If you are an outsider and would like to setup a business and or a company in Dubai you have to have a local sponsor or a service agent. Sponsor in United Arab Emirates are very important. You must have a sponsor even if you are visiting Dubai. A sponsor is a person or the company who take your responsibility in front of authorities to bring you in the country for the purpose of visit, employment, job or business.
As per law in United Arab Emirates when you are setting up your company in mainland you are required to have a local resident, a UAE national as your sponsor and he/she should hold the 51% of your business. Sponsor does not involve in company’s administration mostly and is agreed upon yearly charges according to the contract. There are some case where you can do side agreements with the local sponsor but those contracts would not be admissible in court should you ever have to go to the court for any settlement. The investor or the expat holds 49% of the shares but profits and loss can be divided regardless of the percentage of shares. Expat can have the power of attorney and work independently without being interfered in organizational matters.
This doesn’t apply to the companies and foreign businesses in free zone. In free zone the free zone acts as your local sponsor and does not own anything in your company. Free Zone Company can be fully owned by the investor.
A sponsor can be anyone, it can be a person or it can be UAE own company. Sponsorship in UAE can be divided up to three types.
This type of sponsorship works when a UAE own company holds the 51% of share of a foreign group or a company.
So whenever you are required any approvals for your business license or issuing with the visa, Dubai local sponsor should act as a role and will be a silent partner when you are looking for business setup. UAE21 is your one and only business partner providing you reliable local sponsorship options to all the clients who needs. We are giving flexible options for the some business activities by owning 100% ownership and the local will be act as local service agent(LSA) in to the license.
The sponsorship fees should be paid to the sponsor on a yearly basis with a side contract too without interfere with any of the shares. Whenever you required the services, he will act as your silent partner in your company. Still confused to get the local sponsorship options in UAE? Just contact us for more information about our Local Sponsor on +971 4 3960 997 / +97156 1000 111 / +56 5265 473 or Write to us about which type of business activity are you looking for at info@UAE-21.com.
Our vision is to be the trusted and first choice business advisory firm by providing unique and cost-effective business solutions.
Our mission is to provide the excellent business solutions that enable our client to meet their business goals more effectively and timely
Trust is the confidence in the integrity and reliability of an organization. We believe that TRUST is a basic essential to create the long term relationship .
We are offering additional services which help you to setup your business completely on every steps
Choosing which type of bank account to open and which UAE bank to choose. Our experts will help you out and we will find the best solution which will suit your business needs.
We provide business consulting to help you ensure that your business venture in UAE turns into a profitable.
Need more attracting new employees to boost your business, but high employment cost turns you down? Don’t hold your business needs.
United Arab Emirates encourages foreign investors to come to the Emirates. However, choosing this country as a base for their business cannot obtain any permit that would allow to stay in the country for a lifelong period of time.
If you haven’t registered your business or open a new VAT account under the latest VAT law observed in the United Arab Emirates, it’s high time you should consider its importance.
If you need to take care of taxes and VAT returns to avoid penalties and other consequences. Wouldn’t it be nice to have an expert by your side for essential tax consultancy and return filing support?
If you are looking to Outsource PRO Services in Dubai, UAE and for assisting all PRO and Government related works. Get in touch with us
Attestation & Arabic Translation for all types of certificates
We provide full assistance to make it easy for investors to start their business in Dubai Mainland, Freezone or any region in UAE.
IMPRINT
UAE21 Businessmen Services | Business Consultant | Ground Floor, Reem Building 4, Street 8b Oud Metha, Dubai, United Arab Emirates.
Phone: +971 4-3973153 | Email: info@uae-21.com | Privacy Policy
