Dubai Mainland without a Local Sponsor
Are you ready to take the leap and start your own business in Dubai Mainland?
As one of the most prosperous and dynamic cities in the world, Dubai offers a range of opportunities for aspiring entrepreneurs. But what about the legal requirements for setting up a business in Dubai? Can you start a business in Dubai Mainland without a local sponsor?
The short answer is yes, you can! While it is true that starting a Limited Liability or Partnership Company in Dubai Mainland requires a local sponsor who owns at least 51% of the shares, there are alternative options available. One such option is setting up a Professional Services Company.
With a Professional Services License, ex‐pats and foreign nationals can own a 100% stake in their business, making it an ideal option for those in professions such as doctors, lawyers, engineers, consultants, and accountants. This license allows you to indulge in professional and consultancy activities without the need for a local sponsor.
But what about the catch? Well, businesses with professional licenses in Dubai Mainland must only engage in professional and consultancy activities, and individuals or partners must have the required professional qualifications. Additionally, a local agent in Dubai is required to initiate the dialogue, file legal documents with various government departments, and play the role of a mediator between the professional company and several Dubai legal entities.
If you're not eligible for a Professional Services License or prefer a different setup, don't worry! Dubai also offers free zones where foreign business entities can own 100% of their businesses without the need for a local sponsor. However, businesses set up in free zones cannot engage in trade within the local markets.
Setting up a business in Dubai may seem overwhelming at first, but with the help of business consultants and setup professionals like Hays Firm, you can navigate the legal requirements and start your business with confidence. With its thriving economy and business‐friendly environment, Dubai is the perfect place to turn your entrepreneurial dreams into reality. So, what are you waiting for? Start your business journey in Dubai today!