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Dubaiu2019s industrial growth has set very high benchmarks for other business hubs. Today, company formation in the UAE, especially setting up a mainland company in Dubai, holds the potential to deliver exponential dividends in the future. You donu2019t have to meet any minimum capital requirements when you launch a business in Dubai mainland. Therefore, you can spend your money on other growth-related operational activities without worrying about settling the capital demands.
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Setting up a Mainland Company in Dubai
Benefits of Setting up a Mainland Company in Dubai Dubai’s industrial growth has set very high benchmarks for other business hubs. Today, company formation in the UAE, especially a mainland company set up in Dubai, holds the potential to deliver exponential dividends in the future. This has surely grabbed the attention of the new-age investors and entrepreneurs in the UK who are also willing to tap into Dubai’s lucrative marketplace. But what makes a mainland company so special? We’ll answer that and quite a lot more in the blog.
What is Dubai mainland? A mainland company (also referred to as an onshore company) is a business venture registered in Dubai. Additionally, these firms are regulated directly by the Department of Economic Development (DED). Onshore companies enjoy hassle-free trading in Dubai, all across the UAE, and internationally too. Furthermore, the latest amendments made to the Companies Law have allowed expatriates to enjoy complete business ownership of their mainland companies. Earlier, mainland businesses had to collaborate with a UAE national (called local sponsor) who’d have 51% shareholding of the foreign company. However, more than 1000 business activities have now been approved by the government to become eligible for 100% expat ownership.
Benefits of Establishing a mainland business in Dubai Here’s a list of benefits you can enjoy after setting up a mainland company in the UAE: 1. NO MINIMUM CAPITAL REQUIREMENT 2. DIVERSE BUSINESS OPPORTUNITIES 3. TAX EXEMPTIONS 4. NO GEOGRAPHIC FOUNDATION 5. PREFERENCE FOR GOVERNMENT PROJECTS Working on these prestigious projects also helps you strengthen your business network. Today, we all know the importance of networking in the corporate world.
STEPS TO ESTABLISH YOUR COMPANY IN THE UAE MAINLAND You need to follow the steps discussed below to establish a mainland company in Dubai: 1. DEFINE YOUR BUSINESS ACTIVITIES & LEGAL FORM 2. REGISTER A TRADING NAME FOR YOUR MAINLAND COMPANY 3. RENT OFFICE SPACE 4. APPLY FOR A LICENSE 5. OPEN A BANK ACCOUNT
Cost of setting up a company in Dubai mainland The payments made for initial approvals, trading name registration, and working license can help in estimating a ballpark figure for the overall cost of a Dubai mainland business setup. Investors have to pay AED 120 (one time) for initial approval and AED 620 (also one time) for trademark registration. The fee for a commercial license is AED 10,000 for a commercial license and around AED 6,000 for a professional business license. Moreover, the business license has to be renewed annually, and it’s critical to have a valid trading license at any moment. Other payments involved in mainland business incorporation include the charges for notarisation of MoA that amounts to approx. AED 1,500 (one-time fee). Translation charges, administrative services fee (if applicable), etc., also add up in the overall Dubai mainland business setup cost.
Launch your mainland company in Dubai! A mainland company setup in Dubai offers numerous benefits to business owners. Moreover, setting up such a company is not a tedious task anymore. All you need to do is connect with the company formation experts at the Shuraa UK branch, and we’ll handle the rest. We have an array of business packages and assure you that there’s one for your dream mainland venture too!
LET'S CONNECT WITH US! +44 7538 205604 info.london@shuraa.com www.shuraa.co.uk Shuraa Chiswick, London W4 1RX Business Setup London Br. Fisher’s Lane,