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Discussion Starter · #1 ·
When setting up a professional trading company, according to Dubai DED, a local agent is a must.
I am not clear if the agent has to be an emirati/gcc person. What role does the agent play in setting up the company?
Has anyone setup a professional licensed company who is willing to share their experience?
 

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Most companies have a P.R.O. (Public Relations Officer) who will handle all the bureaucracy and legal requirements of setting up a company, and the day to day visa / employment needs.

Not always a local, but certainly an Arabic speaker who is well connected.

They are worth their weight in gold.
 

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Unless the company has been already established in another country & you wanted to open a branch in Dubai, a local partner is needed with a shareholding of not less than 51% of the paid-up capital, GCC citizens can start their own companies alone or with other GCC partners, however not with a non-GCC partner in which that company would still require a local participant.
 

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Discussion Starter · #4 ·
Unless the company has been already established in another country & you wanted to open a branch in Dubai, a local partner is needed with a shareholding of not less than 51% of the paid-up capital, GCC citizens can start their own companies alone or with other GCC partners, however not with a non-GCC partner in which that company would still require a local participant.
This does not apply to Professional License where ownership is 100% expat with nominated person acting as local agent.
 
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