Premier Professional license in dubai, Cost, Process
An investor’s ability to provide particular professional services in Dubai, United Arab Emirates, is granted by a professional license. The Department of Economic Development (DED) provides this license, which is meant for businesses that provide the experts in the United Arab Emirates. This license permits a variety of commercial operations, including consultancy, IT and medical services, and handicrafts by artisans.
What is a DED professional license in dubai?
Companies in Dubai that want to provide services need to obtain a professional license in dubai. The license can only be granted by the Department of Economic Development (DED). Only people with a professional degree and a great deal of experience in a particular subject are eligible for this license.Business owners in Dubai typically struggle to choose between applying for a commercial or professional license in dubai. Many company ventures in Dubai could be eligible for these licenses.
Benefits of a Professional License in Dubai
The greatest choice for companies hoping to operate professionally in Dubai and the UAE is a professional license.
Let’s examine the primary benefits of possessing a Dubai professional business license:
Complete ownership of the business
Minimal running expenses
Permits a variety of commercial operations
Permits interaction with a variety of customers and markets
Having access to a business bank account
Permits the filing of labor quota, license, and visa applications.
who requires a DED professional license in dubai
All commercial or business operations in Dubai only require a trade license to be operational. An administrative system that assigns different license classifications to the different industries has been developed by the DED.
Thus, providing enhanced regulatory and advantageous assistance. But, choosing the right trade license is essential if you want to launch your company in Dubai.
In addition, a company or someone with formal training is called a professional. The following individuals and companies in Dubai require a DED professional license in dubai :
- Accountants, Auditors, and Financial Advisors
- Advertising Professionals
- Entertainment Artists
- Architectural Consultants
- Teachers and Educational Professionals
- Business Consultants
- Lawyers and Legal Advisors
- Carpentry and Artisanal Activities
- Technical Services
- Consultancies
- Printing and Publishing
- Internet and Web Design Services
- Beauty Salons
- Accounting and Auditing Companies
- Information Technology Services
- Management Consultancies
- Healthcare and Medical Services
How to get a Dubai professional license in dubai ?
The initial step in obtaining a DED professional license in Dubai is documentation. It is recommended to gather the necessary paperwork and have it ready in advance. As a result, the type of business determines the documentation needed
Documents required for Professional license
- Application Form
- Copies of the foreign business owner's passport
- Copies of the foreign company owner(s)' Emirates IDs, if any, if they are UAE residents
- If the foreign business owner(s) is not a UAE resident, show copy(s) of their visit visa.
- The local partner's copies of their passport and Emirates ID
- NOC from the sponsor of the foreign company owner
- Additional DED-listed approvals
- Additionally, permissions from the Roads and Transport Authority (RTA) and the Municipality (where applicable)
Process to Get a DED Professional License
- The first step in applying for a professional license in dubai is to include any pertinent information about the type of business you plan to conduct. To receive comprehensive assistance with the legal documentation and choosing the best local service agent, you can engage with a business setup consultancy.
- The following are the fundamental procedures to get a professional license in Dubai in 2024:
- Join forces with an Arab Business Advisor
- Choose a business venture.
- Select the legal framework for your company. Obtain a commercial name registration.
- Obtain DED permission for all first approvals.
- Submit an application and pay the costs for a professional license in Dubai.
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Cost of a professional license in Dubai, UAE
A Dubai professional license costs around AED 15,310 and includes the following. fees related to government cultural fees, municipal taxes, market fees (depending on the term of the tenancy), professional licenses, trade names, service agents, administrative service fees, etc.
Can a professional company have 100% ownership?
In Dubai, the biggest advantage of having a DED professional license in dubai is being able to totally control your company. Companies holding trade licenses other than professional licenses are required to work with UAE nationals. According to UAE legislation, the foreign partner will control 49% of the company’s shares, while the UAE local will own 51% of them.
Signing a contract with a local service agent and paying an annual fee to them is the only criterion for getting a professional license. However, ownership remains solely with you. Professionally licensed businesses operating in Dubai are required to use a local agent for any transactions involving the government. We will, however, operate as your neighborhood service agent with ICONS Business Setup and create a contract that will safeguard your ownership and investment.