As a result, a mainland firm is a licenced onshore corporation that is free to do business in the United Arab Emirates (UAE) and elsewhere. To begin with, having a mainland Dubai licence gives you the greatest amount of freedom and flexibility when it comes to expanding and running your business.
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Choose Dubai Mainland for your Business Setup
- Outside of Dubai’s free zones, all business permits in the mainland are issued by the Department of Economic Development (DED). “Local companies” are a common term for these businesses. Listed below are the various kinds of licenses available:
- Services such as training and management consulting are covered by a professional license. A company may require full or partial ownership, depending on its specific activities. Foreign ownership is permitted in some operations at a 49 percent stake, but not in others. Local Service Agents, whether they are individuals or corporations, are only responsible for administration in this scenario.
- Manufacturing and industrial businesses require an industrial license. As long as the industrial trade license is valid, a corporation must have a warehouse and manufacturing facilities in the country, either leased or owned.
- Licenses for commercial activity, such as trading or retail, are appropriate for firms of this type ( buying and selling of goods, import and export activities, real estate service, logistics, travel & tourism, auto vehicle rental business, etc). Per licence, a maximum of ten actions may be carried out.
Forming Companies in Dubai’s Mainland
Once you decide to relocate or develop your business to the United Arab Emirates, Dubai is the ideal location to do it, as it is the MENA commercial hub. For multinational corporations and small and medium-sized enterprises (SMEs), Dubai is the most attractive Emirate for expansion and new business ventures because of its strategic position, business-friendly environment, and lively, modern culture. One of the most popular alternatives for company formation in the country is a mainland company formation.
In the following circumstances, this is exempt:
To conduct business in Dubai and the other emirates of the United Arab Emirates, you must have an Emirati partner or agent, individual or corporate, holding at least 51% of the total stock. However, if you use a Mainland firm, you are free to operate throughout the Emirate.
Law No. 2 of 2015, the New Commercial Company Law, governs the legal entity known as a mainland company, which is registered with the Dubai Economic Department (DED) (NCCL). In some cases, you may need to get permission from other municipal or federal authorities to run your firm.
