Professional License in Dubai
Dubai, known for its ultra-modern architecture, bustling trade, and business-friendly environment, beckons entrepreneurs and investors from across the globe. A key to establishing a successful business here is obtaining a Professional License in Dubai, a testament to the city’s commitment to nurturing talent and entrepreneurship. This article will provide an essential guide for securing this license, vital for operating within the emirate’s dynamic economic landscape.
Understanding the Professional License in Dubai
A Professional License in Dubai allows entrepreneurs to provide expertise-based services. Whether you are a consultant, a healthcare provider, or an artist, this license is your gateway to legally offering your skills. It is the cornerstone for individuals and companies aiming to deliver professional services in one of the world’s most vibrant cities.
Activities Permitted Under a Professional License in Dubai
A professional license in Dubai allows individuals and companies to engage in a wide range of professional activities. Here are some of the activities permitted under this license:
- Consultancy Services: Whether you’re an IT consultant, management consultant, or financial advisor, a professional license in Dubai opens doors to providing consultancy services in your area of expertise.
- Legal and Accounting Services: If you are a qualified lawyer or accountant, Dubai welcomes you to offer your expertise to businesses seeking guidance in the legal and financial aspects of their operations.
- Healthcare Services: Healthcare professionals like doctors, dentists, and pharmacists can establish their clinics or practices under this license, ensuring that the highest medical standards are met in Dubai.
- Engineering Services: If you are an engineer or architect, you can provide your expertise in construction and infrastructure projects in this dynamic city.
- Creative and Media Services: Artists, photographers, writers, and media professionals can offer their creative services, making Dubai a hub for artistic expression and innovation.
Documents Required for Obtaining a Professional License
To set up your business in Dubai and acquire a Professional License, you will need a specific set of documents.
Here’s a checklist of the essential paperwork:
- Trade Name Reservation: Choose a unique trade name for your business and obtain approval from the Department of Economic Development (DED). Ensure the name aligns with your chosen activity.
- Memorandum of Association (MOA): Prepare a Memorandum of Association detailing the structure of your business, including shareholders, their roles, and ownership percentages.
- Proof of Qualifications: You’ll need to present evidence of your professional qualifications and relevant experience, especially for activities that require specific expertise.
- Passport and Visa Copies: Provide copies of each person’s passport and visa for every company stakeholder.
- No Objection Certificate (NOC): If required, obtain an NOC from your present employer if you are an expatriate working in Dubai. This ensures you are not violating any employment contracts.
- Premises Approval: Obtain DED approval for the space that will be used by your company.
Procedure for Obtaining a Professional License
Now that you have your documents in order, it’s time to navigate the procedure for obtaining a professional license in Dubai:
1. Select Your Business Activity
Decide on the specific professional activity you wish to undertake and choose a trade name that aligns with it.
2. Choose the Appropriate Jurisdiction
Dubai provides a range of mainland and free zone alternatives. You’ll need to select the one that best fits your company’s model. Free zones provide 100% foreign ownership, while the mainland requires a local sponsor.
3. Application Submission
Submit your application and documents to the Department of Economic Development (DED) or the relevant authorities for the free zone.
4. Name Reservation
The relevant authority will review and approve your trade name. It is imperative to confirm that the name you have selected conforms with their requirements.
5. Licensing and Approvals
Once your name is approved, the DED or free zone authority will issue your Professional License, along with any other permits or approvals needed for your specific activity.
6. Office Space
Set up your business premises and make sure they adhere to the rules and regulations.
7. Visa Application
Depending on your business structure and location, apply for the appropriate visas for both you and your staff members.
Costs of Acquiring a Professional License
The cost of acquiring a Professional License in Dubai can vary depending on several factors, including the business activity, the chosen jurisdiction, and the number of employees.
Here’s a general overview of the expenses involved:
- License Fee: The cost of the license itself can range from AED 10,000 to AED 30,000, depending on the activity and the jurisdiction.
- Office Space: Rent for office space varies significantly, however, you must set aside money for this expense.
- Visa Fees: Visa processing and issuance fees for yourself and your employees are between AED 3,000 to AED 5,000 per visa.
- Legal and Documentation Fees: Engaging legal and documentation services can add another AED 5,000 to AED 10,000 to your expenses.
- Miscellaneous Costs: Be prepared for other costs related to inspections, approvals, and renewals, which can vary depending on your activity.
Acquiring a professional license in Dubai is a strategic move for business entrepreneurs and investors looking to tap into the immense potential of this global city. Dubai’s thriving economy, strategic location, and business-friendly environment make it a prime destination for professionals seeking to expand their horizons. By offering a diverse array of permitted activities, streamlined procedures, and a wealth of business opportunities, Dubai has established itself as a magnet for innovative and enterprising individuals.
This can easily be checked by seeing if the NIP or REGON are associated with the company in question. In the case of a sole proprietorship, they don’t own a KRS number so the NIP or REGON needs to be checked.
Share capital amount around PLN 50,000 is necessary to form a company, and it is also crucial to have NIP or REGON also including the register of VAT payment.
CEIDG is a business book of entries with info on self-employed entrepreneurs. Any sole trader must register in CEIDG.