Who is a local sponsor in UAE?

A local sponsor is an Emirati or a UAE national with a family membership card (Gincia), who acts as your service agent for your business in the UAE.

As per the UAE Companies Law and UAE Civil Law, to form a limited liability company (LLC) in the mainland a minimum of 51% local share is a must. A foreign share in such kind of company should not exceed 49% however, distribution in the profits shared can be mutually agreed between the parties.

How will Al Nuaimi Auditors help you get a local sponsor?

Al Nuaimi Auditors assures 100% assistance in obtaining an authentic, genuine, well-grounded and reliable UAE national or an Emirati in order to act as your local sponsor.

The side agreement made between the investor and the local sponsor shall be registered in the court by the notary public where it shall be mentioned on the amount you should be liable to pay him on a yearly basis or as it has been agreed between both the parties. The local sponsor then shall be representing will all the dealing in front of Dubai government.

What is the role of a local sponsor?

Local sponsor is not only responsible to share the shares in the company. But instead he is also responsible for some important dealings as mentioned below:

  • Cancellation of employees work visa
  • Cancellation of the labor status for employees
  • Closing the bank accounts
  • To settle any outstanding debt if there is any
Why should you choose Local Sponsor Service?
  • 100% reliable assistance
  • Support and guidance on registration, licensing and office set-up
  • Saves time and money
  • Proper work progress
  • No suspensions and extra cost

Investors and company formation in the UAE are a thriving business in this country. Business magnates from all over the universe choose UAE for investment and forming a company in the UAE. ‘Local sponsor is a general term used in the UAE to refer to local service agents when you form a company in the mainland with foreign investment.

Ahmed Saleh Al Nuaimi Auditors and Accountants is a unique, high-spirited team of Certified Public Accountants ,  Chartered Accountants ,  Certified Management Accountants and Auditors making creative and innovative contributions to our clients and our community. The insights and quality services we provide help build trust and confidence among our clients. We offer an integrated array of specialized services including Audit, Accounting,Tax, Consulting and Advisory

Head Office

Office No.215, Abdulla Ahmad Mohammed Bin Fahad 4, Al Qusais 2, Dubai, UAE

Tel: +971 43 23 1183
Mob: +971 55 899 5971
E-mail: mail@alnuaimiauditors.com

Sun-Thu: 8:00 – 6:00
Sat: 8:00 – 6:00

Ras Al Khaimah

B01_G08, BU01
Al-Hamra Industrial Zone
Ras Al Khaimah, UAE

Mob: +971 55 899 5971
E-mail:mail@alnuaimiauditors.com
Web: www.alnuaimiauditors.com

 

Bahrain

Suave Besto Consultancy WLL 708B , Road No 1513 , Block 215 Muharraq , Bahrain.

T: +973 3944 2143 | +973 3396 2350
E-mail: mail@alnuaimiauditors.com
Web: www.alnuaimiauditors.com

 

India

No:55 and 55/1,
6th Phase, JP Nagar
Bangalore, Karnataka

Tel: +91 80 412 02633
Mob: +971 55 899 5971
E-mail: mail@alnuaimiauditors.com
Web: www.alnuaimiauditors.com