Setting up a business in UAE is bankable approach considering the economic benefits the region has to offer. Zero corporate tax, zero personal tax, and business growth-friendly corporate laws and policies are a few reasons that bring foreign investors to UAE. To reap these benefits, starting a company in the UAE is a smart move as a budding foreign entrepreneur. You can set up your business in UAE in two ways. Start a business in UAE mainland or start a free zone company. Depending upon the choice you make, you need to incorporate laws designed by the UAE government for the smooth functioning of your business.  But finding a suitable local sponsor can be a stumbling block in getting your business set up rolling. Getting a local sponsor in the UAE can be particularly daunting if you are new to the region. Don’t worry we are here to help. Good Solutions Businessmen Services helps you find a reliable local sponsor or local service agent. We offer a wide range of business set up solutions with high-quality services at astoundingly reasonable prices.

Who is a local sponsor and what is his role in your business?

According to UAE law, a local sponsor is an Emirati or a UAE national who has a 51% equity in your company and acts a sleeping partner if your business is a mainland company with foreign investments.The local sponsor is not involved in the daily business operations rather he acts as a representative for your company that communicates with various government authorities and departments to obtain labour and immigration approvals, visas and do the required paperwork for the company. He does not take any part from your benefits rather only takes an annual fee. Choosing a good local sponsor is a crucial decision as he can help your company grow with his innumerable connections and resources.

Does your business need a local sponsor?

UAE law requires foreign investors to appoint a local sponsor for their company where the local sponsor has with 51% shares in the company.You need a local sponsor for your business if you want to start a Limited Liability Company (LLC), Sole Establishments, or Foreign Branches, or a Civil Company.

Book your free consultation (link to contact us page) to seek expert advice from our adept business consultants.

Is there an alternative to local sponsor?

Yes. If you don’t want to choose an individual local sponsor for your business, you can select one of the following.

Corporate Sponsor

A corporate sponsor is exactly like local sponsor except it is an entire company that acts as a sleeping partner for a company with foreign investments. The corporate firm will hold 51% equity in the company just like an individual sponsor. Having a local sponsor or a corporation is an asset in UAE as the government laws are designed to uplift both the sponsors and the foreign company.

Local Service Agent

Local service agents (LSA) are representatives for companies with foreign investors. LSA’s are professionals that perform government related administrative tasks for the company such as obtaining labour and immigration approvals, visas and other required paperwork for the company. You would require an LSA if you are a professional such as doctor, engineer, accountant or writer and want to start a company in UAE in your area of expertise. In such a scenario you can maintain 100% ownership of your business. It doesn’t matter what kind of sponsor your company needs, we got you covered since we make arrangements for all kinds of sponsors.

Good Solutions Businessmen Services provides complete corporate solutions that can accelerate your business setup process and facilitate growth opportunities. As one of the most trusted businesses set up companies in UAE, we offer a wide range of corporate solutions and specialize in finding a trustworthy local sponsor or local service agent or serving as a corporate sponsor for your company.

For more information, contact us at +971 (4) 323 0621 / +971 (4) 321 3545 or email us at info@goodsolutionsbusinessmenservices.com