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.