There are many different benefits and costs associated with having a mainland company formation in Dubai. This article will walk you through the process of getting a Mainland license in Dubai, as well as what documents you need to obtain and renew your license. You’ll be able to make an informed decision about whether or not this license is right for you. If you’re not sure, keep reading to find out more. After all, your success depends on your success.
Benefits:
One of the most important benefits of setting up a business in the UAE is the Mainland trade license. Previously, this license was only available to companies with a local sponsor holding at least 51 percent of company shares. However, in June 2021, the Dubai Economy introduced 100% foreign ownership policies for selected activities. These activities span more than 1,000 commercial and industrial activities in seven sectors. In addition to this, they have lower startup costs, and investors can apply for a mainland license in as little as 15 minutes.
A mainland license in Dubai gives a business a significant administrative advantage. It will make the administrative process smoother, faster, and less restrictive. In addition, a mainland license will allow you to establish long-term business relations with the government. Every year, the UAE government awards billions of dollars in contract work to private companies. By obtaining a mainland license in Dubai, you will have greater chances of winning contracts and enhancing your company’s reputation internationally.
Costs:
In the UAE, setting up a business is easier with a mainland license. With a mainland license, you can obtain a residence visa, open a bank account, and begin your business. You don’t need to live in the UAE to establish a business on the mainland, but you must visit at least once every six months to keep your residence visa valid. The costs of setting up a mainland company in the UAE depend on the type of business you’re starting, the number of employees required, and the premises. You also have to pay any mandatory government fees, such as for business incorporation.
Get a mainland license in Dubai:
If you plan to start a business in Dubai, you will need a Mainland license to do so. Having a Mainland license will allow you to do many things, from sponsoring several visas to having a lot of human capital. If you have decided to invest in a mainland license, you will need to gather documents for it. These documents will be required by the Department of Economic Development in Dubai.