Sponsorship Services
To setup a company in UAE Mainland needs a UAE National to be their 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 very crucial for hassle-free management of the company. Gulfex provides this hassle free sponsorship services along with transparent contracts.
As per UAE Companies law and UAE civil law, to start a company with limited liability in a mainland, that is, a non-offshore company in a non-free zone, a minimum of 51% local equity is a must. Despite foreign equity in such a company not exceeding 49%, the profit distribution from it can be mutually agreed upon by concerned parties.
Also we can grant complete operational powers to the foreign partner (s) or a third party on the memorandum of association. Only UAE nationals or companies owned wholly by UAE nationals may be considered for being nominee partner and paid a lump sum amount per year.
Our Sponsorship Management Services guarantees highly talented individuals with a treasure of sponsorship experience to empower you with high-quality advice and practical assistance.
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