Professional /Civil company formation Dubai

Professional /Civil company formation Dubai

For setting up a professional firm or civil company, 100% foreign ownership is permitted. Such firms may engage in professional activities. The main condition is the owner should have professional degree in the respective field and should prove that he/she has relevant experience in that particular field. (For example: Chartered Accountants, Management Consultancies, legal consultancies etc) Even though it allows 100% ownership, you have to maintain a local service agent (UAE National or 100% UAE national owned company). The local service agent is a UAE national (either individual or a company), whose primary job is to act as liaison between the entity and the government departments. For example, the local service agent applies for various approvals, work permits, visas etc. The relationship between the principal entity and the local service agent is regulated by an agency agreement. >/p>

Features of Professional Firm/Civil Company

  • Professional company or Civil company license are issued only for professional activities
  • In professional firm or civil company 100 % foreign ownership is allowed
  • For setting up of professional firm or Civil company formation shareholders must have qualification & experience in related activity /business
  • For professional company formation local service agent is mandatory
  • For professional company formation in UAE , local service agent must be an UAE individual or 100 % UAE local owned company
  • In Professional license trading activities are not allowed

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