Professional firms (Civil Companies)
Qualified professionals in specialist sectors, that include doctors, accountants, lawyers, consultants, and engineers, can form a civil company in UAE. These companies should be established as partnerships with the business owners who have professional qualifications in their field of expertise.
The firm shall be regarded as a professional company. There is no restriction of 51% local equity-like Limited Liability Companies.
Our team at HLB HAMT supervise the entire process of establishing your professional firms. It includes strategic inputs and organizes the business plan, getting approvals and clearances from various departments, drafting Partnership agreements and MOA, finding local service agent, helping to open bank accounts, assisting to find proper office location and handling other documentation formalities.
Details at a glance
- Appointment of a UAE national as your local service agent.
- The local service agent will have no direct involvement in the business.
- Local service agents are paid a lump sum or a percentage of profits or on turnover.
- Allowed to do the non-commercial activity.
While associating with HLB Hamt, you get the combination of our in-depth local knowledge expertise and extensive experience, which gives us the ability to precisely understand the unique needs of your business. We are thus able to recommend the best possible options and ensure that your business is set up with minimal hassles.
Latest insights, case studies and news from across the network
Cyber Security Strategies in UAE
UAE, a highly advanced digital economy, has been at the forefront of embracing technologies, be it blockchain, artificial intelligence or cloud.
UAE Implements New Law to Support Financially Insolvent Individuals
The UAE Cabinet has approved a new Federal Law to manage insolvency cases, wherein support will be offered to debt-ridden individuals to repay debts within a span of three years.
New Accounting Requirements bring Leasing into the 21st century
IFRS 16 is an International Financial Report Standard (IFRS) promulgated by the International Accounting Standards Board (IASB) providing guidance on accounting for leases.