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This article has been researched and written by Dastan Nurmanbetov and the team at Creation Business Consultants and has not used AI in generating this article. Sponsorship is no longer required for certain foreign investors to setup local businesses in the UAE. Due to the nature of certain business activities, there may be additional external government approvals required for the business trade license to be issued. The Emirati sponsor — being the majority shareholder of the LLC may give a Power of Attorney to the foreigner in exchange for a fixed annual fee.
Often this arrangement is required for a mainland Department of Economic Development DED commercial license type or an industrial license business registration. Creation Business Consultants provide a corporate sponsor or corporate nominee agreement to satisfy this legal requirement.
Article — CCL specifies that a professional license company must have an appointed agent. Often this arrangement is required for a mainland DED professional license registration. Scott Cairns , Managing Director.
This Article was reviewed and updated on Apr 15th, by Scott Cairns. February 20, This article was updated on April 15th, The 3 main license types that are available for new business registrations are: Commercial license — issued to a business engaged primarily in trading activity. Professional license — issued to professionals with certain skills, qualifications, or service providers.