FIND A LOCAL SPONSOR IN THE UAE
Join our Corporate Nominee Sponsorship Program where you will find 100% beneficial interest and full financial control in your business for the requirement of a Local Sponsor in Dubai. You get to fully own and manage your company ensuring you are entirely in control of your profits, management, and decision-making processes.
In contrast, this program allows legal protection and operational independence, so you can just let your business flourish. Under our MakeMyCompany, all the legal and administrative tasks will be taken care of for a smooth setup, and your interests are kept safe. With our program, you are assured you can take your business to its full potential in Dubai with no compromises when it comes to ownership and control.
Start Your UAE Company Journey Today with MakeMyCompany
This is one of the most important decisions a first-time entrepreneur must make in Dubai: whether you need a local sponsor as a nominee shareholder. Most necessities depend mainly on different factors, including some factors such as the nationality of the person and kind of business to be established.
If you are a non-GCC member, and your commercial license falls in the category of either commercial or industrial, then you would need a local sponsor. However, if the business activity falls under professional services or if you wish to set up in a free zone, then a local sponsor will be optional for you.
At MakeMyCompany, we deal with companies that require a local sponsor. The first component of this process is the formation of an LLC in mainland where you own 49% of the shares and your local sponsor owns 51%. In this regard, you should know that profit usually gets distributed according to the agreement shared in the partnership, and therefore your local partner is not involved in core activities.
Dubai can be difficult for finding a local sponsor especially for start-ups as well as new entrepreneurs. Emirati or corporate entities wholly owned by Emiratis must make up the local board of directors. Another factor is that the local sponsorship rules under the law have been amended, and new policies implemented to ease this process and further protect the foreign investor. MakeMyCompany will keep you abreast of these changes and see that tie-up with your local sponsor is without a hitch, in compliance, and to your business’s best interest for expansion in Dubai. Our expertise will lead you through that labyrinthine landscape so you can get down to the nitty-gritty of expanding your business or company.
Choosing a Local Sponsor in Dubai – Benefits of the Corporate Sponsorship Model
At MakeMyCompany, we understand the giving away of 51 percent ownership to a local sponsor is one of the biggest concerns to most entrepreneurs. Our Corporate Sponsorship Model, however, has been devised with the cause to ease just that kind of anxiety and offer a solution that still ensures your business remains entirely under your complete control. Given our already established tie-up with MakeMyCompany service agents, you do not have to squander your precious time searching for or building contacts with potential sponsors. We give you instead a high-class corporate nominee as your local sponsor holding the required 51% ownership. In this way, you can still enjoy 100% control over your company in terms of financial and operational control but still stay behind on the compliance with the legal requirements in Dubai on LLCs.
We guarantee the protection of shareholder rights. To that effect, we provide you with well-structured service contracts and documents given by attorneys who have had more than ten years of experience. These legal safeguards ensure that your business interests are fully protected and instill confidence in the security and stability of your enterprise. Under the Corporate Sponsorship Model by MakeMyCompany, sit back and watch your business grow while we ensure complexities in terms of sponsorships and compliances for you.
Local Sponsor Advantages: Starting Your Company in the UAE
Discover the greatest advantages of registration with a local sponsor in the United Arab Emirates when opening a venture. Take full control over your company’s activities while getting the facilitation of streamlined setup and valuable insights about the market. A local sponsor will protect the law and give greater credibility, ensuring the smooth operation of your business.
Full Control and Seamless Process
The bright side for entrepreneurs is that with corporate sponsorship, they will have the full ability to hold control over their business operations despite the majority of shares held by the local sponsor. Corporate sponsors take a back seat approach where the business owners would be able to independently handle employees, clients, and services. More than that, MakeMyCompany enables you to set up your corporation with all the documentations, licensing, and approvals without muddling through complex bureaucratic red tape.
Deeper Insights and Access to Market Opportunities
Partnering with a local sponsor gains unrivaled knowledge on the UAE market, about cultures, business practice, and preferences of customers. In doing so, this knowledge helps you tailor your offering toward better meeting the needs of the market. Also, a local sponsor has extensive networks with various connections in the industry, connections that can bring new business opportunities, partnerships, and collaborations together.
Legal Protection with Increased Credibility
Corporate sponsorship is backed by comprehensive, legally sound contracts that always protect the rights of business owners and shareholders. This proactive approach breeds a secure and open business environment, which will fuel confidence in the partnership. Additionally, as having a local sponsor will add more credibility to your company, especially when showing commitment to the local market and regulatory framework, you will be able to gain the trust of customers and stakeholders.
LLC Sponsorship
MakeMyCompany offers you the unique corporate nominee service as your 51% local sponsor in Dubai. Our only aims are to ensure that you maintain complete financial as well as management control over your LLC and protect your shareholder rights. We have had our agreements and documents especially designed by leading law firms who have nearly ten years of experience in resolving regulatory requirements in ensuring full compliance with the law. Our corporate nominee is the best option to gain a local sponsor, and through our sponsorship services, you will get detailed documentation to secure your business or financial interests.
Established in 2017, our 100 professional individuals collectively posses vast knowledge and resources to ensure ongoing support throughout company formation, license renewal, as well as visa processes. One-stop-shop service agent for all your company formation requirements-this is our promise to you.
Aside from LLCs, we can also help with the registration of other entities in the UAE mainland, including but not limited to:
- Branch Offices
- Representative Offices
- Single Companies
- Private Companies
We offer a wide range of choices designed specifically for types of business: it has never been easier or quicker to establish and start operations in the vibrant country of mainland UAE.