The United Arab Emirates (UAE) has diversified its economy in the past decade to allow global business opportunities attracting the foreign investment into UAE and with the recent amendment in Federal Law no. 2 of 2015 especially “by removing restrictions concerning a UAE national’s existence as a majority shareholder” has increased the encouragements for all form of investors who is interested in forming a Company in UAE.
Though the statement “There has never been a better time for company formation in UAE” could probably be held true at any time during past decades, but right now THE TIME IS PRACTICALLY PROMISING.
These promising practicalities include:
JURISDICTION / TERRITORY for setting up the Company in UAE
WHAT IS MAINLAND?
The area that acts as the epicenter for most business operations is known as UAE mainland, also known as area for onshore company formation. UAE mainland is the total geographical area, permitted by Department of Economic Development (DED) of the respective emirate to all business entities to operate business functions freely – in the local market, free zones as well as outside the UAE.
Main advantages for companies operating under the mainland license are:
Abu Dhabi Department of Economic Development– Abu Dhabi:
In contrast, Free Zone companies can locate offices only in their zone, operate only within the industry the zone specializes in, and do business only with the private sector. Mainland Company Formation in UAE, therefore, is an attractive prospect for many entrepreneurs.
A STEP-BY-STEP GUIDE
While the technical, administrative, and financial aspects of the Company formation in Dubai can seem daunting, by following the step-by-step process with the right support, it is far simpler and more affordable than you might think.
For Company formation, there are following 6 steps:
Types of Mainland Company Setup in UAE
The types of businesses and enterprises that you may be thinking of while setting up a business in mainland UAE could fall under one of these categories:
In case you require any further information or clarification, feel free to contact us at below given details:
ANUVI BUSINESS SOLUTIONS