Arranging Reliable Local Sponsors
One of the most frequently asked question by new market entrants is whether they require a local partner (sponsor). This depends on various factors such as: nationality, business activity and type of business setup. UAE Commercial Companies Law states that a Limited Liability Company (LLC) must have at least one local partner, where they hold a minimum 51% shareholding of the LLC. Our professional corporate nominee service is the answer to your local ownership requirements. Tradex will give you complete peace of mind and is designed to safeguard your interests as you will be fully compliant with commercial laws and regulations.
Corporate sponsorship allows you to form a company in Dubai and the UAE while making sure you maintain control of your company. At Tradex, we do not use individuals as sponsors. Instead, our professional corporate nominee service provides your business with a safe and reliable option for your local sponsorship requirements. We use these companies to hold 51% of your company shares in a trust for you, so you can rest assured knowing you will receive 100% of the business profits.
BENEFITS OF TRADEX CORPORATE SPONSORSHIP
- Zero interference with your business
- Greater Protection
- Protection against sponsorship withdrawal
- Fast documentation processing
SPONSORSHIP & BUSINESS IN THE UAE
Are you an entrepreneur or investor planning to form a company in mainland UAE? The UAE provides investors and entrepreneurs the perfect hub to access the GCC and larger global markets. By now, you’ve probably come to realize in order to form a company in the mainland, you will need a local sponsor. UAE Commercial Companies Law, specifies that a Limited Liability Company (LLC) must have a local UAE partner who holds a minimum of 51% of the company shares. You’re probably thinking “Wow, how and where am I going to find a safe and trusted sponsor with no risk or involvement in my business?” However, the idea of finding a trusting sponsor for your company seems impossible. Not to worry, Tradex are here to guide you on the requirements and benefits of selecting a safe and trusted “corporate sponsor”.