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The UAE Commercial Companies Law (CCL) requires that each company established in the UAE has one or more UAE national partners. Which means that in the formal process of obtaining a trade licence through the Department of Economic Development you likely need to appoint a local service agent, also known as a sponsor.Local sponsors can be individuals or locally-owned businesses. For the most part, a local sponsor will not have any responsibility towards the business but is obliged to assist with all government related procedures such as obtaining permits, trade licences, visas and labour cards. His/her signature will be required on most official forms. #business #dubaibusiness #businessowner #uae #dubai #companyformation #businessinspiration #influencer #businessinfluencer #entrepreneur #entrepreneurlife #didyouknow #llc #freezone #offshore #albastaki #albastakibusinessservices #experts #businessadvice #businessloans #localsponsor #businesspartner

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