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Travel agency license in Dubai

Travel agency license in Dubai

Submitted by • April 7, 2019 www.businesssetup.xyz

A foreign investor is able to setup a Dubai travel agency license by sharing 51% of the company with a local sponsor (UAE National). Most of the travel and tourism license Dubai is a Limited Liability company and need a UAE local sponsor (UAE National) as a silent partner. In this partnership of Travel agency license in Dubai, the local sponsor will be paid agreed annual sponsorship fee in coming back of giving the complete control of the business to the Expat. During the formation of Dubai travel agency business, they can choose the way in which they demand to allocate the profit or loss of the Dubai travel agency business. In Dubai travel agency license it is essential to perform a management agreement between the expat and the UAE sponsor on the beneficial ownership of the shareholding, as well as profit sharing of Dubai travel agency business.

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Voted by openjamp

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