Establishing a mainland firm is best if you want to trade within the United Arab Emirates or would rather not be in a free zone. Businesses founded outside a free zone or on the “mainland” of the United Arab Emirates can operate in various industries. They can trade both worldwide and with businesses and individuals in Dubai and the United Arab Emirates.
The best thing is that, for the majority of mainland business types and activities, you can maintain 100% foreign ownership. But keep in mind that some businesses could need an Emirati partner. Entrepreneurs of various nationalities are swarming to the UAE to practise their profession, making it a business centre.
The Commercial Transactions Law of 2023 stipulates that a person must be at least eighteen years old to establish a business in the United Arab Emirates. According to the Ministry of Economy, there are a few procedures to follow when launching a business on the UAE mainland. These are the processes to establish your business on the UAE mainland, per the Ministry of Economy’s website. You can contact AAB Associates Mainland company setup Dubai cost.
Determine The Type of Licensing.
Understand your industry, the kind of economic activity that will occur, and the classification that it will fall under. Six primary categories of economic licenses are available in the UAE:
- Professionals in Industry, Commerce, Tourism, and Agriculture
- Choose the legal framework.
- Determine your company’s needs and select a structure that meets them.
- Selecting the appropriate business structure is essential since it will dictate the rules and laws your company must abide by.
The following are the authorised business structures in the nation:
- Sole proprietorship
- Civil firm
- Limited liability business
- A publicly traded joint stock business
- A private joint stock business
- A GCC company’s branch
- A local company’s branch
- Holding business
- An office that represents a foreign firm
The Mainland
Establishing a business on the Mainland is a good choice if you want to have the freedom to deal directly with the local and international markets in the United Arab Emirates. Mainland businesses are not limited to certain regions and are free to operate anywhere in the United Arab Emirates. If you want a Legal Consultancy License in Dubai for mainland company setup contact AAB Associates a reputable firm for your need.
Recent revisions to ownership legislation in the UAE have made it easier for foreign investors to keep full ownership of their companies in the majority of industries. Although they must adhere to certain Emiratization criteria and other regulatory norms, mainland enterprises are subject to UAE legislation and benefit from being able to trade within the local market.
Benefits
Trade flexibility: Businesses on the mainland are able to engage in direct international trade with the local market in the United Arab Emirates.
Flexibility in location: Companies can work anywhere in the United Arab Emirates.
No limitations on office space: You are free to locate your business anywhere you like.
Ownership: The majority of business operations permit 100% foreign ownership as of 2020.
Taxes: 5% VAT and 9% corporate tax are applied to profits over AED 375,000. No tax on personal income.
However, an Emirati partner might be necessary in some important industries.
