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Mainland

Mainland Business Formation in UAE

Mainland in commonly used Jurisdiction in UAE to start a Business. Mainland jurisdiction is famous for its business-friendly infrastructure and facilities. Mainland Business formation is still the first choice for most of the entrepreneurs while establishing their business in UAE. The license issuing authority in mainland is Department of Economic Development (DED). It was established in the year 1992 with the main objective of organizing and regulating the Business in UAE and enhancing the development and growth.

For mainland company formation, a UAE National also know as Local sponsor or Local service agent is required. Local sponsor is necessary for commercial license where he will hold minimum of 51% of shares. And for Professional license expat can be the 100% owner but still required local service agent.

Advantages of Mainland

-Flexibility to do the Business all across UAE.
-No minimum capital required.
-Ease of getting office space at affordable price having flexibility to rent office anywhere in mainland.
-No yearly audit required.
-No corporate or personal tax.

Type of Licenses

Commercial – Trading and commercial activities
Professional – Professional services and other services like craftsmen and artisan
Industrial – Manufacturing and industrial activity

Legal types

-Limited Liability company.
-Public joint stock company.
-Private joint stock company.
-Civil company.
-Sole establishment.
-Branch of a local or GCC company.
-Foreign branch company.
-Branch of a Free zone company

Key steps in Business formation in Mainland

-Trade name reservation
-Initial Approval
-External Approval (For certain activities if required)
-Court Notarization (Memorandum of Articles and Association/Civil Agreement/Local Service agent agreement)
-Selection of office space (EJARI)
-Final submission and issuance of License
-Issuance of Immigration Establishment card and Labour card.
-Visa processing.
-Opening of a corporate Bank account.
 

Business formation in mainland can be very challenging and time-consuming task.

 

Freezoner – Company formation specialist in UAE offers the best services for setting up a company in mainland. Please feel free to contact us for free consultation.
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