As per the UAE Companies Law and UAE Civil Law, to form mainland company (LLC) in the mainland a minimum of 51% local share is a must. A foreign shareholding in mainland company (LLC) should not exceed 49%, however professional companies and civil companies can be owned 100% by an expatriate shareholder, where the local sponsor will act as a Local Service Agent (LSA). From 1st June, 2021 UAE government allowed 100% foreign ownership in more than 1000 business activities but some of the business & professional services require sponsorship. KSG Corporate Services helps in creating an environment where both businesses and local sponsors can thrive with mutual benefits.
