Local Service Agents in Dubai: Costs, Roles, and Benefits for Foreign Investors
For foreign investors, navigating the business setup landscape in Dubai requires engaging a local service agent, a mandatory legal requirement for mainland businesses. Local service agents in Dubai, often UAE nationals, hold 51% ownership while allowing expatriates full operational control. The costs for these services can vary significantly, typically based on an annual fee structure. A detailed local service agent agreement is crucial, specifying the terms of service, fee arrangements, and the agent’s responsibilities. This arrangement not only ensures legal compliance but also facilitates a smoother business setup process, offering peace of mind to foreign investors venturing into the Dubai market.