Dubai has established itself as a global hub for trade and commerce, attracting entrepreneurs and professionals from all over the world. One of the essential requirements for individuals looking to set up a business or practice in Dubai is obtaining a Dubai professional license. These permits, which are essential for doing specific tasks in the city, must be issued by the Dubai Department of Economic Development (DED). But for individuals who are new to the process, the regulations and steps for getting a professional license might be confusing and stressful.
This blog aims to provide a comprehensive overview of the professional license in Dubai, including the different types of licenses available, the requirements for obtaining one, and the benefits of setting up a business in the free zones in Dubai.
Requirements for Obtaining a Dubai Professional License
For those who want to open a business in Dubai, meeting the following prerequisites is needed in order to obtain a professional license:
Academic Background
The sort of professional license a candidate is applying for will determine what kind of educational background and work experience are required.
Business Strategy
The Dubai DED must receive a thorough business plan explaining the scope of the venture, financial forecasts, and other pertinent information.
Office Space
To obtain a professional license, you need an actual office location. The type of your business will determine the area of the office space.
Application Charges
The Dubai DED must receive the application payments from the applicant. They consist of administrative and licensing fees, costs associated with trademark registration, agency fees, government cultural fees, etc.
Local Partner
To receive a professional license, a local sponsor is necessary. A local partner will also be beneficial for you as he/she can guide you and help you out with minor conveniences you may suffer.
Reserve a Trade Name
It is necessary to reserve the trade name for your company with the Department of Economic Development as no legal proceedings can be done without it.
Process of Obtaining a Dubai Professional License
In Dubai, obtaining a professional license is a simple procedure that includes the following significant steps:
Specify the License Type
In order to receive a professional license, one must first ascertain the type of license that is necessary given the nature of the firm.
Select a Free Zone or Mainland
Choosing whether to establish the firm in a free zone or on the mainland is the next step. Free Zones in Dubai offer various benefits such as tax exemptions, 100% ownership, and repatriation of profits. Companies registered in free zones, however, are prohibited from operating outside the free zone.
The ability to operate anywhere in Dubai, however, comes with establishing a firm on the mainland, but businesses on the mainland need a local sponsor.
Reserve a Trade Name
The trade name of the company must be reserved with the DED after the type of license and location has been chosen.
Acquire Primary Approval
The next step is to get preliminary clearance from the DED by submitting the required paperwork, which includes the business plan, educational credentials, and workspace tenancy agreement.
Acquire External Endorsement
Depending on the nature of the company, approvals from external government organisations like the Dubai Municipality or the Dubai Health Authority are necessary.
Acquire Final Authorization
The final permission for the Dubai professional license will be given by the DED once all essential approvals have been received.
Obtain a Visa
The applicant can submit an application for a resident visa to live and work in Dubai after receiving the professional license.
Benefits of Obtaining a Dubai Professional License
The following are some advantages of getting a professional license in Dubai:
Legitimacy
An individual in Dubai who holds a professional license is competent to work in a certain industry or profession. A professional’s qualifications gain credibility through this license, increasing their reliability and credibility in the eyes of employers and clients.
Greater Remuneration
Obtaining a Dubai professional license might result in greater pay because it shows a person’s dedication to their line of work. Professionals who have spent their time, money, and effort to get a professional license are in high demand by employers.
Professional Development
A professional license in Dubai might help you advance your career. It demonstrates that a person has enough understanding of their field and is dedicated to continuing their professional development. Promotions and better-paying work possibilities may result from this.
Improved Career Opportunities
Dubai professional license holders make a wide range of career options available in numerous disciplines. Due to their expertise and skills, people with professional licenses are frequently preferred by companies in Dubai when hiring new employees.
Better Credibility
In Dubai, a professional license serves as proof that a person has met the qualifications necessary to practise their chosen profession. Improved trust among coworkers, clients, and employers can result in stronger working relationships and bigger commercial prospects.
Personal Development
In Dubai, obtaining a professional license necessitates a sizable time and energy commitment. As people pick up new abilities and comprehend their career better, this can result in personal growth and development.
Conclusion
Obtaining a professional license for starting a business in Dubai is a crucial step. The Dubai DED offers three different professional license types, and depending on the license type and the business, different requirements and procedures must be followed in order to receive the license.
Limited liability companies, free zone companies, branch offices, and representative offices are among the alternatives for company formation in Dubai in addition to acquiring a professional license.
It is essential to seek legal advice if you are thinking about launching a business in Dubai in order to comprehend the legal and regulatory requirements and make sure you adhere to all applicable rules and regulations.
