Free Zone Company Formation in Dubai
Are you planning to establish a professional business in Dubai? Supreme Services will assist you with that. From establishing effective business structures to ensuring service efficiency, and providing the right guidance for the same, Supreme Services will be with you every step of the way.
Dubai Professional Company Formation in UAE
Launch Your Professional Company in Dubai
If you are interested in starting a professional company in Dubai, you will definitely need an official license, which is essential for businesses that require intellectual or physical skills, such as consultancy, graphic design, or bookkeeping. The essential aspects of a Dubai Professional License are outlined below:
Nature of Business: It is suitable for individuals working in roles that involve intellectual and physical skills, or for companies operating as LLCs.
Ownership: Foreign investors can now fully own a professional company in Dubai Mainland without the need for a UAE national to hold the majority share.
Regulations: While a local partner is not required for ownership, a local service agent is still necessary. Their role includes helping with license renewals, obtaining employment visas, and interfacing with government and semi-government bodies.
These regulations provide more opportunities and control for professionals in Dubai. Supreme Services is committed to making the process smoother and compliant for all businesses. Learn more at Supreme Services.
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Major Differences Between Professional Companies and Civil Companies in Dubai
Understanding the differences between a professional company and a civil company is crucial when businesses choose their operational structure.
A professional company allows professionals to operate as a legally recognized entity with the help of licenses. It provides liability protection and tax benefits. It is also known as a Professional Corporation (PC), Professional Service Corporation (PSC), or Professional Association (PA). Examples of professionals in this category include engineers, doctors, lawyers, physicians, designers, and accountants.
On the other hand, a civil company is a business entity formed by two or more professionals coming together. Each partner in this venture must hold a professional degree in their respective field. Additionally, the owners of a civil company can belong to any nationality.
Professional Company License
Complete Guide to Professional Licenses in Dubai | Requirements and Benefits
Benefits of Starting a Professional Company in Dubai
Starting a professional company in Dubai offers numerous advantages, particularly for foreign investors and professionals. Here are the key benefits:
100% Foreign Ownership: Foreigners can have complete ownership of their professional company in Dubai, eliminating the need for local shareholders and providing greater control over business operations.
No Need for a Local Sponsor: Professional companies can operate without a local sponsor, simplifying the setup process and reducing complexities associated with local shareholders.
Engagement of Local Agents: While a local sponsor is not mandatory, professional companies can appoint local agents without equity. These agents assist in establishing the necessary connections with regulatory bodies and are engaged solely for service-related activities, not participating in management decisions.
Flexible Business Structure: Depending on the nature of the professional activity, the business can be structured as a Limited Liability Company (LLC), which protects the owners’ personal assets from the business’s liabilities.
Opportunity for Foreign Partnership: A foreign company expressing professional business activities can operate as a partner in a civil company, facilitating expanded operations and joint ventures in the UAE.
Operation under the UAE Civil Code: Professional companies are established under the UAE Civil Code, allowing them to engage in non-commercial activities and providing a transparent legal structure and operational environment focused solely on professional services.
Restrictions on Non-Civil Activities: Although a professional license-holding company has restrictions on engaging in commercial activities, its business focus remains on its core professional services.
These benefits, coupled with the UAE’s business-friendly environment, make it an attractive destination for professionals to start and operate their businesses.
Essential Services Provided by Business Consultants for Professionals
Business consultants like Supreme Services provide comprehensive services to professionals looking to establish their businesses in Dubai. These services streamline the process, ensure compliance with local regulations, and lay a solid foundation for business success. Here’s a breakdown of the services:
Visa and Employment Services:
Handling visa applications, obtaining work permits, and providing necessary translation services.
Legal Documentation and Approvals:
Submitting required documents and obtaining approvals from local authorities.
Finding a Local Service Agent:
Identifying a suitable local service agent to understand the local business environment.
Preparation of Legal Documents:
Preparing necessary documents such as partnership agreements and Memorandum of Association (MoA) for business registration.
Licensing and Company Setup:
Obtaining a professional license and providing support for timely business setup.
Banking Assistance:
Assisting in opening a corporate bank account for efficient financial management.
Office Space Services:
Finding suitable office spaces aligned with business needs and objectives.
Client Relations:
Ensuring mutual trust and transparent communication in the business operations.
Project Management:
Managing all processes efficiently to ensure timely deadlines.
These services are designed to reduce the bureaucratic burden for professionals and provide them with the necessary tools and connections to successfully launch their businesses in Dubai.
