A consultancy License from Dubai Economy is considered as an individual ownership liability. Individuals can form a civil work company by adding shareholders (all professionals) and registering a trade name with the Dubai Economy. The investors have to submit the attested degree for the specialized license and attend the exam (Management Skills Placement Test) to qualify for the professional consultancy license.
The key benefit of Dubai consultancy license is 100% foreign shareholding ownership. However, a local Agent has to be appointed for a yearly fee for liaising with the government for administrative works. Also, individuals registered with Dubai Economy could take up government projects and contracts. The investors have flexibility in setting up their office anywhere in UAE and operate with UAE and international clients from their office or anywhere.