A ‘mainland company’ or DED license is a legal entity that can conduct business operations and transactions throughout the UAE and in other countries without restrictions. UAE Companies Law dictate that expatriate shareholders must nominate a local service agent or a local partner (sponsor) to setup a mainland company. In the case of a Limited Liability Company LLC (i.e Commercial Trading entity), the local partner must hold the majority equity share – a minimum of 51%.
A favourable and legal alternative to a local partner acting as the 51% local sponsor, is to choose a corporate nominee partner. This provides expatriate shareholders with 100% financial and operational control and stronger legal rights. The obvious benefits of corporate nominee partnership include complete control of the business operations, 100% of financial benefits, and of course stronger legal contracts aimed at protecting the interests of the business owner and respective shareholders.
The BIZ DED advisory team will provide you with transparent and concise advice on all aspects of mainland company formation covering structures, licensing and business activities. Our customer service management team provide efficient ongoing advice and support ensuring you can simply focus on the day to day operations of your business.
The UAE has established itself in the global business community as a healthy and safe offshore environment for startups and foreign companies to thrive. This is largely due to visionary leadership and proactive collaboration with Government authorities, unified in building and sustaining a post-oil economy. By providing an uncomplicated and hassle-free environment for expatriates to start and grow their business, the UAE economy will continue to grow, diversify and prosper. UAE leaders and authorities are pro-investment and pro-business thus encouraging foreign investment on a grand scale.
Dubai is the most recognisable and outstanding of the Emirates – certainly as a destination for business startups. It has lead the way in innovation, technology and infrastructure and remains the popular centre for tourism and the ideal expat lifestyle.
Like attracts like, and this constant growth, coupled with minimal red tape, low taxation, strong legal framework and relatively seamless processes is very attractive to companies the world over. The infrastructural growth evident throughout the UAE ensures no limit to resources such as warehousing, modern office space, power supply, world-class connectivity and an internationally sourced manpower base.
While this region has so many attributes favoured by foreign investors, the process of company formation can be complicated for the unwary. it is advisable to partner with a recognised entity well versed in local regulations governing offshore company formation in Dubai. From initial advice to documentation and ongoing support, the team at BIZ are here to help you set up your business quickly and seamlessly. Contact our DED team now for a complimentary consultation.