A professional company in Dubai is an organization which operates out of the intellectual efforts of its partners. For example, a law firm is a professional company – since its business is dependent on the expertise and educational qualifications of the lawyers constituting it. Examples of professional companies are IT consultancy, legal consultancy, accountancy, education, administrative services, management consultancy, etc. The emirate has explicit norms that guide the conduct of professional companies. For instance, professional service providers serve from certified trade licenses, so as to imbibe professionalism. Some of these professional trade licenses make necessary the attainment of certain qualifications and examinations – based on the sensitivity of the field.
The government monitors the service providers’ assets and marketing tools like websites and advertisement content, to ensure compliance with cultural and professional etiquette. It has also carried out sundry actions to facilitate order and clarity in the application and performance of the business in professional companies. Keeping in mind that professional activities are knowledge-oriented, the government has ensured must- have academic qualifications for shareholders – to purvey efficient professional services across the UAE.
A professional company in Dubai can be wholly owned by expatriate shareholders, requiring a UAE national as a service agent – who does not hold shares in the company but may receive a fixed annual charge for acting as the service agent.
Professional companies abound in Dubai, given the plethora of opportunities this land offers. Commitbiz supports firms and businessmen set up their company in Dubai through business incorporation, registration, accounting, bookkeeping, taxation, and company secretarial services. We assist our clients to penetrate into the booming economy by taking care of all the legal formalities and customary requirements. We like to see to it that you utilize the opportunities that Dubai has to offer in the most optimal way for your company. For business setup services in Dubai, do get in touch with us – we’d be happy to help.