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The procedure of forming a corporation in the UAE is well renowned for being quick and simple. However, this is only possible with the assistance of a regional specialist.
In actuality, there are a few difficulties to the company incorporation procedure here. It can be quick and painless for those who have the knowledge to go through them. It can be difficult for individuals who don’t have this expertise.
The problem of local sponsors is one of the areas that generates the greatest uncertainty. In the past, foreign business owners had to constantly work with a local sponsor to establish a UAE company. The foreign business owner would keep the remaining 49% of the company, with the local sponsor owning 51%.
Recently, there has been some relaxation of this regulation. However, in some circumstances sponsors are still necessary. These sponsors may be private citizens or businesses in the area. The ideal choice frequently involves corporate sponsorship since it enables a secure and professional approach.
Do I even need corporate sponsorships if my contributions and grants are already funding my organization just fine? Finding corporate sponsorships may help your company succeed and has several advantages.
Your nonprofit can gain more recognition in the community and gain credibility by collaborating with well-respected and well-known companies. With corporate sponsorships, you frequently receive sizable cash contributions that might hasten the completion of your fundraising objectives. Additionally, you’ll discover that in-kind sponsorships may significantly lower the overhead expenses for your fundraising events, allowing more of your donations to go into your organization’s programming rather than event planning.
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