In a professional firm, 100% foreign ownership and sole proprietorship are permitted. It can carry out professional activities. UAE national must be appointed as a local service agent who has no direct involvement in the company’s business. Although a per annum fee has to be paid for his services. The local service agent role is to assist in obtaining license, visas, immigration card and labor card of the company.
A professional cannot do trading, purchase or sales of goods, transport, banking and finance etc.
Civil company can only engage in a professional activity and all the partners must be professional, these types of companies can be owned by expats 100%.
A foreign company can be a partner in a civil company as long as they are engaged in the same line of business in their home country. Local services agent need to be appointed, in case there is no local partner. A local service agent get an amount agreed upfront on yearly basis.
Features of Dubai Professional Firms
Appointment of a UAE national as your local service agent.
No direct involvement of local service agent in the business.
Local service agents paid an annual basis or a percentage of profits or on turnover as agreed.
Only non-commercial activities allowed.
What We Do
We manage the whole process of establishing your professional firms. It includes strategic inputs and consolidate business plan:
Getting approvals and permissions from concern departments
Preparing Partnership agreements and MOA
Identify a trusted and qualified local service agent
Assistance in opening the bank accounts
Assisting to find suitable office premises
Handle other documentation formalities
CALL NOW: 00 971 45586339 / 0569971225 and get FREE CONSULTATION