People of UAE find now an easy solution to company formation in the UAE with dedicated partners. UAE’s most dedicated reputed company called Socprollect is opening the identity of business setup in the most comprehensive manner. If you are approaches for the business setup services and approach a business consultant, obviously, you will be feeling incomplete. Well, with the support of team sociolect, you will be finding a great solution at the best. In the event of LLC Company Formation in Dubai or any emirate business setup, a great team of execution will be there.
Hassle-free solution for your business setup
Planning makes an easy success to your business and plans with the right person will find a better solution. Now you can find 100% ownership for the business without citizen support. The government of UAE implemented new laws a couple of days ago and without the sponsors’ support, you can build your dream. For the easy company formation solution, the Socprollect is there for the support for all the people of UAE.
A lot of strategies you need to follow for bringing your business setup worthier. As a matter of fact, the support from the business consultant is really worth it. Besides, for finding all the rules, terms of business services and many more connected, the idea of business consultant provide with us will be worthier enough.
Mainland versus Freezone
Are you someone planning to start a business venture in UAE? Do you have a clear cut idea regarding what to be done and achieved in a few months or years? If so, then you might also be familiar with the terms Mainland company and Freezone company. Well, for some these might ring a bell, while for others it may not.
Let us have a quick ride through the basic and major difference between Mainland and Freezone company.
In this land of abundant opportunities, business setup in UAE is of two types: Mainland company and Freezone company.
Mainland company:
It is the business consultancy services licensed by the Department of Economic Development (DED). The mainland is an onshore company that permits you to work in local markets as well as in outside UAE.
- No geographical restrictions.
- No yearly auditing.
- Minimal import charges.
- Access to industry practices in Dubai’s mainland.
Freezone company:
Freezone on the other hand, as the name suggests is free in all facets. It is a separate jurisdiction with its own rules and regulations. Unlike the mainland, Freezone provides complete ownership and free access to conduct business in and out of UAE.
- 0% free taxes.
- 0% corporate tax charges.
- 0% income tax charges.
- Minimal operational expenses.
Major differences between Mainland company and Freelance company
Ownership – as mentioned earlier, there are certain restrictions when it comes to mainland business setup in UAE. A foreign investor gets up to only a maximum of 49% and the rest 51% demands a local sponsor. The local sponsor must also be a UAE national.
Operational Structure – except banking and insurance, commercial, professional, or any other industrial activities are allowed in the mainland companies, outside UAE, and also in the free zones. Import and export activities are easily done in free zones but only outside UAE and in the free zone areas. Free zone business setup in UAE also needs the aid of a local distributor or agent if they have to go to local markets.
Workspace – only a minimum of 200 sq. ft would fetch a DED license to the mainland company. Whereas free zone has no such physical workplace requirement.
Visa facility – there are no limitations for mainland companies in issuing visas to its employees. The visa eligibility is given by the Ministry of labour by issuing an E-quota to the mainland employees. More the workspace and staffs, the more visas you can earn. Free zone companies generally provide two visas for smart office package.
Approval from government authorities –to obtain the license, mainland companies, need to get approval from institutions like DED, Dubai Municipality, Ministry of Labor, Department for Naturalisation and residency affairs of Ministry of Interiors or Immigration.
Hope now you have a clear picture of the business setup in UAE and also regarding the mainland and free zone companies. Establish your business as per your requirements and earn your profit from us.
