LOCAL OR CORPORATE SPONSORSHIP
FIND A LOCAL SPONSOR IN THE UAE
Our corporate nominee sponsorship programme allows you to have 100% beneficial ownership and 100% operational and financial control.
Setting Up Your UAE Company Starts with Virtuzone
One of the most common questions asked by first-time entrepreneurs in this part of the world is whether they need a local sponsor (Nominee Shareholder) in Dubai. The answer depends on many factors, including your nationality and the type of business you wish to set up.
If you’re a non-Gulf Cooperation Council (GCC) national looking to set up a business with a commercial or industrial licence on the United Arab Emirates mainland, then yes, you will need a local sponsor as a business partner. If, however, you are setting up in a free zone, or your business activity is covered by a professional services licence, a local sponsor is not required.
If your business does require a local sponsor, Virtuzone is on hand to help.
First, you’ll need to establish a mainland Limited Liability Company (LLC)—of which you retain 49% ownership with the other 51% going to the local sponsor. Rest assured, however, that profits are not split along the same lines and your local partner will have little-to-no say in the day-to-day running of your company.
Finding a local sponsor in Dubai, can be a demanding process for startups and new entrepreneurs. The local sponsor must either be a UAE national (also knows as an Emirati) or a corporate entity. The corporate entity must be completely owned by UAE nationals and comprised of a board of directors.
Choosing a Local Sponsor in Dubai – The Corporate Option
At Virtuzone, we understand that many entrepreneurs find the concept of engaging a local sponsor and passing off a 51% share of their company worrying. That’s why our corporate sponsorship service is designed to give you complete peace of mind.
By partnering with Virtuzones service agents, there’s no need to spend time searching for and building a rapport with an individual. Instead, we’ll provide a premier corporate nominee to act as your 51% local sponsor in Dubai.
Our main objective is to give you 100% financial and operational control, while protecting your shareholder rights in your Limited Liability Company company. The agreements and documents we use are drafted by first-tier legal counsel, and have been tried and tested for over a decade. We’ll make sure you’re armed with all the documentation you need to protect your business and secure the financial rights of your business.
Corporate sponsorship offers the same advantages as dealing with an individual sponsor, while providing services that are designed to address the challenges that can arise. With Virtuzone’s corporate sponsorship service, you’ll benefit from:
1. No interference from the sponsor
With corporate sponsorship, entrepreneurs maintain complete control over their business, despite the local sponsor holding a narrow majority of the company shares.
As a rule, corporate local sponsor does 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
We’ll do all the heavy lifting—that’s what makes us the premier business setup consultants in Dubai and the UAE. Virtuzone is a one-stop-shop for company formation. We manage the process from start to finish, meaning you don’t have to meet with countless government department authorities to get your business up and running.
3. In-depth proactive contracts
Side agreements are often a difficult part of the process. Luckily, this is another area in which corporate sponsorship may be advantageous. Many corporate sponsors offer detailed contracts drafted by first-tier legal counsel, so that the rights of the business owner and their shareholders are fully protected.
Virtuzone provides a premier corporate nominee to act as your 51% local sponsor in Dubai. Our main objective is to give you 100% financial and operational control, whilst protecting your shareholder rights in your LLC company. The agreements and documents used are drafted by first-tier legal counsel, and they have been tried and tested for nearly 10 years and adapted over time to remain cutting edge. We believe our corporate nominee is the best available product in the market when it comes to finding a local sponsor. Our sponsorship services will provide you with all the documentation to protect your business and secure the financial rights of your company.
Operating since 2009, our team of 100 employees provides the combined resources necessary to deliver ongoing support in company formation, licence renewal, visa services and much more. We are truly a one-stop shop for company formation and our clients appreciate having a dedicated service agent to assist with all their corporate services needs.
In addition to LLC companies we are able to assist you in establishing any of the below entities in the UAE mainland:
- Representative Office
- Sole Establishment
- Civil Company