UAE Government has introduced new laws stating that now Expatriates/Foreigners can setup a Company in Dubai Mainland with hundred percent shareholding and there is no need for Local/UAE National Sponsor to be included in the company. Department of Economic Development (DED) has removed the need for Local Sponsor/Local Service Agent in almost ninety percent commercial/ professional activities in Dubai.
Now expatriates can have a peace of mind that there will be no third party taking shares/interests of the company and they can have hundred percent control of their company operations including: Company Formation, Corporate Banking, Liasing with Government Departments (Authorities governing their respective industries), applying visa applications with Immigration (GDRFA) and Ministry of Labor.
You may click the link below to find out the List of Industries which are allowing Hundred Percent Ownership of the Company to Expatriates:
Courtesy: Dubai Department of Economic Development (DED)
All foreign investors now can get benefit from the new business setup laws and WMS can guide you through the whole process of setting up right from Reserving the Trade Name for your Company to having the Trade License in hand.
Take control of your business and enjoy basing your company in the Global Business Hub like Dubai without any hassle.
You may get further information by approaching our Business Consultation Department at whatsapp: + 971505034944.