One of the most common questions asked by first-time entrepreneurs in this part of the world is whether they need a local sponsor in Dubai. The answer depends on many factors, including your nationality and the type of business you wish to set up.
If you’re a non-Gulf Cooperation Council (GCC) national looking to set up a business with a commercial or industrial licence on the UAE mainland, then yes, you will need to partner with a local sponsor. If, however, you are setting up in a free zone, or your business activity is covered by a professional services licence, a local sponsor is not required.
If your business does require a local sponsor, Virtuzone is on hand to help.
First, you’ll need to establish a mainland LLC – of which you retain 49% ownership with the other 51% going to the local sponsor. Rest assured, however, that profits are not split along these same lines and your local partner will have little-to-no say in the day-to-day running of your company.
At Virtuzone, we understand that many entrepreneurs find the concept of engaging a local sponsor and passing off a 51% share of their company a rather daunting experience. That’s why our corporate sponsorship service is designed to give you complete peace of mind.
By partnering with Virtuzone, there’s no need to spend time searching for and building a rapport with an individual – instead, we’ll provide a premier corporate nominee to act as your 51% local sponsor in Dubai.
Our main objective is to give you 100% financial and operational control, while protecting your shareholder rights in your LLC company. The agreements and documents we use are drafted by first-tier legal counsel, and have been tried and tested for over a decade. We’ll make sure you’re armed with all the documentation you need to protect your business and secure the financial rights of your business.
Corporate sponsorship offers the same advantages as dealing with an individual sponsor, while providing services that are designed to address the challenges that can arise. With Virtuzone’s corporate sponsorship service, you’ll benefit from:
Finding a local sponsor in the UAE can feel like a headache. With Virtuzone, it doesn’t have to be. We’ll guide you every step of the way – to find you the ideal sponsor while safeguarding the financial and operational control of your business.
For more information, call +971 4 457 8200 or email email@example.com