Understanding Local Service Agent Costs in Dubai for Foreign Business Setup
Setting up a business in Dubai as a foreigner requires navigating complex legal frameworks, including the need for a local sponsor. Local service agents in Dubai facilitate foreign ownership by holding 51% of the business on behalf of the expatriate owner, ensuring compliance with UAE laws. The cost of hiring a local service agent varies, depending on the nature and size of the business. Generally, local service agents charge an annual fee for their services, which can be negotiated and formalized through a local service agent agreement. This agreement details the terms of the relationship, including the agent’s compensation and their role in the business setup process.