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LOCAL OR CORPORATE
SPONSORSHIP
CHOOSE THE RIGHT DUBAI MAINLAND LICENCE
Our corporate nominee sponsorship program enables you to retain 100% beneficial ownership, along with complete operational and financial control over your business.
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Setting Up Your UAE Company Starts with Virtuzone
One of the most common questions from first-time entrepreneurs in Dubai is whether a local sponsor (nominee shareholder) is required. The answer depends on several factors, including your nationality and the type of business you plan to establish.
If you are a non-Gulf Cooperation Council (GCC) national aiming to set up a business with a commercial or industrial license on the UAE mainland, you will need a local sponsor as a business partner. However, if you are setting up in a free zone or your business activity falls under a professional services license, a local sponsor is not required.
For those businesses that do need a local sponsor
Virtuzone can assist you. You will need to establish a mainland Limited Liability Company (LLC), where you retain 49% ownership while the local sponsor holds 51%. It’s important to note that while the local sponsor holds the majority stake, profits are not divided based on ownership, and the local partner will have minimal involvement in the day-to-day operations of your company.
Finding a local sponsor in Dubai can be a challenging process for startups and new entrepreneurs. The sponsor must be a UAE national (Emirati) or a corporate entity entirely owned by UAE nationals, with a board of directors also composed of UAE nationals.
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Choosing a Local Sponsor in Dubai – The Corporate Option
At Dawleygroup, we recognize that many entrepreneurs may feel uneasy about engaging a local sponsor and ceding 51% of their company’s shares. To address these concerns, our corporate sponsorship service is designed to offer complete peace of mind.
Instead of spending time finding and building a relationship with an individual sponsor, you can rely on Virtuzone to provide a premier corporate nominee to fulfill the 51% local sponsor requirement in Dubai.
Our goal is to ensure you retain 100% financial and operational control while safeguarding your shareholder rights within your Limited Liability Company (LLC). The agreements and documents we utilize are crafted by top-tier legal counsel and have been proven effective for over a decade. We will ensure you have all the necessary documentation to protect your business and secure your financial interests.
Advantages
Corporate sponsorship provides the same advantages as working with an individual sponsor, but with added services designed to address potential challenges. With Virtuzone’s corporate sponsorship service, you’ll benefit from:
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No Interference from the Sponsor
With corporate sponsorship, entrepreneurs retain complete control over their business operations, even though the local sponsor holds a majority of the company shares. The corporate sponsor generally does not participate in the day-to-day management, allowing you to oversee staff, clients, and service offerings independently. -
Simplicity
We handle all the complexities of the setup process, positioning Virtuzone as the premier business setup consultant in Dubai and the UAE. As a one-stop-shop for company formation, we manage everything from start to finish, eliminating the need for you to navigate multiple government departments. -
Comprehensive Proactive Contracts
Navigating side agreements can be challenging, but corporate sponsorship often simplifies this process. Many corporate sponsors, including Virtuzone, provide detailed contracts drafted by top-tier legal counsel to ensure that the rights of business owners and shareholders are thoroughly protected.
LLC Sponsorship
Dawleygroup offers a premier corporate nominee service to act as your 51% local sponsor in Dubai. Our primary goal is to provide you with 100% financial and operational control while safeguarding your shareholder rights within your LLC. Our agreements and documents, drafted by top-tier legal counsel, have been refined over nearly a decade to ensure they remain cutting-edge. We believe our corporate nominee service is the best available solution for securing a local sponsor. We provide all the necessary documentation to protect your business and secure your company’s financial interests.
Since 2009, our team of 100 professionals has been delivering comprehensive support in company formation, license renewal, visa services, and more. As a one-stop shop for company setup, our clients value having a dedicated service agent to handle all their corporate service needs.
In addition to LLCs, we also assist with establishing the following entities in the UAE mainland:
- Branch
- Representative Office
- Sole Establishment
- Civil Company