The Local Service Agent legally represents your company before Government agencies and is to be paid a Local Service Fee in return for his/her/its services. You need to enter into a Local Service Agreement that clearly outlines the Local Service Fee with the Local Service Agent and get it notarized by a Notary Public. Depending on the Local Service Agreement, the Local Service Fee can be paid on a monthly / quarterly / half-yearly/ annual basis.
If there is more than one business owner, the company formed by the partners is known as a Civil Company. This is meant for professionals like engineers, doctors, lawyers and accountants. A foreign company can be a shareholder in a Civil Company, provided it is engaged in the same field overseas as the Civil Company in the United Arab Emirates.
The documents pertaining to individuals have to be submitted for every shareholder, in case there are multiple shareholders. If any of the shareholders is another company, then the company formation documents, duly translated and attested for legal use if in a foreign language, also need to be submitted. This is only an indicative list and not exhaustive in nature. A company formation specialist can advise you on what documentation is needed when setting up your company.
We have years of experience in the field. We have been of assistance to clients from 100 countries around the world and we have an excellent client satisfaction rate to speak of so far. We take of the paperwork, so that you don’t have to. This way, you can focus on doing what you do best – running your business.