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!
