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Dubai is currently on its way to becoming one of the most sought-after economic hubs, on a global scale. If you are a new business owner, or are setting out to chase your Dubai dreams from today, you might want to get started with getting a professional license for your business. In this blog, we have prepared a clear and informative guide that will help you to get set to acquire your professional license in Dubai.
The Department of Economic Development (DED), issues a document or a permit that is known as a professional license, that allows individuals or companies to sell their professional services in Dubai.
In other words, if you are a company owner, or a solopreneur, it is crucial to obtain this license, so that you can begin your services or your business processes in Dubai. This applies if you’re seeking to provide legal counsel services, or even if you wish to open up an art studio.
It is crucial to abide by the rules of the DED. Look at it like this, you cannot cut the hair of people without owning a pair of scissors.
Some of the multiple benefits of having a professional license are:
One of the biggest facts about having a professional license in Dubai is that it allows you to have 100% ownership over your business.
An upper hand that holding a professional license in Dubai can give anyone, is the space to run your business without any need for a Local Sponsor. The results- faster procedures, and lesser paperwork.
The lack of need for a local sponsor to start your business in Dubai also comes with the exemption from fees related to the same, as well as the profit margins. Without the need to establish this particular entity, it also brings a particular clarity to financial papers, and overall, there is a lesser expenditure due to this.
Some processes can be better understood in a step-by-step manner. The first unsaid rule of applying for a professional license in Dubai is to have the necessary qualifications for the service that you are about to begin.
For example, if you are thinking of opening an arena for legal counsel, but aren’t qualified as a lawyer by education and practice, you will not be issued a license.
The same goes for opening a clinic, if you are not a trained medical physician, and do not hold a relevant degree, there is no professional license coming your way.
Now, for the cases where you do have qualifications, and every other necessary document, here is what the process looks like:
The first step in applying for any permit or license for a business is to properly identify and define the business activity.
Every business conforms to a general legal structure at the foremost. For this, you can choose between sole proprietorship, and Limited Liability Company (LLC).
Along with choosing the business activity, it is also crucial to choose a business name, as well as identify the location where you will be primarily conducting the business.
Applying for any official permit or license, requires a lot of work, and documentation. If you are a foreign national, make sure to keep your passport copies, visa approvals, and any other document required by the DED ready.
Apply for an initial approval from the DED. That is, the DED has to specifically issue you an initial approval, stating that they have no objections to your business.
Wait for the final approval once you receive your initial approval. Here is when your application for setting up a business gets thoroughly assessed, and you are granted a professional license.
Getting a professional license is the literal beginning of starting a business in Dubai. The process includes getting various aspects checked on the business front, as well as the entrepreneurs having the right qualifications for it.
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Get CDA on your side to handle tedious processes of documentation, and guide you along the right path to take while initial setup of your business. Our experienced team can assist you in getting all the licenses approved and sorted. We will also provide you with the required assistance for getting your business placed in the market and providing it a good head start.
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