To set up a company in UAE Mainland, a UAE National is required to be the local agent or sponsor as per the Commercial Company’s Federal Law No. 2 of 2015. This local sponsor in Dubai can be an individual or a corporate entity. However, choosing the right sponsorship is crucial for hassle-free management of the company. Shanayauae provides hassle-free sponsorship services along with transparent contracts.
According to UAE Companies Law and UAE Civil Law, starting a company with limited liability in the mainland (i.e., a non-offshore company in a non-free zone) requires a minimum of 51% local equity. While foreign equity in such a company cannot exceed 49%, the profit distribution can be mutually agreed upon by the concerned parties.
We can also grant complete operational powers to the foreign partner(s) or a third party through the memorandum of association. Only UAE nationals or companies wholly owned by UAE nationals may be considered as nominee partners, receiving a lump sum payment per year.
Our Sponsorship Management Services guarantee access to highly experienced individuals with extensive knowledge of sponsorship processes, empowering you with high-quality advice and practical assistance.