A mainland company is an onshore company and license to establish the entity is issued by the Department of Economic Development of the respective Emirate. A mainland business is allowed to do business in the local UAE market as well as outside UAE without any restrictions. It is necessary to understand the term "Mainland" as per DED's definition in order for an entrepreneur to take a decision to register a Mainland Company in UAE. Different types of license under mainland are:
- Professional license
- Commercial license
- Industrial license
- Tourism license
Mainland business setup in UAE requires registration in the Department of Economic Development (DED). A mainland company is a legal entity that can operate inside and outside the country without any restriction. The three major benefits of forming a company in Mainland are:
- The freedom to choose a premises in any area of Dubai
- The freedom to trade anywhere in the UAE or outside the country
- The possibility to conduct a wide range of business activities
- These companies are regulated under Federal Law No. 2 of 2015 which came into effect on 1 July 2015.
- No expatriate can own more than 49% shares in any commercial limited liability company (LLC).
- GCC national can own 100% shares in any company.
- GCC companies or individual GCC national can make partnership with UAE national.
- For certain business activities, as per law only UAE national can own 100% shares.
- Business activities covered under professional category can be 100% owned by expat / foreigners but it is mandatory to have UAE national as a service agent.
- It is considered as on shore business entity in UAE
According to company law, a mainland company requires a local partner or a local service agent. We provide you with a list of validated local sponsors with established contacts in the market. We help from the preliminary process of company registration, finding an excellent location, legal guidance, securing trade license. Advantages in setting up business in mainland UAE are no taxes, with bespoken access to local UAE market. Local sponsor (UAE citizen) who will be your co-proprietor of the company, or a local agent representing as a gateway to the domestic market.
Mainland Company in Dubai
Dubai not only offers fantastic business opportunities to the investors in the region. But, its a dynamic international market for the entrepreneurs with an ambition to grow far and wide. Dubai provides an exceptional and enormous market outreach. This is the perfect time to enter into the mainland company formation in Dubai, as the market is extremely favorable for the new businesses with convenient & comprehensive legal formalities. All you need to have is a native sponsorship establishing under LLC business setup in Dubai which we can also help you out with. All the mandatory licensing and inception of the companies are governed by the Department of Economic Development.
According to the trade experts, statistics reflect that mainland company formation in Dubai is the next major achievement for the all the new entry businesses. The market of Dubai has been the most lucrative one for international businesses and talents, so in other words, you got the need of perfect talent and clients got resolved with this choice of yours.
Mainland company in Abu Dhabi
Success needs hard work. Don’t listen to these ‘get rich quick’ schemes. You need to build your character and work hard on yourself and your business to achieve greatness. Work hard and work smart. Do the right things and do them in the right way. Don’t procrastinate. Take bold actions. Work long hours and craft your legacy.
The other mainlands where you can form your company are:-
- Sharjah
- Ajman
- Ras Al Khaimah
- Fujairah
- Umm Al Quwain