Benefits of Business Setup in Dubai Mainland

 

Dubai Mainland, is the geographical marked jurisdiction by the Department of Economic Development for all the private businesses that are subjected to conduct commercial activities. In simple words it is the main land that has a convenience of transportation and is under prominent locations of the city. The business is setup at a place under the closet proximity of all the expediency. Mainland merely means a land that has more eminence socially, politically, economically and demographically.

While considering a Business Setup in Dubai Mainland category, there are list of documentations, one needs to adhere to for a business operation. Moreover, the company also needs to be collaborated with an UAE National as well as facilitate documentation – such as trade license, registration of the company, and other permissions from the Economic Department. There are mainly three certificates required for any business activity under a mainland setup – Commercial license covering various kinds of trading activity; Professional license covering professional service related industry; Industrial license for manufacturing units and industrial works.  In certain instances, depending on the type of activity, permissions from Ministry of Economy and Commerce, Ministry of Finance and Industry, Ministry for Health, Registration from the Chambers of Commerce and Industry are also involved. The regional options are multiple for a business setup under Dubai Mainland such as, the Sheikh Zayed Road, Business Bay, Deira, Burdubai, Al Quas, Al Qusais, etc

Important steps towards a setup business in Dubai Mainland:
•    Deciding a business activity
•    Getting a name approval
•    Selections of a local agent or business partner
•    Acquiring initial permissions and approval
•    Drafting a Memorandum of Association with the partner or shareholders

•    Rent an office and get the tenancy contract attested
•    Submission and collection of the licenses.

Benefits of Business Setup in Dubai Mainland:
•    A business formation in Dubai Mainland has no currency limitations or restrictions
•    Under a Dubai Mainland business setup, you can regulate the company from any part of UAE
•    Renting an office is easier, as you can enter into a tenancy in any part of Dubai, giving you multiple options
•     Under one license you can participate in a range of activities as mentioned under your license
•    Free to conduct business or have an exchange with any company without boundaries
•    To acquire a Dubai license, no capital is required
•    No limitations or barriers on registrations
•    No restrictions on the number of visa attained and simpler recruiting process
•    A tax free environment – with no corporate tax as well as no personal income tax
•     Licensing and registrations is comparatively easier and stable
•    Formation of the company and incorporation process is easier
•    No yearly auditing required
•    In some types of business, Dubai Mainland can be used as the only option that can make the business proceeding effective

Nevertheless, a nominal procedure, prominent location and the list of benefits are not the only driving factor towards opting for a Dubai Mainland. Another basic factor being that Mainland demands for a partnership with a UAE national. Several entrepreneurs state that having a local support works extremely fruitful, creating a recognition for themselves and their company in the UAE market.