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Professional Corporate Nominee Services – What You Need to Know
Published on February 9th, 2020.
As the UAE continues to serve as a global hub for international trade and commerce, entrepreneurs and foriegn investors are taking advantage of the opportunity to expand their operations in this thriving economy. However, when it comes time to set up their business, there are many questions to navigate, including partnership requirements.
Foreign investors looking to open a business or carry on trading activities in mainland UAE are required to incorporate a Limited Liability Company (LLC). However, UAE Commercial Companies Law stipulates that an LLC must have a local UAE partner who holds a minimum of 51% of the company shares. This stipulation can prove worrisome for foreign organisations or entrepreneurs who seek to retain full control over their investment.
At Creation Business Consultants, our professional corporate sponsor & nominee service provides your company with a safe, secure, and reliable option for your local sponsorship requirements.
Designed to provide you with complete peace of mind, corporate sponsorship safeguards your interests while ensuring you are fully compliant with commercial regulations and laws. Best of all, corporate nominee services allow you to form a company in mainland UAE while maintaining 100% control of your company.
At Creation, we do not use individual sponsors. Instead, Creation controls and manages several 100% Emirati owned companies to facilitate a corporate nominee partnership. We use these Creation companies to hold 51% of your company shares in a trust for your organisation. This allows your company to meet all local partnership requirements while maintaining 100% control of your company and business profits.
Benefits of Professional Corporate Nominee Services
There are several benefits to partnering with a trusted agency to meet your corporate sponsorship requirements in mainland UAE.
- Full Company Control – With corporate sponsorship, entrepreneurs and foreign investors maintain complete control over their business. With corporate sponsorship, sponsors never become involved in the day-to-day operation of running your company. This allows business owners to maintain full management of their clients, employees, and service offerings.
- Full Financial Control – Unlike a local partnership, where the sponsor receives profits from the business, corporate nominee services allow investors to maintain 100% of their profits.
- Clearly Defined Partnership Agreements – Your business is more protected and secure using a corporate sponsor. At Creation, we provide your company with a detailed suite of security agreements to protect the 49% shareholders interests from any unnecessary risks.
- Risk Management – With a corporate sponsor, you will never deal with an individual sponsor. Corporate sponsorship is handled by a team, which eliminates the risk of ownership problems due to an individual’s early retirement or death.
CREATION BUSINESS CONSULTANTS YOUR COMPANY (LLC)
51% Shareholder 49% Shareholder
Zero Company Involvement
Full Company Control
No Financial Rights
100% Financial Benefits
No Voting Rights
Full Control of Company Voting Rights
Side agreement to give greater protection to the foreign shareholder
CREATION BUSINESS CONSULTANTS
Selecting the right corporate partner for your business is an important decision. At Creation, our professional corporate nominee services are designed to help you expand your business into the UAE while maintaining 100% control of the business you’ve worked so hard to build. Our team takes the time to fully assess your company’s needs to ensure we meet your specific organisational requirements.
We take pride in helping business owners from around the world to successfully set up their companies in Dubai and the UAE. Regardless of the size of your company, we will provide expert advice and solutions designed to make sure you maintain control of your business.
Contact a member of our team today to schedule your free consultation.