Mainland Company Formation In UAE
Before investing in UAE, you may wish to seek primary information regarding business setup. We have provided brief information on various aspects relating to incorporating and/or operating a business in the Mainland Area of UAE.
For Mainland Businesses, a local service agent is required, and the license is provided by the Department of Economic Department in Dubai.
Select your Company Structure:
- Limited Liability Company (LLC)
- Joint Venture / Consortiums
- Civil Company
- Private Shareholding Company
- Public Shareholding Company
- Branch of a Foreign Company
- Partnership Companies
- General partnership company (UAE nationals only)
- Limited partnership company (UAE nationals only)
The benefits of a Business Setup in Mainland UAE
Embarking on a journey to establish your business in mainland UAE opens doors to a world of opportunities and advantages. The benefits of a company based in Dubai Mainland includes:
- No minimum capital requirement for the formation of Mainland Company.
- Mainland companies can trade with other mainland companies in Dubai or UAE.
- Mainland businesses can choose their office location anywhere in Dubai
- Mainland companies are allowed to take on governmental work.
- There is no limitation on the number of visas on mainland license
- There is no currency restriction for mainland business in Dubai.
- 100% repatriation of capital and profits are admissible.
- No Annual Audits required
Requirements of Setting Up and Incorporation
While incorporating a Company in the Mainland, Investors are either required to be present in the country during the registration process, or the Investors can issue a Power of Attorney duly notarized and attested at the UAE Embassy and the Ministry of Foreign Affairs in the investor’s home country.
Steps involved in the Company Formation in UAE
- Identifying a business activity
- Selecting an appropriate legal form
- Registering the trade name
- Applying for an initial approval
- Drafting a Memorandum of Association and local service agent
- Select a business location
- Get additional government approvals
- Submit documents and pay fees
Documents required for Company Formation in UAE
- For the Initial Approval
- Registration and licensing application, as well as proof of reserved trade name.
- Photocopy of applicant’s passport (together with residence permit/visa details for non-GCC nationals).
- No-objection letter from the applicant’s current sponsor for non-GCC nationals.
- Photocopy of the director’s passport, and no-objection letter from the director’s current sponsor.
- Permission from the court to practice business, for applicants under 21 years.
- Approval issued by other Government authorities according to the type of activity.
- Board resolution (if the partner is an existing corporate entity).
- Documents Required After getting the Initial Approval
- Initial Approval receipt – All documents submitted for Initial Approval.
- Photocopy of office lease including the plot number.
- Photocopy of the Memorandum of Association duly signed by the Notary Public.
Types of Mainland License
- Professional License
- Commercial License
- Tourism License
- Industrial License
Tax Applicable in Mainland
- VAT is applicable on companies’ maximum up to 5%.
- Corporate tax is applicable on Mainland Companies at the rate of 9% for income above AED 375,000.
Steps to Set Mainland Company
- Choose your business activity
- Take initial approvals from DED
- Apply for external approvals if required
- Trade name reservation
- Signing of MOA
- Office space selection
- Mainland license issuance
- Apply for relevant visa
WHY US?
We at LEGALLANDS, we provide the best services for establishing a Mainland Company in UAE. We specialise in delivering solutions that best fit your needs when starting a business by providing quick, dependable, and experienced assistance. To set up a company is generally the first step where we provide services like trade license issuance, company incorporation and renewal. Along with that we also provide tax preparation, legal advice etc.
