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If you are unsure of the type of service you require, please answer a few simple questions in our obligation-free questionnaire and we will tailor-make a solution for your requirements.
Dubai Limited Liability Company IncorporationThere are two types of Dubai companies open to incorporation for foreign investors or investors who are not citizens of the UAE. Depending on the business activity that the company wishes to pursue, the Dubai authorities will indicate the type of legal structure that the company can take. No matter what type of legal structure the company in Dubai assumes, the company will always require a local Dubai sponsor or a national or citizen of the UAE in one of two legal forms.
What our Local Sponsors can do for youAt Fortunum Investments Ltd., we have a panel of reliable and trustworthy local sponsors. Our sponsors range from local UAE nationals who can expedite the various business requirements for you to sponsors who can give you tremendous clout and visibility by being a member of your board. Some of our sponsors are business tycoons and the mere mention of their names will bring immediate recognition and respectability to any new business venture in Dubai. This is crucial when approaching various government departments for permits, or approaching banks for credit facilities. If you are unsure of the type of Dubai company structure, allowed for your proposed business activity, please answer a few simple questions in our obligation-free questionnaire and we will tailor-make a solution for your requirements.
Dubai LLC or Dubai Limited Liability CompanyA Dubai Limited Liability Company or Dubai LLC sometimes written as (L.L.C) is a recognized legal company formation structure in Dubai. If the nature of your business activity in Dubai requires that we have to incorporate your company with this structure, the local sponsor will usually hold a 51% stake in your company and you will hold the 49% stake in the company. There are some business activities such as banks or money-exchange firms that require a higher percentage of holding by the local UAE national sponsor and these are dictated by the Dubai authorities from time-to-time. Please spare a couple of minutes to answer a few simple questions regarding the nature of your business activity and we will follow up with a full proposal and potential sponsors for your Dubai Company.
The role of the Local Sponsor in a Dubai LLC or Dubai Limited Liability CompanyIn a Dubai LLC or Dubai Limited Liability Company a local UAE sponsor is therefore a partner in your business. In technical terms he is a director on your company's board. However, this does not mean that you do not have management control of your Dubai business. There are a lot of businesses in Dubai where the local UAE sponsor plays an active role in the day-to-day running of the business for a percentage of the profits.
Silent PartnerHowever, a larger portion of Dubai Limited Liability Companies use the local UAE sponsor as a "silent partner." In this arrangement, the local UAE sponsor is usually paid an annual "sponsorship fee" in return for giving up management control of the company to the foreign investor. However, legally, the local UAE sponsor still holds a majority stake in your business.
The Perfect Local SponsorThis is why finding the right local UAE sponsor is crucial to the success of your business. At Fortunum Investments Ltd., all our local UAE sponsors are personally known to our directors and we propose them as sponsors only after we have successfully dealt with them over several years. This gives us unique understanding of their personality and character. As a result we can confidently recommend our panel of sponsors to investors such as you.
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