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Dubai Mainland Business Setup – Exploits Beyond Boundaries

Dubai Mainland Business Setup

Businesses are like marriages. As in the case of a marriage, you make an informed decision taking into consideration even minute details right from your nature and cultural compatibility to your would-be partner to your would-be in laws and their upbringing and environment. So is the case with setting up a business where you will have to keep a keen eye on the intent and political will of the government, the business environment, cultural compatibility and the legal necessities of the place where you intend to setup your business. One even takes into account each other’s likes and dislikes and researches every possible minute details as we know that one wrong or ill informed decision would lead to lifelong sufferings and emotional drain. Similarly one wrong or ill-informed or ill advised decision can cause our business to bleed to death or cause huge losses in terms of time money and emotion.

Anyone contemplating starting a business setup in Dubai is up for a roller coaster journey as the potential to explore and exploit is limitless .In the past few decades Dubai has emerged as the most vibrant and future ready city not only in the Middle East but the entire world. It has attracted residents and entrepreneurs from across the globe owing to its rich, conducive and multiethnic business environment. Dubai has undertaken giant strides in innovation and cutting edge technology and has emerged as the engine of economic growth not only in the Middle East but the whole world.

There are a zillion reasons for setting up business in Dubai, prominent among them are as follows:

  1. It is one of the safest places to reside and work with the least crime rate in the world and the most advanced policing system and excellent law and order.
  2. Virtually zero taxation and the most liberal taxation policy in the world and huge incentives on setting up businesses.
  3. It is amongst the most politically stable places on the planet with an able and willing political leadership striving to make Dubai the best place on earth to do business and reside and be excellent in every endeavor it undertakes.
  4. Once you visit Dubai, You will surely feel its warmth and welcoming aura rich in cultural diversity, tolerance and pluralism. Almost 90 % of its residents are expats.
  5. Dubai’s strategic location is an added advantage as it acts as a gateway to the east and the west acting as a connecting link between Europe, Asia and Africa and is the most progressive and tolerant city of the Middle East.
  6. Prominent personalities from Hollywood, Bollywood International Athletes, Industrialists and the rich elite from across the world are lining up to make Dubai there second home. The concentration of huge wealth in a single city provides huge opportunity to be exploited.
  7. Setting up business in the city of Dubai allows 100% ownership and control of businesses to foreign entrepreneurs and investors and full profit and capital repatriation making doing business in Dubai an even more lucrative proposition.

Once you have made up your mind to make Dubai your business setup abode the next question that comes to mind is whether to go for Dubai Mainland Business Setup or Free Zone Business Setup which is an pertinent dilemma faced by almost all entrepreneurs and investors and we at Consult Zone have felt that almost all our clients contemplating Dubai Mainland Business Setup or Free zone Business Setup lack expert advice form domain specialists and there is a huge knowledge gap that giving rise to a lot of misconceptions and apprehensions which act as a deterrent in making the all-important decision. Some say that a new legislation has allowed 100% ownership for foreign entrepreneurs in Dubai Mainland Business Setup as well therefore Mainland Businesses and Free Zones are the same.

Through this piece of writing, we at Consult Zone would like to alley your fears and clear your apprehensions regarding Dubai Mainland Business Setup so that you can take an informed decision and Setup a profitable and thriving business in Dubai based on expert advice and not on gossips.

There are basically three modes of Setting up Business in Dubai

  1. Dubai Mainland Business Setup
  2. Dubai Freezone Business Setup
  3. Dubai Offshore Business Setup

Through this piece of writing, we, at Consult Zone would specifically be focusing on Dubai Mainland Business Setup.

What actually is the Dubai Mainland?

The Onshore area in Dubai that excludes the Free Zones and is regulated by the Department of Economic Development, Dubai, which is also the licensing and monitoring authority, constitutes the Dubai Mainland.

Dubai Mainland Business Setup

Previously, for Dubai Mainland Business setup, it was a statutory obligation making it mandatory for business owners to have a local Emirati sponsor who was supposed to hold majority stake in the business not less than 51 % but a recent legislation has made amendments in the law and now with a few exceptions, businesses, even a foreign entrepreneur can own and control 100 % of his business enterprise thus removing a major hindrance for foreigners to setup a business in Dubai.

Dubai Mainland Business Setup mandates the requirement of a license from the Dubai Economic Authority.

Dubai Mainland Business Setup - Key Advantages

Dubai Mainland Business setup provides a plethora of benefits and incentives for entrepreneurs with more than 3000 business activities to choose from and avail business opportunities both within UAE and the rest of the GCC countries and the entire world.

We enlist here the reason why entrepreneurs should whole heartedly go for Dubai Mainland Business Setup.

  1. One prominent reason to opt for Dubai Mainland Business Setup license is the freedom to operate their business anywhere within the UAE including Free Zones and also outside the country.
  2. Dubai Mainland Business Setup license allows businesses to bid and work on huge government projects worth millions of dollars.
  3. Dubai Mainland Business Setup license allows for complete freedom from currency restrictions thus allowing 100% repatriation of offshore and on shore accounts.
  4. Exemption from minimum capital requirement is other key benefit that ‘companies opting for Dubai Mainland Business Setup license enjoy thus making it easier to set up a company in Mainland.
  5. Companies with Dubai Mainland Business Setup license enjoy all the incentives and facilities that companies with Free Zone business licenses have which includes huge tax exemptions on import and export duties and corporate taxes.
  6. There are no limitations on visas as a Dubai Mainland Business Setup licensed company which meets the requisite minimum physical space necessity criteria of the government for visa issuance finds it easier to scale up its business and get more visas for its employees.
  7. A Mainland Business license empowers entrepreneurs to increase their presence throughout UAE by opening regional offices and profiting from newer opportunities in untapped local markets.
  8. A recent legislation has allowed 100% foreign ownership of business thus opening great opportunities for foreign investors and entrepreneurs to tap into Dubai’s world class infrastructure and stable business environment.
  9. Catering to both UAE market as well as the entire international market simultaneously with 100% freedom to choose the location of your office premises and accessibility and proximity to a pool of diverse and highly qualified and skilled professionals is also one of the incentives that a company opting for Dubai Mainland business setup license enjoy.

TYPES OF LICENSES FOR DUBAI MAINLAND BUSINESS SETUP

For Dubai mainland business setup the department of Economic development issues the following kinds of licenses.

Professional License

For firms providing professional services like consulting, engineering or legal services. The cost involved is relatively lesser than other licenses.

Commercial License

These are licenses issued to traders who basically sell and buy goods and services. This is the most common type of business license.

Industrial License

Large manufacturing firms and industries that t engage in large scale industrial activities are required to issue these licenses and depending upon the scale and scope of industrial activity, additional approval and permissions from ministries and government bodies is required.

Tourism License

For all tourism related activities both within the jurisdiction of UAE and beyond.

Dubai Mainland Business Setup Journey - How?

1. Seeking Professional Advice

This probably would be the first and the most critical and game changing step in setting up a business activity in Dubai Mainland and it would rather be prudent to seek the expertise of an experienced and seasoned professional Mainland Business Setup Consultant who can thoroughly guide you through the entire business setup process providing in depth knowledge and insights in all the subsequent steps to be discussed below.

2. Choosing The Business Activity

There are thousands of permitted business activities enlisted by Department of Economic Development and so the first step which you will have to decide is the industry that you would operate in. Based on your interest, passion and expertise. Our specialists at Consult Zone will guide you through this step very efficiently.

3. Company Structure

Every business activity depending on its nature, scope and scale calls for a different company structure. We at Consult Zone specialize in helping our clients decide the company structure that is most apt, relevant and profitable for them. The entrepreneur must choose a structure that best suits his needs. Some commonly chosen company structures includes sole proprietorship company, limited liability company, public or private shareholding company ,branch of a local company or a representative of a foreign company. Each company structure has its own sets of benefits and restrictions.

4. Trade Name Registration And Initial Approval For Your Dubai Mainland Business Setup

Dubai Mainland Business Setup would subsequently involve registration of your specific trade name and securing your initial approval from Department of Economic Development. The trade name chosen should meet some of the basic mandatory requirement like it must identify with the nature of your business activity and must not be derogatory in any sense to the local customs and culture and must not hurt any religious sentiments. Also the trade name must be unique and must also not have been registered before so as to avoid copyright violations.

5. Applying For A Mainland Trade License

Mainland trade application formalities require several document formalities which include a license application, shareholder visas, drafting the Memorandum Of Association etc.

6. Leasing Or Renting A Physical Office Space

Within the government approved specified areas, the business is supposed to lease or rent a physical office space suitable for conducting the specific business activities.

7. Securing The Business License

Post-fulfilling the legal formalities and bagging approvals, you will be issued your Dubai Mainland Business Setup license by the Department of Economic Development, Dubai which would empower you to freely conduct your chosen business activity anywhere in UAE.

8. VAT Registration and Opening Corporate Bank Account

Next, you will register for VAT and open your coveted corporate bank account.

Dubai Mainland Business Setup - Frequently Asked Questions with Answers

Could I as a non UAE National fully own my business?
Yes, a new legislation by the Government of UAE allows you to exercise 100% ownership and control as well thereby making it a lucrative business proposition.
What's so special about Dubai Mainland Business Setup?
Full ownership and control of your business without the unnecessary interference of a local sponsor, zero currency restrictions, access to a diverse pool of talented professionals, strategic access to huge and diverse markets and complete freedom to operate your business anywhere in UAE without any restrictions and proximity to high income affluent UAE customers are some of the key benefits that encourage Dubai Mainland Business Setup for entrepreneurs to come to Dubai and enter into this mutually beneficial transactional relationship.
How much cost will I incur in my Dubai Mainland Business Setup?
This is a fairly subjective question and has no straight forward answer. The monetary cost involved in Dubai Mainland Business Setup would depend on a multitude of factors like type of business activity, area of operation, legal advisory services needed, type of licenses required etc. and it would therefore be suggested to go for a specialist consultant to navigate you through this journey to come to an approximate tentative cost.
What are the documents required for Dubai Mainland Business Setup?
The Documents required for Dubai Mainland Business Setup would depend on the nature and type of the Business activity and the profile of the entrepreneur. Some of the commonly required documents are Memorandum of Association (MOA), passport copies and visa status of all shareholders, NOC from local sponsor if required, Trade Name registration Certificate, Ejari Registration Certificate, and Leasing Agreement for physical space for office in Dubai and Registration of Dubai Chamber of Commerce and Industry.
From where do I get my Dubai Mainland Business Setup license and am I supposed to renew my business license every year?
Department Of Economic Development, Dubai is the licensing authority and unless you opt for a long term license, you are supposed to renew your license every year.
Do I really need an expert Consulting partner like Consult Zone for Dubai Mainland Business Setup or I can Do it all by myself?
The answer is fairly simple. When we fall ill, do we treat ourselves on our own or do we consult a specialist doctor. The same holds true for Dubai Mainland Business Setup as well. In any discipline, specialists and amateurs are poles apart both in terms of subject knowledge, experience and contacts within government agencies. So why shouldn’t it make sense for you to seek expert guidance in setting up a business in a relatively alien territory where you have very little knowledge and information about its business environment.
There Are Plenty Of Consultants Making Tall Claims For Dubai Mainland Business Setup. Why Should Only Consultzone Be Your Consultant Of Choice?

Well, to start with, this is a seriously relevant question which comes to mind for any entrepreneur contemplating Dubai Mainland Business Setup. We at Consult Zone take great pride to being true to our name of being business solution experts.

We at Consult Zone truly endeavor to deliver our core values of integrity, consistency and excellence in whatever we do. We have partnered with over 50,000 clients over the past decades to make their Dubai Mainland Business Setup Dream a reality.

The legal affairs and the government regulations jargon is too complex and ambiguous for a new entrepreneur or investor to understand and one slight mistake on your part can cost you unnecessary loss of time, money and effort. We at Consult Zone are experts in legal affairs and government regulations and work closely with almost all government authorities thus saving our clients a lot of money, time and headaches.

Our entire team of professionals at Consult Zone truly believe in specifically tailored and customized solutions to our clients’ business setup problems and do not believe in one size fits all solutions.

We at Consult Zone provide full spectrum business Setup Services to our clients  right from sponsorship to residency permits, corporate account opening and registration for VAT, trade name registration, renting and leasing office spaces, digital marketing. You name it, we have it. We try our level best to be your all-in-one partner for hassle free and seamless Dubai Mainland Business Setup Experience.

We would proudly suggest you  to give  the privilege and opportunity to Consult Zone  to experience firsthand the passion and zeal of our motivated and dedicated team of specialists to make your Dubai Mainland Business Setup experience a truly enthralling and rewarding experience.

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