The government of the UAE, in an effort to promote trade and business setup in UAE, has been working on a policy of bringing diversified business setup in Dubai and different legal business entities. The aim was to create an environment where all types of businesses from different industries could not only survive but flourish because of the favorable conditions. Moderate paper work, quick processes and moderate processing fees are part of the incentives provided to the businesses as well.
All those involved in company formation at KWS Middle East know how to maneuver the process of company formation for the company’s clients. Perfect knowledge of documents and processes allow the consultancy to make processes quicker and the company to take a flying start.
Mainland company formation in Dubai is one type of company formation that has proved to be fruitful for those who want to own a business setup in Dubai.
With the Formation of Dubai Mainland Company comes freedom for the business owners because the rules and regulations do not put too many limits on the business activities being conducted.
If you want to operate a mainland company in the UAE, the first step is to find a local sponsor. A UAE national is required to a local sponsor for your business by law; however, the local sponsor has to agree to refrain from intervention in the business and profit sharing.
If the owner has a professional license, 100% ownership can remain with the investor however, the local sponsor requirement still holds. The job of the local sponsor will be to act as a figurehead while legal agreements are drafted and business documentation is completed.
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