Local sponsors should be UAE nationals with a valid Dubai passport. Local sponsors can hold 51% of the profit of the company.
Here the sponsorship is provided by the corporate company or firm. The corporate can hold 51% share of the foreign entrepreneur. This type of sponsorship mainly works for LLC.
Dubai is one of the largest business hubs with a favorable location and top-notch facilities. Every expat can start a business here easily. Mainly there are three zones in UAE to set up business: Mainland, Freezone, and Offshore.
Learn MoreIf sponsorship is provided by an individual UAE resident, then it is individual sponsorship. Here, individuals can hold 51% of profit, and the rest 49% is shared among other stakeholders. This sponsorship is suitable for commercial industries or businesses.
Learn MoreIf you need to start a professional business in Dubai, you can acquire a local resident as a local sponsor, who will act as your local service agent.
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