If you are considering a mainland company setup in Dubai, you need to sponsor the company with a resident of the country. The benefits of mainland registration are numerous. For starters, you can trade in multiple countries. You can retain control of your business and maintain the flexibility to penetrate key foreign markets. Moreover, the initial approval of the company can help you start trading internationally. To make the most of this opportunity, you should seek professional advice.
Mainland company formation in Dubai:
If you wish to operate your business outside the UAE, a Mainland company formation in Dubai can help you accomplish this. This type of company is licensed by the Department of Economic Development to carry out business in Dubai. It is permitted to hold an unlimited number of employee visas. Among many other benefits, a Mainland company in Dubai can engage in business with many nationalities. The creative zone in Dubai can help you set up your company on the mainland.
Benefits of setting up a mainland company in Dubai:
The first benefit of establishing a mainland company in Dubai is the ability to take advantage of Dubai’s favorable business environment. In the past, foreign investors who wanted to start a business in Dubai had to find a sponsor who owned at least 51% of the company. But today, it is possible to own 100% of the company without a sponsor. Setting up a mainland company in Dubai is the most advantageous option for any business that wishes to do business in Dubai.
Requirements for setting up a mainland company in Dubai:
Before you set up your mainland company in Dubai, you must obtain all the necessary documents. The UAE’s Department of Economic Development is the regulatory authority in charge of the licensing process. Mainland entities have NIL corporate tax, which will rise to 9% in 2023. Meanwhile, free zone entities are fully tax-free and do not pay VAT. The cost of setting up a mainland company in Dubai varies depending on your business activity and the number of visas you require.
Initial approval for a mainland company in Dubai:
Obtaining initial approval for a mainland company in Dubai is the first step in the process of forming a business in the UAE. The approval states that the authorities have no problem with a company’s establishment, but it is not a license to conduct business in the country. Instead, it is a step in the formalities needed to establish a business in Dubai. Getting approval is not difficult and may even save you money.