To kick start a conglomerate business venture in the local market & outside UAE without any restriction, here comes the opportunity for mainland company formation. The business venture registered & licensed by the department of economic development can be run with the help of a local partner & foreign partners. The local partner must have a shareholding of 51% of shares, and the foreign partner- up to 49% shares. In certain license category, a foreign partner can hold up to 100% of shares & a UAE national can be appointed as the local service agent in the company. The type of companies formed with the accreditation of the economic department are:

  • Limited Liability Company
  • Sole Proprietorship
  • Branch of a Foreign Company
  • Branch of a Free Zone Company
  • Civil Company
  • Representative Office
  • Public Shareholding Companies
  • SME/Instant License

It is mandatory to lease office space of a minimum of 200 sq. ft. to set a mainland company up. The eligibility of the visa depends on the size of the office. The advantages of setting up a Mainland Company are:

  • Wide range of business activities
  • No minimum capital requirement
  • Ease of opening bank account
  • Easy availability of office solutions
  • Robust network
  • Easy business set-up process
  • Participate in government projects
  • 100% return on capital
  • 0% corporate or personal income tax.