Whether they require a local sponsor (Nominee Shareholder) in Dubai is one of the most frequent questions posed by new business owners in this region of the world. Your nationality and the kind of business you want to start are just two of the many variables that will affect the answer.
Yes, you will require a local sponsor as a business partner if you are a non-Gulf Cooperation Council (GCC) national wishing to open a business on the mainland of the United Arab Emirates with a commercial or industrial license. However, a local sponsor is not necessary if you are establishing your business in a free zone or if your operations are covered by a professional services license.
Go Gulf Consultancy is available to assist if your company does need a local sponsor.
You must first create a mainland Limited Liability Company (LLC), of which you own 49% and the local sponsor 51%. But don’t worry—profits aren’t divided that way, and your local partner won’t have much influence over how your business is run on a daily basis.
For startups and new business owners, locating a local sponsor in Dubai can be a challenging process. The local sponsor needs to be a corporation or a citizen of the United Arab Emirates, commonly referred to as an Emirati. The company must have a board of directors and be fully owned by UAE citizens.
At GO GULF, we are aware that the idea of enlisting a local sponsor and giving them a 51 percent stake in their business worries a lot of entrepreneurs. Our corporate sponsorship service is made to give you total peace of mind because of this.
Working with Go Gulf Consultancys service agents eliminates the need to invest time in finding and establishing a relationship with a person. Rather, a top corporate nominee will serve as your 51% local sponsor in Dubai.
Our primary goal is to grant you complete operational and financial control over your Limited Liability Company while safeguarding the rights of your shareholders. First-rate legal counsel drafts the agreements and documents we use, which have been tried and tested for more than ten years. We’ll make sure you have all the paperwork you require to safeguard your company’s financial rights and safeguard your business.
In addition to offering services intended to handle potential problems, corporate sponsorship provides the same benefits as working with an individual sponsor. The following are some advantages of using GO GULF's corporate sponsorship service:
Even though the local sponsor owns a small majority of the company’s shares, entrepreneurs who receive corporate sponsorship keep total control over their enterprise.
Generally speaking, corporate local sponsors stay out of the day-to-day operations of the business, enabling owners to maintain complete control over their employees, customers, and service portfolio.
We are the best business setup consultants in Dubai and the UAE because we will handle all the heavy lifting. For company formation, GO GULF is a one-stop shop. You don’t have to meet with numerous government department officials to get your business up and running because we handle the process from beginning to end.
A challenging aspect of the process is frequently side agreements. Fortunately, corporate sponsorship may also be beneficial in this area. In order to completely protect the rights of the business owner and their shareholders, many corporate sponsors provide comprehensive contracts that are written by top-tier legal counsel.
In Dubai, GO GULF offers a top-tier corporate nominee to serve as your 51% local sponsor. Our primary goal is to grant you complete operational and financial control over your LLC business while preserving your shareholder rights. First-rate legal counsel drafts the agreements and documents that are used; they have been tried and tested for almost a decade and have been modified over time to stay innovative. When it comes to locating a local sponsor, we think our corporate nominee is the greatest product on the market. Our sponsorship services will give you all the paperwork you need to safeguard your company’s financial rights and safeguard your business.
Our team of 100 employees has been in business since 2009 and has the combined resources to provide continuous assistance with company formation, license renewal, visa services, and much more. Our clients value having a dedicated service agent to help with all of their corporate services needs, and we are genuinely a one-stop shop for company formation.
We can help you create any of the following entities in the UAE mainland in addition to LLCs:
Branch Representative Office Civil Company Sole Establishment
