Our Sponsorship Management Services team consists of extremely talented professionals with a wealth of sponsorship expertise who will provide you with high-quality guidance and practical help.

According to Commercial Companies Federal Law No: 2 of 2015, a foreigner establishing a firm on the UAE Mainland requires a UAE native to act as their local agent. In Dubai, a local sponsor might be either an individual UAE person or a business organisation. However, choosing the proper sponsor is critical to the survival of your business; that is why we analyze a variety of factors before recommending or providing our customers with a local sponsor in UAE, saving time and needless back and forth.

For international business owners, setting up a shop in Dubai or anyplace else in the UAE might be challenging due to their ignorance of regional laws and regulations. The UAE government has made it obligatory for a foreign businessman to have a local sponsor with a Mainland business setup in order to address these challenges.

A local sponsor in the UAE is a citizen of the nation who owns at least 51% of the firm and will assist your business with any legal matters.

The procedure of hunting for a local sponsor for your company creation in Dubai might be difficult enough on its own.

What to Look For When Choosing a Local Sponsor?

Before hiring a local sponsor, there are numerous factors to consider. When establishing a business in Dubai, you must ensure that your chosen sponsor is a local; otherwise, they will have to travel back and forth to sign and approve official documents.

You should also investigate your sponsor’s background and previous business dealings to ensure they are legitimate and trustworthy. It’s also critical to spell out all expectations, duties, and fees in writing before entering into any sponsorship agreement.

When you work with Bestex, we handle all of this and more for you, giving you complete confidence in your sponsorship arrangement.

Roles of a Local Sponsor in the UAE

The local sponsor in the UAE is not only responsible for sharing the company’s shares. 

However, he is also in charge of the following important transactions:

• • •  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