Foreign entrepreneurs wishing to set up a business in Dubai have the opportunity to establish their business by collaborating with UAE nationals as business partners. The formation of a Mainland Company in the UAE requires the involvement of a local sponsor, as mandated by UAE Civil Law as well as Commercial Companies Law.
The local sponsor must be either a corporate entity fully owned by UAE nationals or a UAE national (Emirati). The process commences with establishing a Mainland Limited Liability Company (LLC), in which the foreign entrepreneur holds 49% ownership with the other 51% going to the local sponsor.
With corporate sponsorship, the entrepreneur has complete power over the business, despite the local sponsor holding a marginal majority of the company shares. However, the corporate local sponsor cannot get involved in the day-to-day business operations of the company, enabling entrepreneurs to possess the overall management of their employees, services, and clients.
At Amer by MBS, we understand that the notion of involving a local sponsor and transferring a 51% share of their company can cause anxiety. That’s the reason our corporate sponsorship service is aimed at giving you absolute peace of mind.
By partnering with Amer by MBS, you can stop spending time building a rapport with an individual. Instead, we assist you in finding a corporate nominee who can serve as your local sponsor in Dubai. Our top-notch business setup service in Dubai assures that you have complete financial and operational control over your Limited Liability Company, safeguarding your shareholder's interests. At Amer by MBS, we ensure that you have all the paperwork needed to protect your business and guarantee your financial rights.