Dubai is constantly evolving business policies that could increase foreign investments and ease the setups of new businesses. It specially developed Free Zones where foreign entrepreneurs can set up their businesses and enjoy special benefits like 100% ownership and zero tax. However, free zone companies cannot directly trade with the mainland. So, if you want to trade freely all across Dubai and other Emirates, you have to set up a company in mainland Dubai, which earlier required you to have a local sponsor that would own 51% of the company stakes. But with the introduction of the new Commercial Agency Law, owning 100% of your business is possible in Dubai. In this article, we explore the implications of this landmark decision and how Next Generation Corporate Services, the Best Business Setup Company in Dubai, can pave the way for the success of your new business setup in Dubai during this transformative policy shift.
100% Ownership of Mainland Companies in Dubai
For years, foreign companies seeking to set up business in Dubai faced an obstacle: local partners were required to hold at least 51% of shares for onshore firms. This rule was meant to encourage and support local ownership, but for many investors who wanted 100% shares, it was a major hurdle. In a move designed to open the economy to greater foreign capital, the UAE has now permitted businesses to enjoy complete ownership by foreigners.
As the UAE’s amended Commercial Agency Law takes effect, new enterprises and their owners are taking full advantage of the 100% ownership option that is now available across all categories. The benefits will be seen across numerous sectors, including retail, services, and consulting, and will entice multinational enterprises to increase their presence in Dubai. Because the law expressly authorises companies that do not currently have a local sponsor to take on this role for their company.
This historic policy shift has been welcomed enthusiastically not just by us, the top Business Setup Advisors Next Generation Corporate Services, but also by entrepreneurs and financiers. It signifies Dubai’s ambition to become an even more attractive global hub. With complete ownership allowed, Dubai is well-positioned to attract ambitious ventures and expand its footprint as a business nexus.
Set Up Your Mainland Company in Dubai with Next Generation Corporate Services
Being the Best Business Setup Company in Dubai, we are always ready and up-to-date with all the latest corporate policies of Dubai. We will help you get all the benefits for your business setup from this transformative policy change. Our Business Setup Advisors are always dedicated to helping you seamlessly set up your mainland business in Dubai with our top business setup services, which include:
- Business Setup in Dubai: From business registration to obtaining your licenses and permits, we provide end-to-end business setup services in Dubai. With our services, your busines setup process in Dubai becomes efficient and simple.
- Mainland Company Formation: We also help entrepreneurs and businesses set up their companies in Mainland Dubai. We simply the process ensuring that your company complies with all the regulations and operates without any difficulties.
- Business Setup Consultation: Our Business Setup Advisors are always available to solve all your queries related to your business setup in Dubai. With our expertise, you get valuable insights into the local Dubai market, which helps you to make informed decisions.
- Market Research: We offer comprehensive market research services to help you gain a deeper understanding of your target market. This information is invaluable for making informed business decisions and strategies.
For more details about setting up your business in Dubai, contact us and book a consultation call with Next Generation Corporate Services today!
In Conclusion
The new Commercial Agency Law that allows 100% foreign ownership of commercial companies in Dubai is a very significant decision that could have a greater impact on the economy of Dubai. These change not only makes Dubai more appealing to foreign investors but also opens up avenues for economic transformation and growth. Next Generation Corporate Services, the Best Business Setup Company in Dubai, is always ready to adapt to any legal amendments and will guide you accordingly to manage your business setup process in Dubai. Contact us today and own your business in the world’s most dynamic business environments.
