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Mainland Company Formation in dubai

Posted Apr 29, 2020 | Hits: 932
City: Dubai
Location: Busess Bay
Mainland Business Formation in UAE

About Mainland
Mainland is commonly used Jurisdiction for Business Formation in UAE. Mainland jurisdiction is famous for its business-friendly infrastructure and facilities. Mainland Business formation in UAE is still the first choice for most of the entrepreneurs while establishing their business in UAE. The license issuing authority in the 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 business formation in UAE, 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 Business Formation in UAE
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 in Mainland Business Formation in UAE
Commercial – Trading and commercial activities
Professional – Professional services and other services like craftsmen and artisans
Industrial – Manufacturing and industrial activity
Legal types of Mainland Business Formation in UAE
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 UAE – DED
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 UAE 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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