Professional Firms

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Professional Firms

Foreign investors, who are qualified, can set up a partnership firm to carry out their professional practice activities. The firm shall be regarded as a professional company. There is no restriction of local equity-like Limited Liability Companies.


For setting up a professional firm or civil company, 100% foreign possession is permitted.   Such firms may participate in professional activities. The fundamental condition is the owner should have a proficient degree in the separate field and ought to demonstrate that he/she has relevant experience in that specific field.


For example, Chartered Accountants, Management Consultancies, legal consultancies and so forth.


The procedure starts with the trade name application and approval, trailed by the initial approval.