According to the Commercial Companies Law in the country, every UAE national entering into an agreement of a local sponsorship with a foreign investor shall hold at least 51 percent of the shares in the share capital of an LLC as per Article 10 (1) of the Federal Law No. 2 of 2015. Any company established shall have one or more UAE partners holding at least 51 percent of the share capital of the company as per the rule. But did you know that you can start a business in Dubai or anywhere else in the UAE with a silent partner and have complete control over the business? To find our more get in touch with Shuraa Business Setup login to https://www.shuraa.com/. Call Shuraa Business Setup and book yourself a FREE consultation. Dial +97145236200 or WhatsApp on +971507775554 to request a call back. You may also email us your queries on firstname.lastname@example.org
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