Overview
A growing international business looked to enter the UAE local market by registering a Mainland company. The client needed to go through the intricacies of securing local sponsorship while ensuring flexibility in operation. CAS Services was put to the challenge of facilitating the process of registration, securing a reliable local sponsor, and ensuring compliance with all regulatory requirements.
Challenges
There were a number of challenges faced by the client, which included:
- Local Sponsorship: Realising that a local sponsor would be required to hold 51 percent of the company shares; this was the prime factor for Mainland registration.
- Compliance: Since the UAE has complex legalities for companies on the Mainland, getting the relevant licenses and approvals in order was necessary.
- Operational Control: The requirement of local sponsorship had to be balanced with the need for operational control while protecting business interests.
- Time Sensitivity: This was needed to get the registration completed quickly to start the business without wasting any more time.
Our Solution
Step by Step Solution Offered by CAS Services:
- Selection of Sponsor: We carefully vetted and introduced the client to a trustworthy local sponsor whose business values and goals would best fit theirs and ensure a seamless relationship.
- Guiding on Law Compliance: Our team explained the legal requirements in minute detail and handled the preparation and submission of all necessary documents.
- Process Management: We offered turnkey solution for registration with liaisoning services towards government authorities for speedy approvals and compliance within the UAE regulations.
- Support after Registration: Continued after registration to help the client integrate the Mainland entity into the overall business structure.
Result
- Formation of Company: The formation of a mainland company with a reliable local sponsor.
- Market Access: Direct access to the UAE local market, thereby aiding the client in getting access to new business opportunities.
- Operational Freedom: The customer remained in control of his or her business operations while adhering to the local sponsorship requirements.
- Efficient Process: The entire process of registration happened well within the client’s timeline, enabling him to start his operations as scheduled.
