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Mainland Company Formation
A mainland license, also known as an onshore license, enables investors and business owners to conduct commercial activities throughout the UAE as well as internationally, without geographical restrictions. In Dubai, these licenses are issued and regulated by the Department of Economy and Tourism (DET), formerly known as the Department of Economic Development (DED).
Following the amendments to the UAE Commercial Companies Law in 2021, foreign investors can generally establish mainland companies in Dubai with 100% foreign ownership, subject to the applicable business activity and regulatory requirements.
For certain business activities, however, the appointment of a Local Service Agent (LSA) may still be required. Whether an LSA is necessary depends on the nature and licensing requirements of the specific activity.
A Local Service Agent does not hold any ownership or equity interest in the company. Instead, where required, the agent acts as the company’s representative for specified administrative and government-related matters, while ownership and control remain with the foreign investor(s).
Benefits of Setting Up a Mainland Company in Dubai, UAE
100% foreign ownership
Foreign investors can generally own 100% of a mainland company, subject to the applicable activity and regulatory requirements.
Access to the UAE market
A mainland company can conduct business with customers, clients, and other businesses throughout the UAE, subject to the relevant licensing requirements.
International business opportunities
Mainland companies can engage in international business activities, subject to the laws and regulations applicable in the countries where they operate.
Government tenders and contracts
Mainland companies may be eligible to participate in government tenders, projects, and commercial bids, subject to the specific requirements of each tender or authority.
International holding structure
A mainland company can establish branches or expand its operations within the UAE and, where permitted, internationally.
Repatriation of profits:
Investors can generally repatriate their profits and capital from the UAE, subject to applicable laws, banking procedures, and contractual obligations.
Residence visas
Eligible investors and shareholders may apply for UAE residence visas, subject to the applicable immigration requirements.
Tax residency benefits
A UAE company may be eligible to apply for a Tax Residency Certificate, provided the relevant conditions and requirements are satisfied.
Banking facilities
Mainland companies may open corporate bank accounts, including multi-currency accounts, subject to the bank’s compliance and account-opening requirements.
Our Approach
At ASCENDRA, we are committed to helping investors and businesses establish and expand their presence in the UAE with practical, end-to-end support. Our team assists clients in navigating the market-entry process and identifying the most suitable strategies for establishing and growing their business.
From business activity selection and license acquisition to office requirements, corporate bank account opening, and ongoing compliance support, our experienced professionals provide guidance throughout the setup and operational journey.
Our objective is to make the UAE business setup process straightforward and efficient while helping clients take advantage of the opportunities available in the UAE market.