MAINLAND COMPANY FORMATION

MAINLAND COMPANY FORMATION

set up a mainland company in the UAE.

To set up a mainland company in the UAE, one must get connected to a local agent or have a local sponsor (UAE national). In the case of a commercial company, that operates in trading and contracting it is necessary for the sponsor to own a 51% share, while the expatriate i.e. you will hold 49% of shares.

Here are some of the advantages of a mainland company –

• 1. No currency restrictions
• 2. No office location restrictions
• 3. No minimum capital requirement
• 4. 100% tax-free income
• 5. Access to clients in the UAE and free zones
• 6. Unlimited employment visas
• 7. Easy access to local/ global banks