Looking for a new destination to set up or expand your business? A company in Dubai, the United Arab Emirates is a highly profitable tool for making commercial challenges simple. The formation of international holdings and trust structures, as well as the registration of a local, Free Zone, or offshore company, opens the door to a tax-free business, UAE tax resident (domicile) status, access to various markets and access to international tax planning advantages.

Why register company in Dubai?

A company in Dubai, the United Arab Emirates is a highly profitable tool for making commercial challenges simple. The formation of international holdings and trust structures, as well as the registration of a mainland, Free Zone, or offshore company, opens the door to a tax-free business, UAE tax resident (domicile) status, access to various markets and access to international tax planning advantages. 

Mainland Limited Liability Company in UAE:

This is the most common type of company in the UAE, and it is recommended when the corporation's goal is to trade across the entire region. 

For individuals and businesses, forming a mainland corporation in Dubai can be a very profitable investment opportunity. Mainland firms are corporate entities that are permitted to operate and function within the Emirati jurisdiction's commercialized geographical regions. Dubai Mainland License refers to any commercial, professional, and single establishment business entities that are registered with the Dubai Economic Department (DED). First and foremost, having a Dubai mainland license gives you the most freedom and flexibility in growing and operating your business. 

Please note that in the UAE, 100 % foreign ownership of this company type is permitted from 2021. Due to revisions in UAE company legislation, foreigners forming a company in Dubai will no longer require an Emirati shareholder or agent.

The advantage of setting up a business on the mainland is that you may choose from a variety of places:

  • Business Bay - Business Bay is a business hub that caters to businesses in the service and hotel industries. Business Bay is a suitable location for a range of businesses, from little stores to large multinational corporations. Between Dubai Creek and Sheikh Zayed Road is the area. 
  • Deira - one of Dubai's oldest neighborhoods. Deira, in Dubai's north, has a border with Sharjah and is a great place to start a small business or a medium-sized business.
  • Al Quoz — Al Quoz is a city in Dubai's south-west area. The area is mostly an industrial one. In a north-south orientation, the Sheikh Zayed Road and Al Khail Road run parallel to each other on each side of Al Quoz. Al Quoz is a popular location for establishing warehouses, industrial concerns, and other relevant economic operations as an industrial district. 
  • Al Qusais — Another well-known industrial neighborhood, Al Qusais is located near Dubai International Airport. Residential complexes are also available in the area. Al Qusais is located on Dubai's outskirts. Commercial establishments, educational institutions, and other businesses thrive in Al Qusais. 
  • Jumeirah — Jumeirah, located on the west coast, has a lot to offer in terms of real estate and tourism.

Licences for Dubai mainland company

To register a mainland company in Dubai, an investor must obtain either a professional or a commercial license. For enterprises operating on the UAE mainland, four major licenses are issued.

The following licenses are issued based on the type of business: 

1) Professional License in UAE – A license for businesses that engage in service-oriented activities. Professional licenses are essential for anybody who engages in any type of professional activity, such as consulting. In comparison to other licenses, the cost of obtaining a professional license is lower. 

2) Commercial License in UAE – This is a license provided to businesses that engage in the purchasing and selling of products or services, or simply trading. The general trading license is preferred by most traders since it allows them to execute many trading activities with a single license. In Dubai and the UAE mainland, commercial licenses are relatively widespread. All professional license processes, such as issue, revision, and revocation, may be completed quickly.

3) Industrial License - A license provided to businesses that manufacture goods, such as factories and industries. Depending on the nature of industrial activity, you may need to obtain permission from government bodies. 

4) Tourism License — A valid Tourism License is required for any tourism-related activity. The Department of Tourism and Commerce Marketing (DTCM) is responsible for issuing tourism licenses. In order to perform inbound and outward tour-related operations, you must have a valid tourism license.

Benefits you get from LLC in Dubai

Tax:

  • Corporate tax exemptions are available to mainland businesses. 
  • A TRN number is assigned to a firm operating in the UAE, which offers trust and legitimacy to foreign financial institutions and others.
  • All business owners are eligible for a residence permit, followed by tax resident (domicile) status, which protects them from CRS (exchange of tax information).
  • Unified tax and customs regulations.
  • 0% corporate and personal income, dividends. 5% VAT for a number of internal operations.

Business environment: 

  • The UAE protects investors' rights by offering global and local businesses equal commercial possibilities.
  • Information on foreign business owners who have registered a company in the UAE is kept secret under UAE law.
  • UAE company means financial freedom. No currency limitations, no restrictions on depositing and withdrawing cash, and a simplified KYC procedure for transactions in the local currency.
  • Freedom to rent commercial space in any area.
  • 100% foreign ownership of the company.
  • Wide range of business activities in UAE and beyond.
  • Possibility to process UAE residence permit and open a bank account.

Brief explanation of the process

  1. Select a business activity - choose from available types of business entities in UAE.
  2. Choose a business structure. 
  3. Obtain trade name approval - choose the name that suits your business. 
  4. Obtain preliminary license approval. 
  5. Obtain clearance from outside sources (if required) 
  6. Obtaining a license - obtain a UAE business licence depending on your business activity. 
  7. Create a business bank account. 
  8. Obtain a business card. 
  9. Process visa - company is ready, move or visit Dubai.

Contact us to register company in Dubai

From licensing to legal support in day-to-day operations, EU LAW FIRM team provides the legal advice and support you need to establish and expand your business in the United Arab Emirates in 2022.

Contact EU LAW FIRM lawyers in Dubai, you are welcome to use the contact form on our website or:

E-mail for general enquiries: info@eulawfirm.eu

Telephone: +371 26742086 (Available on WhatsApp/Telegram/Viber)

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