UAE Local Sponsor
UAE Local Sponsor
Local sponsor exists as a critical condition if an overseas entrepreneur wishes to open his company in the mainland of UAE. The sponsor must be a citizen of the UAE. If you are planning to open your business in the free zone, then this is not required.
The UAE local sponsor for a mainland business must have 51% ownership of the said business. In return, they offer funding, products, or services to boost teams, trade shows, events, and nonprofit or business organizations. So, technically speaking, local sponsors get your business exposure, besides the chance to reach new customers.
Looking for a reliable local sponsor for your mainland company in Dubai or anywhere else in the UAE is daunting. GSPU is ready to lend a helping hand. As GSPU knows that very well, please do not hesitate to contact us. We are here to help you to find your right sponsor.
A local sponsor in the UAE is an Emirati or a UAE national with a family membership card (Gincia), who acts as your service agent for your business in the UAE.
A local sponsor for companies in the UAE can be an individual/s or corporate. Here, if it is a corporate sponsor that company has to be 100% owned by UAE / GCC National/s.
As per the UAE Companies Law and UAE Civil Law, to form a limited liability company (LLC) in the mainland a minimum of 51% local share is a must. A foreign share in such kind of company should not exceed 49% however, distribution in the profits shared can be mutually agreed between the parties.
Some types of professional companies and civil companies can be owned 100% by an expatriate shareholder, where the local sponsor will act as a Local Service Agent (LSA)
Business Setup / Company Formation Consultants in Dubai, UAE Mainland
The United Arab Emirates (UAE) is a business hub for international trade. The country is a federation of seven Emirates namely, Abu Dhabi, Dubai, Sharjah, Ajman, Ras Al Khaimah, Umm al Quwain and Fujairah with all advanced infrastructure facilities. It is also known as “The Heaven of Commerce” attracting investors here opting for Company Formation in the UAE.
The past years have shown us a steady growing economy with the support of Tax-free income, Policies & regulatory framework, government support & relationship with all countries etc. Dubai always attracts investors to plant their business seeds and achieve success that they desire. Dubai is a global trading hub and an investment destination in various business activities such as trading, import, export, logistics, hospitality, event management, financial services, construction and so on. All this has been made possible with the market’s sociable business policies of government making Company Formation in the UAE desirable and seamless.
The United Arab Emirates is a country always thriving and passionate to be at the top in the most advanced technologies and economic up-gradation in every sector. The UAE also provides world-class infrastructure, flexible government policies, acceptance of investors irrespective of the country of their origin.
Following are the reasons for the success of investments in Dubai, UAE:
- Government support for Import & Export, encouraging suppliers to access the global market.
- Resource-rich region due to Geographical structure.
- Global access with more than 100 Airlines and 175 Shipping lines.
- No trade barriers (No quotas for exchange controls)
- 100% repatriation of capital and profit.
- No personal and corporate tax
- No restrictions on the exchange of currency.
- Most advanced transportation facility
- Developed financial and service sector.
- Flexible government policies
- Access to a world-class lifestyle.
- Easy access and developed hospitality facilities, education and research centre and medical facilities.
Mainland Company Setup
- A Mainland company is a company registered in the Department of Economic Development (DED) in the United Arab Emirates. This means that if you choose to conduct your business in the UAE Mainland, it is mandatory to register the business entity with one of the Department of Economic Development in the UAE, which will then provide you with a business license to start doing business in the UAE. In UAE all the seven emirates are having separate Department of Economic Development offices.
Free zone Company Setup
- UAE Free Zones are special economic zones set up with the objective of offering tax-free, and free customs duty benefits to expatriate investors. UAE Free zones are designed for boosting international business by providing complete ownership to foreign investors. A free zone company is the most fruitful legal entity that not only offers the benefit of 100% ownership to the investors or entrepreneurs but a host of other exclusive advantages that other legal forms do not have. Normally for setting up companies in the UAE mainland, the expatriates need a local sponsor but through free zone companies the expatriate can set up their business without the local sponsor and he can enjoy 100% repatriation of capital profits. A free zone offers 100 % corporate and personal income tax benefits.
Offshore Company Set Up
- A UAE Offshore Company is a legal business entity, where you can do business internationally, outside the UAE Jurisdiction. UAE Offshore companies can hold properties and companies in any part of the world including the UAE. Offshore Companies in the UAE should not be confused with UAE Free Zone companies. Unlike any other company, for setting up an Offshore company mandatorily requires a registered agent.
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