Local Sponsor Arrangements
We help you in finding the right Local Sponsor for your LLC Company by thoroughly assessing your business requirements.
All companies registered as limited liability corporations under the UAE Commercial Companies Regulations can only be owned by expatriates or non-UAE nationals to the extent of 49 percent. A UAE national, often known as a local sponsor, must possess the remaining stake. By paying the appropriate Sponsorship Fee, the UAE National Sponsor is appointed for an LLC Company on a yearly contract. The Local Sponsor is only involved in negotiating with the relevant government offices for securing personnel visas, license permissions, and other administrative services; they have no role in the company’s day-to-day operations..
The Local Sponsor will be required to deal with government services such as applying for new employee visas, approvals, immigration, and so on during the startup and operation of the firm. We assist you in finding the right local sponsor to avoid any misunderstandings about share duties and shareholder agreement clauses. We make certain that the Memorandum of Association submitted by the Local Sponsor has all of the terms and conditions that you agree to. Before signing up with the local sponsor, we carefully double-check that all of the paperwork is in order.
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