- Welcome to Aswar-Al-Madina
- services@aswaralmedina.com
- Office Hours: 9:00 - 18:00
Business Sponsorship Historically the legislation in the Gulf States has only allowed partial ownership to expat businessmen. The tide is now turning and a number of Gulf States are enacting legislation allowing 100% ownership to expats. Even in the states that mandate majority shareholding in favour of their nationals, the attitudes are changing with a clear understanding of the legislation in the Gulf States has only allowed partial ownership to expat businessmen. The tide is now turning and a number of Gulf States are enacting legislation allowing 100% ownership to expats. Even in the states that mandate majority shareholding in favour of their nationals, the attitudes are changing with a clear understanding that the national partner, usually called?The Local? or? The Sponsor? is a sleeping partner and is there only to fulfil the legal requirement. The sponsor has no rights on business management, turnover or profits.
While the debate is raging in all Gulf States and there is a clear will to remove the sponsorship system, the wheels of the legal system turn rather slowly. The business opportunities, however, are abundant and cannot wait for the change in the sponsorship system.
We can assist you to capture these current opportunities by introducing you to silent, dormant,trustworthy partners. These are individuals with basic human decency. We have a stringent vetting procedure to assess the suitability of nationals as local partners. We only recommend credible individuals as sponsors who have a well-established track record of non-interference and unequivocally commitment to support the businesses of our expat clients.