Solutions >> Sponsor & Kafeel
solutions
Dubai / Sharjah / U.A.E Sponsorships
There are two types of Dubai companies open to
incorporation for foreign investors or investors who
are not citizens of the UAE. Depending on the
business activity that the company wishes to pursue,
the Dubai authorities will indicate the type of
legal structure that the company can take. No matter
what type of legal structure the company in Dubai
assumes, the company will always require a local
Dubai sponsor or a national or citizen of the UAE in
one of two legal forms.
What our Local Sponsors can
do for you
At Al Razzaq LLC, we have a panel of
reliable and trustworthy local sponsors. Our
sponsors range from local UAE nationals who can
expedite the various business requirements for you
to sponsors who can give you tremendous clout and
visibility by being a member of your board. Some of
our sponsors are business tycoons and the mere
mention of their names will bring immediate
recognition and respectability to any new business
venture in Dubai. This is crucial when approaching
various government departments for permits, or
approaching banks for credit facilities. If you are
unsure of the type of Dubai company structure,
allowed for your proposed business activity, please
answer a few simple questions in our obligation-free
questionnaire and we will tailor-make a solution for
your requirements.
Dubai LLC or Dubai Limited
Liability Company
A Dubai Limited Liability Company or
Dubai LLC sometimes written as (L.L.C) is a
recognized legal company formation structure in
Dubai. If the nature of your business activity in
Dubai requires that we have to incorporate your
company with this structure, the local sponsor will
usually hold a 51% stake in your company and you
will hold the 49% stake in the company. There are
some business activities such as banks or
money-exchange firms that require a higher
percentage of holding by the local UAE national
sponsor and these are dictated by the Dubai
authorities from time-to-time. Please spare a couple
of minutes to answer a few simple questions
regarding the nature of your business activity and
we will follow up with a full proposal and potential
sponsors for your Dubai Company.
The role of the Local
Sponsor
In a Dubai LLC or Dubai Limited Liability
Company a local UAE sponsor is therefore a partner
in your business. In technical terms he is a
director on your company's board. However, this does
not mean that you do not have management control of
your Dubai business. There are a lot of businesses
in Dubai where the local UAE sponsor plays an active
role in the day-to-day running of the business for a
percentage of the profits.
Silent Partner
However, a larger portion of Dubai
Limited Liability Companies use the local UAE
sponsor as a "silent partner." In this arrangement,
the local UAE sponsor is usually paid an annual
"sponsorship fee" in return for giving up management
control of the company to the foreign investor.
However, legally, the local UAE sponsor still holds
a majority stake in your business.
The Perfect Local Sponsor
This is why finding the right local UAE
sponsor is crucial to the success of your business.
At Al Razzaq LLC., all our local UAE sponsors are
personally known to our directors and we propose
them as sponsors only after we have successfully
dealt with them over several years. This gives us
unique understanding of their personality and
character. As a result we can confidently recommend
our panel of sponsors to investors such as you.
Please
contact us for more information.
