When a foreign company is all set to start a Dubai based business set up, there are a set of policies and license formalities governing the same. Cosmohub management consultancy helps with specialized services including Local sponsor service towards setting up a company in Dubai, UAE and we provide the best offshore services to help the teaming number of foreign companies have a branch in Dubai.
Dubai as we understand is a global market that allows businesses from all over the world to flourish and earn loads of profit. The fact that a foreign company gets to enjoy the benefits of operating in a 100 % tax free Zones in Dubai and other UAE countries is quite a blessing. With the emphasis on diverse business peripherals in the most happening city of Dubai, the acceptance of the foreign companies has also grown high. While the initial formalities are taken care by our expert team, we also help with Local sponsor service which is a very essential aspect for a business to sustain in the Dubai market. By helping arrange for local sponsor in Abu dhabi to the professional enterprises, we ensure that the company formation requirements are met with utmost assurance for those who are looking for UAE local sponsorship.
The benefits of our Local sponsor service make a lot of significance to any foreign company intending to set up business in Dubai mainland. Apart from the DED (Department of Economic Development) Mainland license, that is very important to set up business in the Free Zone areas, a UAE sponsor (above 21 years of age) also required to continue with smooth business in the city. In such a case, the sponsor holds 51% of the share and as per the terms of the memorandum the sponsor has a right to entrust the operations or profit sharing in the name of the foreign company by way of power of attorney. While Cosmohub helps in connecting with a credible local sponsor through our focused Local sponsor service package, the role of the local sponsor will be to help the foreign with respect to trade licenses, visas and other official paperwork.
The purpose of availing a customized local sponsor service is to complete the Dubai business set up formalities without any hassle. We have the highly experienced team to look into complying with all the requirements to help a foreign company set up business keeping all the legal formalities in mind.
For a freezone company set up in Dubai, a local sponsor is compulsorily appointed as the UAE legislation states that a local sponsor should be appointed for representative dealings with the ministries and the UAE government for various paper works.
The local sponsor is an Emirati or UAE national who acts as a service agent for your business in the UAE. Being a mandatory need, it’s an inevitable challenge for foreign investors to find the right local sponsor who is appropriate for their line of business. Cosmohub assists you in successful company registration in Dubai by finding a reliable UAE national to act as your local sponsor or local service agent. Being one of the best business set up consultants in Dubai, we specialize in offering back-to-back solutions which include licensing, local sponsorship and office set up in Dubai.