OPERATING JURISDICTIONS IN UAE
Dubai is considered as a land of opportunities. It gives you good Infrastructure, better connectivity and a freedom to set up and operate your business. This country is attracting global investors by giving them different set of opportunity through different jurisdiction. Better infrastructure, cosmopolitan culture & good governance also support in providing right set of circumstances for Business & industry. Let us know more about operating jurisdiction in UAE.
iness scenario is different from many other countries. It is divided into different jurisdiction. Physically they are part of same land but they follow different rules and regulations, regulated by different autonomous authorities. There are three jurisdiction in UAE, Mainland, free zone & offshore. The country has created and developed different free zones dedicated to specific industry and trade. Remaining commercial part of the land is considered as mainland.
First of all let’s understand what is a free zone? Free zone are special economic zones which provide space for commercial set up, storage, manufacturing, loading and landing But you can’t do business inside the country. You can import & export goods, hire employees but can’t distribute or trade inside UAE. Free zone gives you the freedom for sole ownership, profit repatriation, duty free import export.UAE has more than 37 free zones. Including;Jebel Ali, Dubai multi commodities center, Dubai health care city, TECOM, Dubai South, etc.Here you can find a list of all operating Free Zones in UAE. Free zone allows you for full ownership & hundred percent repatriation of profit.
Land out of the boundaries of free zones is Mainland.Dubai Main land is a tourist hub.With the mesmerizing skyline & beautiful landscaping Dubai is a center of attraction for the world. In mainland it’s compulsory to get a local company or an individual as your sponsor. The biggest advantage of mainland is, you can open an office anywhere in UAE. You can operate your business from anywhere in UAE. Dubai is host for Expo 2020, due to this many foreign investors are more interested in Mainland. Operating a business on mainland enables you to access UAE local market.Know more about mainland and how to setup your business in mainland.
Offshores are special jurisdictions, the companies registered in this jurisdiction are actually not physically located on the land of offshore jurisdiction & also they are not allowed to do business in country. Offshore jurisdiction allows them to register and open a bank account for financial transactions and holding companies. Incorporation of an offshore company is allowed in various free zones of UAE like RAK, JAFZA and, Ajman free zone.offshore jurisdiction are providing great freedom from state regulations, encouraging global expansion, investment & growth. Learn more about Offshore company formation in UAE.
HOW I CAN SET UP A BUSINESS IN MAINLAND
To start a company on mainland an Emirati (local) partner is required. If it is an industrial or commercial company the local partner will hold 51% of share. In case of professional company you can hold 100 % share of company but a local service agent is required. He will act as your representative in front of government authorities. He will not be involved in operations and profit sharing. You must have an office space with a valid tenancy contract. First Dubai Municipality will verify your office space and RERA (Real Estate Regulatory Agency) will authenticate tenancy contract after that you can go ahead with licensing process. Maximum of ten related activities are permitted in one license.
HOW WE CAN HELP YOU
Mainland companies are known as most developed business entities. To take entry into the world of most developed business entities is also not easy. The process is simple but lack of knowledge and experience will make it tough. If you are planning to set up a business in mainland join your hands with experts. Who are dedicated for client’s expectations? We at biznet will help you in business establishment from the very first step to the complete settlement. The relationship will not come to an end here it will grow subsequently and help to grow your business also. We can help you in your search for a local service agent. We will help you in getting office space and tenancy contract. We will support you in getting all approvals, documentation process and legal framework.
AT BIZNET WE PROVIDE
A potential Local service agent (if required)
A strong local sponsor
Suitable workspace with legal frame work
Good Relations with Government departments