Corporate Sponsorship Services in Dubai
The UAE Company with one or more UAE Nationals are eligible to become Corporate Sponsor for any new foreign Company. Freezone and Mainland are the UAE’s two types of economic zones. If you are looking to start a business, there is definitely an advantage of setting up a business in the mainland zone. Individual sponsorship is much the same, however in this case, it is an individual Emirati citizen that holds the 51% stake in your business. Professionals, UAE government employees, or UAE business owners are required to serve as individual sponsors. Although individual sponsorship is frequently less expensive, it does not provide the same level of protection as corporate sponsorship. Working with a corporate sponsor is always a good idea to ensure a smooth process, clarity in the law, and complete control over your business and its profits.
You can keep total control of your business by putting in place long-term safeguards that protect your profits, assets, powers of administration, and decision-making authority with the help of a corporate sponsor.
Ledgerworx is the holding company in Dubai providing 51% of the local sponsorship share as a guaranteed business partner instead of an individual. Ledgerworx help you with finding a sponsor through incorporation of a holding company which has the skills and knowledge about your particular business and who can represent you in the best possible manner.
Benefits of Corporate Sponsorship in Dubai, UAE?
Streamlined process: Getting help from a local sponsor can be a complicated process. As a result, partnering with a corporate sponsor that has procedures in place to ensure the process runs as smoothly as possible is recommended.
Financial guarantees: An individual sponsor may attempt to claim a larger share as compensation for their services as your business grows in value.
Zero interference: When working with an individual, there is no guarantee that this will not change in the future, despite the fact that the majority of sponsors do not wish to be involved with the day-to-day operations of your business. However, corporate sponsors will never get involved in your business’s operations, giving you complete control over your staff, customers, product line, and plans for the future.
Clear succession plan: Shares in your company automatically go to the heirs of individual sponsors who die or decide to retire early. This can be reduced with succession planning, but these procedures aren’t always legal and can be expensive to set up. You have no concerns about corporate sponsorship because a business cannot cease operations or retire.
Legal protection: Even if you believe you have adequate legal protection, entering into a business arrangement with a person you don’t know can be risky. When you work with a corporate sponsor you have the peace of mind of total legal protection. Reputable corporate sponsors will only work to contracts drafted by first-tier legal counsel, meaning your shareholder rights are always protected, now and in the future.