Mainland Company Setup: Overview

Setting up a mainland company involves registering a business in the mainland of the UAE. This is the most common type of business registration in the UAE, and it is suitable for businesses that want to operate within the UAE. A mainland company in the UAE is a company that is registered with the Department of Economic Development (DED) in one of the mainland emirates.

Benefits of Setting Up a Company in Mainland UAE

There are many benefits to setting up a company in mainland UAE, including:

• Access to the local market: Mainland companies have full access to the local market, including the ability to sell products and services to UAE residents and businesses.
• Tax benefits: Mainland companies are subject to corporate tax at a rate of 5%.
• Reputation: Mainland companies are seen as more reputable than freezone or offshore companies, which can be important for businesses that want to do business with government agencies or large corporations.
• Flexibility: Mainland companies have more flexibility than freezone or offshore companies when it comes to things like ownership structure, taxation, and business activities.

Types of Businesses Available in Mainland UAE

There are many different types of businesses that can be set up in mainland UAE, including:

• Trading companies: Trading companies import and export goods and services.
• Manufacturing companies: Manufacturing companies produce goods.
• Service companies: Service companies provide services, such as accounting, legal, and consulting services.
• Real estate companies: Real estate companies buy, sell, and rent property.
• Investment companies: Investment companies invest in stocks, bonds, and other financial instruments.

Process of Establishing a Company in Mainland UAE

The process of establishing a company in mainland UAE is as follows:

1. Choose a business name.
2. Obtain a trade license from the Department of Economic Development (DED).
3. Register with the Ministry of Economy.
4. Open a bank account.
5. Obtain a tax registration number.
6. Hire employees.

Office Requirements to Set Up a Company in Mainland UAE

• Location: The location of your office is important as it will affect the cost of rent, the availability of staff, and the ease of doing business.
• Size: The size of your office will depend on the number of employees you have and the type of business you are running.
• Facilities: The facilities you need in your office will depend on the type of business you are running.
• Equipment: The equipment you need in your office will depend on the type of business you are running.

Note: The official requirements for setting up a company in mainland UAE may vary depending on the emirate where you are setting up your business.

Visa Requirements to Set Up a Company in Mainland UAE

Here are the visa requirements to set up a company in mainland UAE:

• Employment Visa: If you are a foreign national and you want to set up a company in mainland UAE, you will need to obtain an employment visa.
• Investor Visa: If you are a foreign national and you want to invest in a company in mainland UAE, you may be eligible for an investor visa.
• Freelancer Visa: If you are a foreign national and you want to work as a freelancer in mainland UAE, you may be eligible for a freelancer visa.

Note: The visa requirements for setting up a company in mainland UAE may vary depending on your nationality, the type of business you are setting up, and the size of your investment.

Starting Costs to Set up a Business in UAE

The cost of setting up a company in the UAE mainland varies depending on the type of business, the size of the company, and the location of the company. However, the following are some of the general costs involved in setting up a company in the UAE mainland:

• Company registration fees: The registration fee for a company in the UAE mainland is AED 3,000. This fee is paid to the Ministry of Economy.
• Trade license fee: The trade license fee for a company in the UAE mainland varies depending on the type of business. However, the average trade license fee is AED 10,000. This fee is paid to the Department of Economic Development (DED).
• Market fees: The market fees are paid to the government as a percentage of the office rent. The market fees for a shop are 5% of the rent, and the market fees for a warehouse are 20% of the rent.
• Legal fees: The legal fees for setting up a company in the UAE mainland vary depending on the size of the company and the complexity of the business. However, the average legal fees are AED 5,000.
• Accounting fees: The accounting fees for setting up a company in the UAE mainland vary depending on the size of the company and the complexity of the business. However, the average accounting fees are AED 2,000.
• Other costs: There may be other costs involved in setting up a company in the UAE mainland, such as the cost of hiring a business consultant, the cost of obtaining a visa for the business owner, and the cost of setting up an office.

The total cost of setting up a company in the UAE mainland can range from AED 15,000 to AED 50,000. The exact cost will depend on the type of business, the size of the company, and the location of the company.

If you are considering setting up a company in mainland UAE, it is important to factor in all of the costs involved. This will help you avoid any surprises and ensure that your business is financially sustainable.

How BizDaddy Can Help You

We are a business setup consultancy in UAE, and we can help you with every step of the process of setting up a company in mainland UAE. Contact us today to learn more about our business setup services in UAE.