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A Mainland Company in the UAE is a business entity licensed by the Department of Economic Development (DED) of the relevant emirate. It allows companies to operate in the local UAE market as well as outside the UAE, with no restrictions on business activities or geographical locations within the country.
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Mainland Company in UAE comes with its own pros and cons which is very important for decision making purposes
Process
Select the business activity or activities from the list provided by the DED.
Reserve a unique trade name for your company that complies with DED naming guidelines.
Submit the initial approval application to the DED with the required documents.
Draft and notarize the Memorandum of Association with the local sponsor or service agent.
Lease office space that meets the requirements of the DED and obtain the tenancy contract.
Submit the final set of documents to the DED and pay the necessary fees for license issuance.
Collect your trade license and start operating your mainland company.
Following are the Compliances that will be required
Mainland Companies may be subject to the upcoming UAE corporate tax, depending on the tax regime implemented.
Companies with taxable supplies and imports exceeding the mandatory registration threshold must register for VAT with the Federal Tax Authority.
Mainland Companies must renew their trade license annually through the DED.
Mainland Companies may be required to submit audited financial statements annually.
Following are the documents that will be required
Completed application form provided by the DED.
Copies of the passports of shareholders and directors.
Utility bills or bank statements showing the address of shareholders and directors.
NOC from the current sponsor if the shareholder or director is a UAE resident.
Notarized MOA outlining the shareholding structure and business activities.
Lease agreement for the office space, attested by the relevant authorities.
The service package includes a comprehensive list of deliverables which includes the following.
Here is a jist of what some of our customers had to say about our services. We tend to work relentlessly to create smoother experiences for the clients.