The UAE is one of the finest places to do business. With the potential in the industry and the rise of the economy, many entrepreneurs from all around the world are looking for different ways by which they can open up their business in the UAE. Dubai and Sharjah are just two of the most popular destinations for business owners. There are stores and brands from all around the world, and many others are looking for ways by which they can set up their businesses within the UAE. However, the laws of the UAE are quite different, and there are numerous restrictions for foreign owners who want to open up a business within the country.
In order to open a business within the UAE, it’s very important for you to have an experienced agent on the ground. Finding a sponsor in Dubai may seem difficult at first, but there are many companies that can help you set up your own business. In the past, there were regulations in place where all foreign owned companies operating within Dubai had to have a majority ownership of an Emirati, meaning that 51% of the business must be locally owned.
However, as times continue to change, more and more foreign businesses have begun to express an interest in setting up a business in Dubai, and a plethora of free trade zones have been set up. In fact, in certain parts of Dubai, a number of free trade zones have also been set up. Onshore businesses can also do that by setting up foreign branches as well as Sole Establishments. It’s highly recommended that you opt for the local sponsorship service offered by local companies. Some of the benefits that you get are as follows.
Benefits of Local Sponsorship Services
The biggest benefit that you get is the free sponsorship for life, thus making it easy for you to conduct business within Dubai and other Emirates without any issues whatsoever. Moreover, you will also save a considerable amount of money on administration costs. When you hire a local sponsorship service, they will handle all of the responsibilities associated with HR and administrative issues, and they will also handle government related problems that might arise. You don’t need to worry about any delays or fines being levied against your company. The entire process is 100% transparent, and the company will provide you with complete accountability as well.
Why Use a Local Sponsor?
Basically, the local sponsor will serve as an agent or a representative of your business to the Dubai government, and a good sponsor will also help you get in touch with local resources and networks that will help you grow your company and expand quickly. They have a prestigious network of contacts that they can leverage and will guide you throughout the company’s lifespan in order to help you grow your business in the best possible way. These are some of the many reasons that you should sign up with a local sponsorship service.