Nominee Service
As a foreign investor seeking to get into business or trading activities within Dubai, several key factors and steps are important for making your business successful. Understanding the regulatory landscape and legal requirements is fundamental. The UAE offers various business structures like Limited Liability Companies (LLCs) requiring a local Emirati partner to own at least 51% and Free Zone entities allowing 100% foreign ownership.
Astra’s part
Astra offers foreign investors seeking to set up business or trading operations in Dubai complete guidance and support. Our services address each step of the procedure to guarantee a smooth launch into the market. We assist with the best business structures, such as LLCs or Free Zone organisations based on the goals of the investor and the type of business activity foreigners are about to begin. We also offer legal advice on compliance, contract drafting, and navigating local company laws
Nominee partner
There are just two options available to a foreign investor looking to launch a business in Dubai. The first is when they create a free zone that is 100% owned by them, and the second is when a foreign investor hires an agent to work as a partner with your business. The Agent is not subject to any financial pressure or civil liability; they merely operate as an ambassador. There will be no legal stake for the Agent in the business. As a result, the foreign investor has full control over the business through contractual agreements and is the company’s 100% beneficiary owner.
Local National Service
To establish a branch here in Dubai, and operate it freely, we are here to assist you. To achieve that might need a local service agent or a “local sponsor.” This local sponsor will never indulge in the management or operations of the branch. If in case of any necessity, the local sponsor supports local licensing and other local requirements. This includes yearly renewals of the Branch licence and/or other authorizations, as well as the acquisition of work permits and resident visas for Branch employees.
Nominee Director/Manager
An individual appointed to the board of directors of companies in which banks and other financial institutions have an “interest” is known as a nominee director. Either financial support in the form of loans or stock investments can be considered “interest.” A nominated director must be appointed to assist in the oversight of the investee company’s operations and business, as such a strategic investment may directly impact the nominator’s profitability.