With a cutting-edge infrastructure, investment-friendly market, state-of-the-art business facilities, focus on foreign direct investment, Dubai has become one of the best places where you can start your business.
However, if you are an expat, you might not be too familiar with the regulations, norms, policies, and laws that affect business operations. This is the main reason the Dubai Government recommends every foreign businessman or entrepreneur to have a local sponsor for them to establish a business in mainland Dubai.
Local sponsor refers to dormant partners (nominee shareholders) and local service agents. These sponsors should have a family book, a valid Dubai passport, and of course be a UAE national. By law, they are mandated to hold either a share in your company or be an agent, which will be decided on mutual agreements and based on the license setup.
There are various types of local sponsors in Dubai: the corporate local sponsor, individual local sponsor, and local service agent. How you choose a sponsor would depend on the nature of your company & license, the industry where your company falls into, size of company, and your budget.
Local sponsors are an indispensable aspect of your business if you are planning to put up a company in mainland Dubai. Before you hire a local sponsor, you need to do a thorough background check. Pay special attention to the residency of the local sponsor, his/her family background, and history of work.
We can help
If you want to make sure that you have chosen the right local sponsor, you need to obtain expert business consultation.
This is where we come in.
We, at Austria Business Center, understand how starting a business can be overwhelming and at times. You are already thinking about a lot of things and finding a local sponsor is the least of the things you want to worry about.
Let us handle this for you. We are fully dedicated to taking the stress off from finding the best sponsor for your business. So, you can simply relax and be confident that you made the right choice.
Austria Business Center has an extensive list of local contacts who can provide instant and effortless sponsorship. We can provide you with local sponsors who can help you meet all the legal requirements of starting a business and representing you to the relevant government authorities.
Austria Business Center has a proven track record and experience of efficiently helping clients start their business. They have been trusted by hundreds of business owners throughout Dubai and will surely get your company off the floor in the most cost-effective and quickest way possible.