Professional license is issued to the professionals with right of 100% ownership opposite to commercial and industrial license where UAE national has to be 51% shareholders of the company.
However as per law company with professional license has to appoint UAE national as local service agent which mean he/she will not has any liability or equity in the company but he/she can represent the company in any government authority if required. An agreed fixed amount has to be paid to the local service agent annually.
Basically the concept of professional license is introduced by DED to offer complete right to professional expats so that they can incorporate a sole proprietorship company. There are list of professional activities offered by Dubai Economy department which can be matched as per the qualification and business field of applicant and one activity is allowed for each license.
Requirements to register professional licensee:
All you need for registration of professional license is
- Passport copy
- Visa copy (If inside U.A.E)
- NOC from sponsor (If applicant is working in U.A.E)
- Qualification certificate (If required Activity authority)
- Description to choose right activity 5. Local service agent
- Sustainability contract or office rental agreement.
- Local service agent