Dubai Mainland Business Setup – Exploits Beyond Boundaries

Businesses are like marriages. As in the case of a marriage, you make an informed decision taking into consideration even minute details right from your nature and cultural compatibility to your would-be partner to your would-be in laws and their upbringing and environment. So is the case with setting up a business where you will have to keep a keen eye on the intent and political will of the government, the business environment, cultural compatibility and the legal necessities of the place where you intend to setup your business. One even takes into account each other’s likes and dislikes and researches every possible minute details as we know that one wrong or ill informed decision would lead to lifelong sufferings and emotional drain. Similarly one wrong or ill-informed or ill advised decision can cause our business to bleed to death or cause huge losses in terms of time money and emotion.

Anyone contemplating starting a business setup in Dubai is up for a roller coaster journey as the potential to explore and exploit is limitless .In the past few decades Dubai has emerged as the most vibrant and future ready city not only in the Middle East but the entire world. It has attracted residents and entrepreneurs from across the globe owing to its rich, conducive and multiethnic business environment. Dubai has undertaken giant strides in innovation and cutting edge technology and has emerged as the engine of economic growth not only in the Middle East but the whole world.

There are a zillion reasons for setting up business in Dubai, prominent among them are as follows:

1. It is one of the safest places to reside and work with the least crime rate in the world and the most advanced policing system and excellent law and order.
2. Virtually zero taxation and the most liberal taxation policy in the world and huge incentives on setting up businesses.
3. It is amongst the most politically stable places on the planet with an able and willing political leadership striving to make Dubai the best place on earth to do business and reside and be excellent in every endeavor it undertakes.
4. Once you visit Dubai, You will surely feel its warmth and welcoming aura rich in cultural diversity, tolerance and pluralism. Almost 90 % of its residents are expats.
5. Dubai’s strategic location is an added advantage as it acts as a gateway to the east and the west acting as a connecting link between Europe, Asia and Africa and is the most progressive and tolerant city of the Middle East.
6. Prominent personalities from Hollywood, Bollywood International Athletes, Industrialists and the rich elite from across the world are lining up to make Dubai there second home. The concentration of huge wealth in a single city provides huge opportunity to be exploited.
7. Setting up business in the city of Dubai allows 100% ownership and control of businesses to foreign entrepreneurs and investors and full profit and capital repatriation making doing business in Dubai an even more lucrative proposition.

Once you have made up your mind to make Dubai your business setup abode the next question that comes to mind is whether to go for Dubai Mainland Business Setup or Free Zone Business Setup which is an pertinent dilemma faced by almost all entrepreneurs and investors and we at Consult Zone have felt that almost all our clients contemplating Dubai Mainland Business Setup or Free zone Business Setup lack expert advice form domain specialists and there is a huge knowledge gap that giving rise to a lot of misconceptions and apprehensions which act as a deterrent in making the all-important decision. Some say that a new legislation has allowed 100% ownership for foreign entrepreneurs in Dubai Mainland Business Setup as well therefore Mainland Businesses and Free Zones are the same.

Through this piece of writing, we at Consult Zone would like to alley your fears and clear your apprehensions regarding Dubai Mainland Business Setup so that you can take an informed decision and Setup a profitable and thriving business in Dubai based on expert advice and not on gossips.

There are basically three modes of Setting up Business in Dubai

1. Dubai Mainland Business Setup
2. Dubai Freezone Business Setup
3. Dubai Offshore Business Setup

Through this piece of writing, we, at Consult Zone would specifically be focusing on Dubai Mainland Business Setup.

What actually is the Dubai Mainland?

The Onshore area in Dubai that excludes the Free Zones and is regulated by the Department of Economic Development, Dubai, which is also the licensing and monitoring authority, constitutes the Dubai Mainland.

Dubai Mainland Business Setup

Previously, for Dubai Mainland Business setup, it was a statutory obligation making it mandatory for business owners to have a local Emirati sponsor who was supposed to hold majority stake in the business not less than 51 % but a recent legislation has made amendments in the law and now with a few exceptions, businesses, even a foreign entrepreneur can own and control 100 % of his business enterprise thus removing a major hindrance for foreigners to setup a business in Dubai.

Dubai Mainland Business Setup mandates the requirement of a license from the Dubai Economic Authority.

Source:- https://consultzone.ae/blogs/dubai-mainland-business-setup-exploits-beyond-boundaries/