Mainland Company formation in Dubai
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- Categories: All Blog Posts, Company Setup, Mainland
Dubai Business environment is really favorable for investors around the globe. Dubai’s infrastructure is one of a kind which attracts businesses from all over the world. Company formation at Mainland is the perfect option for investors as it promises the ease and flexibility to expand their businesses.
Mainland Company often referred as an onshore company is licensed by Dubai Economic Development (DED) of the concerned Emirate. It is allowed to do business inside local markets without any constraints.
Business Licenses – Mainland Company formation
Types of licenses offered at Mainland companies
- Industrial License – Required for Industrial and manufacturing purposes
- Commercial License – Required for trading activities
- Professional License – Required by all specialists’ professionals, Craftsmen and artists
Types of Companies offered at Mainland
- Limited Liability Company Formation in Dubai (LLC)
Limited liability Company also known as LLC is one of the favorable options for company formation in Dubai & UAE. LLC formation in Dubai will lead your business on the path success and prosperity. LLC Company offers low-cost business setup options which makes it ideal for potential investors to hop on the idea of it.
LLC mostly has two or more shareholders (up to 50) who want to setup their business at mainland UAE. One of the key benefits of LLC company’s shareholders is their liability in the company is limited to the amount of shares they own, plus their assets are protected.
Previously, for the incorporation of LLC Company, it was mandatory to have a local sponsor owning 51pc of the company. However, recently on March 30th, 2021 there has been a change of policy by DED, Foreign investors could now own 100% of a company, as opposed to the previous maximum equity stake of 49% but it should be noted that there are some emirate industries which are not subject to this change.
- Civil Work/ Professional Company formation
Civil Work Company is for highly qualified professionals like doctors, Lawyers, accountants, consultants, engineers and vice versa. It provides 100% ownership of the company with no requirement of a local sponsor. Civil Work Company is also registered with DED, Dubai Economic Development authority.
- Branch office of a Foreign Company
Foreign and Free Zone companies looking to expand their businesses to Dubai can now have a representative or branch office at mainland. It will help them reach the local markets and expand their business.
Advantages of Dubai Mainland Company Setup
- Ability to trade internationally
- 100% corporate tax exemption
- No Currency restrictions
- No recruitment limitations
- Diverse business activities options
- Easy Business setup process
- No minimum capital requirement
- 100% repatriation of capital and profits
- Trade allowed with other mainland companies
- Allowed to open multiple branch offices
- Freedom to trade across Dubai and UAE
Can purchase land under the company’s name
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