa. It enables foreigners to obtain lengthy visas for their families as well as for themselves, and it serves as authorization to stay in the country and conduct business. We’ll work quickly to secure you a visa for business travel as well as residency.
Accounting and book keeping
Accounting is crucial to a corporation since it monitors the company’s financial situation. Despite the UAE government’s stringent tax compliance requirements, it is essential to fully understand not only your taxes but also the legal and financial facets of your organization. Another important component of a business is bookkeeping, which aids in the accounting process by allowing you to keep track of daily records, invoices, and cash receipts.
Get in touch with the experts right away!
Thank you for reading our articles on how to start a business in Dubai. Hope you also enjoyed our blog post on a Detailed guide on how to get a business visa in Dubai