51% Local Ownership Demystified: Navigating Business Sponsorship In The UAE

We provide professional solutions, growth advisory and a comprehensive range of business incorporation services to both new and experienced investors. We have a strong customer focused ethos of providing high quality company formation packages and related products with excellent levels of service, supported by high quality resources.

Corporate Sponsorship

In a Corporate Sponsorship, a company that is your local sponsor will hold 51% of the shares and obligations. Whereas, the individual or group of foreign investors hold the other 49%. The Emirati or local sponsor is a company rather than an individual. A corporate sponsorship in Abu Dhabi or Dubai is usually the preferred choice. As it provides further security for the expat partners, said Navas Nasar of Trust Well Business Center.

Individual Sponsorship

In an Individual sponsorship the business sponsor is an individual in his or her own capacity. The local sponsor must be a UAE national also known as an Emirati. The Local Sponsor holds 51% of the shares and liabilities of the company and 49% is held by the foreign partner. As the local sponsor is the main shareholder, he or she can give a Power of Attorney (POA) to the foreign investors. This POA helps them manage his or her shares and rights in the company for an annual fee.

Business Setup Service

We believe that setting up a company today should be an enjoyable experience, one which is straight-forward and quick, and one where the customer is fully confident at every stage of the process. Needless to say, our service quality and attention to details make us different from all the other Business setup service providers across UAE.

Cost-Effective Solutions

We are able to facilitate cost-effective solutions in business licensing, trade license, office space options and business services, as well as a variety of other business and management solutions through our large network. 

Local Sponsor

A local sponsor is a UAE national or a citizen of the UAE (locally known as an Emirati). The local sponsor does not interfere in the day-to-day operations of the LLC company. The foreign company is bound to pay a lump sum amount. Every year for the services offered by the local sponsor in Abu Dhabi or anywhere in the UAE.

It is important to have the right local partner for foreign-owned companies and investors in the UAE. You need a partner who can add value to your investment and protect your rights in the business. The local partner should help you in the establishment of your business. Also informs you on local compliance and laws, and provides connections. This will help you make your business a success.

Best Business Consultants

Silverline Networks is more than capable of delivering on business promises made to our clients. It is all about providing value for money without giving you the chance to spend more than is required. Our best business consultants possess vast experience and know-how on how to save money for your business while promoting optimum quality. 

Conclusion

We are run by skilled and knowledgeable staff with experience in all aspects of setting up a company and in providing customers with an exemplary service. Perhaps that is why we continue to gain so many clients, ranging from large firms to entrepreneurial individuals relocating to the UAE.

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