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.
Types of sponsors
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.
Local Service agent
Importance Of Sponsor In United Arab Emirates
- For foreigners in UAE having a sponsor is required by law
- Sponsor is required for entering in United Arab Emirates
- If you are willing to visit United Arab Emirates you need sponsor
- If you are trying to setup a business in United Arab Emirates you would need the help of local sponsor
- If you are entering United Arab Emirates for employment purpose you are required to have a sponsor.
- You need sponsor or if you are service professional as service agent who will take care of all the dealings with the local authorities
HOW WE CAN ASSIST YOU
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.
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