Business Setup in UAE Mainland : Key things to know before taking the first step

 

Business Setup in UAE Mainland : Key things to know before taking the first step

The UAE has diversified its economy in the past 40 years to allow international business opportunities across various sectors. The government is extremely flexible and continues to increase the number of incentives for fresh, experienced, and budding enterprises.

Some of these incentives include:

• Allowing 100% foreign-owned businesses
• Extended visas for entrepreneurs
• Extremely low tax, with corporate taxes being practically zero
• No withholding tax
• Providing funding and support opportunities to cover company formation costs
• Great infrastructure & environment for business-focused towards building the richest economy with the highest GDP in the world

UAE offers opportunities to businesses of all sizes in mainly 3 jurisdictions:

• Mainland
• Off-shore
• Free-zone

What is UAE Mainland?

The area that acts as an epicentre for most business operations is known as UAE mainland. This is also known as an area for onshore company formation. UAE mainland is the total geographical area, permitted by Department of Economic Development (DED) of the respective emirate to all business entities to operate business functions freely.

Main advantages for companies operating under the Mainland license are:

• No minimum capital requirement for company formation
• The simple and quick registration process
• Flexibility to set up offices and do business anywhere in the UAE
• Ability to take up work from both private and public sectors
• No cap on the number of visas issued (subject to office size)
• Ability to repatriate capital and profits up to 100%
• Exemption from corporate and income tax
• No annual audits required
• Flexibility to expand their businesses into different industries

In contrast, Free Zone companies can locate offices only in their zone, operate only within the industry the zone specializes in, and do business only with the private sector. Mainland Company Formation in UAE, therefore, is an attractive prospect for many entrepreneurs.

Salient features of registrations for Mainland Business Setup in UAE: Two key jurisdictions:

Dubai Economy– Dubai:

• Flexibility do business anywhere in the UAE
• Fewer nationality-based restrictions for ownership and visas
• Access to Dubai’s world-class infrastructure

Abu Dhabi Department of Economic Development– Abu Dhabi:

• Flexibility do business anywhere in the UAE
• Efficiency regarding Dubai mainland company formation cost
• Commercial license validity of two years, unlike other emirates

Types of Mainland Company Setup in UAE 

1-Legal Type

The types of businesses and enterprises that you may be thinking of while setting up a business in mainland UAE could fall under one of these categories:

• Limited Liability Company
• Civil Company
• Sole Establishment
• Subsidiary Company
• Branch Office Setup
• Branch Office of Foreign Company
• Branch Office of Local Company

2-License Categories

• Professional License
• Commercial License
• Industrial License
• Tourism License

Timeline

UAE has ranked 16 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The Companies can be incorporated and become operational within one week and only minimal documents are required for the set up.

How does MBG help in Mainland Company Formation in UAE?

At MBG Corporate Services, we deliver the best benefits and expedite your journey of Mainland Company Formation in UAE. Our services cover the entire spectrum of procedures involved in Mainland company formation in UAE. From company registration and trade license acquisition, contract drafting and notarization of documents to assisting you with Dubai mainland company formation cost, we guide you at every step of the process. Our links with ministries and government bodies across the UAE help us obtain speedy government approvals for our clients. Our consultants work closely with the Department of Economic Development (DED) and other government bodies in Dubai to ensure the smooth and timely formation of your Mainland Company.

MBG offers an A-Z range of services for Mainland Business Setup in Dubai /UAE throughout your entrepreneurial journey.

Our Business Setup Services include:

• Mainland Business setup in Dubai/UAE
• Sponsorship services
• PRO services
• Liquidation services
• Trade licensing & business registration
• A draft memorandum of understanding
• Get approval from DED and renting an office

All the above services are customizable according to the specific needs of your business. What gives us an edge above the rest are the additional complementary services that we offer post-Mainland Business Setup in Dubai/UAE.

Post company formation we provide below services:

• Strategy & Transformation
• Mergers & Acquisitions
• Taxation
  • VAT
  • Excise Tax
  • Customs & International Taxation
• Technology & Legal Advisory
• Unified In-Country Value (ICV)

Our consultants also have expertise in incorporating mainland companies in Sharjah, Ajman, Ras- Al-Khaimah, Fujairah, and Umm Al Quwain. We don’t just help you from the initial stages to set up your business in Dubai, but also guide your post business set up on how to take it forward and providing you with everything you need.

For more information- Contact us:-

Email id:- [email protected]

Contact no:- +91-8860190008

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• Business Setup in UAE