In the context of Mainland LLC business setup, a crucial aspect involves the distribution of shares between foreign and local entities. The regulatory framework dictates that 51% of the company shares must be held by the assigned local business partner or corporate sponsor, while the remaining 49% is retained by the foreign investors.

According to the UAE Companies Law, establishing a Mainland Limited Liability company with foreign investment necessitates the engagement of a local sponsor. This sponsor can either be a UAE national or a corporate entity. For startups and new entrepreneurs in the Emirates, securing a local sponsor in Dubai, UAE is often a challenging task. The local sponsor, whether an Emirati individual or a corporate entity, does not interfere in the day-to-day operations of the LLC company. In return for their services, the foreign company is obligated to make an annual lump sum payment to the local sponsor in Dubai, UAE.

A corporate business partner shares similarities with a local business partner, with the key distinction being that the former is a business entity fully owned by UAE nationals, featuring a board of directors and a power of attorney acting on behalf of the corporate company. Unlike a local sponsor, the profit and revenue generated by the foreign company are not shared with the corporate business partner. Sponsorship is mandatory for various enterprises falling under the trading and commercial business category.

Finding a reliable local sponsor in Dubai or UAE can be a daunting task for businesses. Entrust this critical responsibility to Findesk Business Consultants. We connect your business with the right sponsor, ensuring a seamless integration with your business operations. Our dedicated lawyers prioritize investor rights, safeguarding their interests during contract negotiations.

Beyond corporate and local sponsorship services, Findesk offers a distinctive sponsorship package – the Ruling Family Sponsorship. Leveraging two decades of experience, we have earned the trust and cooperation of ruling family members in the UAE. The Ruling Family Sponsorship not only elevates your business reputation but also provides access to influential privileges enjoyed by ruling family members.

For comprehensive local sponsorship services in Dubai, UAE, contact Findesk today! Let us handle the intricacies of sponsorship-related requirements so that you can focus on the growth of your business. Explore the unique opportunities offered by the Ruling Family Sponsorship by reaching out to Findesk consultants for more information.