You can then apply for a licence on the Department of Economic Development (DED) website. You will also be required to submit certain documents. You may need to submit a Memorandum Sponsor Arrangements (MSA), Shareholder Visas or a Business Ownership Contract. The application process will vary based on the legal structure and nature of your business.

Step 7: Employee visas

Now is the time to hire employees. If you plan to hire foreign employees, you will need employment visas.

There are no restrictions on the number of visas that you can issue. This means that it is limitless. You only need to make sure that the number you apply for corresponds to the size of your office. You should be aware that the general rule is one visa per 100 square feet. Ft. Also, depending on the number of square feet in your office, you can apply for employees’ visas.

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StartinDid you know mainland businesses in Dubai, unlike those in free zones, can engage in a wider range of activities and operate anywhere in the UAE? If you also want to explore this lucrative opportunity, you must keep reading. In today’s guide, we will explore the benefits of starting a mainland company in Dubai and learn how to do it. 

Benefits of Company Formation in Dubai Mainland

You can enjoy the following benefits when you establish your business in Dubai Mainland.

• Recent changes to the UAE mainland business law allow foreign investors full control of their businesses without any local sponsorship.
• Even without restrictions, you can trade both nationally and internationally.
• The UAE allows you to trade internationally and within the UAE without restriction.
• Bid on government tenders and contracts.
• Strong and transparent legal systems that protect business interests.
• You can keep all of your profits and capital.
• Sponsor dependents and employees for visas.
• A mainland business in Dubai is also entitled to corporate tax exemption.
• With multiple branches in the Emirates, you can create a strong business presence.

How can you start a company on the mainland in Dubai?

Step 1: Determine your business activity

To set up a mainland UAE company, you must first decide what type of business you have. You can handle the licensing process more efficiently if you have a thorough understanding of what your company does, such as your business type or activity. If you plan to open a cafe or restaurant, for example, “food and beverage service” can be your business activity.

DED has compiled a list of 2,000 approved activities. You can select and review the list. To obtain a license, it is compulsory to list your company under one of these categories. This list includes a wide range of services related to manufacturing, agriculture, and hospitality.

Step 2: Choose a legal structure

After determining the nature of your business, you will need to choose a legal structure.

Dubai offers a wide range of legal structures, including sole proprietorships, partnerships, and limited liability companies. Legal structures are chosen based on a variety of factors, including ownership, liability, and tax implications. Foreign investors prefer LLCs because of the limited liability protection. To make an informed decision that aligns with your business goals, you should carefully consider the pros and cons of each structure.

Step 3: Find a local sponsor

Recently, the UAE government allowed foreign investors who are not locals to run mainland businesses in Dubai. Certain business activities do still require a local sponsor. In these cases, the investor is required to own a certain percentage. Choose a sponsor that understands your goals and has a solid reputation.

Keep in mind that the success of your business depends also on your partnership with your sponsor. You must, therefore, maintain your relationship professionally and ethically.

HM Corporate can help you. We will nominate a person to be your local partner and sponsor. You will be in full control of all your finances, decisions, and profits. Contact us for more information.

Step 4: Name your company

Carefully consider the name you choose for your business. For example, you should make sure that your business name is memorable and distinct. It must reflect your intended business type or nature in the name. You should also make sure that the name of your business adheres with Dubai’s naming rules. The name must not contain offensive words or political or religious affiliation. To avoid conflicts, you can also conduct a thorough investigation.

Step 5: Select a location for your business

Selecting the ideal location for your business is essential on the mainland. To get a mainland license, you need a registered address. The business must meet all the requirements, including those for decor, cafes, high-speed internet, office desks, meeting rooms, etc.

To prove that you own the property, you must have a lease or ownership agreement.

Step 6: Applying for a mainland license

g a business on the mainland in Dubai requires a thorough understanding of its fundamentals. This includes everything from determining what your business is to obtaining all necessary licenses.

Don’t worry. HM Corporate has a team of experts that can help you. They understand the intricate details involved in forming a mainland company in Dubai.

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The industrial revolution that has taken place in the United Arab Emirates over the past three decades is well known. However, to make the most successful start, an entrepreneur can easily get confused about whether he should choose the Free zone or the Mainland. This guide is for those who are in the same boat as we will discuss the ultimate reasons or benefits of why you should choose Dubai Mainland for your business setup. 

So, without further ado, let’s find out. 

Location Flexibility

In contrast to free zones, where companies are restricted to specific geographic areas, mainland businesses can establish their presence wherever they choose in Dubai. Due to this flexibility, businesses can choose strategic locations that best suit their market, growth plan, and needs. A mainland Dubai-based company can now make direct contracts with customers anywhere in the UAE.

Tax-Friendly

You should also consider the tax-friendly environment when deciding whether to set up your business on the mainland or in a free zone. The UAE does not require Mainland businesses to pay corporate or personal income taxes. You can keep your capital and profits, which you can reinvest into your business.

Restriction-Free

Dubai Mainland has fewer business restrictions than free zones. There are less restrictions on what businesses can do. Also, the scope of operations and expansion is more flexible.

If you’re looking to start a business on the mainland in Dubai, there are many options. You are not restricted to a set of categories. You can call this “open market access,” allowing you to expand without geographic limitations.

Government Contracts

Did you know that setting up a business in Dubai offers the chance to bid for government contracts?

Yes, it’s true. As a mainland-based company in the UAE, you are entitled to government contracts. These contracts can provide a substantial source of revenue. Government contracts will allow you to maintain your profit because they are long-term and high-paying. Anyone looking to set up a mainland business in Dubai can benefit from this.

No-hassle Company Forming

Dubai Mainland provides a simple, efficient, and minimally bureaucratic procedure to establish a new company in the UAE. The government has simplified the company formation process to make it easier for entrepreneurs. From registering a business to obtaining the necessary licenses, everything is simplified. You can quickly set up a business in Dubai Mainland and can focus on its growth and development.

Get 100% Ownership

UAE law was recently amended to allow foreigners 100% ownership of their company in Dubai Mainland. They no longer need a sponsor or local partner. This reform is important because it allows entrepreneurs to take full control of their business and make independent decisions. Profits can be repatriated in full due to the fact that entrepreneurs retain ownership. Dubai Mainland is, therefore an even more attractive destination for foreign investors looking for a rewarding and safe business environment.

Easy Banking

Many local and international banks in Dubai offer a variety of business services. Their financial services, such as loans, credit, and investment, are easily accessible. The ease of banking facilitates smooth financial transactions. Cash flow is also managed effectively, which ultimately helps to support the growth of the business. Advanced digital banking also ensures that businesses can conduct their operations safely.

No Visa Limit

It is an excellent reason to establish a mainland company here in Dubai. Visa restrictions do not apply to mainland companies. This flexibility allows businesses to expand their operations and hire the necessary talent without visa restrictions. It is important to note that visas are issued based on the size of the office required (one visa for every 100 sq. ft).

How Can HM Corporate Help You?

Establishing a business in Dubai offers many advantages. These include location flexibility, tax incentives, and fewer operational restrictions.

HM Corporate can help you streamline the process of registering your business on the mainland by offering expert guidance. We guide you through legal requirements and provide support for obtaining necessary licenses. Our team is familiar with the local market and can help you make strategic decisions aligned with your growth plan.

Contact HM Corporate to start today!