Setting Up a Mainland Company in the UAE: A Guide for Aspiring Businesses
Setting up a mainland company in the UAE offers 100% ownership, access to local markets, and opportunities for government contracts.
The United Arab Emirates (UAE) has emerged as a prominent business hub, attracting entrepreneurs and investors worldwide. Its strategic location, robust infrastructure, and a thriving marketplace make it an ideal destination for establishing a mainland company.
A mainland company offers several advantages over other business structures in the UAE, including:
- Full Ownership and Control: Unlike free zone companies, mainland companies allow for 100% foreign ownership and complete control over business operations.
- Wider Business Scope: Mainland companies have greater flexibility in terms of business activities they can undertake compared to free zones with specific industry focuses.
- Direct Access to the UAE Market: Operating as a mainland company grants direct access to the entire UAE market, unlike free zones with restrictions on mainland trade.
Here's a roadmap for setting up a mainland company in the UAE:
- Choose a Business Activity: Clearly define the core business activities your company will engage in.
- Select a Location: The UAE consists of seven emirates, each with its own regulations and economic landscape.Choose an emirate that best aligns with your business needs.
- Select a Legal Structure: Decide on the most suitable legal structure for your company, such as a Limited Liability Company (LLC) or a Sole Proprietorship.
- Obtain a Trade Name: Reserve a unique and relevant trade name for your company that complies with UAE naming regulations.
- Company Registration: Register your company with the Department of Economic Development (DED) in your chosen emirate. This typically involves submitting necessary documents, paying registration fees, and obtaining approvals.
- Open a Corporate Bank Account: Establish a corporate bank account to manage your company's finances.
- Visas and Work Permits: Apply for visas and work permits for yourself (if applicable) and your employees.
- Ongoing Requirements: Maintain compliance with ongoing regulations, such as annual audits, tax filings (if applicable), and license renewals.
Additional Considerations:
- Local Sponsor: In some emirates, mainland companies may require a local sponsor, a UAE national who holds a certain percentage of shares in the company.
- Business License: Obtain the necessary business license(s) relevant to your industry and activities.
- PRO Services: Consider engaging a PRO (Public Relations Officer) to assist with navigating the company setup process and dealing with government authorities.
Marka Corporate Services Can Help
Marka Corporate Services can provide comprehensive assistance throughout your mainland company setup journey in the UAE. Their services may include:
- Consultation on business structures and legal requirements.
- Company registration and licensing procedures.
- Assistance with obtaining visas and work permits.
- PRO services to handle government liaison.
- Business bank account opening support.
By partnering with a company setup specialist like Marka Corporate Services, you can streamline the process, ensure compliance, and focus on launching and growing your successful business in the UAE.
Do you have any specific questions about setting up a mainland company in the UAE?
Also read: The Impact of AR and VR Technologies on the Profitability of Real Estate Companies