The Department of Economic Development (DED) is a government entity for issuing all licenses for corporate entities or individuals who want to start business in Dubai and outside the free zones. A “DED” licensed company is often called as a local company.
Dubai Mainland Company is also known as LLC Company in Dubai, A Limited Liability Company is the most common type of company formation in UAE. This form of the company give maximum flexibility and scope to do efficient business in Dubai. A Limited Liability Company (LLC) can be formed by a minimum of 2 shareholders and a maximum of 50 shareholders whose liability is limited to their shares in the businesses capital.
For company’s having a local license works as a best option because you can open an office anywhere in Dubai. For certain business activities, you will have no choice but to open a locally licensed company. However, unlike a free zone, you cannot own 100% of the company and will require a local sponsor (UAE National) or local service agent based on the activity that you choose.
For a Business Setup in Dubai Mainland as a LLC company, our Business Setup Consultants can assist you to ensure that you can get a Licence and visa without any hassle also in shortest period of time
Advantages of LLC Company:
- Local Trade within UAE
- Import and re-export
- Considered as a local GCC Company
- Tax benefits while dealing with other GCC Countries
- Proximity with the Developing Regions of the World (Middle East, Africa and Asia)
- Zero Income Tax and Zero Corporate Tax
- Low Capital investment
- No share capital deposit required to be shown
- 100 % repatriation of profit and Capital