Local vs Corporate Sponsor for your LLC Business Setup in Dubai
Historically the legislation in Gulf States has only allowed partial ownership to expat businessmen. The tide is now turning and a number of Gulf States are enacting legislation allowing 100% ownership to expats.
While the debate is raging in all Gulf States and there is a clear will to remove the sponsorship system, the wheels of legal system turn rather slowly. The business opportunities however are abundant and cannot wait for the change in the sponsorship system.
We can assist you to capture these current opportunities by introducing you to silent, dormant, trust worthy partners. These can be Local Sponsors in Dubai or Corporate Sponsor. We have a stringent wetting procedure to assess the suitability of nationals as local partners. We only recommend credible individuals as local sponsors in Dubai who have a well established track record of non interference and unequivocally commitment to support the businesses of our expat clients.
If you are considering sponsorship for your new business or are not satisfied with your current sponsor, we can advise you how to navigate the maze. For confidential advice please call our specialist consultants.
Type of Sponsors for your LLC Business Setup in Dubai
Local Sponsor for your Mainland Business Setup
If you are setting up your business in Dubai for the first time, it is advised to contact a reliable business setup consultant who has access to find you trustworthy Local Sponsors or Local Partners for your mainland business setup.
The Local Sponsor is an Emirati National and individual shareholder of 51% stakes in your mainland business setup.
With an exclusive POA(power of attorney) from these local sponsors and with full company management powers , we as a business setup consultant give you complete peace of mind and trust.
Full operational powers will be provided to you as the expat shareholder or your representative who is normally appointed as the Manager in the company. the same will be mentioned in the Memorandum of Association.
Corporate Sponsor for your Mainland Business Setup
A Corporate Sponsor for your mainland company formation in Dubai is a legal business entity which is fully owned by UAE national(s) . Unlike the local sponsor in Dubai , a corporate sponsor is an Emirati owned business or company. You can retain the power to manage the business and 100%financial benefits can be routed to you.
The Corporate Sponsorship for a Mainland Business Setup in Dubai is often more preferred since the management of the corporate firm is available at any point in time. The operations of the newly proposed company won’t be hindered even at the death of the UAE national since the 51% shares are held by a company and not an individual.
This gives business owners a higher sense of financial freedom and security.