Company Formation in UAE – Mainland Company in UAE
Mainland company formation in UAE is optimal for entrepreneurs and investors looking for a long-term presence in the UAE. Such entity has no geographical restrictions on doing business. It is relevant both for activities within the country and outside of it, it also benefits from the support of local authorities. The entity is positively perceived by financial and credit structures. Reaffirms entitys’ loyalty from local and global regulators. The entity is determined by the current legislation and has no analogues in other countries. Based on the type of activity, typical varieties of entities are provided.
For each type, local legislation imposes specific requirements. Furthermore, all local structures must meet the following conditions:
Having an office. A mandatory requirement within the Ejari/Estidama registration system. The lease of the office is registered for a year, then it should be prolonged. Mainland company formation in UAE can’t be done without an office.
A local partner as a shareholder of a mainland company in the UAE. A commercial or manufacturing company requires a presence of a local partner with a share of at least 51%. If the nominal participation option is used, this does not create risks for foreign business.
If a professional company in a mainland of the UAE is created, then a local shareholder is not required, but a local agent will be needed to represent corporate interests in government authorities.
Licensing. Organization of any business in the Emirates involves obtaining a license file. It is considered the main corporate document. By analogy with a lease, it is given for 1 year. Further, there will be a renewal.
Management. A general manager is must have. There may be several directors. Powers and rights are reflected in the Article of Association. In order to hire staff, the company receives quotas from the Ministry of Labor.
A Mainland Company in the UAE is Suitable for a Wide Range of Business Activities
Some activities can only be carried out if you have a mainland company in the UAE. This list includes:
Trading within the UAE. Realization of all imported product categories in the local market. Relevant for both wholesale and retail sale;
Manufacturing within the UAE. Applies to all industries;
Construction in the UAE. Direct construction of buildings and other objects, as well as any engineering work;
Real estate in the UAE. Concerns complex development, maintenance of facilities and service agencies;
Innovative technologies in the UAE. List of innovations in the segment of IT, bio- and IoT-technologies, cybersecurity, alternative energy;
Financial services in the UAE. All specialized structures, including credit and financial, investment and insurance services, as well as leasing;
Transport and logistics business in the UAE. Rent, transport and logistics service, processing and current storage of commodity cargoes;
Hospitality segment in the UAE. Hotel business;
Public catering. All variations of the restaurant business, as well as catering services;
This is only a small part of the activities that require a mainland company in the UAE. For a complete list, please contact our specialists.
Mainland Company in the UAE and Opportunities
The incorporation of a mainland company allows you to count on a privileged status in business activities in the local market, in neighboring countries, as well as in the global market. Respectable jurisdiction simplifies negotiation processes with key counterparties. The loyalty of the financial and banking structures was confirmed.
In general, the following benefits are relevant:
Building structural holdings. Organizational consolidation. Optimization of financial flows, operating activities and tax burden. Construction of a settlement and cash base;
Ownership of real estate. Legitimate purchase and re-registration of assets within the state and in other countries. Optimization of profile transactions. Confidentiality of personal data of the owner;
Mainland companies in the UAE have no audit requirements;
Income tax – 0% and 100% free capital repatriation.
Our Services in the UAE Since 2008
Analysis and preparation of the optimal business model. We determine the required type of legal entity and the selection of the current license prior to company formation in UAE;
Company formation in UAE. We guarantee efficiency due to the extensive experience of cooperation with relevant authorities;
Our specialists, if necessary, will provide you with a local partner or shareholder and help you in preparation of the waiver of real rights in the Dubai judicial authority to make your company formation in UAE mainland possible;
Private Financial Services will provide support in finding and renting a physical office;
Support with opening current accounts in the UAE and outside the UAE;
Support in financial reporting;
Assistance in obtaining a UAE resident visa and tax residency;
Assistance in translation and legalization of documents;
We accompany in all government agencies and provide support on all other issues in the UAE.