LOCAL OR CORPORATE SPONSORSHIP
FIND A LOCAL SPONSOR IN THE UAE
Our corporate nominee sponsorship programme allows you to have 100% beneficial ownership and 100% operational and financial control.
Setting Up Your UAE Company Starts with Rawnaq Al Ebdaa
Is a local sponsor (Nominee Shareholder) required in Dubai? This is one of the most often queries posed by new business owners in this region of the globe. The sort of business you want to start and your nationality are two of the numerous variables that determine the response.
Yes, you will require a local sponsor as a business partner if you’re a non-Gulf Cooperation Council (GCC) person wishing to open a firm on the United Arab Emirates mainland with a commercial or industrial license. A local sponsor is not necessary, though, if you are establishing your firm in a free zone or if your operations are covered by a professional services licence.
In the event that your company needs a local sponsor, We can assist you.
The first step is to create a mainland Limited Liability Company (LLC), of which you will own 49% and the local sponsor will hold the remaining 51%. But don’t worry—profits aren’t divided equally, and your local partner won’t have any influence over how your business is managed on a daily basis.
For young and aspiring business owners, locating a local sponsor in Dubai can be a difficult task. The local sponsor has to be a corporation or a person of the United Arab Emirates, commonly referred to as an Emirati. The business company must have a board of directors and be fully owned by citizens of the United Arab Emirates.
Choosing a Local Sponsor in Dubai – The Corporate Option
At Rawnaq Al Ebdaa, we are aware that the idea of giving up a 51% stake in their business to a local sponsor and enlisting their support might be unsettling to many entrepreneurs. Our corporate sponsorship service is made to provide you with total peace of mind because of this.
You won’t have to waste time looking for and getting to know someone by working with our service representatives. Alternatively, we’ll nominate a prestigious company to serve as your 51% local sponsor in Dubai.
Our primary goal is to safeguard your rights as a shareholder in your Limited Liability firm firm while granting you complete financial and operational control. First-rate legal counsel draughted the agreements and papers we utilise, and they have been tried and tested for more than ten years. We’ll make sure you have all the paperwork required to safeguard your company’s financial rights and safeguard your business.
Advantages
Corporate sponsorship offers the same advantages as dealing with an individual sponsor, while providing services that are designed to address the challenges that can arise. With Virtuzone’s corporate sponsorship service, you’ll benefit from:
1. No interference from the sponsor
With corporate sponsorship, entrepreneurs maintain complete control over their business, despite the local sponsor holding a narrow majority of the company shares.
As a rule, corporate local sponsor does not get involved in the day-to-day running of the company, allowing business owners to continue to have full management of their staff, clients, and service offering
2. Easy
We’ll do all the heavy lifting—that’s what makes us the premier business setup consultants in Dubai and the UAE. Virtuzone is a one-stop-shop for company formation. We manage the process from start to finish, meaning you don’t have to meet with countless government department authorities to get your business up and running.
3. In-depth proactive contracts
Side agreements are often a difficult part of the process. Luckily, this is another area in which corporate sponsorship may be advantageous. Many corporate sponsors offer detailed contracts drafted by first-tier legal counsel, so that the rights of the business owner and their shareholders are fully protected.
LLC Sponsorship
A top-tier corporate nominee is offered by Rawnaq Al Ebdaa to serve as your 51% local sponsor in Dubai. Our primary goal is to safeguard your LLC company’s shareholder rights while granting you complete operational and financial management. First-rate legal counsel has draughted the agreements and documents that are employed; they have been tried and tested for over a decade and have undergone modifications to stay state-of-the-art. When looking for a local sponsor, we think our corporate candidate is the greatest offering on the market. With our sponsorship services, you will receive all the necessary paperwork to safeguard your company’s financial rights and safeguard your business.
Our team of one hundred workers, which has been in operation since 2009, offers the combined resources required to provide continuing assistance with company creation, license renewal, visa services, and much more. Since we are a one-stop shop for company formation, our clients like having a personal account manager who can help with all of their corporate service requirements.
We can help you create any of the following entities on the UAE mainland in addition to LLC companies:
Branch Representative Office
Sole Establishment
Civil Company
