Mainland Company in UAE
United Arab Emirates is a prominent trade hub of the world. Being a tax haven, with a strong network of Banks, businessman find UAE mainland as an ideal location to setup their company. Mainland Company Formation in UAE will allow investors to conduct business within the UAE region.
The Limited Liability Company (LLC) is a popular company structure in the Mainland of UAE. There is 100% ownership for foreigners in a mainland company. Hence, there are several business benefits for foreigners in setting up an LLC Company in the UAE Mainland.
Apart from few strategic business activities such as Banking, Energy Sector, etc, there are more than 3000+ business activities in the UAE Mainland for the foreign investors to conduct business.
There are several types of company structures in the mainland of UAE. The LLC Company and Professional Company ( Services License with Single Shareholder or more) are the most common company structures in the UAE Mainland.
Investors can choose them by assessing the company requirements and business objectives. Expert Business Consultants at AURION will guide you through various available Company Structures in the Mainland of UAE and choose the right option for your business.
Furthermore, starting a branch of a GCC Company in Dubai is beneficial for the GCC residents and nationalities. For a GCC Company to open a branch in the UAE, the best choice is to open on the mainland.
The process of opening a branch office in UAE is similar to every new company opening. However, there are few additional documentation and attestation of parent company documents required.
How to Setup an LLC Company in the UAE Mainland?
The LLC Company in UAE Mainland can be setup by following the steps below. Setting up an LLC Company follows a series of steps. The investor will be able to obtain their Trade License and start operating their business without any hassle.
Following are the steps involved in the setting up of a UAE Mainland Company:
- Choose the business activity and company name (3 Names for approval)
- Prepare the application form with the assistance of expert business consultants.
- Submit the Shareholder details (photograph, local/home country address, visa details if any, passport copy) and get the name approval for the new company.
- Get the physical office for the company as per requirement (some business activities can be started with virtual office for the first year). Get the tenancy contract in place.
- Prepare the company documents – Shareholder Certificate, Memorandum of , Articles of Association for the investors to duly fill and submit for approval and attestation from the Ministry of Economy, UAE.
- Submit all the required documents, tenancy contract, name approval forms to the respective Economic Development Authority and make the Trade License Fee payment.
The Trade License will act as the legal document for conducting trade by the newly formed LLC Company in the Mainland of UAE. They can conduct local and international trade or render services as per their activities specified in the Trade License without any hassle.
Cost of an LLC Company Setup in the UAE Mainland
Depending on the Emirate the LLC Company is setup and activity type, the cost will vary significantly. The License cost of an LLC Company in Dubai ranges from AED 18,000 to AED 29,000 approx. The cost is exclusive of the office rent and other overhead expenses.
The cost of an LLC Company Setup in UAE mainland includes many components such as the company registration fee, trade license fee, name approval fee, Ejari/ Lease contract fee (depending on size of office and location), and Local Service Agent fee ( if applicable).
FAQs
How much time will it take to complete the registration process of an LLC Company in Mainland?
So, within 4-5 working days the process must be complete provided all documents and process are conducted the right way.
What is the Cost for Opening an LLC Company in UAE Mainland?
The cost includes registration, approval fee and licensing cost only. The office rent, other administrative fee will be add-on while calculating the total cost of opening an LLC Company in UAE.
What are the documents required for opening an LLC Company in UAE Mainland?
The company registration form must be duly filled, and the company document drafts has to be prepared as the next step. The company documents will include share certificate, Memorandum of Association, Articles of Association, etc.
After the company documents are prepared and approved, it must be notarized and attested by the Ministry of Economy. Then, shareholder details and company documents must be submitted to the Licensing authority for review.
What are the benefits for investors in opening an LLC Company in UAE Mainland?
The investor can take an office anywhere in the Emirate where the company is registered. Thus, keeping the office rent low and invest more on business operations. Also, operating in the UAE Mainland will help them grow business locally and cater to the wide market in the region more effectively at lower overhead cost.
