Note
- Mainland Company Setup: Ideal for investors and businessmen looking to benefit from Dubai’s political stability, world-class infrastructure, and strategic location.
- 100% Foreign Ownership: Under the Commercial Companies Law of 2021 (CCL 2021), foreign nationals can fully own mainland companies in Dubai for activities listed by the Licensing Authority.
- No Minimum Capital Requirement: There’s no need to show capital in a bank; it’s only mentioned in the Memorandum of Association (MOA).
- Corporate Tax: A proposed corporate tax rate of 9% on net profit exceeding AED 375,000 per year, effective from June 2023 or January 2024.
- Flexibility: Mainland companies can operate from any office in Dubai and engage in both local and international business.
- Comprehensive Support: Red Berry provides guidance and consultancy to ensure compliance with local laws and smooth company formation.