A mainland company is an onshore company licensed by the Department of Economic Development (DED) of the related emirate which is allowed to do business in the local market as well as outside UAE without any restriction. When it comes to company formation in Dubai, Mainland is the most popular and pragmatic choice as it has the maximum benefits that the country has to offer in setting up businesses. However, there are certain regulations that one has to follow in the process, one of them being – One UAE national has to mandatorily hold at least 51% of the total equity in any commercial company, except in the following cases:
The type of license will determine if one needs a local partner(Commercial and Industrial license) or a Local Service Agent(Professional License), Professional license is required when an individual or a group individuals provide their expert service, and the business is 100% owned by the expatriate. The local Service agent act as representatives in administrative dealings with government departments. The local service agent does not hold a stake in the business and is instead paid an annual fee for their service.
Companies involved in any sort of commercial trade activity can avail this license, both general and specialized traders need to obtain the license to carry out business operations safely throughout Dubai. Under this license 51% of shares are owned by a UAE national and 49% by the expat owner.
In professional license, 100% shares is owned by expat partner and a UAE national is appointed as a Local Service Agent. The license is acquired for non-physical services like consultancy.
The industrial license in Dubai is issued for those companies that transform natural material or natural resources into other final products and or is into any other type of manufacturing activities. Under this license 51% of shares are owned by a UAE national and 49% by the expat owner.
Dubai provides 3 main types of license namely: Travel agency license as an operator of inbound tourism, Travel agency license as an operator of outbound tourism and Travel agency license as a travel agent.
As a specialist in the business, Al Arabiya Businessmen Services can assist you with making the company formation process increasingly simpler. We explore and evaluate your possibility in the regularly developing market through our financially savvy arrangements.
Al Arabiya Businessmen Services helps you in :
Our goal is to manage the entire pro services requirement of our clients. Whilst ensuring full compliance, information, and transparency on all pro services provided.
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There are many benefits of opening a company under Free zones. Like you get 100% ownership and many more. We can assist you in setting up a free zone company under below options
Ras Al Khaimah
Umm Al Quwain