April 12, 2021
Blogs - MSZ Consultancy
What you should know about local sponsorships?
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?
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?
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...What business activities require a local sponsor?
A local sponsor, corporate sponsor, or corporate nominee are required for a commercial, professional, and industrial license.Recent Posts
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