Value added Tax or VAT was introduced in the UAE on 1st January 2018 at the rate of 5% [..]
What does substance mean? [..]DUBAI PROFESSIONAL LICENSES
Our Commitment
- Your Dubai Professional License issued within 10 working days. *
- Competitive and transparent pricing
- Complete confidentiality
- UAE Residency Visa for you and family members.
- Setting up your company with a bank account including eBanking and debit card
Dubai Professional License Company characteristics:
| Company type | Sole Proprietorship or Civil Company |
| Governing corporate legislation | Department of Economic Development Dubai |
| Information published relating to company officers | No public register of company officers |
| Confidentiality | Complete confidentiality |
| Accounting requirement | No accounting or reporting requirements |
| Taxation | No corporate taxes |
| Legislation | UAE Civil Code |
| Standard currency | UAE Dirhams pegged to USD |
| Time to form | 10 working days |
| Communication | Efficient communication |
| Local sponsor requirement | Local service agent is needed |
| Residence Visa issuance | Residence Visa issued |
Information concerning Dubai Professional License
Foreign nationals may own 100% of the firm in most cases. However, exceptions exist in certain sectors and you must involve a UAE national either in holding a certain number of shares in the company, or with an active involvement in the company management.
This type of incorporation allows the license holder to operate a business, be it accounting, medical, consulting etc. This versatile license is one of the most common due to its flexibility. It’s especially useful in the management consultancy area. It permits you to bill companies established in the UAE and abroad for your services, and to hold UAE and worldwide bank accounts. For this license, one must hold office space in the UAE. SFM can help identify suitable premises and arrange virtual offices.
If you want to learn more about commercial licenses in the UAE, check out Dubai Commercial Licenses here.
* Please see our Terms & Conditions
