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Mainland Business Formation in UAE Business

2 months ago Services Dubai   46 views


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Location: Dubai
Price: $1,000

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

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

Type of Licenses in Mainland Business Formation in UAE

  1. Commercial – Trading and commercial activities
  2. Professional – Professional services and other services like craftsmen and artisans
  3. Industrial – Manufacturing and industrial activity

Legal types of Mainland Business Formation in UAE

  1. Limited Liability company
  2. Public joint stock company
  3. Private joint stock company
  4. Civil company
  5. Sole establishment
  6. Branch of a local or GCC company
  7. Foreign branch company
  8. 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