Easily set up your company in Dubai with UAE Local Sponsorship. Our team provides comprehensive assistance for business registration and establishment.
Local sponsorship services
We provide highly skilled personnel who have a wealth of sponsorship and expertise to provide you with valuable guidance and support according to the commercial firms. According to federal legislation no 2 of 2015 a UAE resident must serve as the local agent for any foreign entity establishing operations on the UAE mainland a local sponsor in Dubai may be a person who is a citizen of the UAE or a business to save time and avoid needless back and forth, we consider numerous factors before recommending or providing our customers with a local sponsor in the UAE. However, choosing the proper sponsor is extremely important to the success of your business.
As our sponsor transfers/waives all the firm's rights to the foreign investor in opposition to the fixed sponsor, a memorandum of agreement is also issued to the investor to preserve the profit and shares of the company. This enables our clients at Nexswitch Sponsorship to conduct business in Dubai totally independently of the UAE national sponsor.
We assist in forming your free zone corporation and obtaining it. The Free Zone is regarded as a worldwide commercial centre, with several advantages for foreign enterprises. Free Zone is regarded as a location of an international commercial hub, providing several advantages to foreign businesses.
Is it possible to register a company without a UAE national as my sponsor?
It is optional to have a UAE national act as the company's local agent in the Dubai mainland. Besides that, it entirely depends on the type of business the customer wants to start with. For example, activity like general trading, contracting, real estate, advertising, technical services, manufacturing licenses, cargo and logistics, textile businesses, cosmetic and perfume businesses, electronic businesses, cleaning equipment businesses, fuel and petrochemical businesses, jewellery businesses, etc. all requires UAE local sponsorship in the United Arab Emirates.
And in the structure, U.A.E. nationals will own at least 51 percent of the company if the consumer chooses an LLC structure. However, if the license is professional and the structure is a sole establishment, U.A.E. nationals will only be acting as the company agent.
An investor must be aware that UAE national would only agree to a fixed sponsorship fee in exchange for lending his or her name to the company, regardless of what is stated in the Memorandum of Understanding, Trust Deed, Proxy Agreement, and Nominee Shareholding Agreement.
Who is a UAE local sponsor?
Any UAE national citizen who acts as a service agent or 51% shareholder of your business to enable a company setup in Dubai or UAE is called a local sponsor.
How much does a local UAE sponsor charge annually?
The annual charges that a UAE national expects to be paid are based on the nature of the business that the foreign expat who wants to set up a Dubai company intends to engage in. However, the average rate to be paid for a UAE local sponsor starts from AED 8000/- per year. Nexswitch Corporates can help you if you wish to appoint a reliable and professional UAE national for company registration in Dubai.
Do you provide investor protection agreements?
Yes, we offer an MOU/Side Agreement or Trust Agreement that helps the foreign investors to protect his/her shares and profit of the company.
How can I find a sponsor for my business activity?
Nexswitch Corporates can help you to find and a trust worthy UAE local sponsor for LLC company or UAE local agents for professional licenses, be it sole establishment, partnership firm, or foreign company branch licenses in UAE.
Can I get a refund of local sponsorship fees paid to a UAE national?
Yes, if the local sponsor has not signed the memorandum of association/service agent agreement and notarized it at the public notary, the entire paid amount can be refunded.
What is meant by corporate sponsorship in Dubai for company formation in UAE?
If you have concerns about a relatively unknown individual getting their foot in your business’s door, there is another possible option – corporate sponsorship. The process is quite similar, except that you will be sponsored by an existing company instead of an individual. This will put you on firmer ground since a company sponsor is likely to pose less risk than an individual. It also allows for a stronger governance structure to safeguard foreign investment and enables issues like shareholder succession to be resolved under company law. Typically, you will also be provided with a dedicated team to assist with license and visa renewals and any other ad-hoc support required to operate the company.
Do I need a local sponsor for free zone company setup?
No, you don’t need a local sponsor to setup a freezone company. A free zone company can be owned 100% by an expatriate shareholder(s).