Dubai is a cosmopolitan city throbbing with the active presence of locals and an expat population comprising over 200 nationalities that open lucrative opportunities for setting up technical services businesses in Dubai. By forming a company with technical services license in Dubai mainland you will be able to cater to this highly diverse population of Dubai and turn in a profit. The weather conditions and the wealthy consumers make the technical services business setup in Dubai an attractive prospect. The technical services license falls under the professional license category and therefore you can also enjoy 100% ownership in your company.
Obtaining a trade license in Dubai is a mandatory requirement for anyone to set up and run a business in the emirate. The Department of Economic Development (DED) in Dubai is the competent authority that issues trade licenses in Dubai. The DED has designed a streamlined process which the applicants are required to follow. The process can be simplified by hiring the best business setup consultants in Dubai who will guide you through every stage of the process.
The DED has mentioned a list of more than 2,000 activities that come within the scope of each license. You need to check the DED website to know how your business activity is defined by the DED under the technical services license.
The next step in the process of a technical service business setup in Dubai is determining the structure of your company. There are many types of legal structures allowed by the DED depending on the number of shareholders such as Sole Proprietorship, Limited Liability Company (LLC), Civil Company, etc. The LLC is one of the most popular forms of company formation in Dubai mainland and it requires a local sponsor (UAE National) who holds at least 51% shares in your company. However, since the license of the technical service is a professional license you can enjoy 100% ownership by appointing a Local Service Agent (LSA). The LSA doesn’t hold a share in the company but you need to pay an annual fee.
After identifying the appropriate business activity mentioned under the technical service license, you need to come up with a strong name for your company. You need to follow the trade name guidelines issued by the UAE while naming your company. Avoid names of purely religious.
Getting an initial approval from the DED is your next step in obtaining a technical service license in Dubai. The initial approval certificate is your proof that the DED has no objection against your proposed company incorporation in Dubai. If you are aiming at speedy approvals then your documents should be drafted properly which requires the professional assistance of the best business setup consultants in Dubai.
The technical service licence license is a professional license and you can start your company by appointing an LSA. For this process, you need to draft an LSA agreement and submit it to the DED. The drafting of documents needs to be handled professionally otherwise the process of company incorporation in Dubai will get delayed. The reputed business setup consultants in Dubai are pioneers in drafting such documents and you can hire their services to eliminate unnecessary delays.
Unlike the free zone business setup in Dubai, you need to rent or lease office space in Dubai as per the DED regulations. The DED mandates that all businesses should have a physical address in Dubai. Being a foreign entrepreneur you are not allowed to own real estate properties in the UAE and you have to rent an office space. Sign a tenancy contract with the landlord to register it with the Ejari.
There are certain business activities that need special approvals from the concerned Ministry for setting up a business in Dubai. Browse through the following activities to ensure whether your business falls in the special activity category. If yes then you must get approval from the ministry.
In the last stage of the process of technical services company formation in Dubai, the DED will verify all the documents for final approval. You need to submit the mandatory government fee to the DED in this step. Upon approval, the DED will issue the license of the technical service.
Obtaining a technical services license in Dubai will let the foreign investors access the plethora of business opportunities in the emirate. The technical services license falls in the professional category that offers you the benefit of setting up a business in Dubai mainland with 100% ownership. However, as a foreign investor, you will be unaware of the local laws and regulations and it may cause delays in the issuance of licenses while dealing with the licensing authorities. This is where the assistance of leading business setup consultants in Dubai such as Jitendra Business Consultants (JBC) comes in handy for you.
JBC has years of experience in helping foreign investors incorporate companies in Dubai, UAE. JBC has a team of highly qualified business setup consultants who are experienced in dealing with the authorities. Our business setup consultants in Dubai are well-versed in labour laws and immigration laws which will simplify the company incorporation process. Our services include drafting of Memorandum of Article (MoA) and LSA agreement, processing of visa, and business centre services, etc. With JBC’s able assistance you can peacefully establish your dream company in Dubai or anywhere in the UAE.
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