Whether they require a local sponsor (Nominee Shareholder) in Dubai is one of the most frequent queries made by first-time business owners in this region. Your nationality and the kind of business you want to launch are only two of the numerous variables that will determine the response.
You will require a local sponsor as a business partner if you are a non-Gulf Cooperation Council (GCC) national seeking to create a company with a commercial or industrial license on the United Arab Emirates’ mainland. But a local sponsor is not necessary if you are establishing up in a free zone or if your company activity is covered by a professional services license.
If your company does need a regional sponsor, Invest First is here to assist.
You must first create a mainland Limited Liability Corporation (LLC), of which you will own 49% and the local sponsor will hold the other 51%. Be assured, however, that earnings are not divided equally and that your local partner will have little to no influence on how your business is handled on a day-to-day basis.
For new businesses and startups, finding a local sponsor in Dubai might be difficult. A UAE national (commonly known as an Emirati) or a business must sponsor the event locally. The business company must have a board of directors and be entirely owned by citizens of the UAE.
We recognize that the idea of partnering with a local sponsor and selling a 51% stake in their business worries many business owners. We created our corporate sponsorship service to provide you total peace of mind because of this.
There is no need to spend time looking for and getting to know someone while working with Invest First service representatives. As an alternative, we will nominate a prestigious corporate entity to serve as your 51% local sponsor in Dubai.
Our major goal is to completely hand over financial and operational management to you while safeguarding your Limited Liability Corporation shareholder rights. We only employ agreements and paperwork that has been carefully reviewed and approved by top legal counsel over the course of more than ten years. We’ll make sure you have all the necessary paperwork to safeguard your company’s financial rights and to defend your business.