Bank Account Opening Assistance in Dubai
Acquire Your Professional License for Business Ventures
After acquiring a licence, opening a bank account is a crucial
next step for any business. We can assist you with banking in
Dubai or with opening an account. We can assist freezone
companies as well as mainland corporations in opening bank
accounts in the UAE thanks to our ties with numerous
institutions.
In short, a professional license is given to an individual or a
single-ownership company to do any profession in which
he/she delivers services based on their intellectual or artistic
talent. However, if the business has more than one owner, it
will be called a civil company. At Pioneer, we offer services to
get a professional license in Dubai.
Trademark Services
Banking Assistance
PRO Services
What Is a Professional License?
The purpose of a Professional License is evident from its name
– Yes, it’s meant for the professionals and the companies that
deal with professional or service-oriented activities. The
license is issued to an individual or a company where there is
scope to display or provide one’s intellectual or artistic
capabilities. Yes, it can be a skill displayed in a particular trade
or industry, for example, artisanship.
You must have a professional license in UAE to establish a
professional firm extending service to the customers. It could
be a professional tuition centre, an art centre, or any similar
entity. The license will mean that you are officially authorized
to carry out the said activities officially. Your firm will also be
included in the documents of the authority. Besides, it will be
helpful in case of any legal complications or disputes.
Facts Of Professional License
When it comes to Ownership rights of a Foreign investor, Professional License has a clear advantage over Commercial and Industrial License. Foreign investor enjoys 100%
Ownership of the business and this makes one entitled for Sole Proprietorship.
Professional Licenses in UAE are issued by confirming the educational entitlement and skill area of the applicant. Thus, preventing the individuals without any adequate qualification setting up a professional business in the UAE.
Professional Licenses in UAE are issued by confirming the educational entitlement and skill area of the applicant. Thus, preventing the individuals without any adequate qualification setting up a professional business in the UAE.
Even if the investor enjoys 100% ownership rights, getting a
local service agent is mandatory to fulfil the legal formalities.
The local service agent has no claims or rights regarding the
equity or functioning of the company.
The investor is liable to pay the annual service charge for
availing the services of the agent.
Initial Approval For Professional License
To get initial approval for a professional license in Dubai,
prepare a precise description of the business activity involved.
Assign a service agent to perform the official formalities in a
timely and systematic manner. Now you are in a position to
get the initial approval from the Department of Economic
Development (DED). Find a relevant trade name for your
business and reserve it. DED gives final approval after
document submission.
Here, you must abide by the regulations regarding naming of
the trade. The authorities have stipulations about naming
your professional entity. Political inclination and religious
references are not permitted in the trade name. If you intend
to use your name as the trade name, it should be in an
expanded version, without any abbreviations.
Documents Needed To Attain Professional License In Dubai
Application form duly filled Passport copy of the owner/
partner Naturalization book of partner (copy) Expatriate
partners require sponsor’s NOC. (Not applicable if the partner
is on Tourist/ Visit Visa – UID number is sufficient) Based on
the business activity and operation, the concerned authorities
issue the Initial Approval.
You have to submit the application to the DED, along with the
certificates and documents proving your professional
qualification and experience (if any). The officials at DED will
peruse the certificates and other documents before issuing
the professional license in UAE.
Instructions To Get A Professional License In Dubai
Prepare the local service agent agreement that assigns a UAE
national as your company’s service agent from a legal
translator. Get the service of a notary to attest the agreement
form. In case if the agreement is in Arabic, you don’t require
the seal of a legal translator.
Prepare the Memorandum Of Association(MOA) with the local
service agent.
IMAGE CTA
Frequently Asked Questions
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast
Far far away, behind the word mountains, far from the countries Vokalia and Consonantia, there live the blind texts. Separated they live in Bookmarksgrove right at the coast