When you opt to open a business under a Dubai Economic Department (DED) Licence, you will need to make the decision of getting a Corporate Sponsor and an individual Local Sponsor.
At DBC, we offer you the option of both; you can partner up with us as the Dubai Business Corporation, or you can opt to partner up with one of our trusted and professional individual local sponsors.
To be able to make an informed decision, here is what you need to know about both types of sponsorship.
|Corporate Sponsorship||Individual Local Sponsorship|
|No need for succession planning||Dealing with succession planning and problems that may arise that can affect your day to day operations|
|100% financial benefits for you. With a Memorandum of Association, you get 100% of your profits||100% financial benefits for you. With a Memorandum of Association, you get 100% of your profits|
|Annual fee to be paid||Annual fee to be paid|