Marked 3 years 6 months ago onto Local service agent in Dubai
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Category:
Business
It is quite well known that UAE offers 100% ownership of the business. However, companies operating in certain jurisdictions with specific business activities need to appoint a local service agent in Dubai, states the UAE judiciary. As per the mandated regulations, the investor would still own 100% shares of the company and the local service agent would hold no power over the company. In short, they would just act as an Emirati voice of the business without intervening in the capital or in the decision-making of the company.
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