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Dubai Mainland is an ideal location for businesses and companies looking to conduct within the United Arab Emirates. Mainland companies need a local partner or sponsor to begin the operation of these companies. Furthermore, these companies must comply with the UAE labor and immigration laws. The Dubai Department of Economic Development issues mainland licenses to let you operate your business in this city. Mainland locations are popular among businesses involved in hospitality, service-based, and retail industries.
Dubai Marina
There are numerous locations in Mainland Dubai to open your business. However, Marina Dubai is one of the best places to set up your business in Dubai. Dubai Marina is the most famous tourist destination, which means there are always people around. This factor is among the primary reasons for forming a company because the area relies on foot traffic.
Networking Benefits
The proximity to other businesses is another reason to consider the Mainland Dubai Marina to set up your business. This factor can be helpful for networking and collaboration. In addition, there are numerous shopping and dining options to give convenience to employees.
Dubai Marina’s location is one of the biggest reasons to consider this location for starting your business. It is conveniently situated close to major business hubs in Dubai, such as Dubai Media City, Dubai Knowledge Village, and Dubai Internet City. These areas host several top companies, converting Dubai Marina into an ideal location for business startups looking to develop themselves in a thriving business environment.
Dubai Marina benefits from the UAE’s business-friendly tax regime, with no personal income and capital gain tax. In addition, you can enjoy 0% Corporate Tax if you earn less than AED 375,000. However, you must pay only 9% of Corporate Tax if you earn more than AED 375,000. This attractive business environment makes the area a global business hub.
Dubai Marina’s multicultural environment is a magnet for foreign businesses and talents. It is a hub for a diverse expatriate community and attracts investors and tourists from all over the globe.
Dubai Marina has a reputation for sophistication and luxury, which may be leveraged by companies to boost their image and credibility. The area is famous for its high-end lifestyle, including high-end restaurants, top-notch entertainment options, and luxury yachts. By starting your company in this area, you can benefit from these high-end images to attract luxurious customers and clients.
Dubai Marina has excellent infrastructure and support services, which may be crucial for new startups. The area offers modern office space with state-of-the-art technology, high-speed internet, and other luxurious amenities to help corporations operate efficiently.
Dubai Marina is profitable for numerous types of businesses. However, there are some sectors that are thriving in this area.
Let us take a look at the top business sectors in this area:
Retail and E-commerce: The area’s bustling promenade is a home for E-commerce and retail businesses looking to enter local and international markets.
Finance and Fintech: With the Dubai International Financial or DIFC nearby, financial and fintech companies find Dubai Marina an excellent place to operate their business.
Real Estate and Construction: Given the continuous development in the area, businesses in the real estate and construction sectors industry give opportunities for growth and collaboration.
Technology and IT: Technology and IT sectors are another profitable sector in Dubai Marina. As mentioned above, the area is close to Dubai Internet City. This factor makes it an ideal location for starting a Technology and IT business.
Hospitality and Tourism Sector The tourism and hospitality industry is one of the growing industries in Dubai Marina. The area is a top destination for the tourism and hospitality industry due to its scenic waterfront plus world-class hotels.
The process of setting up a mainland company in Dubai Marina requires you to follow the right path. The path to set up a business in this area includes several steps.
The following is the list of steps to kick start your mainland business in Dubai Marina:
Initially, you should determine the types of business activities to conduct in your business. Remember, the UAE has certain regulations governing different types of corporation activities. Therefore, you must ensure your company activities for your company are permissible in the area.
Once deciding your business activities, you should choose an appropriate legal structure. Remember, you should select a business structure that suits your company. Whether it is a branch office, LLC, or other legal structure.
After selecting a legal structure for your company, you must register your corporation with the DMCC authorities and other relevant authorities. This step involves obtaining the necessary licenses and permits.
After registering your business with DMCC, you should choose an office space that aligns with your business needs. Whether it is a flexi desk, dedicated office, or shared workspace, you should select the space after considering your requirements.
After selecting your office space for your business, you must apply for the required visas for yourself and your employees. The number of visas you can acquire depends on the office space and types of business activities.
Once getting the visas, you should apply for additional approvals. Depending on the types of business activities, you must acquire additional approvals from relevant authorities.
You should also need a bank account to initiate your business financial transactions in Dubai Marina.
After getting all approvals and permits, you can commence your business in Dubai Marina.
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Setting up a business in the UAE can be an overwhelming experience for the uninitiated but we can make this job truly easy for you. Talk to our expert consultants for free & decide the best course of action for yourself, today.