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One of the most common questions asked by entrepreneurs looking to set up a company n the UAE for the first time is whether they are legally required to have a local partner. While the short answer to that question is no, there is more to the story. Across most of the Emirates, business activities that fall under commercial or industrial licenses do in fact require that you have a local partner who holds the majority interest and therefore retains the controlling stake in your business. But the UAE has also given entrepreneurs a way to own their businesses outright for those requiring only a professional services license. In this Virtuzone UAE Business Setup Guide we take a closer look at local partner requirements when it comes to setting up your business in the country.

 

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