A local sponsor is any UAE native or citizen who works as a service agent or 51% stakeholder in your firm to enable it to be established in Dubai or the UAE.
Yes, we provide an MOU/Side Agreement or Trust Agreement to assist foreign investors in protecting their shares and the company’s profit.
The yearly costs that a UAE resident might anticipate paying are determined by the sort of business that the foreign ex-pat who wants to establish a Dubai company plans to conduct. Nonetheless, the typical annual fee for a UAE resident sponsor begins at AED 8000/-. If you want to select a trustworthy and professional UAE national for business registration in Dubai, Emirates Professional Legal Translation can assist you.
We can function as your UAE local sponsor for an LLC business or as your UAE local agent for professional licences, whether you are a sole proprietorship, a partnership firm, or a foreign corporation with a branch in the UAE.
No, having a UAE native as a local agent of the corporation is required in Dubai Mainland. If the customer chooses the LLC structure, UAE citizens will own at least 51% of the company’s stock. If it is a professional licence and a sole establishment structure, UAE citizens will only be acting as the company’s agent.
The investor should also keep in mind that a UAE national will only receive a fixed sponsorship amount in exchange for putting his or her name in the company, even if the MOA states that he or she is the 51% owner of the company, as all the memorandum of understanding, trust deed, proxy agreement, and nominee shareholding agreement will be given to the foreign national.
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Al Qusais Masjid Building,
Behind KFC Building, Near Al Twar Centre
Dubai - United Arab Emirates