Need a Local Sponsor in Dubai?
How to Get a Local Sponsor in UAE? The UAE ranks 16th out of 190 countries in the ‘Ease of Doing Business index, 1st in business efficiency, 2nd in government efficiency, and 7th on the economic performance index. All these conditions make UAE favorable for setting up business in Local Sponsor Dubai, UAE.
As of June 2021, foreign ownership of commercial and manufacturing licenses in the UAE is permitted.
If you want to do business in the UAE, you’ll need an Emirati sponsor. This can be either a silent partner who agrees to an annual remuneration and investor protection agreement or a service agent with 100% foreign ownership. It all depends on the type of license your company needs by law.
There are many free zones available for startups. These zones operate independently from mainland laws, and you can choose your geographical boundaries. This allows you to tailor your startup to your specific needs and interests.
The regulatory environment for LLCs is changing in 2021, with foreigners now allowed to register commercial/trading LLCs and manufacturing licenses without the need for local sponsors. However, there are still some commercial and manufacturing licenses that require local sponsors to be 51% shareholders.
How to Get a Local Sponsor in UAE?
When choosing a local sponsor, it’s important to be careful and make sure you choose the right one.
You’ll need someone with local knowledge and experience to get things done efficiently when you’re in a new place. That’s because locals usually have more power and control than newcomers. They can make decisions that affect your life while you’re living in their territory. Fortunately, it’s usually not difficult to find someone who fits this description.
At AGL Business Consultants, we’re dedicated to helping you find the perfect local sponsor for your needs. We’ll work with you closely to identify the right person or company that can provide the services you need. With our team of experts on your side, you’re sure to find the right match.
Benefits of Getting a Local Sponsor in Dubai?
- Zero interference with your business : Our local sponsorship gives you 100% freedom to run your business with no interference from the sponsor. You can conduct your daily operations and maintain control of the company’s voting rights at 100% of the financial benefits.
- Greater protection : Your business is more protected and secure by using our local sponsor. We will provide your company with a detailed suite of security agreements to protect the 49% shareholders’ interests from any undue risks.
- Protection against sponsorship withdrawal : We deal with multiple local sponsors and corporate sponsors. Since your sponsorship is handled by a team, there will never be a risk of ownership problems due to an individual’s death or early retirement.
- Fast documentation processing : Our team of professionals can streamline the completion period, making it short and painless.
At AGL Business Consultants, We take time to understand your company’s needs and ensure to meet those specific requirements. We will provide expert advice and solutions to ensure you maintain control of your company.
Frequently Asked Questions?
Do I get a chance to talk to the Local sponsor?
Yes, Absolutely. We will contact you once you share your contact detail through this link.
Can my local sponsor help or assist me if I need it?
You can talk to your sponsor directly and discuss your requirements with him.