A UAE local agent is a local person or a company 100% owned by an Emirati person. Foreign investors resort to the UAE agent if they want to establish a company in the mainland of Dubai, provided that the UAE agent does not participate in any percentage of the company, except in the case of commercial activities where the Emirati agent must partake in 51% of the company’s shares. The investor does not need a UAE agent in the event of opening his activity in one of the free zones in Dubai.
The UAE local agent in the mainland must own a 51% stake in the company. They provide funding, products, or services to support staff, trade fairs, events, and non-profit or commercial organizations. Therefore, local agents support your project and bring it to light as they contribute to getting more clients.
HAM is one of the leading business consultancy firms in Dubai with more than 10 years of experience. The company also provides many accounting and administrative services that contribute to the proper completion of its business and facilitate its work. It also guarantees the rights and duties of companies from a financial and legal point of view through the diversified financial services it provides.
Local sponsor exists as a critical condition if an overseas entrepreneur wishes to open his company in the mainland of UAE. The sponsor must be a citizen of the UAE. This is not required if you plan to open your business in the free zone.
The UAE local sponsor for a mainland business must have 51% ownership of the said business. They offer funding, products, or services to boost teams, trade shows, events, and nonprofit or business organizations. So, technically speaking, local sponsors get your business exposure, besides the chance to reach new customers.
Because choosing a UAE local agent is crucial if you plan to set up your company in Dubai, you need to trust the person you select. It might be complicated at first, especially if you are not residing in the UAE, since you do not have enough connections to exploit. Therefore, you need a specialized company to choose the right and reliable local agent. Some things to consider when selecting a local UAE agent, which include:
Looking for a reliable local sponsor for your mainland company in Dubai or anywhere else in the UAE is daunting. And because HAM knows that very well, it has its approach to finding you the perfect local sponsor for your business.