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Professional License

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Professional License

 

In setting up a professional firm, 100% foreign ownership is generally permitted; however certain sectors and activities are restricted to either UAE nationals or have a UAE national shareholding requirement.

 

Professional firms may be in the form of a sole proprietorship or a civil company. Such firms may engage in professional or artisan activities but the number of persons that may be employed by such firms is limited. A UAE national must be appointed as local partner for sole proprietorship, but s/he has no direct involvement in the business and is paid a lump sum and/or percentage of profits or turnover. The role of the local partner is, among other things, to assist in obtaining licenses, visas and labour cards.

 

Where there are two or more partners, the legal structure is a Civil Works Company whereby there must be a UAE national shareholding of minimum 20%.There is a requirement that all the individuals involved have relevant University level qualifications in the relevant field of business.