Local Sponsor in Dubai,UAE
UAE Local Sponsors are required to set up a limited liability company (LLC) in the mainland of Dubai, UAE. For an LLC company in the UAE, a UAE national must act as the sponsor with a minimum shareholding of 51 %. The rest, 49 %, can be held by foreign investors. The LLC appoints a UAE national sponsor on a yearly contract basis by paying a sponsorship fee.
UAE LOCAL SPONSOR
Everything you need to know about UAE Local Sponsor:
Foreign nationals wishing to start a business in the UAE mainland still need to have a sponsor – it is not possible otherwise. However, there are many industries in which 100% foreign ownership of an entity is permitted. This can be granted by law or through individual permissions. Even where 100% foreign ownership is allowed, it can be denied if the business subject is considered sensitive and there is no law stating that such type of businesses can be registered by non-GCC people.
First and foremost, you must be aware of the law in your area that regulates the sponsorship process. Next, research the best local sponsor, find out what they can do for you, and then start running all of your options past them to see how they compare. Finally, make sure that the agreement you put together with your sponsor is going to benefit both parties and be long-term
Why Do you need a UAE Local Sponsor for your Business?
The local UAE national will assist and liaison with Government departments to obtain approvals for business licenses, employee visas, and other administrative services. They have no role in the day-to-day business operations, which are looked after by the foreign partner. Local sponsors can be of two types. They can be individuals of UAE nationality or corporate entities owned by UAE nationals. If you’re interested in doing business in the UAE, you may be wondering whether you can set up a shop on your own. The answer is no. In order to do business, you need a local sponsor. With a local sponsor, you will have access to the local market, protected international trade agreements, and the ultimate peace of mind that comes with making sure everything goes smoothly when opening your business in the UAE.A local sponsor acts as a silent partner, allowing you to get started with your business and start generating revenue straight away. The process involves having a 51% stake in your business held by a local sponsor, who is a UAE national or international company. This is the only option for 100% foreign-owned companies, which must have access to local funding and expertise
