Blogs - MSZ Consultancy

What exactly is a local sponsor, and do I need one?

by MSZ Consultant | Nov 26, 2020

A local sponsor is a UAE national that will own at least 51% of your business. They will also help with any government requirements for setting up your business. If you’re a foreign investor, then a sponsor is required.

What you should know about local sponsorships?

by MSZ Consultant | Nov 26, 2020

Will a local sponsor help with my business? If you’re looking for someone to help run your business, this isn’t what a local sponsor does. A local sponsor provides the service of letting a foreign entrepreneur run businesses in the UAE Mainland and act as a local...

What are the key benefits of working with a local sponsor?

by MSZ Consultant | Nov 26, 2020

One of the main benefits of using a local sponsor is that you’ll be able to trade locally within the UAE. Companies with a local sponsor also have the advantage of opening limitless branches throughout the UAE. Also, when you form a business with a local partner, you...

What is the difference between a local sponsor and a corporate sponsor/corporate nominee?

by MSZ Consultant | Nov 26, 2020

A local sponsor is common for an LLC business. With a local sponsor, UAE national owns 51% of shares in a Mainland LLC. The Emirati sponsor may give a Power of Attorney to the foreigner in exchange for a fixed annual fee. A corporate sponsor is required for a Mainland...