Local Sponsor in UAE refers to local service agents and nominee shareholders in mainland companies with foreign investments. It is mandatory that a sponsor has to be a UAE national. A local sponsor in the UAE acts as a sleeping partner in your business who has to own at least 51% of shares in the company. He has to be a local resident of the country and must hold a valid Dubai passport.

Types of local UAE sponsors:

  1. Corporate Local Sponsor:

A corporate firm is that which is established and registered in Dubai can provide local sponsorship to a foreign company that is willing to set up business in Dubai. The corporate firm will sponsor the foreign firm and will hold 51% of equity shares. This type of local sponsorship is very common and suitable for opening an LLC in Dubai

2. Individual Local Sponsor:

An individual local sponsor is a local resident who can take part as a local sponsor in Dubai. It is not mandatory for a local sponsor to be involved in any business activity. This type of sponsorship is suitable for opening a commercial business in Dubai.

3. Local Service Agent as Sponsor:

A local resident who agrees to act as a sponsor for the company in Dubai. This type of sponsorship is suitable for opening a professional business in Dubai.

How to find a local UAE sponsor?

  • Check whether the local sponsor is a resident of Dubai
  • Investigate his family background
  • Qualification status of the sponsor should be verified
  • Get the sponsorship agreement deed verified before signing it
  • Be precise on the fees to be paid to a local sponsor

Why do you need a local sponsor?

One of the essential functions for starting a business in Dubai is to partner with a local UAE sponsor. You need a local sponsor to regulate in accordance with the UAE law. Having a local sponsorship in UAE allows you to take the benefit of setting up an LLC in Dubai.

Choose the right local sponsor with the help of MSZ Consultancy!

Finding the right local sponsor can be a tedious task in Dubai. Consulting an expert about the local sponsorship will help you in your business. Contact MSZ Consultancy, our team of experts will guide you in finding a suitable local sponsor for your business. Get in touch with us today!

Find out how much it cost you to setup your Dream Business

Other Recent Blogs

Best startup business ideas to start in Dubai

Best startup business ideas to start in Dubai

Dubai is known as a city of opportunities and is the commercial hub of the United Arab Emirates (UAE), transforming itself from an oil-dependent to one of the leading and economic innovation hubs in the world. Due to its flexible business setup governemnt policies and...

How to start a gold trading company in Dubai

How to start a gold trading company in Dubai

The gold industry in Dubai has been thriving since the 1940s due to its free trade policies which have encouraged traders from all over the world. Gold trading is one of the leading imports in Dubai. If you are an entrepreneur who is willing to start a gold trading...

Why is doing business in Dubai cost effective

Why is doing business in Dubai cost effective

Dubai is amongst the world’s famous destinations for business which is preferred by entrepreneurs. Due to its world-class infrastructure, global strategic location, attractive taxation benefits it is one of the best places for doing business in Dubai. There are many...

How to set up a textile manufacturing business in Dubai

How to set up a textile manufacturing business in Dubai

Dubai is a prominent business destination for global investors and business professionals. From manufacturing to selling, Dubai is one of the most profitable countries. The textile industry is booming and growing rapidly along with massive employee opportunities. If...

The trademark registration for your brand:

The trademark registration for your brand:

A trademark is a symbol, word, or logo that is registered legally through their use represents a brand or an enterprise. Trademark registration protects the logo and the brand name of your company. Trademarks are intellectual property rights governed and protected by...

How to set up a law firm in Dubai

How to set up a law firm in Dubai

There is a massive increase in businesses in the UAE. With the ever-changing rules and regulations, there is a huge demand for a law firm in Dubai. Due to its liberal business environment, taxation benefits, and world-class infrastructure, Dubai is considered a...

Subscribe to Our Newsletter

We’ll keep you updated on the latest trends and news

Request a call back

Would you like to speak to one of our business advisers over the phone?  Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.

1407, Mai Tower, Al Nahda, Dubai
United Arab Emirates, P.O.Box 19845
+971 58 982 7842
+971 4 229 7508
info@mszconsultancy.com

WhatsApp WhatsApp us