A lot of people wanted to initiate a UAE business setup process. After all, UAE is filled with so many business opportunities and a lot of benefits are available for those who wish to start a company here. However, there’s one common question being asked by people who wanted to start a business in the UAE. They wonder, “Do I need a sponsor?” Let us take a deeper look at this question: WHAT ARE LOCAL SPONSORS? Local sponsors are also known by other names such as local service agents, sleeping partners, and nominee shareholders. A local sponsor is called local because they are UAE nationals. To get a person become your sponsor and set up company in Dubai mainland, you usually pay them an annual fee based upon your agreed contract. There are three types of local sponsorship in the UAE. These are the following: Individual sponsorship Corporate sponsorship Local service agent Some local sponsors don’t simply act as a passive partner. For example, mo...