Dubai is the land of opportunities. Many economists and business professionals have charted this city as the best place to start your business because of the facilities such as world-class infrastructure, reliable connectivity, talented workforce, cosmopolitan workspace and incentives to invest further.
How to Start a Company in Dubai Mainland?
So why is mainland such a lucrative area to set up in Dubai?
Dubai Mainland is the total geographical area which is permitted by the DED (Dubai Economic Department) to all the private business entities and their representative to operate commercial business functions. These are prime locations where a foreign business owner can work, for example, international chains of food, luxury goods, car makers, etc.
As per the Business Incorporation laws of UAE, a Foreign Owner can hold only up to 49% of the business, if set up is in Mainland and a UAE national mandatorily holds 51% of total equity except in the following cases:
- Activities with 100% GCC ownership
- Instances where GCC companies enter into a partnership with UAE National
- Where the law requires 100% local ownership.
- Businesses located in Free Zones
The following are the jurisdictions which provide the mainland business opportunities:
Sheikh Zayed Road: This road is the development structure of the city of Dubai. It has the most prominent building and skyline which amasses wealth and the evolution of Dubai and accommodates some of the world’s largest ventures, international companies, and businesses.
Al Karama, Bur Dubai, and Deira: All these three areas are the older parts of Dubai. They are known for historic venues, tourist destinations, residential complexes, real estate, gold souk, and wholesale businesses.
Business Bay: If you are looking for infrastructural assistance for business ventures such as financial sectors, professional consultants, retail industry, hospitality ventures, Business Bay is the location for you. It is the central business district and is responsible for creating multiple business setup centers.
Al Quoz is one of the upcoming commercial hubs of Dubai and has the benefit of providing warehouse and industrial options closer to the city. This area has been divided into four parts – factories, industrial setups, warehouse, and other locations. It also consists of shopping centers, malls, and labor accommodation zones.
Al Qusais: This area is known for residential areas and industrial zones. It is also considered among the biggest areas to accommodate educational institutes and medical centers.
Jumeirah: It is the coastal part of the city and hub for residential areas and lavish business development modules. This area gives Dubai a luxurious feel of the accommodation, real estate, and hospitality sector.
Advantages of setting up a business in Dubai Mainland:
It’s a great decision to begin your organization in Dubai. When it comes to business setup in Dubai, the following are the traits which pull an investor towards investing further:
1) Zero Taxation- none in the case of corporate or personal tax
2) No limitation in getting employment visas and easy recruitment process.
3) Limited restrictions on a minimum capital requirement.
4) No yearly auditing
5) No restrictions on processing legal documents
6) No restrictions on recruitment
7) Low import duty
8) Ease of getting affordable space with flexible rent or lease for office anywhere.
Commitbiz is a business consultant organization having skilled consultants with more than a decade worth of experience in setting up businesses in Dubai and the UAE. Our team has established their credibility in providing services to small, large and medium enterprises. We have set up businesses for international organizations and business owners in Dubai Mainland and understand the fundamentals of this area. We are registered agents and provide complete package solutions on company formation, registration, setup, etc. To get more information on our services or to jumpstart your business in Dubai Mainland, contact us today.