VAT Consultants in Dubai, UAE
We ensure timely Value Added Tax registration and return filing for your business.
We ensure timely Value Added Tax registration and return filing for your business.
What Is a Professional License?
A Professional License is designed for professionals and companies engaged in service-oriented activities, clearly indicating its purpose. The license is granted to individuals or businesses that offer opportunities to showcase their intellectual or artistic talents. This could include skills demonstrated in specific trades or industries, such as craftsmanship.
To set up a professional firm that provides services to clients in the UAE, obtaining a professional license is essential. This could pertain to a variety of entities, such as a tutoring center, an art studio, or any similar establishment. Holding this license signifies that you are officially permitted to conduct the specified activities. Your firm will be officially documented by the authorities, which can also serve as valuable protection in the event of legal issues or disputes.
Facts Of Professional License
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.
Facts About Professional Licenses
Although investors have full ownership rights, they must engage a local service agent to comply with legal requirements. The agent has no equity or operational rights, and the investor is responsible for their annual service fee.
Professional Licenses in the UAE are issued based on the applicant’s educational qualifications and area of expertise. This requirement helps prevent individuals without adequate qualifications from establishing a professional business in the UAE.
While the investor retains complete ownership rights, it is essential to enlist a local service agent to ensure compliance with legal requirements. The local service agent has no claims or rights regarding the equity or operations of the company. The investor is responsible for paying the annual service charge for the agent’s services.
Initial Approval for a Professional License
To obtain initial approval for a professional license in Dubai, begin by preparing a detailed description of the business activities involved. Assign a service agent to handle the official formalities in a timely and organized manner. Once this is in place, you can seek initial approval from the Department of Economic Development (DED). Additionally, choose a relevant trade name for your business and reserve it. The DED will grant final approval after the submission of your documents.
It is essential to adhere to the regulations regarding the naming of your trade. The authorities have specific guidelines for naming your professional entity, prohibiting political and religious references. If you intend to use your name as the trade name, it must be in an expanded form without any abbreviations.
Documents Needed to Attain a Professional License in Dubai
- Completed application form
- Passport copy of the owner/partner
- Copy of the partner’s naturalization book
- Expatriate partners require a sponsor’s NOC (not applicable if the partner is on a Tourist/Visit Visa; a UID number is sufficient)
Based on the business activity and operations, the relevant authorities will issue the initial approval. You must apply to the DED with certificates and documents that demonstrate your professional qualifications and experience (if applicable). The officials at the DED will review these certificates and documents before issuing the professional license in the UAE.
Instructions to Obtain a Professional License in Dubai
- Prepare the local service agent agreement, assigning a UAE national as your company’s service agent, using a legal translator.
- Have the agreement form notarized. If the agreement is in Arabic, you do not require the seal of a legal translator.
- Draft the Memorandum of Association (MOA) with the local service agent.
