The Emirate of Dubai is very keen on attracting international investments in the area by enabling foreign individuals to set up their business operations in the United Arab Emirates.
Dubai is an excellent place to start a business as an entrepreneur or business leader who has the drive to sell goods and services outside borders. Dubai is an ideal location for any businessman to establish a company due to its favorable tax system. However, in order to start a business in Dubai, you must have a valid license. For various companies.
A professional license is given to a person or a corporation to practice any career that relies on talent and intellectual ability, as previously described. However, if the owner of such a corporation is more than one individual, it is referred to as a civil company.
Individuals who wish to provide professional services in Dubai, such as consulting, auditing and accounting, design, tourism advice, study, and other professional services based on ability, talent, or experience, must first obtain a professional license from the DED.
As a holder of a professional license, you are legally permitted to work for or provide your services to any customer, client, or employer in the United Arab Emirates, and you are permitted to engage in activities that are consistent with your qualifications and area of expertise.
Professional services in Dubai necessitate talent, knowledge, analytical ability, and experience in order to complete tasks or projects independently while ensuring quality and adhering to Dubai government agencies’ and authorities’ requirements.
Government agencies in Dubai are responsible for managing industry standards by sector, enforcing legislation, ensuring health and safety, and ensuring that business is conducted only by registered professionals who follow the laws, regulations, and compliances set forth by the respective Ministry.
Unlike industrial and commercial licenses, a professional license enables foreign investors to own 100 percent of the business, granting them the privileges of a sole proprietorship. To complete the judicial formalities, it is necessary to appoint a UAE national as a local service agent. Apart from charging a fixed annual fee for the service, the agent has no direct involvement in the business.
They will have no equity and will not be responsible for the company’s liabilities. To obtain a professional license, one must contact the Department of Economic Development (DED), which is responsible for all license-related activities in Dubai.
When applying for a professional license, the first and most important step is to provide a detailed overview of the activities carried out in one’s company. The next move is to hire a local service agent to handle all of the legal paperwork needed to obtain a professional license in Dubai.
Obtain initial approval from the DED following the appointment. Apart from that, you must reserve a business name (for which there is a fee) and then send all necessary documents to the DED for approval.
Professional License costs In Dubai are around AED 15,310 to AED 28,500 including the following Professional license fees, Trade name fees, Service agent fees, Market fees (depending upon the tenancy amount), Government cultural fees, Administrative service fees, Local fees, etc.
The cost of a professional license in Dubai will fluctuate over time. Various service charges are included in the overall cost, and they are as follows:
