Referred to as the City of Gold, Dubai is trusted as one of the safest places to start a business irrespective of the nature and size of business. Covered by the Abu Dhabi in the south, Sharjah in the northeast and Sultanate of Oman towards the southeast region, the region has become one of the global cities of the world growing at an immense speed. The Government of Sheikh Rashid bin Al Maktoum has been providing numerous benefits to attract more business investors worldwide and has been successfully transformed itself into a global business podium. The Emirate of Dubai offers innumerable options regarding locations like Mainland, Free Zone and Offshore. One of the widely chosen options turns out to be Dubai Mainland. If you are planning to start a company in Dubai, then Mainland turns out to be the best option. Let’s have a look at it.
Company Formation Dubai Mainland
While setting up a company in Dubai Mainland, the business owner needs to appoint a local sponsor, who will be holding a portion of 51% of the company shares, and the business owner will hold the rest 49%. Nevertheless, the local sponsor can turn up to be a local individual as well as a business entity. Thus, it becomes essential to carefully select a local sponsor while setting up your business in Dubai Mainland. However, you will be able to earn multiple benefits by incorporating your business in Dubai Mainland. Let’s have a look at them.
Benefits of Establishing a Company in Dubai Mainland
Dubai Mainland is famous for providing a well-built infrastructure to the business owners, that provokes them to set up a business in the region. The business owners earn the following benefits by establishing a company in Dubai.
- Unlike free zone and offshore, you can carry out the business activities in any part of the UAE
- You will be exempted from paying corporate or personal tax
- There is no requirement of any minimum capital
- Office space is readily available across Dubai
- You possess the flexibility to join hands with the government and get indulged into Government projects
- Helps you to grab a bigger audience
The benefits mentioned above are beneficial enough to grab the attention of the business owners and investors worldwide. Now, you must be wondering,” What type of Businesses do Incorporate in Dubai Mainland?” Well, the answer to your question lies ahead. Let’s take the next step to understand the different business industries that get incorporated in Dubai Mainland.
Business Opportunities in Dubai Mainland
If you are an experienced business person, or even an entrepreneur, you can select Dubai Mainland for the following businesses:
Advertising agencies work with the end goal of enhancing the company’s brand. Since Dubai Mainland turns out to be the first choice of business investors, it is profitable to open an advertising firm, as they would require one at every phase of the business cycle. To start one, you need to hold an advertising license.
Dubai is known for its luxurious lifestyle and its multi-cultural umbrella. The region attracts foreign expats from every corner of the world coming from different cultures. Setting up an apparel business in Dubai turns out to be profitable for business owners, as it would end up gathering a mass market.
3.Accounting and Bookkeeping
It is well-known that accounting serves to be the lifeline of any business. The growing demand of business entities parallelly increases the need for accounting and bookkeeping services. The upcoming Expo 2020 is expected to end-up building more business partnerships, which would result in giving birth to more business entities. Thus, opening an accounting firm turns out to be a favourable option for business investors.
Online presence is the ultimate demand of every business. The technology has infused its presence in every possible business industry, making an easy way for buyers and sellers. Dubai has an open ground for online businesses, and thus, it makes it flexible enough for the investors to invest in an e-commerce business with a wide range of products and services. To start with, you need to hold an e-commerce license.
Another option that you can avail to start a business in Dubai Mainland is real estate. Starting a real estate business thrives out enormous business opportunities for the investors. The Dubai Real Estate Market is on the way of attaining a paradigm shift by the end of 2020.
It can be easily understood now that setting up a company in Dubai Mainland turns out to be profitable as it gives various options for business entities to come forward and start a business. The process of establishment requires error-free documentation and proper legal documentation. Any error found in between might lead to cancellation of business license and as a result, stops the incorporation process. Commitbiz consultants are here to help you to carry out the process in a hassle-free way. We stand as one of the best business consultants in Dubai, providing the best business setup solutions. To have a word with our team, do contact us today-even if it’s for a friendly advice.