Professional License in Dubai
A Professional License in Dubai is granted to certain categories of professionals, such as those in the following fields
With a Professional License in Dubai, you can enjoy 100% ownership of your company. However, it is important to have a Local Service Agent for your company. The Local Service Agent must be an Emirati (this is the term used to refer to those who are citizens of the United Arab Emirates) who has attained the age of 21 or a company incorporated in the United Arab Emirates that is fully owned by Emiratis.
The Local Service Agent legally represents your company before Government agencies and is to be paid a Local Service Fee in return for his/her/its services. You need to enter into a Local Service Agreement that clearly outlines the Local Service Fee with the Local Service Agent and get it notarized by a Notary Public. Depending on the Local Service Agreement, the Local Service Fee can be paid on a monthly / quarterly / half-yearly/ annual basis.
List of Documents Required for Professional Company Setup
The documents pertaining to individuals have to be submitted for every shareholder, in case there are multiple shareholders. If any of the shareholders is another company, then the company formation documents, duly translated and attested for legal use if in a foreign language, also need to be submitted. This is only an indicative list and not exhaustive in nature. A company formation specialist can advise you on what documentation is needed when setting up your company.