The sponsor has no rights on business management, turnover or profits. While the debate is raging in all Gulf States and there is a clear will to remove the sponsorship system, the wheels of the legal system turn rather slowly. The business opportunities, however, are abundant and cannot wait for the change in the sponsorship system.
We can assist you to capture these current opportunities by introducing you to silent, dormant, trustworthy partners. These are individuals with basic human decency. We have a stringent wetting procedure to assess the suitability of nationals as local partners. We only recommend credible individuals as sponsors who have a well-established track record of noninterference and unequivocally commitment to support the businesses of our ex-pat clients.
If you are considering sponsorship for your new business or are not satisfied with your current sponsor, we can advise you on how to navigate the maze. For confidential advice please call us. We will help you as we can.
Who is Dubai local sponsor?
As per June 2021 Regulations, 100% foreign ownership of commercial and manufacturing licenses in the UAE is permitted. In order to set up a business here you will need an Emirati sponsor who can be either a sleeping partner against agreed annual remuneration and investor protection agreement provided by us or a service agent with 100% foreign ownership depending on what type of license your company needs by law.
By 2021 June regulations, if someone wants to establish their own LLCs (limited liability companies), 51% shareholding. This to be changed the law has changed in June 2021 so foreigners can register commercial/trading LLC and manufacturing licenses by owning them 100% without local need of local sponsors but there are still some commercial and manufacturing licenses require local sponsors to be 51% shareholders.