Dubai Mainland Business Setup.
Comprehensive Guide to Dubai Mainland Business Setup
Key Benefits of Mainland Business Setup:
❯ 100% Foreign Ownership: Under CCL 2021, foreign nationals can fully own Mainland Companies, as per activities listed by the Dubai Economic Department (DED).
❯ No Currency Restrictions: Freely conduct business without the concern of currency limitations.
❯ Location Freedom: Choose your office location anywhere in Dubai to best suit your business needs.
❯ No Minimum Capital Requirement: Mention your share capital in the Memorandum of Association without the need to display capital upfront.
Setting Up Made Simple.
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Tailored Policies for Success.
Dubai's forward-thinking business policies are crafted to bolster your company's growth, with a Corporate Tax rate proposed at 9% on net profit over AED 375,000 (EUR 96.000 / USD 103,000), set to commence in mid-2023 or 2024. Importantly, personal incomes such as salaries, dividends, and capital gains from share ownership REMAIN UNTAXED at the individual level.
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New regulations since June 2021 amplify the ease of doing business in Dubai Mainland:
❯ Expanded Foreign Ownership: 100% foreign ownership is now permitted across various sectors, including trading, healthcare, manufacturing, and more.
❯ Simplified Company Structures: Even single-person LLCs are now possible for foreign investors.
❯ Professional Activity Provisions: The requirement for a UAE national as a Local Service Agent is now limited, primarily to professional activities.
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With the amended Commercial Company Law, setting up your business in Dubai Mainland has never been more straightforward:
- Majority commercial and industrial activities open for full foreign ownership.
- The option for single-owner LLCs enhances business structure flexibility.
- Real estate-related activities, including brokerage, can be fully foreign-owned.
- The role of the Emirati national as Local Service Agent is now more specific and limited.
- Company incorporation processes, including MOA preparation, have been streamlined for efficiency.
Take the Next Step in Dubai Mainland Business Setup.
The pathway to establishing a successful business in Dubai Mainland is clear. With The Blackstone Group Dubai, you gain an experienced ally to navigate the promising business landscape of the United Arab Emirates.