When it comes to setting up a business enterprise in Dubai or operating a business within Dubai Mainland area, it is necessary for a foreign investor to appoint a local sponsor.Anytime a foreign investor chooses to set up a company in Dubai, UAE legislation clearly states that one local sponsor Dubai has to be appointed for all representative dealings with the government as well as the ministries.
Trusted Local Sponsor in Dubai
The local sponsor is also going to help in getting all the paperwork done. The local sponsor can be a UAE national or an Emirati who can act as the service agent for a business based in UAE. The local sponsor is also referred to as the sleeping partner of that company which it represents.Since having a local sponsor Dubai is a mandatory requirement, foreign investors should try and find the best local sponsor for their business in Dubai that is appropriate for their business sector. Getting a local sponsor is crucial for Mainland Company Formation in UAE and it can help a business in more ways than one. Typically a local service agent has no interest or plays no particular role in the business. However, the local sponsor is appointed only for the purpose of interacting with the government authorities and departments for obtaining the immigration and labor approvals, visas as well as for completing other important paperwork and formalities for the company.
In order to get a local sponsor for a business, a company should get in touch with business setup consultants in Dubai. These service providers can not only help with mainland Dubai company formation but also help the company to get local sponsor Dubai for their business needs. The business setup consultants in Dubai can also guide their clients in every possible way regarding how they can benefit from having a local sponsor for their enterprise.