Such type of company is the most common type of registration in the UAE and is recommended where the purpose of the entity is to trade within the whole region. Kindly pay attention that 100% foreign ownership of this company type in the UAE is not permitted.
Pay attention that:
Foreign investors are allowed to hold only up to 49% equity ownership in UAE companies
51% of shares must belong by one or more UAE nationals
2 to 50 shareholders can be included
The minimum recommended share capital is AED 300,000
Multiple business-related activities under 1 trade license can be provided
No corporate taxes, no income taxes
This type of entity is applicable for professional, service activities and consultancy. Setting up such type of a company is the best way a foreign investor can get 100% ownership in a UAE company registered outside Free Zones.
The features of such company type include:
Do not require any form of local ownership
100% foreign ownership
No requirement for minimum capital
The UAE National will act as an agent with 0% ownership.
Set up through a national service agent
One shareholder only
No corporate taxes, no income taxes
Civil company is a company owned by 100% foreign ownership with up to 3 shareholders and local service agent. This is applicable for professional and service activities/license.
Local service agent owns 0% of business shares and profit, whereas foreign partner or a company owns 100% of business shares
Local service agent main task is to perform a role of a signatory for fulfillment of all government related tasks
Local service agent has no administrative powers and is only entitled to annual payment for government services
Local service agent can be a professional, a UAE Government employee or a company owned by a UAE National
For certain activities professional qualification of local service agent is required
Business Lex Group will assist you and guide you through a hassle-free process faster than you could imagine. We take care from filling up the application forms, submission and collections of payments and required documents on your behalf, up to obtaining your UAE residence visas and opening a bank account.
WHICH BUSINESS ENTITY?
UAE mainland consists of all business entities which are directly registered under each emirate’s government and its authorities without the limitation of commercialized geographical areas.
THE ROLE OF DUBAI ECONOMIC DEPARTMENT
The mainland company set-ups are directly registered with department of economic and development and represent the government policies with its legal structure towards its most developed economy.
EASY START A COMPANY
While millions of companies have already started their successful operations, for many UAE remains a dream destination. That can easily become the reality. It is considerably easy to start a mainland company in UAE.
If you want to register a Mainland company in Dubai or any other Emirate, let Business Lex Group guide you in choosing the most effective corporate structure for your company. We can help you to register your business along with providing support for obtaining UAE Residence Visa and Corporate Bank Account opening.
WHAT IS MAINLAND
A Mainland company is a company registered in one of UAE DED (Department of Economic Development). This means that if you choose to conduct business in UAE Mainland, you will need to register business entity with the DED, which will then provide you a business license to start doing business in UAE.
Mainland company can practice any industrial, commercial, trading, professional or tourism activity. Some professional activities are excluded as per DED’s business regulations and other require approvals of authorities that regulate these activities.
Foreign investors may start their business in partnership where 51% ownership of the company belonging to UAE nationals or choose a Sole Establishment company formation to own 100% of shares. However, it should be noted that some business activities are reserved for UAE nationals only.
Shareholders must fulfill the formation documents and processes, which is included the appointment of a manager by the Memorandum of Association (MOA) or Service Agreement, for a limited or an unlimited period of time. Mainland must appoint a minimum of one manager and up to a maximum of five managers for the business.
ADVANTAGES OF A MAINLAND COMPANY IN UAE
100% repatriation of the capital