Dubai Professional Licenses
Civil Companies are allowed to engage in a professional or artisan activity, and set up a professional firm. A UAE National must be appointed as Local Service Agent and he is paid a lump sum or percentage of profits but has no direct involvement in the business. THE NEXT ERA GROUP OF COMPANIES will provide the advantage of corporate partnership acting as the local corporate service agent effectively giving full control of the company to the foreign partner.
Partners in professional licenses are not required to show Capital deposit certificate from bank to authorities for incorporation.
This license is issued to businesses that wish to engage in professional services/activities or non-commercial activities. In most cases, this is related to professions that require a specific type of expertise where a university degree has to be presented.
This is one of the most common and popular licenses especially in the management consultancy sphere as it allows businesses the ability to bill all forms of legal entities established in the UAE and abroad for services. This also entitles the holder to have bank accounts in the UAE and worldwide.
For this license one must have an office space in Dubai and Next Era can help you to identify such premises.
Corporate Features
Company Type
Sole Proprietorship or Civil Company
Licensing Authority
Department of Economic Development Dubai
Legislation
Department of Economic Development Dubai
Legislation
UAE Civil Code
Confidentiality
Complete Confidentiality
Accounts and Audits
No accounts or Audited Accounts Required
Minimum Share Capital
No Minimum Share Capital
Taxation
No taxes
Currency
UAE Dirham
Time to Form
10 working days
Issuance of Visa
10 working days
Local Sponsor Requirement
Local Service Agent is required
Office Space Required
A 1 year Tenancy Agreement for Office Space is required in order to issue the Trade License.