Dubai is a lucrative place to start a business either as an entrepreneur or professional service provider. To start legitimate business activity, one must have a valid trade or business license.
There are three types of business licenses in the UAE.
A commercial license is required for selling commodities in UAE. Even for those businesses which have an import and export business model, a commercial license is a must in addition to the import and export permit. However, a general trading license is sufficient for doing business transactions locally in the UAE. The general trading license allows business owners to engage in more than one activity under one License.
The industrial license is issued to companies who want to convert natural resources into new products. Business entrepreneurs with the same vision can get an industrial business license to start their company in the UAE.
A professional license is granted to service providers, craftsmen and artisans, and many more individuals who have the intellect and talent to practice any career.
Professional license is given to individuals who offer professional services in Dubai such as consulting, accounting and auditing, tourism, web designing, education, and other service based on ability and talent. The license gets issued by the DED (Department of Economic Development) in the emirate of Dubai. Dubai Mainland Company Formation license gets issued by the DED (Department of Economic Development) in the emirate of Dubai.
The following are some of the activities that the Dubai Government approves. These registered professionals must comply with the laws, rules, regulations, and compliances set by the respective Ministry.
A professional license allows a foreign investor to own 100 percent of the business, giving them the privilege of a sole proprietorship and exempted from having a local sponsor in Dubai as a shareholder. Instead, to complete the legal formalities, a local service agent who is a UAE national is required. The local service agent has no involvement in the business and only charges a fixed annual fee for the service he renders. They do not have a shareholder stake in the company and are not responsible for the professional firm's liabilities.
The first step toward applying for a professional license is to give details of the applicant's business activity. Also, the applicant must hire a local service agent to handle the application procedures, including legal documentation.
Professional License fees cost
The professional license fee in Dubai costs around AED 15000 and fluctuates with time. It includes
Documentation for Professional License Fees
About Absher Business Consultancy
A foreigner who wants to offer professional services in Dubai would require taking the assistance of business setup consultants in Dubai, such as Absher Business.
They are well-versed with the government laws and regulations required for issuing professional licenses and the application process. Our PRO Services help obtains a professional license and make things smooth for the applicant. Their services include coordinating with authorities for getting licenses and visas, getting local service agents, opening a bank account, and getting an office on rentals among rest others.