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Local Agent

1372 Views 5 Replies 3 Participants Last post by  RoxiRocks
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.
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.
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.
This does not apply to Professional License where ownership is 100% expat with nominated person acting as local agent.
Agreed, thought when you said "professional trading company" you were refering to a larger firm. By the way, whats the taxation procedure for such a company in dubai ?
Agreed, thought when you said "professional trading company" you were refering to a larger firm. By the way, whats the taxation procedure for such a company in dubai ?
Annual licence renewal is a form of indirect taxation but apart from that there is none.
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