When it comes to setting up in the UAE as a foreign businessperson or company, there are basically two options: you can start a business in a free zone or launch a mainland company. While there are opportunities in both, there’s an advantage in favor of setting up a mainland company.
One of the most compelling reasons is that your company would be able to trade directly with other mainland entities. You would also have a greater scope when it comes to business activities – as a mainland company you could take on governmental work, benefit from personal taxes, and offer more visas to employees.
Non-Gulf Cooperation Council (GCC) nationals have to be sponsored to launch a mainland business in the UAE. According to UAE law, the sponsor must be a registered national and be made a partner with at least 51% of company shares, in the case of an LLC (Limited Liability Company). There are cases where foreign nations can own 100% of the shares in their company dependent on the business category, but will still need a local service agent to sponsor the company in UAE.
Choosing a Local Sponsor/Partner is not a big task as Plus UAE is within your reach.
- Getting to know your local sponsor before a deal: An established local sponsor ought to be someone who can be trusted. Ideally, with an established track record. Plus UAE is providing efficient and reliable local sponsor/Partner for all types of entities.
- Hidden costs in the sponsorship fee: When drawing up a deal, sponsors and foreign entrepreneurs agree upon a system of fees. If engaging us as your local partner it will be on FIXED ANNUAL fee without any involvement in business or profit share.
- A legal contract with Sponsor: In the UAE, all type of formation is based on a legal contract that should be notarized by all the parties in the license.
- Delays in getting a sponsor’s signature: To get signature in all department works or documents we can assure you fast-track process when and where it required.
- Supreme Petroleum Council Approval: SPC approval is mandatory for all companies dealing with Oil/Gas Sector Companies operating in Abu Dhabi, whatever the main activities they are dealing with. This approval is a must to issue CICPA (Critical Infrastructure & Coastal Protection Authority) security passes to access oil field related sites. With Plus UAE local Partner/Sponsor companies will get SPC approval in the license without any hassle.
We are also providing corporate sponsorship to clients
- No interference from the sponsor: With corporate sponsorship, entrepreneurs maintain complete control over their business, despite the sponsor holding a narrow majority of shares. As a rule, corporate sponsors do not get involved in the day-to-day running of the company, allowing business owners to continue to have full management of their staff, clients, and service offering.
- 100% of the financial benefits: Much like an individual sponsor, a corporate UAE mainland sponsor becomes a 51% shareholder in the company. However, one of the major benefits of this option is that you, as the business owner, retain 100% of the financial benefits.
- Protective contracts: Side agreements are often a difficult part of the process. This is another area in which corporate sponsorship may be advantageous. We are offering detailed contracts drafted by our legal counsel so that the rights of business owners and their shareholders are fully protected.
Connect to plusUAE & Step to Success
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