Free Zones in Dubai is one of the major business support systems that is driving the new company registrations in UAE. For conducting a service-related business activity, investors must obtain a Professional License in Dubai.
The Free Zones are the perfect choice for obtaining a Professional License in Dubai. There are exceptional business benefits for the investor when operating in a Free Zone.
A Free Zone Professional License in Dubai will permit the investor to set up a Free Zone company in the region. They can conduct services ranging from consultancy, accounting, marketing, software development consulting, legal solutions, and more.
There is an immense business opportunity for Professional Service Providers in Dubai, UAE. Most of the companies operating in Dubai are in regular search of expert professional consultancies for fulfilling their various business requirements.
Why Get a Free Zone Professional License in Dubai?
Getting a Free Zone Professional License in Dubai has many advantages for investors. Investors can set up a professional services company in the Free Zone and deliver services across UAE and globally.
The quick and easy company formation process, low-cost company packages, variety of office spaces, expert assistance from experienced business consultants in Dubai, etc., are a few benefits to name.
There are also a handful of business benefits the free zones offer its investors such as 100% foreign ownership, custom duty exemptions, tax-free income, easy company setup, etc.
Also, the Free Zones offer world-class business infrastructure, easy access to the world market, a multinational population, a diverse talent pool, and a host of other business benefits for investors.
Depending on the business requirements, the investor can take an office space from the Free Zone or operate virtually using the Free Zone Professional License in Dubai.
However, it is advisable to take an office space to hire employees and provide a formal set up for the professional services company. Also, for the opening of a Corporate Bank Account in Dubai, it is mandatory to have an office space for passing the KYC norms.
How to Apply for a Professional License from a Free Zone in Dubai
The investor must follow certain process to obtain the Free Zone Professional License in Dubai. The process is relatively straight-forward and is best to seek assistance of an expert Business Consultants such as AURION. It will help speed up the License issuance and not meet any hurdles on the way.
The licensing procedures in the Freezones of UAE are almost common irrespective of the business license type chosen.
There would be variations in the document submissions depending on the license types. For certain business activities like healthcare, education, banking, etc, there are special approvals required.
For example, one must have special clearances from the government departments like the Dubai Health Authority, Knowledge, Human Development Authority (KHDA), and Central Bank of UAE for business activities in the field of healthcare, education, and banking.
There are variations are on the list of business activities within each license type under various Free zones.
Choosing the right Business Activity and the respective Free Zone
Certain business activities like Banking & Financial Investment activities will not be available in a media-related Free Zone. Also, the documentation, professional license procedures, and cost would vary across the Free Zones of UAE.
The most popular free zones offering professional license in Dubai is the Dubai Airport Free Zone, DMCC, and Dubai South.
There are many cost-effective options available at the International Free Zone Authority, Sharjah Airport International Freezone, etc.
There are various company formation packages across the free zones that offer Professional licenses along with multiple visa quotas for employee & investor residence visas, and office spaces (flexible, executive, shared offices).
To know more read: Company Formation in Free Zones of UAE
Free Zone Professional License in Dubai – Steps to Follow
The first and most important step in applying for the professional license in Dubai Freezones is choosing the right business activities under your professional license.
Most Freezones allow the inclusion of up to 10 related business activities under the Professional License. You are legally entrusted by the Free zone authorities to carry out the mentioned activities under your professional license.
Legal Entity in the Free Zones of Dubai
So the first step is choosing the right legal entity for your company setup. Following are the legal entities available in the Free zones:
- Free Zone Limited Liability Company (FZ LLC) or Free Zone Company (FZ Co.)
- Free Zone Establishment (FZE)
The major difference in these legal entities is the number of shareholders, also where a shareholder is a natural person or a legal entity (Holding company).
All Free Zones in UAE do not register all of the above legal entities, your business consultant would be the right source to advise the legal entity for your company.
Next, is choosing the trade name for your professional entity, and then applying for a professional license.
Preparing the application and supporting documents for the professional license is best to be done with the assistance of experienced business consultants.
The application has to include a few supporting documents, clearances from the authorities, payment of registration fees, getting approvals, etc.
Business Consultants would be able to guide you effectively and get you the business license in the most comfortable way.
Documents required to Get a Professional License in Dubai
- Filled in Application Form
- Supporting documents upon request: Business plan, any existing trade license (for existing company/local company)
- Passport copies, signatures of company shareholders, and appointed managers
- Personal bank statements of shareholders or audited financial reports of the corporate entity (if the company is the shareholder)
- NOC from current sponsors (for individuals)
- Any supporting documents requested by the Free zone authority
- Completed application for registration
- Board resolution, Power of attorney, Memorandum and articles of association, specimen signature of the appointed Manager/ Director (Notarised and attested)
- Passport copy & photo of the Managing Director
- Share capital information
Licensing and Visa process
- Lease agreement preparation by the respective free zone authority
- Issuance of Professional License
- Residence Visa processing
Depending on the Freezone authority the process, documents required and the steps involved in the company registration will vary.
To know more about company registration in UAE, give us a call right away!
Activities Covered under Professional License in Dubai
The following are the activities listed under the Professional License in Dubai. This is not an exhaustive list, there are many more activities listed under the Professional License category.
You can contact the business consultants, for a detailed list of activities to choose from before applying for the trade license.
- Insurance Consultancies
- Computer Consultancies
- Information Technology Consultants
- Customs Consultant
- Fire Safety Consultancy
- Construction Engineering Consultancy
- Advertising Consultancies
- Fashion Designing
- Hotel Management Consultancy
- Facilities Management
- Immigration Consultancy
- Corporate Services Provider
- Educational Consultancies
- Health Awareness Consultancy
- Marketing Research & Consultancies
- Project Management Consultancy
- Media Consultancy
- And many more
Other License Types Available in Free Zones of Dubai
Commercial License in Dubai
For all businesses involved in trading in and outside of the UAE, a commercial license is mandatory. Any company involved in trading, buying and selling goods, import/export, etc. must have to obtain a Commercial License in Dubai from the respective authorities.
Industrial License in Dubai
Industrial License is issued to all companies that are in the manufacturing of equipment, clothes, durable items, etc. For manufacturing or industrial licenses, the company must have a physical office in Dubai.
For any queries on obtaining a professional license and opening a company in UAE, talk to our expert consultants right away!
Contact: Aurion Business Consultants