Mainland Company Formation
UAE, with its strategic location as a business hub in the middle eastern region has become one of the most pursued locations for investors. Along with its easy location access and the low tax benefits, its tactically considered to be the appropriate launchpad for budding entrepreneurs too.
To set up a business in UAE, with no limitation in potential reach across UAE, mainland business license is the most feasible one. With the amendment in the laws of company formation in recent times, and with the 100% ownership to a foreign investor, Mainland Business setup has been the most sought-after license for the majority investors. Â
Advantages:
- Unlimited employee visas can be obtained
- Flexibility of conducting business in the in the local as well as international market
- Eligibility to cater their services to government as well as local clients from anywhere in UAE
- Liberty to rent an office space anywhere in UAE
- Option to establish multiple branches in UAE
- Easy access to open a business account in banks
- Broader scope of business activities to choose from
Setting up Mainland business in UAE
The approval from the Department of Economic Development (DED) of the corresponding emirate is a crucial part in starting your Mainland Business in UAE.
- Choose the right activities for your business
- Determine your legal structure based on your activity
- Choose a local sponsor or Local service Agent based on your business activity
- Decide on the Company name in accordance with activity and the naming regulations stated by the authorities
- Submit all the necessary documentations of share holder and your business activity for approval to the concerned authorities
- On approval pay the License fee
- Get your License Apply for Visa, open a corporate bank account
- Start your business in UAE
An expert agency like FirstStepâs guidance will add as boon to process the documentations in a right way to prevent any setbacks or distortion of your business activities in your trade license or your business setup in Mainland. Right from choosing your business activity, finding a local sponsor or LSA to getting the documentation done at the right time to issue your trade license, to applying visas, opening a bank account, FirstStep can take you through, effortlessly without any obstacles.