The Branch/Subsidiary of a foreign company in UAE must be registered with the respective Government authorities in UAE.

Branch Office Vs. Subsidiary

Branch Office is an extension of an existing business and is not a separate legal entity from the Parent Company. Also, the Branch Offices are eligible to conduct the same business activities as of their parent company in UAE.

On the other hand, a Subsidiary company is considered to be separate from the Parent Company as a legal entity. The subsidiary company is eligible to conduct any desired activities as per their trade license in the UAE.

How to Setup a Branch Office/Subsidiary in UAE?

The business operations of a subsidiary company must be carried from UAE and it has 100% liability for its actions, business activities, and management.

A Branch Office/Subsidiary can be formed in two of the business jurisdictions of UAE – The Free Zones, & Mainland.

The setting up process of a Branch office/Subsidiary is a simple and hassle-free process.

Our team will assist you in the company formation by preparing the right documentation, coordinating with the Government authorities for approvals, arranging for bank account opening, and more.

Document Attestation For Setting Up Branch / Subsidiary Office in UAE

The registration of Branch Office or Subsidiary Office requires attestation of the 4 main company documents from the UAE Embassy in the home country of the parent company as well as counter-attested from the Ministry of Foreign Affairs in UAE.

The attestation fees from the Ministry of Foreign Affairs per document is approximately AED 2000 (USD 545) per document in UAE.

The equivalent amount would be required for attesting the parent company documents from the UAE Embassy in the home country of the Parent Company.

Documents Required for Setting Up Branch Office in UAE

Documents that must be Attested by the Government Authorities in the Home Country and UAE

• Certificate of incorporation/ Memorandum of Association (MOA), Article of Association (AOA)
• Board Resolution stating the formation of a Branch Office/Subsidiary
• Parent Company Good Standing Certificate
• Power of Attorney in Favour of General Manager giving him the rights to open/operate/Management Bank Accounts on behalf of the Parent Company

Supporting Documents Required for Branch/Subsidiary in UAE

There are a few more mandatory documents required to set up a Branch Office in UAE which are:

• Trade Name Reservation Application Form
• Director/Investor/Manager Passport Copy
• Audited Accounts of the parent company for the last two years
• A statement listing out the company’s business objectives, plan, major operation activities
• Attested agreements with the Local Service Agent (LSA)
• Required Government Approvals (if any)

Benefits of Establishing a Branch/ Subsidiary in UAE

• 100% ownership to foreign investors
• Tax savings as there is no corporate/income tax in UAE
• UAE Resident Visa and corporate/personal bank account
• Confidentiality in business
• Very low import duty (5%) in the mainland of UAE
• Reduce the administrative burden of managing a large multi-national company
• Separate auditing, bookkeeping, and decentralize global offices for enhanced management
• Cost-effectively enter new market territories. There is no share capital requirement for a Branch Company in UAE. hence, investors can grow their business with a minimum upfront cost.

How to set up a Foreign Company Branch in UAE? – Steps Explained

1. Choose the Right Business Jurisdiction

The foreign company must choose the respective business jurisdiction – Where the Branch Office needs to be setup – Mainland, Free Zone, Offshore.

For setting up in the mainland in UAE, there is a mandatory requirement of appointing a Local Service Agent to liaise the administrative works with the Government Authorities.

2. Identify the Local Service Agent

The Local Service Agent is appointed for one year for a yearly fee. The contract is renewable every year with a provision to change the agent in case of any disagreement.

For Free Zones and Offshore, there is no requirement of appointing a Local Sponsor, and the Manager/Director will be the authorized person for conducting the business activities of the Branch Office.

An experienced Business Consultants such as AURION will assist you with the documentation approvals, visa processing, bank account opening assistance, and more.

3. Reserve a Trade Name

The Branch Office must have the same name as the Parent Company in the Home Country.

To get the name approved, the application has to be submitted to the Department of Economic Development (DED) in the case of Mainland Company.

The application must be submitted to the respective Free Zone/ Offshore authority if the investor is choosing these jurisdictions for the setup

4. Document Attestation from UAE Government Authorities

The company documents must be attested by the UAE embassy in the home country and also counter-attested by the Ministry of Foreign Affairs in the UAE.

The following documents are to be attested by the UAE Authorities in Home Country as well as counter-attested in UAE.

• Certificate of incorporation/ Memorandum of Association (MOA), Article of Association (AOA)
• Board Resolution stating the formation of a Branch Office/Subsidiary
• Parent Company Good Standing Certificate
• Power of Attorney in Favour of General Manager giving him the rights to open/operate/Management Bank Accounts on behalf of the Parent Company

5. Obtain License from Respective Government Authority

Submit the attested documents along with the supporting documents to the respective Government Authority for obtaining the Branch Office License.

There is a fee to be paid to the authorities along with the document submission. Post assessment of documents, the Branch Office License will be issued to the investor.

6. Fulfill Administrative Requirements

Now, the investor can apply for a UAE residence visa, open a corporate bank account, appoint Director/General Manager, recruit employees, process immigration cards, Labour contracts, expand office space, and conduct business in the UAE.

To know more about Opening a Branch Office/Subsidiary in UAE, talk to our expert Business Consultants right away!

Contact: Aurion Business Consultants

The post How to Setup a Foreign Company Branch/Subsidiary in UAE? appeared first on AURION.

RAK is investing heavily in infrastructure and industrial setups such as warehouses, office buildings, business parks, etc., to transform it into one of the busiest places to do business in UAE.

There are several factors driving the business infrastructure investment in RAK. The liberal government policies towards business set up by foreign investors is a major reason for the rapid growth of RAK into a business hub of UAE.

Type of Business Setup in RAK

The business setup in RAK is similar to the processes followed in Dubai, and the other Emirates of UAE. To conduct any form of trade in UAE be it online or physically, one must be having a valid trade license here in UAE.

In RAK there are three types of business setup options available for investors. It is the Mainland, RAKEZ Free Trade Zone, and the RAKICC Offshore (operating at the same premises of RAKEZ Free Trade Zone).

Specialist Consultants such as AURION is well equipped with the latest business laws governing the business setup in RAK and the whole of UAE.

In RAK, there are several Business License Types Available:

• Industrial License
• Commercial License
• General Trading Licensee
• Professional License
• Ecommerce License

Advantages of Setting Up a Company in RAK

• Long term good relations with neighboring emirates
• Trust among the local population and business-friendly measures by the RAK Government
• Ease of setting up a company in RAK
• No personal or income tax
• No trade barriers for international trade
• No customs duty on imports into RAKEZ
• Corporate friendly business laws and framework to promote trade and economy
• 100% foreign ownership and profit repatriation
• World-class infrastructure, fully furnished office spaces,
• Easy access to the Sea Port – Port Saqr is one of the prominent ports of UAE facilitating global trade

1. RAK Economic Zone (RAKEZ)

The Ras Al Khaimah Economic Zone is a popular investor destination mainly for trading companies.

There are customizable warehouse facilities and plots of industrial land for development. Also, there are spaces for staff accommodation, all at an affordable package.

Custom Made Office Space, Warehouses and Industry Facility

RAKEZ also offers a host of business activities for the investors and suitable office spaces ranging from Flexi-desk to fully furnished offices.

To cater to a wide audience group of investors with varying business activities, the RAKEZ Free Trade Zone consists of three Industrial Zones.

They are specifically built for establishing large scale, heavy-duty manufacturing, and light manufacturing industries. RAKEZ also has two Business Centres for Small and Medium Companies and freelancers.

To know more, read about: RAKEZ Free Trade Zone

2. RAKICC Offshore

The RAK International Corporate Centre (RAKICC) is the Corporate Registry operating in Ras Al Khaimah, UAE that governs the offshore (International Business Companies) company formation and allied services.

RAKICC is one of the most trusted and secure jurisdictions for setting up an International Business Company.

Types of License Categories in RAKICC

There are three types of license categories in RAKICC for Offshore Company setup.

• Company Limited by Share
• A company limited by Guarantee
• Unlimited Company

All these companies have distinct characteristics and are formed for various purposes. The companies can be structure into:

• Holding Company (Limited by shares)
• A Tax-Saving Mechanism (unlimited),
• Tenant Associations (limited by guarantee), real estate development companies, etc.

There is a wide range of business activities such as general trading, consulting, construction, marketing, manufacturing activities, etc., available in RAKICC.

It is to be noted that companies operating in RAKICC Offshore can only conduct international trade and not directly sell inside UAE.

Also, the Offshore Company is out of the purview of local UAE legal laws and governance and there is no resident visa issued under the offshore company in UAE.

RAK Premium Product Package – Host of Investor Benefits

RAK Premium Product Package allows RAKICC Company to set up a subsidiary in RAKEZ and carry out activities onshore in UAE. Also, the RAKICC Company is now eligible for property purchases in Dubai under the company name.

Read to know more: How to Purchase a Property in Dubai through a RAKICC Company

Hence, there are several key advantages for the investors to register an offshore company in RAKICC. The choice has to be made with thorough research on the limitations too. With the premium package, offshore company investors can enjoy the onshore status, conduct business in UAE, rent out space in RAKEZ, apply for a bank account, continue business locally and internationally.

3. RAK Mainland Company Formation

RAK is allowing 100% foreign ownership in the mainland. In measures to promote trade and drive in more investors. RAK has improved the ease of doing business in the mainland. RAK also allows investors to add partners and transfer ownership to new investors.

100% Foreign Investment in Mainland Companies in RAK

Companies setting up under this FDI structure will be considered national companies and will have full confidentially of technical, economic, and investment information.

The RAK Economic Zone (RAKEZ) and RAK’s Department of Economic Development (RAK DED) have agreed on a new company formation structure under the Emirates’ program.

New Company Formation Structure by RAKEZ & RAK DED

The program aims to drive in more foreign investment into key industrial sectors and services. For those business activities that fall under the eligible sectors for 100% FDI issued by UAE Cabinet, the RAK DED will reserve the trade name and issue the FDI license.

After which, RAKEZ will issue the required business license and documentation to the investors. There are huge opportunities across various industrial sectors like agriculture, manufacturing, transport and storage, food services, information and communications, healthcare, entertainment, construction, etc.

To know more about company formation in Ras Al Khaimah and the business opportunities, talk to our expert team right away!

The post Business Setup in Ras Al Khaimah (RAK) – Company Formation Options appeared first on AURION.

With the pandemic, distant learning and digitally focused learning has become mainstream. The World Economic Forum suggests that demand for technology skills will continue to grow by 20% by 2025.

Growing Technology Investments in the Education Sector of the UAE

The tech-savvy generation is highly dependent on technology and devices to fulfill their requirements. Even the educational sector has witnessed an increasing demand for technology. Innovative learning practices using Augmented Reality and other software applications is the trend now.

Technavio forecasts the education sector in the UAE to grow at a CAGR of 4.74% between 2018-2020.

How are the Future Schools Embracing Educational Technology?

1. Bridging Communication Gap

The modern education system aims at merging the communication gap between parents and teachers. Interactive apps and platforms enable busy parents to connect with teachers and view the performance of their kids on a periodic basis. It helps in providing required guidance and support to the children.

2. Re-Modeling the Classrooms

The traditional blackboard based teaching is bygone. Now it is the age of digital classrooms. The smart blackboard and activity board keeps kids engaged better.

Also, for professional education, there is an immense opportunity by bringing the internet to the classroom. The classroom is turned to a platform for solving real-world problems now with onsite consulting on technologies such as virtual reality and 3D printing.

3. Immersive Learning Experience

Virtual Reality is being widely used in educational institutions currently. It is estimated that the Global Virtual Reality Market in the Education Sector is to grow at a CAGR of 59% (2018-2022). Many universities have VR labs with applications for supporting medical students, robotics, etc., to conduct simulations, studies, and tests.  

4. Artificial Intelligence Backed Learning

Artificial Intelligence has a very huge opportunity in the education industry. AI is currently in the early phase of adoption in the classrooms. With the power of advanced analytics and AI, it will help in simplifying complex textbooks and guides into interactive smart content programs.

Also, analytics will help in identifying the kids’ liking, preferences, behavior, etc., and devise the right methods to make them actively participate in the classes. So, in a nutshell, there are immersive opportunities in the field of EdTech for entrepreneurs to conceptualize their startup ideas.

Immense Opportunity for EdTech Startup in UAE

There is an immense demand for interactive and custom content in the education sector ranging from kindergarten to professional colleges.

Comprehending information from academic books and research papers into engaging digital content is the current trend. There is a huge demand for applications and platforms that offer interactive, innovative content creation, and knowledge sharing.

Gamification increases student engagement and advanced analytics technology along with graphic design principles helps in creating platforms that will enable students to explore new concepts in an interesting way.

Digital Innovation and Technology Integration – Transforming Education System in UAE

Digital innovation and technology integration are key pillars that transform the current educational system.

The smart classroom consists of a wide range of technology solutions starting from:

• Connected Campuses
• Digital Student Records,
• Cyber Security Systems, Tablets, & Digital Collaboration Tools,
• High-Performance Research and Development Labs,
• Learning Experience Centers, etc.,

UAE is investing heavily in its education technology to bring in digital transformation in all schools and educational institutions.

How to start an Edtech startup in UAE?

As e-learning becomes the new-norm, schools and colleges are looking at interactive ways to engage the students digitally. The Edtech startups with engaging applications and software to support the online education scenario to make the sessions exciting.

Starting an EdTech company in UAE is relatively easy and follows the general company formation process. However, it requires additional approval from the Educational Department of the Emirates. For Example for EdTech company in Dubai requires approval from the Knowledge & Human Development Authority (KHDA) Dubai.

To know more, read: Starting an Education Training Centre in UAE

Dedicated Free Zones for EdTech Startups

For starting an EdTech company that supports educational institutions with smart classroom applications and products, the best choice is to go with any of the free zones of the UAE.

They offer customized all-inclusive low-cost license packages that includes company license, office space, other benefits, and access to world-class infrastructure.

The Mainland of UAE – Right for Training Centres

If the entrepreneur is interested in opening an EdTech company with a training facility, testing laboratories, and learning centers, then mainland of UAE would be the ideal choice as students can easily enter your premises.

Most of the Free Zones in the UAE are mostly gated and secure. It has the customs checkpoints and other strategic sectors at the premises that require security. Having said that, there are few free zones in UAE like the Sharjah Research Innovation and Technology Park, Dubai Knowledge Park, etc., that are dedicated to promoting educational activities in UAE.

Hence, the business prospects for an EdTech Startup is enormous in the UAE. To know more about starting and Educational Technology Startup in UAE, reach out to our expert team right away!

The post Education Technology Start-up in the UAE – Tackling the Growing Demand appeared first on AURION.

Here is a glance at the special Business License categories issued by the DED to the foreign investors for setting up their business establishments and successfully operate in the UAE.

Types of Special Business License Types in the Mainland of Dubai

1. Instant License from DED

The business Registration and Licensing (BRL) sector in the Department of Economic Development (DED) has issued 1882 instant licenses until the end of 2018. Out of the total licenses issued (87%) are for commercial and 13% for the professional category.

Instant License Issuance in Dubai

The instant license is issued within 5 min in one step. There is no requirement of a lease contract or physical office location for the first year. The instant license also offers the option of an electronic contract as an addition to the physical license and entry into the DED’s commercial registry.

Also, the licensee is given membership in the Dubai Chamber instantly as well as establishment cards of the Ministry of Human Resources & Emiratization and the General Directorate of Residency & Foreign Affairs. Four legal forms of businesses can be set up: Limited Liability Company, One person LLC, Sole Proprietorship, and Civil Company.

Instant License from DED – Characteristics

Investors have to note the following characteristics of the Instant License issued from DED. The Instant License has to be renewed every year & after the first year, the owner has to ensure the company follows the general requirements of a mainland company.

Instant License Characteristics for the first year of Business  

• No Memorandum of Association (MOA) in the first year
• No Trade name reservation – Automatic name will be generated.
• NOC from the current sponsor and a copy of UAE Residency is required.
• No signed lease contract is required for the first year

All types of companies except the Public and Private Joint-Stock Company can be formed using the DED Instant License.

Documents required

• Copy of passport of the shareholders
• Copy of residence visa and letter of no objection from the sponsor to the foreign parties

The instant license is aimed at promoting sustainable economic development in Dubai by making it easier for investors to start a business in the region.

2. Consultancy Licenses from DED

The Consultancy License is issued by the DED for various business activities as follows. However, there are some prerequisites for obtaining the Consultancy License in Dubai.

Type of Company Structure for Consultancy License

Business activities under the Consultancy License cannot take a Limited Liability Company as a legal form. They can either be incorporated as a Sole Proprietorship or as a Civil Work Company. The Business owner/director must join a training program from the American University of Dubai for qualifying as directors in the consultancy domain.

3. Dubai Municipality-related Engineering Activities

Only engineering related activities can be incorporated under this license. The company cannot form an LLC Company but a sole proprietor or as a Civil Works Company. The shareholders, owners, & partners must be having a university degree or equivalent experience in the respective consultation field.

4. Legal Consultation Activities

For Legal Consultancy, the owner has to get an approval from the Legal Affairs Department before obtaining the initial approval and the trade name from the DED. There is no requirement of appointing a corporate agent for opening branches.

5. Freelance Permit from DED

There are more than 100 activities under the freelance license offered by the Dubai Economic Department. A wide range of activities from mobile repairing, marketing services, document storage, social media, Website Design, Data entry, etc., can be chosen by the individual for applying for the freelance permit.

6. E-Trader License from Dubai Economy (DED)

It allows UAE Nationals and GCC nationals residing in Dubai to conduct social media business activities through available social media platforms. The E-Trader is registered under the single owner name and not a company. They cannot open a shop, issue visas or hire any staff.

7. E-Commerce License

Companies involved in selling & buying goods online have to apply for an E-Commerce License from the DED before they initiate any service delivery. Getting an eCommerce License from the DED is an easy and simple process.

Advantages of E-Commerce License In Dubai

The main advantage of an eCommerce license is that there is no mandatory requirement of having a physical office space in Dubai for the issuance of the license.

Also, there is no paid-up share capital required for an eCommerce venture. The requirement of a physical office comes into the picture once you wish to hire staff and grow your venture.

The digital and technology infrastructure in Dubai and the wide variety of audience demographics make it a perfect place to start an eCommerce business and scale up easily.

8. Social Media License

Social media as a platform for promoting business and trading is becoming popular.

Based on the data from the Department of Economic Development in Dubai (DED), more than 3000 licenses have been issued since 2017 for trading in social media.

Scope of Social Media License in Dubai

The DED has an e-Trader license for UAE Nationals and GCC Nationals, for ex-pats and Foreign investors they can apply for a social media license.

Also, if you are a social media influencer, apply for a social media license from DED and then get a permit from the National Media Council.

The Social Media trading Space in the UAE is regulated for entrepreneurs. Only those who have the right business Licenses are legally entrusted to do special media trading and promotional activities, else heavy fines will be levied.

To know more about any specific license types and how to apply for a business license in UAE the most comfortable way, talk to our experts right away!

The post 8 Special Business Licenses for Mainland Company Formation in Dubai appeared first on AURION.

Company registration in Dubai starts from choosing the right business activity, preparing relevant documents, applying for the business license, issuance of business licenses, and so on.

Once the business license is issued there is the processing of residence visas and corporate bank account opening for the successful operations of the business in the UAE.

Mainland Business License Types in UAE

The Business License types for Company formation in the Mainland of UAE are the following:

1. Commercial License in the UAE

Commercial License in Dubai is required for businesses involved in trading and supplying of goods like garments, textiles, dry goods & any other consumer supplies.

List of business activities under the Commercial License Category in UAE

• Mobile Phones & Accessories Trading
• Used Furniture Trading
• Trading in building materials
• Oil & gas trading
• Spare parts trading
• Gold & precious metals trading
• Trading in chemicals
• Trading in Automobile
• Safety equipment trading
• Building Cleaning Equipment Trading
• Fire Fighting & Safety Equipment Trading
• Office Furniture Trading
• Telecommunications Equipment Trading
• Computer Software Trading
• Plastic Bags & Containers Trading
• Medical Gas Trading
• Agricultural Pesticides Trading

2. Industrial License in the UAE

The Industrial license in Dubai is awarded for manufacturing or other types of industrial activities. Eg. Fabrics & Textile manufacturing, Mineral Water Bottling, Uniform Manufacturing, Plastic Bottles & Containers Manufacturing

List of business activities under the Industrial License Category in UAE

• Garments Manufacturing License
• Meat Products Manufacturing
• Dairy Products Manufacturing
• Animal & birds Feed Manufacturing
• Pastry & Sweets Manufacturing
• Fabrics & Textiles Embroidering
• Carpets Manufacturing
• Mineral Water Bottling
• Fishing Net Making
• Uniforms Manufacturing
• Plastic Bottles & Containers Manufacturing

3. Professional License in the UAE

Professional License is for individuals or business groups that deliver expertise as a service to the public.

List of business activities under the Professional License Category in UAE

• Computer Consultancy
• Insurance consultancy
• IT Infrastructure Consultancy
• Tax Consultancy
• Marketing Consultancy
• Auditing & Accounting
• Legal Consultancy
• Waste Management & Recycling Consultancy
• Public relations Management
• Project Development Consultant
• Agricultural Consultancy
• Customs Consultant
• Fire Safety Consultancy
• Construction Engineering Consultancy
• Electronic Engineering Consultancy
• Mechanical Engineering Consultancy
• Science & Technology Consultancy
• Safety Consultancy
• Advertising Consultancy

*Note: the list of business activities is mentioned here is not an exhaustive list, there are more than 3000 business activities listed by the Free Zones and DED in UAE. For more details on business activities, reach out to our business consultants.

LLC Company Registration in the UAE

Mainland Company formation in UAE or LLC company formation in UAE will allow you to trade in the local UAE market as well as expand your business activities and office spaces.

Also, you can easily employ more support staff to scale up your mainland business operations in Dubai and the rest of the UAE.

LLC Company in UAE can apply for government projects & contracts and work closely with the Government of UAE. LLC Company in UAE offers investors more flexibility and space for business growth and expansion opportunities.

Requirements for obtaining a Trade License for the LLC Company in UAE

There are certain requirements to full fill by the investors to get the trade license issued by the Department of Economic Department (DED).

LLC Company Formation in UAE – Key Steps

 The following are the steps for setting up an LLC Company in Dubai.

• Segment the business activity into commercial, industrial or professional
• Choose the related business activities that fall under a certain Business License
• Find a local partner for your business. Business consultants will help you in finding a local partner.
• Submit the application form to the Department of Economic Development (DED) for trade name and initial activity approval
• Now you can look out for a physical office location and prepare a tenancy contract.
• Prepare the Memorandum of Association(MOA) with the Local UAE Sponsor.
• Now Submit the application along with the tenancy contract and other required legal documents for the final issuance of the business license from the DED

Documents Required for the Issuance of Trade License from DED

The following documents are required for the issuance of a Trade License from DED.

• Completely filled application form signed by the authorized signatory
• DED letter approving company name
• DED attestation letter approving the setup of the company
• Tenancy Agreement for the physical office
• Shareholder’s details and passport copies.

How to Renew Business License for your LLC Company in UAE?

The following are the steps involved in business license renewal for your LLC Company in Dubai.  The trade license renewal of an LLC Company in Dubai is done through the DED.

• Check your Tenancy Contract
• Get the Licensing Approval
• Submitting the Application
• Get the Transaction Number
• Make Payment to the DED

What are the ways to renew Business License for your LLC Company in UAE?

1. Renew Business License Offline

DED business licenses can be renewed through business consultants, authorized service agents, law firms, and DED branches across UAE.

2. Renew Business License Online

Business licenses can be renewed online via the DED website and Business Consultants via online portals and government e-Services.

3. Renew Business License via Auto-Renewal

DED has set up the auto-renewal process by sending an SMS to 6969. The renewal fees will be automatically generated and a payment voucher will be sent to the registered mobile number.

The payment can be made online or offline through authorized payment channels. The renewed trade license will be sent via SMS and email to the business owner.

Mainland Trade License Renewal

Every company operating in the UAE must have a valid Trade License to continue the business. The trade license has to be renewed every year by paying a renewal fee from the Department of Economic Development (DED) if you are an LLC company in Dubai or other emirates in the UAE.

To know more about LLC Company Formation in the UAE, connect with our expert consultants!

Contact: Aurion Business Consultants

The post Mainland Business License Types in UAE – All You Need to Know appeared first on AURION.

There two ways of appointing a Local Sponsor in Dubai for your LLC Company. One is choosing a UAE national as your local partner and the other choosing a UAE National Owned Company as your Local Sponsor.

Choosing Your Local Sponsor for Your LLC Company in Dubai

Choosing your Local Sponsor for an LLC Company is a very crucial part and it forms the backbone for the existence and continued business operations of the company in UAE. Hence, the decision has to be well-informed and with a full understanding of the terms and conditions of the contract.

With experienced business consultants like Aurion, the hassle of finding out the perfect UAE local sponsor has become easier. Aurion will assist you with a UAE local sponsor as well as a corporate sponsor based on your specific requirements and nature of business.

Things to Know before you choose your Local Sponsor in Dubai

Our legal experts will prepare 100 % legally complaint side agreements to protect your shareholding rights. The agreement will have it all clearly defined, the expectations, responsibilities and the Annual Sponsorship fees, and other specific clauses.

With our Local Partner assistance support, you will have 100% financial and operational control as well as securing your ownership rights. The local partner will have no involvement in your business operations and by virtue of the agreement created, all the operational and management rights will be vested with the foreign investor.

A yearly Sponsorship fee has to be paid to the local UAE partner to continue the partnership agreement. There is another type of local Sponsorship, that is instead of an individual a UAE local company can become the local sponsor for you.

Corporate Local Sponsor in Dubai

A Corporate Sponsor can act as your UAE local partner (51% share) and pass on the ownership rights to you for a Fixed Annual Sponsorship Fee. The Annual Sponsorship Fee will be fixed and will have an agreement that there will be no variation depending on the increase in turnover or profitability of the business.

The key benefit of a Corporate Shareholder is that the foreign investor will be dealing with a company that is a separate entity and has no interest in the daily business operations or ownership of the new company. There will be legal complaint side agreements, power of attorney, and other legal compliance documents stating the clear shareholding pattern and other ownership and operational responsibilities.

Key Benefits of Corporate Sponsorship

Corporate Sponsorship for LLC Company formation in Dubai will help in raising investor confidence and lowers the resistance of investors in finding and building rapport with an individual local UAE sponsor.

1. No Involvement in Daily Business Operations

The corporate sponsor does not get involved in the day-to-day running of the company enabling the foreign owner to have complete management control of staff, clients and product offering.

2.100% Financial Power

The business profits generated are vested with the foreign owner and are not to be shared with the Corporate Sponsor at any instance.

3. Shareholder Agreements

Corporate Sponsors have well defined and drafted legal contracts in place to protect both parties.

Hence, the authenticity of the legal form is assured and shareholder rights are protected well.

Aurion has a network of Corporate Sponsors as well as Individual partners for LLC Company registration in Dubai.

Also, for professional license requirements, we will assist you in finding the right Local Service Agents.

The Requirement of Businessmen PRO Services in Dubai

Along with finding the right Local Sponsor in Dubai for starting an LLC Company. Engaging a trusted businessmen PRO Services is a pre-requisite for the smooth operation of business setup and continued operations.

Businessmen PRO Services will handle numerous activities starting from all the company setup procedures, visa processing & Immigration, other documentation & attestation,  to administrative works.

Businessmen PRO Services in Dubai

Aurion Business Consultants provide the best-in-class Businessmen PRO services in Dubai and the rest of UAE. We have dedicated PRO agents for each Free Zone and for the Mainland Company Setup. They are experts in the field of visa processing assistance, application form preparation and immigration service assistance.

Aurion has strategically crafted an all-in-one exclusive Businessmen PRO Service Package to assist you in the end-to-end Company Setup process and beyond that. Our PRO Services cover the following areas and more. We ensure you have the most hassle-free company set up in Dubai.

• Visa Application form Preparation & Submission
• Labour and Immigration Cards
• Approvals and Renewals of Trade License
• Emirates ID Application
• No-Objection Letters
• Labour Contract Preparation
• Legal Translation and Notarization service
• Ejari Documentation
• Power of Attorney Attestation, Shareholder Resolution Document Preparation
• Memorandum of Association typing
• Local Service Agent Agreement
• Document Clearance & Amendments – Free Zones & DED
• Liaising with Government Authorities & Free Zone Authorities
• Company Cancellation documentation
• Additional Approvals and Clearance for Company Setup/Company Closing
• Import/Export Code & Customs Registration
• Trademark Registrations
• And many more…

So, in a nutshell for a hassle-free LLC Company Registration in Dubai, taking the assistance of an experienced Business Consultant is important.

They will assist you right from choosing your local partner to undertaking all the businessmen PRO Services and ensure your company registration process is executed the right way.

Interested to know more about LLC Company Formation in Dubai or Company Liquidation in Dubai, give us a call!

The post Finding a Local Sponsor in Dubai for your LLC Company Setup appeared first on AURION.