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Local Sponsor Services| Alberts Accounting and Tax Consultant

Local Sponsor

A local sponsor is an Emirati or a UAE national with a family membership card, who acts as your service agent for your business in the UAE.

As per the UAE Companies Law and UAE Civil Law, to form a limited liability company (LLC) in the mainland a minimum of 51% local share is a must. A foreign share in such kind of company should not exceed 49% however, distribution in the profits shared can be mutually agreed between the parties.

What is the role of a local sponsor

Local sponsor is not only responsible to share the shares in the company. But instead he is also responsible for some important dealings as mentioned below:

  • Cancellation of employees work visa
  • Cancellation of the labour status for employees
  • Closing the bank accounts
  • To settle any outstanding debt if there is any
  • Why should you choose Local Sponsor Service
  • 100% reliable assistance
  • Support and guidance on registration, licensing and office set-up
  • Saves time and money
  • Proper work progress
  • No suspensions and extra cost
how can we help you?

If you have an enuiry feel free to discuss with us on call.