With a strategic location on the world map, the nation facilitates cross country trade. Simple rules and regulations, hassle free documentation work and years of agile experience has transformed the country into a trading powerhouse
In UAE, it’s mandatory to have a local sponsor (UAE national) when setting up a new business. A company must have legal documents to show that 51% of the shares is owned by a local.
The Sponsor is a sleeping partner and is only required to fulfill the legal requirement. The sponsor has no rights on the business management, turnover or profits.