Trusted Local Sponsor in Dubai, UAE
If you are planning to set up your business in UAE, you need a local sponsor. Singiri & Co. will help you find the best local sponsor in UAE. We will guide you through the process from start to finish so that you can run your business smoothly.
Dubai is the center of the corporate world; given the progress seen over the previous 20 years, it is undeniable that Dubai is the hub of contemporary economic commerce. Due to local changes and high expectations for businesses, starting a business in this city is getting more challenging and problematic as it gets more competitive.
An entrepreneur or business owner may establish an offshore, free zone, or mainland business. Therefore, the company must be located on the mainland to be a premier commercial region member. If the proprietor is of foreign descent and wishes to operate the firm on Dubai’s mainland, local sponsorship is required. According to UAE Companies Law and civil law, a business owner must choose a local service agent or a partner with a majority equity participation of 51 percent or more to administer an LLC firm. An Emirati or a resident in the UAE who works as a sleeping partner for your business is known as a local service agent or a sponsor.
According to UAE law, international business owners must choose a local sponsor to act as their agent when interacting with the ministries and the government to complete the paperwork. Therefore, finding a good local partner becomes an obligatory task for the international investor.
Our Expert Consultants at Singiriandco. will help you find a local sponsor in UAE for your business set up and advise on the required paperwork. This will help in a smooth transition for setting up the business.
Advantages of Individual Local Sponsor
Disadvantages of Individual Local Sponsor
Corporate Sponsorship in Dubai
Corporate Sponsorship is when a company with UAE ownership and own registration controls more than 51% of your firm than a person does. Adding to this, the sponsoring company does not receive any share or profits from the business. They receive an annual fee for this service. To get corporate sponsorship, Singiriandco., will help you with all the paperwork and finding the reliable and best company for your business.
- You must choose a company which are aligned with your business
- Give profit share to the company
- The proposal or agreement should be clear and strong
- Must choose the company which has good credibility