The Department of Economic Development (DED) is responsible for all mainland licensing and initiates with a mission to contribute to economic planning and business sector regulation by recommending policies and preparing development programmes and projects by developing the best resources possible.
An investor may choose to register its company in either Dubai LLC or Abu Dhabi LCC. Business 4 Business Consultancy is a reliable partner to help you acquire and secure a license in UAE.
Local sponsorship is a compulsory condition for an investor of foreign national who wants to establish a business in the UAE mainland. A local sponsor is a UAE national who acts as your partner for your business with corresponding annual fee basis depends on the type of business and agreement. This condition doesn’t apply to free zones.
The Shareholding structure for UAE Mainland will be — the Emirati holds a 51 percent shares and a 51 percent liability of the company.
Being a mandatory requirement for Mainland Company Setup, it’s a real, inevitable challenge for foreign investors to find the right and reliable local person, appropriate for their line of business.
B4B can help you find your right local sponsor.