For professional firm 100% foreign ownership is permitted. Such firms may engage in professional or artisan activities. A UAE national must be appointed as local service agent. But he has no direct involvement in the business and is paid a lump sum service charge. The role of the local service agent is to assist in obtaining license, visas, labour cards, etc. All services related activities include in professional firms. A Local Service Agent Agreement to be prepared and attested from the court. Partnership also permitted in Professional Firms. One or more foreigners/UAE national can be partners. In such case a Business Partnership Agreement also to be prepared and attested from the court.
First: Documents required for Initial Approval
- Registration and licensing application, as well as proof of reserved trade name.
Photocopy of applicant’s passport (together with residence permit / visa details for non-GCC states nationals).
- Photocopy of applicant’s naturalization identification for UAE nationals only.
- No-objection letter from the applicant’s current sponsor for non GCC nationals.
- Photocopy of the director’s passport, and no-objection letter from the director’s current sponsor.
- Permission from the court to practice business, for applicants under 21 years.
- Approval issued by other Government authorities according to the type of activity.
Second: Documents required after getting the Initial Approval
- Initial Approval receipt
- All documents submitted before in order to get the Initial Approval.
- Photocopy of office lease including the plot number.
- Appointment contract of Local Services Agent duly authenticated by the Notary Public in the Emirate for professional licenses of non GCC nationals
Conditions for Selecting & Approval of Trade Names
The following trade names may be given to local companies against payment of certain annual fees.
- Names that indicate the firm’s coverage of activities. (e.g. National, Gulf, International, Global, Asian, or Regional).
- AED.1000 On condition that the word indicates the firm’s activity and not a distinguishing word for it.
- Foreign name for a firm using the trade name or trade mark of an international company AED.1000 On condition that the firm’s owner has a written approval from the foreign company for using its name or trade mark.
- Foreign name for an ordinary firm AED.2000 When writing the trade name in Arabic words as pronounced in English.
- A name including abbreviations either in Arabic or English (e.g. A C) AED.2000
- A name including either of these words: UAE, Emirates, Dubai, Gulf. AED.2000
- A name including numbers. Ex. 2000 Grocery AED.2000
- A name including Arabized words i.e has a corresponding Arabic or foreign word (e.g Platinum) AED.1000