Professional firms (Civil Companies)
Are you a management consultant? Do you run a marketing consultancy or any other professional business? If yes then you would be amazed at the opportunities available to people like you in the marvelous world of Dubai. This absolutely stunning emirate is a potpourri of the nonpareil from all walks of life, ranging from the arts to the sciences to the pure business minded. And the law in Dubai gladly permits such professionals as you to carry out their activities, save for a few formalities. At HLB Hamt we are here to deal with them, so that you can extend your services to this desert rose. Foreign investors are welcome to set up partnership firms to execute their professional practice in UAE and such organizations are treated as professional companies, hence enjoying all benefits associated with this status such as no restrictions on 51% local equity, in contrast to Limited Liability Companies which face this hurdle.
For setting up such a firm, a UAE national needs to be appointed as a local service agent. But you need not worry as this agent shall have no direct involvement in your business and shall only be allowed to non-commercial activity, as per the law of the land. Further, the agent may be paid a lump sum amount or a percentage of either the profit or the turnover as agreed upon prior to the incorporation of the firm, assuring that you do not have to keep him on your payroll, saving you money in the long run and also increasing the privacy of your business practices.
We, at HLB Hamt have in-depth local knowledge and expertise at managing such ventures garnered through overseeing many such events. Our vast experience in this arena gives us the ability to precisely understand the unique needs of your business after a thorough analysis and thereafter deliver the best possible recommendations for its success. We ensure that your business gets up and running without any hassles and minimal effort from your side, so you are free to focus on the core activities. We supervise the entire process of establishment of your firm, including procuring approvals and clearances from various government departments so that you do not have to run from pillar to post, organizing your business plan accordingly and providing specific strategic inputs to you. We shall also assist you in finding a local service agent perfect for your purpose and drafting partnership agreement with him. Memorandum of Association and other documents shall be most promptly prepared by us for your convenience.
Once we have found a local service agent and received the necessary clearances, the next step is to find the optimum location for your office so as to maximize the business potential. This is an important part of the process since the location is the absolutely most important aspect of any real estate, especially so for a business organization looking to create clientele in a busy city. Our long presence in this area shall be of great benefit to your business. Besides these, we shall also help with the opening bank account so that your organization saves time on the paperwork and all other documentation formalities pertaining to the government regulations.
So look no further, come to Dubai. This is where you can give wings to your professional practice and services. And HLB Hamt is here to help you achieve the same. Give us a chance to serve you and you will be happy to build a life long association with us.