What Is A Mainland Company In UAE?
Mainland companies are companies registered with the Department of Economic Development (DED) in the United Arab Emirates. Mainland companies enjoy a lot of advantages that make them a favorable investment choice for many investors and ambitious startups wishing to grow their businesses and expand their work sectors.
Setting up a mainland business in UAE allows you to do business across Dubai and the United Arab Emirates in addition to the GCC countries. The formation of a mainland company also allows you to expand your business by opening new branches, hiring more employees, taking part in tenders, government projects and many other benefits.
Sole proprietorships, civil companies, limited liability companies LLC, representative offices of foreign companies, branches of free zone companies and branches of companies based in the UAE are the types of business companies that can be registered in mainland Dubai. Limited liability companies (LLC) are the most common in the local market of the United Arab Emirates.
Limited Liability Company Setup in UAE
Limited Liability Company (LLC) is the standard form of company in the UAE mainland and the most common. LLC licenses are issued by the Department of Economic Development (DED), which is the government body authorized for license issuance for mainland company registration and activities regulation.
Although the new UAE Commercial Companies Law allows setting up an LLC company in Dubai with one shareholder, it is common for these companies to be formed with a minimum of 2 shareholders. Since this type of company setup requires foreign investors to have a local partner with 51 per cent of the company’s shares for specific activities, it’s usually formed with a minimum of 2 shareholders. While the maximum number of shareholders allowed for an LLC company is 50.
Advantages Of Setting Up An LLC Company In UAE
- The limited liability company allows business owners to carry out their business activities anywhere within the United Arab Emirates and the GCC countries without any restrictions or location limitations
- There is no restriction on owning or leasing properties
- There are no limitations on the number of visas that can be obtained under an LLC
- There is no minimum capital requirement
Set Up An LLC In UAE
The first step of setting up your company in Dubai is to choose the activity that matches your company’s business the most from the activities presented by the Department of Economic Development. Whether it is commercial, industrial, professional or craftsmanship. You can choose the activity of your company from more than 2000 options of commercial activities offered by the Department of Economic Development.
Limited Liability Companies (LLC) require a partner who is a citizen of the United Arab Emirates or one of the GCC countries depending on the activity of your company, as some activities do not require a partner but only a service agent. Foreign and professional companies require the appointment of a service agent.