A Mainland Company in UAE allows you the freedom to start and operate your business freely across the UAE and internationally.
Opening a company on the UAE mainland (onshore), an Emirati sponsor or a local service agent used to be mandatory for most cases until just recently. However, this has been changed and even mainland companies now can be owned 100% by foreign shareholders. The company formation in Dubai mainland does not require a minimum capital to start with.
The main benefits of establishing an onshore company include:
• Choose premises in any area of Dubai
• Operate within a wide range of business activities
• Trade anywhere inside or outside the UAE
COSTS OF SETTING UP IN DUBAI
- A nominal fee issued by the Department of Economic Development (DED) allows entrepreneurs to be initially operative for six months. This is a one-time expense, allowing entrepreneurs to start their business while completing their documents.
- Trade name fees, for the name a business is run under. Depending on the selected name, the costs may vary. The costs of registering a trading name include i) reservation fees, ii) commercial name fees, iii) foreign company name fees, etc.
- Renting a physical office, which is mandatory for operating business onshore in Dubai.
- DED Fees, which include annual charges depending on the type of business, and a one-time LLC registration fee plus a Mainland trade license fee. The license costs vary from business to business, and in some cases, even a deposit is requested by DED.
- Commercial License Fee, should be paid annually for engaging in commercial activities.
- Dubai Chamber of Commerce Fees, which is another fee that should be covered annually. The fees vary based on the business activities run under an LLC.
- Commercial Services Improvement Fees, which should be paid annually.
- Administrative Services Fee, this fee is a one-time expense issued for all the paperwork and documentation carried out by DED.
- Attestation of Memorandum of Association (MoA), which is signed between the LLC shareholders, and its cost depends on the share capital mainly.
- Drafting the LLC contract, which should be available both in Arabic and English.
Based on the business activities, there may be some additional fees:
- General trading company formation, which is a one-time fee.
- Contracting license, which is another one-time fee.
- Charges the real state brokers company receive, issued by the Economic Department.
- Government charges, including 5% of office rent and 20% of warehousing.
Onshore/Mainland Prices starting from AED 25,000
Average business setup timeframe 3-4 weeks