A UAE national can act as the sponsor of a business which is started by a foreigner in the UAE. This sponsor provides help whether it be for an event or activity by providing finance or product. This in turn helps both the sponsor with promotion.
On the other hand, the company being sponsored gains indirect recognition. For example, a food brand can promote their products as well as a newly set up grocery store at the same time. Consumers of the food brand will have a variety of stores they can buy that specific brand from, this in turn will bring attention to the grocery store. Meanwhile, the customers of the grocery store are made aware of the variety of food brands available.
Similarly it can be difficult for new companies to operate companies in the foreign markets. Due to the already established market with both local and other well-known brands, attracting customers can never be easy. However, with the presence of local sponsors, a company gains recognition faster. There are many local organizations that are ready to invest financially or provide products or services in new company set ups.
Mainland companies, in UAE, are the companies that have been registered as onshore companies, are located in UAE mainland, and are allowed to operate business deals both locally and internationally.
There are three types of local sponsors available for mainland companies in the UAE, local individual sponsors, local service agent sponsors and local corporate sponsors.
- Local corporates are completely owned by UAE nationals and act as 51% shareholders when sponsoring companies owned by foreigners. There are certain legal requirements, met easily by being associated with a fully established corporation. The power of operations and decision making depends on the foreign company owner, however, there are still many restrictions the owner has to be cautious of. People deciding to open limited liability companies are more suitable for local corporate sponsors. This way the owners are only responsible for their own investments.
- On the other hand, local individual sponsors are nationals looking for investment opportunities. These individuals act as silent partners, holding 51% shares, while the owner of the new company makes all the decisions. Local individuals can easily create contacts because of reasons such as no language barrier. Therefore, through local individuals’ help, new opportunities can be introduced to the newly established foreign company.
- Local service agents are individual UAE nationals. They act as representatives for the new business setup in Dubai and help generate business activity. Moreover, instead of holding shares, local service agents have a fixed annual fee paid to them by the company. Furthermore, local service agents speed up the company registration and license process, as well as provide PRO services.
All that we offer
To establish a business setup in Dubai can be a quite tedious process. Therefore, setting up new businesses are easier when one has experience. Being well-versed in the process of the complete business setup and possessing the means of completing the process is not everyone’s forte.
Trademark Registration Dubai has business consultants Dubai, operating in the UAE who make business registration Dubai time efficient and cost effective.
The consultancy provides services for new starts up for offshore, mainland and free zone companies. By providing consultation, the business consultants Dubai help their clients decide the objective and the type of company they want to establish. Furthermore, the company makes the processes easier by helping in preparing all kinds of documentation, whether it is for bank account or visa, and business registration. By providing PRO services amongst other services, your business registration Dubai experience is made better.