Mainland Company Formation in Dubai
Dubai mainland is one of the prime locations for Mainland Business Setup Dubai, following the legal structures of the UAE government policies. Dubai mainland represents the most developed economy and is rich in providing resources to carry out business activities. License of Dubai mainland is issued by Department of Economic Development, Dubai.
Radiantbiz is the best company setup consultant in Dubai & your one stop shop for Mainland Company Formation in Dubai. Our mainland services are transparent & will provide you with all the legal frameworks to protect your business and secure the financial rights of your company.
More about business Setup in Dubai Mainland
Earlier, in order to establish a mainland business setup in Dubai, one needed to find an Emirati national willing to provide them with 51 percent of their own company as an entitlement. But this law changed in June 2021, since the UAE’s Ministry of Economy changed the Commercial Companies Law (CCL), thus allowing international investors and entrepreneurs to form and fully own onshore companies, this clears the path for the emerging businesses to now fully own their Dubai mainland business setup.
This also included a number of the additional processes where the applicants had to meet a number of strict and stringent requirements to register for the foreign ownership exemptions, including considerable share capital donations, and the employment of UAE nationals.
Benefits of Mainland Company Formation in Dubai
How can i register for mainland company in dubai
Amendment of Mainland Business License in Dubai
It can be inferred that the new law will amend the Companies Law to remove the general requirement for 51 percent UAE national ownership of UAE LLCs that are established on the mainland, along with the requirement that a foreign company’s division hire a UAE national to act as their entity.
Now, anyone, regardless of nationality, can now fully own their mainland business setup in Dubai.
What are the key points to be remembered?
Here is a list of all the major changes in the latest amendment of the ownership law-
Company meetings are no longer necessary to be officiated by an Emirati; they are now open to all expatriates.
The ban on foreign nationals serving on the board of directors has been eliminated. Annual general meetings can now include electronic voting as a result of the pandemic.
Importance of 100% Foreign Ownership in Dubai Mainland
The UAE aims to put a positive spin on its already established appeal as a global market for foreign investment firms, businesses, startups from around the world by eliminating the existing obstacles and widening the economy.
These are some of the future aspects that the UAE government is trying to achieve in the coming years-
FREQUENTLY ASKED QUESTIONS
What is Mainland Company in Dubai?
Mainland companies in Dubai are also known as onshore companies, its license is issued by Department of Economic Development, Dubai. Under this license, one can sell products all over UAE & can export goods to other countries.
Is it easy to set up a business in Dubai?
The company formation process in the UAE has been designed with simplicity in mind – and is very much open to all. That said, it does take some in-depth knowledge of the region and its many customs and regulations.
How do I start company in Mainland Dubai?
If you need mainland license in Dubai, All you have to do is to contact Radiantbiz and we will help you in company formation in Mainland Dubai. And yes, Physical presence of Directors/Share holders is required in Dubai.
Why you need local sponsor in UAE?
If you want to start any business which doesn’t allow foreigners to have 100% ownership then you need local sponsor. Finalizing a local sponsor is also a big task and Radiantbiz helps client in finalizing the best local sponsor for mainland company formation in UAE.
How long will it take to obtain our license-
If your documentation gets approved and verified by the concerned authorities, you will receive you license within 2 working days.
What are the advantages of a mainland company setup in Dubai?
Flexibility to do business in any part of the UAE with local and government authorities. No limit on number of visas (depending on the size of the office space) Office premises anywhere in mainland Dubai. More options on business activities.
What are the documents required for company formation in mainland?
Passport copy of Directors/ Shareholders, Company Name & Passport size photograph of all the shareholders/Directors are required for company formation in Mainland.
Can I Own 100% ownership in Dubai mainland?
Yes, As per new amendments made to the company’s commercial law. Foreigners can now own 100% ownership in Dubai mainland.