Setting up your own business in Dubai can be complicated for international entrepreneurs if they don’t have complete knowledge of company formation procedures in UAE like which location suits best for their business, what are the initial steps for trade name registration and many other important legal documentations activities.
One of the
most common issues is related to foreign ownership. The company ownership
depends on the location where you want to start your business in Dubai. You
have two options for business location to start. One is Dubai Mainland and
another is Free Zone company formation.
To establish
a business in Dubai Mainland, a foreign investor is required to have a local sponsor in UAE for many legislation processes. According to the Department of Economic
Development (DED), there are a numbers of benefits of business setup in Dubai
Mainland. Some of them are:
1. Business
owner is also allowed to do business with local market of UAE
2. No restrictions
on visa application
3. No restrictions on business property as well
as business activities
What is Local Sponsor?
A local
sponsor is an UAE national who acts as a sleeping partner for your company in
Dubai. Being a mandatory
requirement, it’s a real, inevitable challenge for foreign investors to find
the right local sponsor in Dubai, appropriate for their line of business.
You do not need to share your business profit with sleeping partner but you
have to pay an annual fee to him. Also local sponsor does not play a particular
role in your business activities.
Reliable Local sponsor for company formation in Dubai
Getting a
well-educated local sponsor is very important to start a business in Dubai
Mainland. We at “Business Link UAE” help you to get a trustworthy and reliable
UAE national for your company formation that will act as a local agent or
sponsor. We are also specialized to provide PRO services and complete solution
for business setup in UAE.
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