Why Should Foreigners Consider Investing In A Dubai Mainland Business
Mainland business is a legal entity licensed to practice business in the Emirate of Dubai. It can carry out any type of activity, as long as it is tax-exempt and sponsored by a local entity. The benefits of a mainland business are many. It has the freedom to engage in a wide range of activities, including construction, retail, and restaurant business. Before you consider a business set up company in Dubai mainland, read this article.
Mainland companies are licensed by the Department of Economic Development:
To establish a mainland company in Dubai, you need to register with the Department of Economic Development (DED). A license from DED allows you to operate any type of business in the UAE, but some types of businesses require special approvals. The benefits of setting up a business on the mainland include access to the best transportation and sustainability, as well as the availability of other facilities and services within a short distance. In addition, you can also take advantage of the favorable demographics, as well as the ease of doing business.
They can practice any type of business:
Mainland business in Dubai is a great option for anyone who wants to set up a company in Dubai. Unlike offshore entities, mainland businesses can practice any type of business and can conduct business both in the UAE and internationally. Companies can also benefit from several benefits, such as corporate tax exemptions and no minimum capital requirement.
They are tax-exempt:
A mainland business in Dubai is tax-exempt, which means that the profits it makes are tax-free. The UAE has tax-free policies that benefit both local and international businesses. Although most goods and services are tax-free, there are still some that require a tax. Nonetheless, it is worth noting that a majority of goods and services in the UAE are tax-exempt.
They have a registered office address:
If you want to start a mainland business in Dubai, you should make sure that your company has a registered office address. The government requires that a business with 100% foreign ownership has an office in Dubai. Moreover, you should ensure that the company has a registered office address before applying for a trade license. You can prove the registered office address through a tenancy agreement or an ownership agreement.