Local Sponsorship / Service Agent

As per the UAE Companies Law, the business setup of a Mainland LLC Company that includes foreign venture mandate the inclusion of a Local sponsor. The colleague should be a UAE national or a corporate entity. A Local sponsor/ Service agent is a UAE national or a citizen of UAE (privately known as Emirati). The Local sponsor doesn’t meddle in the everyday activities of the LLC organization. The Company should pay an amount each year for the administrations offered by the Sponsor. A corporate business partner is a corporate entity completely owned by UAE nationals and contains a board of directors. A Power of attorney (POA) acts on behalf of corporate organization.