Questions & Answers
LLC company incorporation in Dubai by Syrian nationals
Hello,
I am a Syrian citizen living in Dubai for more than 13 years with valid resident visa and I would like to open a new LLC company in Dubai along with a local UAE sponsor (49% my share, 51% for the local sponsor). The company will offer and sell IT services/products (commercial license).
I have the following questions:
1 - Is it true that Syrians are mostly denied by DED due to security restrictions? Do you know any of your Syrian clients who received a license from DED recently? Are there any measures that I could take to improve my chances?
2 - In case I had to issue a license under the UAE sponsor so he becomes 100% owner of my company (do I have another choice?) what are the legal steps that I should take to protect my rights? Would a strong power of attorney be sufficient?
Thanks.
There are indeed some implications with regards to Syrian nationals due to the security restriction. We can indeed assist you in passing this hiccup. We did handle this issue and established a company for our Syrian client a few months ago.
In case you had to establish the company 100% local, then we can appoint you as the manager of the company and then draft a side agreement where you will own 100% of the shares and that the local sponsor actually owns nothing.
You can contact me on my cellphone for further information.
052 865 2176
