Setting Up a Business in Dubai: Steps
Dubai Mainland is highly coveted as a business destination, attracting entrepreneurs worldwide. Its appeal lies in the multitude of benefits it offers, such as tax exemptions, a business-friendly government, strategic location, and much more. However, before embarking on the journey of setting up a company on the Mainland, it is crucial to navigate through the various rules and regulations. Here are the essential steps you need to take for mainland company formation in Dubai.
Documents Required for Setting Up a Company in Dubai
- License Application
- Attested LLC agreement
- Required governmental forms
- Name reservation and initial approval certificates
- External departments approval
- Tenancy contract
- EJARI registration certificate
- Copy of NOC for partners
- Dubai Chamber of Commerce and Industry Registration
Advantages of Business in Dubai Mainland
The benefits of setting up a business in Dubai Mainland are numerous, including:
- Access to premium office spaces designed to cater to varying business needs.
- Complete freedom to manage and operate your business with minimal restrictions.
- A strategic geographical location serving as a gateway to global markets.
- Exemptions from corporate tax, promoting economic growth and stability.
- Personal income tax exemptions, allowing for greater disposable income for employees.
- Low cost business setup in Dubai is possible.
- Absence of currency exchange restrictions, facilitating smoother and more efficient financial transactions.
- Improved business opportunities in a thriving and diverse marketplace.
- An optimistic business atmosphere that fosters innovation and encourages growth.
- A hassle-free business set-up process due to streamlined procedures and supportive government policies.