To comply with the provisions of the UAE Companies Law, a UAE national need to acts as a “Local Sponsor” for a Limited Liability Company. The local partner must hold the majority equity holding of 51% or more where foreign equity in the company may not exceed 49%. The companies often worried about coming into the market and selecting a local partner.
Local agents are also referred to as sponsors, are not involved in the operations of the company.
At Xpand, we provide reliable and trustworthy local sponsors having good relationship with all the government departments.