A professional firm, 100% foreign ownership and sole proprietorship are permitted. Professional firms can carried out professional activities, A UAE national must be appointed as a local service agent. UAE national has no direct involvement in the company’s business. a per annum fee 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 ect.
Civil company can only engage in a professional activity and all the partners must be professional, this type of companies can be owned by expects 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 home country. Local services agent need to be appointed, if there is no local partner, local service agent get a fixed amount of amount agreed upfront on yearly basis.
Features of Dubai Professional Firms
Appointment of a UAE national as your local service agent.
The local service agent will not be having any direct involvement in the business.
Local service agents are paid an annual basis or a percentage of profits or on turnover as agreed.
Only non-commercial activities are 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
Free First Consultation
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