When it comes to company formation in Dubai, Mainland Companies are considered to be the most developed business entities that are directed by the Federal Law No.2 of 2015 (the New Commercial Company Law, (NCCL)) which came into effect on 1st July 2015, which replaced the previous Commercial Company Law (CCL) that got initiated in 1984, under Federal Law No. 8 as amended. In the UAE, the Mainland Companies are regulated by the legal structure set by the government and needs to meet the Government policies. They are located within the limitation of commercialized geographical areas that have been covered under the jurisdiction of the Emirati Government.As per the mainland company incorporation law, UAE national has to mandatorily hold at least 51% of the total equity in any commercial company, except in the following cases:
Starting a business in Dubai Mainland turns out to be a favourable option because of the following reasons:
The UAE turns out to be a strategic location when it comes to the Middle East. It offers opportunities to business investors to enter the other GCC countries and helps in expanding the business activities.
In Dubai, foreign investors enjoy the benefits related to tax. Payment of income tax is not required which turns out to be an eye-catching point.
The UAE provides the flexibility to the business owners to enter into double taxation agreement for import-export processes, which allows them to wipe out the tax to be paid on both the sides
The UAE has got robust connectivity that helps to ease the transportation process which covers roadways, airways and seaway. This flexibility encourages business owners to set up their business in Dubai Mainland and carry out the relevant business activities.
Dubai Mainland has been a growing hub when it comes to commercial establishments. So, you never need to worry about office space to initiate your business and carry out the processes.
If you have a plan to set up a professional company, then it is to be noted that a professional license needs to be obtained to carry out the business activities. Unlike other activities, you don’t need to have a local sponsor to get a professional license.
The Government of UAE provides numerous facilities to business investors like 100% foreign ownership, no personal tax etc. to come forward and initiate business setup processes related to different industries.
Dubai provides a pleasant business climate to the business entities irrespective of its size and nature of the business, and so it stands as the preferable location by newbies, entrepreneurs, and established business professionals.
The UAE has got a vast availability of natural resources that turns out to be extremely helpful for living a better lifestyle and also in the commercial domain.
When it comes to business set up process, Dubai Mainland provides an easy way to initiate and complete the process. Business owners mostly prefer to have a word with professional business consultants regarding the same helps to complete the task done at a faster pace.
Irrespective of business nature, Dubai Mainland companies hold the flexibility to carry out their business in the entire UAE, provided the activities are legal and relevant authorities approve the same.
The process to obtain a Visa for Dubai stands free of tension. It becomes effortless for business owners to obtain an investor visa and residence visa, provided you submit all the essentials required to approve.