Company Sponsorship
Company Sponsorship
As per the FEDERAL LAW NO: 2 of 2015 ,When a foreigner intends to setup a business in UAE ,Its mandate to have the local person as their sponsor. There will be a UAE National or Emirati, who is also known as a silent partner or a local sponsor will enact as a local service agent in UAE. We provide the right local sponsor for any kind of company formation in UAE who will be you’re the best ambassador in the best possible manner. Considering your business needs and personality we hunt for the sponsor who meets your standard and business needs so that there will be no more conflicts in the future .It saves much of your time and unnecessary back and forth.
At Kalari Group of Business Development we offer you with multiple options that you can decide on your own need. Here are the different types of sponsors
Individual Sponsor
Getting an Individual sponsor is a very easy and simple process. Because the induvidual has to be the citizen of UAE and aged over 21. That person can be of any gender. It is not mandate that the sponsor should be from the same business background. The sponsor should be a professional and educated, own a business or hold a government job.
Advantages:
- It has scope for enhanced business oppurtunities through the local sponsor
- It is simple to accomplish official formalities
- It is a cost effective means of sponsorship option
Corporate Sponsor
It is suitable for L.L.C. based in UAE. In such case, the corporate establishment plays a role of individual sponsor.51% of the company’s total share is owned by corporate entity and the remaining 49% is enjoyed by the foreign national. It comprises of a Director board and a power of attorney.
Advantages:
- Due to stringent norms and cntracts, it enhances legal security
- No chance for uncertainity
- Individual misunderstandings will not occur
Local Agent Sponsor
The local service agent or LSA is a UAE national. They do not hold any ownership rights in the business and they could not take part in the day- to-day activities or affairs.100% ownership rights are held by the foreign national. They act as an intermediate between the company and government agencies and oversee the official talks and business meeting, on behalf.
Advantages:
- Appointments can be made online
- On behalf of us they handle all administrative task related to government agency
- 100% full ownership benfits