Understanding the Professional License In Dubai Mainland:
Procedure for Getting a Professional License in Dubai Mainland:
1. Determination of Business Activity:
2. Choosing a Business Name:
3. Seek for a Local Service Agent:
4. Prepare the Documentation:
5. Submitting the Application:
6. Secure Preliminary Approval:
7. MoA Attestation and Drafting:
8. Obtain a Business Location:
Dubai Mainland Business Setup costs involved:
Among others, some of the popular costs associated with mainland business setup include:
• License Fees
The main cost of obtaining a professional services license Dubai includes the license fee to be paid to DET. DET can charge a different license fee depending on the nature and scope of the business activities.
• Local Service Agent Fee
This is usually in the form of an annual remuneration that has to be paid for his services. The amount is negotiable and has to be agreed upon beforehand and mentioned in the service agent agreement.
• Office Rent
The office rent differs a lot in Dubai according to location and size of the office. You should keep the budget in hand that will let you rent an office during the setup of your business.
Benefits of Setting Up a Business in Dubai Mainland
• Strategic Location:
It’s located in the Middle East, Africa, and Asia, making it an ideal location for the base of international business operations.
• Infrastructure:
Dubai offers one of the most modern infrastructures: modern office space with state-of-the-art telecommunications and efficient and comprehensive transportation networks that support growth and ease of operations in business.
• Diverse Economy:
The Dubai economy has been diversified, offering a wide variety of business opportunities in the fields of finance, tourism, real estate, and technology.
• Business-Friendly Legislations:
The Dubai government also has set some business-friendly policies toward the betterment of the business environment, which includes tax holidays and 100 percent foreign ownership in specific business or industrial sectors, except for simplification of the regulatory procedures.
• Access to Talent:
With the cosmopolitan workforce of Dubai, MNCs have a chance to draw from a talent pool of skilled professionals who are diverse and talented from all parts of the world.
Conclusion:
Getting a professional license in Dubai’s mainland is a rather well-structured process. Of course, it needs proper planning and adherence to regulatory requirements. With the steps elaborated in this guide, you will efficiently go through the process to establish your professional services business in one of the most dynamic business environments in the world.
Be it for strategic benefits or growth potential, a mainland business setup in Dubai requires an understanding of the involved costs and the requirements. Right from choosing the proper business activity and name to arranging for a local service agent and office space, each step is very critical in the successful setup of your business.
The emirate’s unique geographical location, well-built infrastructure, and business-friendly policies make Dubai mainland the most alluring destination for any entrepreneur and professional looking to break barriers in order to meet with long-term success. With a professional license from DET, you will take part in a world of opportunities presented by this thriving economic hub and share its continued growth and development.