The UAE is a major trade hub in the Middle East and ranks among the safest countries in the world. Its business-friendly environment, tax advantages, and strong banking infrastructure make the UAE mainland an ideal destination for entrepreneurs to establish a company and open a corporate bank account.
On the UAE mainland, the Limited Liability Company (LLC) is the most commonly chosen business structure. Recent Cabinet decisions have removed the requirement for a local sponsor in selected commercial activities and industry sectors, allowing foreign investors to own 100% of mainland companies in specific industries. As a result, investors can now establish an LLC without the involvement of a local partner.
All entities conducting commercial, financial, industrial, agricultural, real estate, or other economic activities on the mainland are governed by the amendments to Federal Law No. 2 of 2015 on Commercial Companies and its amendment, Federal Law No. 26 of 2020.
Furthermore, the UAE Cabinet has introduced specific capital requirements and conditions for expatriates seeking 100% ownership of mainland companies. Depending on the chosen industry and business activity, the minimum share capital required to obtain full ownership of an onshore company typically ranges from approximately AED 2 million to AED 100 million.
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If you are planning to start a business in Dubai, obtaining a trade license is a mandatory requirement. A trade license not only ensures legal compliance but also provides numerous benefits that can help your business grow and succeed.
Dubai offers significant opportunities for financial professionals seeking a platform to expand their business. Mainland company formation provides an ideal option for establishing a branch office, enabling seamless growth and market access. Learn more about branch office consolidation and expansion opportunities.
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