Hello everybody,
Just new at the forum, first of all I wanna say Hi to you all! It's nice to see so many people helping each other out.
I am 29 years old, male and thinking about leaving The Netherlands and starting a (internet)company in the UAE. Problem in setting up a business in the UAE is finding a local sponsor which will have 51 percent of the shares on paper. My question is how or where can I find a reliable local sponsor to help me setting up the business? I did some inquiry with the Dutch embassy but it didn't help me much and found some companies in local papers which advertise they can help finding a local sponsor, but all they ask for is money before helping me out/and give some global information.
Another question about local sponsorship I have is, does anyone know more about changing the rules about sponsorship/ownership to attract more foreign investors? I've read in Gulf News and Arabian Business that the Government wants to change the rules in favor of the foreign investor and change the shares of the local sponsor from 51 percent to 20 percent. So the new rule (propably before the end of 2009) would be that the foreign investor will have 80 percent of the shares. Does anybody know more about this?
I hope you can help me. Right now I am in Dubai for more information, but as it seems right now I'm getting more attracted in setting up a business in a free zone, because this is more transparant (and relatively more safe, 100 percent ownership but less possibilities in doing business within the UAE).
Again, nice to meet you all and I hope you can help me.
Greetings, VonDutch
Just new at the forum, first of all I wanna say Hi to you all! It's nice to see so many people helping each other out.
I am 29 years old, male and thinking about leaving The Netherlands and starting a (internet)company in the UAE. Problem in setting up a business in the UAE is finding a local sponsor which will have 51 percent of the shares on paper. My question is how or where can I find a reliable local sponsor to help me setting up the business? I did some inquiry with the Dutch embassy but it didn't help me much and found some companies in local papers which advertise they can help finding a local sponsor, but all they ask for is money before helping me out/and give some global information.
Another question about local sponsorship I have is, does anyone know more about changing the rules about sponsorship/ownership to attract more foreign investors? I've read in Gulf News and Arabian Business that the Government wants to change the rules in favor of the foreign investor and change the shares of the local sponsor from 51 percent to 20 percent. So the new rule (propably before the end of 2009) would be that the foreign investor will have 80 percent of the shares. Does anybody know more about this?
I hope you can help me. Right now I am in Dubai for more information, but as it seems right now I'm getting more attracted in setting up a business in a free zone, because this is more transparant (and relatively more safe, 100 percent ownership but less possibilities in doing business within the UAE).
Again, nice to meet you all and I hope you can help me.
Greetings, VonDutch