N R Doshi and Partners has served many individuals and entities with its mainland company formation service in Dubai. We are the best in business to help you setup your business in Dubai mainland.
A mainland company is indeed an onshore company licensed by the Department of Economic Development (DED) of the concerned emirate, which is permitted to do business in the local market as well as outside UAE without any restrictions.
There are mainly three types of company formations in Dubai- Mainland Company Formation, Offshore Company Formation, as well as Free Zone Company Formation. A large number of entrepreneurs have gone for the LLC company Formation in Dubai for their businesses as it has potential benefits and very few risks associated. LLC Company is the standard type of Mainland Company formation in the UAE. You can also form a Free Zone Company (FZC), which is a limited liability company.
There are various advantages of a mainland company formation, whether you talk about the business environment, facilities, resource availability, types of activities you can carry out, or taxes. The companies we have served belong to different sectors for eexample jewellry, energy, hospitality, retail, wholesale, etc.
Those companies began their respective journeys with us. Now, many of them have earned reputed names in the UAE as well as in the international market. We are well aware of the law, consumers, and benefits of Dubai mainland company formation for different businesses. Therefore, you will be provided with the best advice for business setup in UAE.
Why Setup a Mainland Company
Whether you choose mainland company formation in Dubai, mainland company formation in Abu Dhabi, or any of the emirates, we will give you the best consultation. There are several reasons why one should setup a company in mainland UAE.
Unlike free zone company formation, you don’t have restrictions on the number of employment visas when you setup a mainland company. You can arrange visas for your employees after completion of your mainland company registration.
Whether you start your Dubai mainland company or a company anywhere in the mainland UAE, we suggest you the best locations. The locations we suggest will be according to your industry, business plan, and office requirements. You are not bound to start your office at a particular location. You are free to choose one anywhere in the UAE, excluding the UAE free zones.
There is no minimum or maximum office space when you opt for Dubai mainland company setup. N R Doshi and Partners will work to get the best place for your office with the space you require.
As your company will be allowed to interact with the UAE market, you will easily be able to reach them out. As we thoroughly know the UAE market, we will suggest you the best ways to get started. We will recommend the company structure as per the level of interaction you require.
Whether you choose to conduct a business setup in Dubai or Abu Dhabi, there is no need to limit your approach to these emirates. We will help you to open branches in all the seven emirates or particular emirates depending upon the requirement. This will ease your market reach in the mainland UAE.
It is certainly possible to take the entire capital and earning back to your country. There could be a restriction on some of the activities. However, in most cases, 100% repatriation of capital and profit is possible.
You don’t need to pay any corporate taxes for owning as well as running a company in the mainland UAE. Further, there is no need to pay personal income tax.
We make sure your company’s legal structure allows you to pitch for the government as well as private projects. Such an option is not available in free zone companies. It provides you with the opportunity to get engaged with a wide range of activities.
How to Setup Mainland Company
To provide you with the best recommendations regarding your company, it is necessary to understand your business goals as well as business activities you want to undertake. Therefore, the first task we undertake is to discuss what exactly you expect by setting up a company in the UAE. Further, as a part of this task, we go through your business activities and put them under a specific category: commercial, professional, or industrial.
According to the goals of the company, we decide which would be the best legal structure for your business. There are multiple business structures which are:
- Limited Liability Company (LLC Company)
- Professional firms (Civil Companies)
- Branch office of foreign companies
- Branch office of a Free Zone Company
All the mainland company formation types have different features catering to different company objectives. As we have come across different businesses, we know how to fit in your goals under one of the categories.
You need to submit the official name of the company to the Department of Economic Development. It is required to provide three names with the preference. In the case where the 1st preferred name is already used, the 2nd one is considered, and so on. However, there are certain strict guidelines and rules for trade name selection.
N R Doshi and Partners are aware of those guidelines and remain updated whenever there is an amendment. We will definitely be useful with the selection of the name. Many of the times, guidance helps a lot to get trade name approval in the first attempt itself.
Along with the trade name, you need to give details of the business activities to the Department of Economic Development. The initial approval is to provide you with the assurance that you can conduct business in the UAE.
To move further, it is necessary to have a business premise and tenancy contract. You can get the tenancy contract by leasing a property as per your requirement at any location in the UAE. We will help you in selecting the best cost-effective premises for your business. Our target would be to find out such a location that can serve all your needs with minimal expenditure.
After you get the tenancy contract, prepare a Memorandum of Association (MOA), Articles of Association (AOA). With a local sponsor, the company owner needs to sign a Local Sponsor Agreement.
For finding a trustworthy local sponsor, you can rely on N R Doshi and Partners, who have been working with the UAE locals for the last three decades. A local sponsor is usually required while setting up LLC in UAE. We need to submit both of the documents to DED Dubai for approval.
There are some of the business activities which require approval from different authorities. We assist you in preparing particular documents for those approvals. Further, we make the submission on your behalf and keep track of approval.
After the submission, you will need to make the payment for your mainland company formation license. After making the required payment as per the number of your business activities, you will receive your business license in a week, and company registration will be completed
Though the major steps of mainland company formation are complete, a small but essential task is still pending. You need to register with the Chamber of Commerce and Industry, after which the government will issue a Certificate of Registration.
Mainland Company Formation
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Documents needed to setup Mainland Company
There are different document requirements for a mainland company formation based on your business’s legal structure.
- One needs to submit the passport copies of expatriate directors, managers, and shareholders.
- It is necessary for the employer to provide the employee with no objection certification if he is on an employment visa in the UAE.
- During the mainland company formation, you need to submit a copy of the national ID card of the local sponsor.
- An exact copy of MOA legalized by the UAE embassy.
- Board resolution for setting up a power of attorney, notarized and legalized by the UAE embassy.
For professional firms owing professional license, one needs to provide these documents additionally during the mainland company formation:
- Notarized CV and educational qualification degree.
- The above-mentioned documents must also be legalized by the UAE Ministry of Foreign Affairs.
Mainland Company Formation
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Why N R Doshi and Partners?
N R Doshi and Partners is setting up a business in various sectors for more than thirty years. This experience has made us proficient in providing mainland company formation service. We know exactly how a company will get benefitted from different legal structures.
We take care of every company formation step with high-priority for delivering the best to our clients when they get started. We have seen the nature of amendments in the mainland company formation rules and regulations. We remain updated and keep our clients updated as well. Whenever a change is made, we strive to align the companies as per the amendment.
In addition to the mainland company formation service, we also provide a free zone company formation service and offshore company formation service. You can also take the benefit of our services even after the company setup is completed. We can help you out with your accounting, auditing, and VAT related requirements.
- A company’s strength lies in its team. We own a team of professional company formation specialists who have undertaken the company formation tasks having exclusive business activities.
- We are well aware of the laws and regulations. Therefore, you will have no compliance-related issue while we set up your company.
- We are a reputed firm in the UAE, and we provide you with trustworthy services
FAQs : Mainland Company Formation
What are the benefits of forming a mainland company in UAE?
A mainland company setup in UAE is advantageous to businesses as they can do business globally and enjoy maximum freedom in the way they want to do their business. Further, you can acquire office space anywhere in the mainland as you are not geographically limited. A free zone company has a compulsion to do business inside the free zone and have limited flexibility.
What is the corporate tax rate applicable to mainland companies in UAE?
There is no corporate tax applicable to a mainland company in UAE. However, branches of foreign banks, gas, and petrochemical companies are supposed to pay tax.
Can a UAE mainland company buy commercial property?
Yes, a UAE mainland company can buy both residential as well as commercial property in the UAE.
Can my local partner have a say in my business decisions?
No, if you have drafted documents as well as structured the company in the right way. Our professionals ensure that your business interests stay protected, and also we offer you the right advice on the structuring of your company so that you don’t get into trouble.
Is it possible to get 100% company ownership?
Yes, there are specific business structures in the UAE which will allow you to have complete ownership.
Can N R Doshi help me to get a residency visa in the UAE?
Yes, we can help you to get three years of residency visa through the company formation, which will also have a renewal option.
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