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The United Arab Emirates offer two types of business operating environment for companies to conduct business activities in the country: Mainland (On-Shore) and Free (Trade) Zones. Companies incorporated in the mainland are normally established to conduct business activities within the UAE local market. One of the main characteristics of the mainland companies is that they can only be formed Legally in partnership with UAE nationals, who must act either as shareholder or as local service agent, depending on the type and activity of a company.
There are several types of commercial and professional companies that can be formed in the mainland, which normally varies depending on the nationality of shareholders, business activity and number of shareholders. However, one of the most widespread types of mainland companies in UAE is Limited Liability Company (L.L.C.). The main reason for its prevalence is that foreigner(s) can hold 49% of shares in the company, liability of the company is limited and between two (2) to fifty (50) shareholders can form an LLC. In practice, UAE nationals acts only as “sleeping partner” and do not interfere into a company’s business, while a foreign partner is given full powers to manage and operate the company.
We offer full professional assistance to establish all types of mainland companies in the UAE, including sole establishments, limited liability companies, professional companies, branch offices and representative offices,Joint Ventures between Companies and Individuals. We also assist in finding a reliable UAE national with good reputation to act as a partner or an agent for your mainland company. Moreover, based on clients requirements and objectives, we can advise them on the most cost-effective and customized business structures.
Along with company formation services or separately we can provide you a legal and specialist assistance to open corporate or personal bank accounts in many jurisdictions, including UAE, USA, CIS, Europe, Singapore and other countries.