Providing a local sponsor
Hand in hand with you to success
According to UAE commercial company law, foreign branches are required to appoint a local service agent in Abu Dhabi to handle the necessary logistical support for the foreign branches. This local agent is commonly known as a local service agent
One of the main duties of the local service agent is to obtain the necessary permits and licenses for the activity that the company will practice within the country before starting this activity. This requires a specialized person with experience in carrying out such procedures, who is also a citizen of the UAE, and is commonly known as a local service agent
The local service agent (LSA) or local sponsor in the UAE has several responsibilities Such as
In general, providing a local Emirati sponsor or partner is a fundamental part of the process of setting up companies in the United Arab Emirates, and requires finding the right partner who aligns with the needs and requirements of the company
The local service agent is responsible for providing all necessary efforts to enable the company to legally operate. The agent is not entitled to interfere in the company's policies and carries out their duties based on a locally registered service agent contract authenticated by the notary public. The investor, who holds the license, has the right to manage all aspects of the company's administration. The responsibilities of a local service agent in Abu Dhabi, UAE include:
Taking necessary measures to obtain the professional license
Renewing commercial licenses and other necessary licenses
Assisting in obtaining required work visas and following up on visa renewals with the Ministry of Labour and other relevant government authorities
A limited liability company with an Emirati sponsor
One of the economic requirements for obtaining a business license in the UAE is the need for a sponsor, who is a person responsible for the financial and legal liability of the company or business. The sponsor can be a UAE citizen or a local company fully owned by UAE citizens
The sponsorship system for business licenses in the UAE is regulated by the Ministry of Economy, which relies on an electronic system for registering and verifying the sponsor and the commercial company
Usually, a sponsorship contract is signed between the sponsor and the commercial company, specifying the responsibilities, rights, and obligations of each party, and the contract must be approved by the Ministry of Economy
The sponsor must be fully committed to the commercial company, and must provide all the guarantees required by the local government, including a bank guarantee or a specific amount of collateral determined by the competent authorities
The commercial company must comply with all the regulations and conditions imposed by the local government, and the government may revoke the business license if any violation of these conditions is discovered
A limited liability company without an Emirati sponsor
Yes, it is now possible to establish a business license in Dubai for a limited liability company (LLC) or a multi-partner company without the need for an Emirati sponsor, as long as 100% of the company's shares are owned by foreign partners. This eliminates the previous requirement for an Emirati partner to own at least 51% of the company's shares.
A limited liability company with local service agent
If you want to obtain a service agent in Dubai when establishing a company in Dubai, you can easily obtain this service through HAM, which offers excellent services to its customers. Some of the distinguished services provided by HAM to its customers include
Obtaining security approvals for the investor's nationality and type of activity
Reserving the trade name for the company or activity
Providing commercial/industrial licenses and more
Completing the necessary memberships and licenses
Applying for residency and opening corporate bank accounts and lease contracts
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