P.O. Box: 90033
Dubai - United Arab
Tel: +971 4 234 4346
Fax: +971 4 234 4347
What is the difference between Commercial and Professional License?
Professional license allows professionally qualified individuals (like Doctors, Consultants, Engineers etc..) to perform their area of expertise in Dubai.
A commercial license permits the Companies to carry out commercial activities such as trading, construction, renting etc. in UAE. The contribution of foreign investment in such companies should be limited to 49%.
Who shall be appointed a local service agent for a branch of a foreign company in Dubai/Abu Dhabi?
Only UAE nationals or companies 100% owned by UAE nationals may be appointed as local service agents.
Is it possible to open a branch office of a local company (UAE) in any other Emirate or same Emirate?
Yes, office with same/similar type of activity can be opened in other Emirate or the same Emirate but different location as a branch. The activities in the license are subject to the approval from the Economic Development Office. For applying for setting up of a branch the incorporation documents of the parent company will be required.
Can I open a bank account for my new business started in UAE?
Yes, upon establishment of your new business we can assist you in opening of a bank account with international & local banks as per the your requirements.
Can I make amendments in the license in future?
Yes, We can help you with any changes you may require to make such as adding activities, shareholders etc.. (subject to approval).
What does an Offshore Company means?
The term offshore refers to the different jurisdictions which offer financial confidentiality and are typically characterized having bank secrecy laws, no tax on profits, revenues, interest, inheritance, capital gains and income. For more details please contact us.
Would it be possible to open a bank account for an Offshore Company in UAE?
Yes, you can open a corporate bank account in UAE or anywhere in the world*in the name of an Offshore Company. For more details please contact us. *Local laws applicable.
Can an offshore company have an office in UAE and obtain visa?
No, offshore companies are barred from having an office and obtaining visas.