Local Partner in Dubai and how to find a local partner in Dubai

1. Local Partner in Dubai

2. I N T R O D U C T I O N many companies  have succeeded that have to take a local partner. So the company earn will growth. what is a local partner? what are the benefits to taking the local partner? how to select a local partner in Dubai areas? what are the rules to take the local partner(partnership for business)? you get full pieces of information about in this PPT presentations. WWW.HMCINVESTUAE.COM

3. L O C A L P A R T N E R The word “Local Partner” is neither a title or position nor a job description of the involved Emirate. However, it can be considered a status that a Local Partner gains after establishing a company . The confirmation of a Local Partner  depends on the activity partially and majority by the company’s structure. W W W . C L U S T E R . C O M C L U S T E R

4. S E L E C T I N G A L O C A L P A R T N E R Check out the mission: It’s important to target local NGOs with a mission that aligns with your company’s sustainability strategy. Understand the legal regulations: Legal codes and tax structures vary from country to country.  Ensuring that the NGO is registered with the government can make payment and processing much easier. In the United States, for example, all charities should be officially registered as a 501(c)(3) and hold a certificate of good standing. Consider the governance structure: Just as in business, NGOs and other civil society organizations are often lead by boards of directors. Not surprisingly then, it is helpful to understand who is on the board and how it is run. Be sure that the board is free of conflicts of interest, and board compensation is commensurate with activities. WWW.HMCINVESTUAE.COM

5. S E L E C T I N G A L O C A L P A R T N E R Passion and organization go a long way: Many civil society organizations are lead by passionate, courageous, and hard working individuals who have dedicated their lives to the promotion of social or environmental protection. However, passion is not always enough. Ensure that the NGO also has the necessary organizational systems (accounting, monitoring, management, etc.) and personnel to communicate effectively and provide required documentation to the company. Follow the money: What percentage of cost should go to programming? The answer to this question varies by country, but according to the Better Business Bureau, at least 65 percent of expenses should be designated to program activities and no more than 35 percent designated to fundraising.     WWW.HMCINVESTUAE.COM

6. S E L E C T I N G A L O C A L P A R T N E R Reputation—help or hindrance? A local partner’s reputation can often make or break the success of a partnership. Consider the following simple questions when finding a local partner: How does the organization communicate with the targeted community? What is the relationship between the organization and target community? What feedback is being given on the organization by other stakeholders? WWW.HMCINVESTUAE.COM

7. H O W D O I F I N D A L O C A L P A R T N E R I N D U B A I , U A E Finding the right local partner in Dubai is a very important part of setting up your business. You will be glad to know that there are companies that can act as the 51% local partner . Though there are very few companies that have the authority to offer Corporate Shareholder Model. As for LLC companies, some types of business activities require by law having a UAE national as a partner. For activities that don't require a UAE national as a partner, you can assign a service agent for a mutually agreed-on annual fee.  service agents are basically partners with zero equity. They own nothing of your business, profits  and do not interfere in how you run your company. Their signatures are needed only for paperwork related typically with government procedures.   WWW.HMCINVESTUAE.COM

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