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A Mainland company is an onshore legal entity that can operate anywhere in UAE or outside of UAE but requires the approval of the Department of Economic Development (DED), in which the company is incorporated. Along with the mainland company setup application, entrepreneurs will be requested to submit the details of their business activity. Based on the rules and regulations, DED grants approvals for mainland company formation in Dubai, Abu Dhabi, Sharjah, Umm al-Qaiwain, Fujairah, Ajman, and Ra’s al-Khaimah.
By giving permission to open a mainland company and proceeding with the approval of mainland employment visa for its employers, DMCC aims to promote and facilitate trade across UAE. A comprehensive range of trade license and commercial license offered by DED under mainland are:
The first and foremost requirement to set up a mainland company and obtain a trade license Dubai or trade license Abu Dhabi or trade license in other provinces of UAE is to include at least one UAE national for its formation. The chosen UAE national(s) will act as the local sponsor to your onshore company and are also given the permission to act as shareholder(s) or a local service agent(s). Whatever position the person holds, in the case of a sole proprietorship, civil company, or an onshore branch, he can serve your company, without formally holding any shares. However, LLC company formation in UAE demands a minimum share of 51 percent for its local sponsor(s).
Entrepreneurs can choose from any of the places in the UAE
Unlimited freedom to set up a wide variety of business activities
Equal permission to get a trade license both in UI and outside the Emirates
A company owned by an individual, who is solely responsible for all the day to day operations of the company is known as Sole Proprietorship.
One of the traditional company structures in the mainland is LLC. The minimum number of shareholders who can invest in an LLC is 2 and the maximum is 50.
A company formed on the basis of a business partnership between professionals with a focus on delivering professional consultancy services is known as a Civil Company. According to DMCC, the professionals who agree to enter into a partnership can be mainly doctors, engineers (except civil engineers), lawyers, accountants etc.
Also known as private joint-stock company, the minimum number of investors needed to start a private shareholding company is 3. The minimum capital required is AED 2,000,000. Forming a private share holding company brings numerous benefits for company owners as investors are given complete freedom to start any of the industrial, commercial, and professional activities of their choice.
A Branch office can be regarded as an extension office of an already formed mainland company. Offices of any of the foreign companies, Dubai based companies, UAE based companies, GCC based companies, and free zone companies can be a Branch Office.