In this article, we are going to give you everything you need to know to get your holiday home license in Dubai, UAE – with all the updated information to get you started. We’ll also look at how working with a company formation specialist can get you up and running quickly and easily and streamline the process from start to finish.
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So let’s jump in and check out what you need to know to get a holiday home license.
How to get your holiday home license in Dubai
To get your holiday home license in Dubai, you need to follow a few key steps. If you work with a company formation specialist, the entire process can be smooth and hassle-free.
Let’s look at it step by step.
1: Outline your business activities
First things first – when you are starting your business in the UAE, it’s important to be clear about your chosen business activities. Missing this step can cause you a number of problems later on, including fines or even having your license revoked.
You need to select your chosen activities from the official Dubai Department of Economic Development (DED) list. A business focusing on holiday homes would fall under ‘Vacation Homes Rental’.
2: Choosing your company name
Next up is picking a name for your company. The UAE is fairly strict when it comes to naming companies, so it’s important to be aware of the regulations. Essentially, you must avoid any language that could be seen as offensive or blasphemous. You must avoid any name that is already held by a well-known organisation.
If you’re naming your company after yourself, ensure that you don’t abbreviate your name. So Mark Johnson Vacations is fine, but M Johnson Vacations is not. Of course you will also need to ensure your chosen company name is still available for you to register. This part of the process, like many others, is much smoother if you choose to set up with a company formation specialist.
3: Procedure to get your holiday home license
To get things started, you need to apply for your trade license. For this, you need to supply:
•Application form – completed and free of errors
•A copy of the passport of the proposed owner(s)
•2 colour passport photos
•Details of your property
In addition, you also need approval from the Department of Tourism and Commerce Marketing (DTCM) in order to start trading. Part of Dubai Tourism, DTCM is the authority that oversees the development and marketing of Dubai’s tourism sector, among other things.
Your property must be registered and will be inspected from time to time to ensure it meets the required standards. Your DTCM certificate of registration should be displayed in your rental property.
4: Making your visa applications
Of course you will need a UAE visa if you want to run a holiday home business in Dubai. Here, working with a company formation specialist means the whole process can be quick and easy. To streamline the steps, a company formation specialist can help you complete this in tandem with your license application.
Alongside your UAE residence visa, you can also apply for visas for your employees if you have any at this stage, as well as family or domestic staff. The number of visas you are eligible for depends on the size of your business and where you have chosen to set up.
Cost of a holiday home license in Dubai
There are a number of fees which will ultimately make up your final total cost. They can vary considerably, and the best way to get a truly accurate quote tailored for your specific business is to contact Creative Zone who can give you the latest information on costs.
Essentially, you would be looking at an annual registration fee (which would be approximately AED 1,500) along with a DTCM approval fee, plus a permit fee (based on the number of rooms that you are renting – approximately AED 300 per room, per year). Finally, there is a tourism fee which is around AED 10-15 per bedroom.
Holiday home benefits
There are so many benefits when it comes to renting a holiday home in Dubai. First is the market size – with Dubai seeing around 15m visitors per year. While Expo 2020 was postponed, it’s still scheduled to take place in October 2021. This, along with numerous other events that the Emirate typically sees throughout the year means that Dubai is always poised to receive millions of visitors who need places to stay.
Working with Creative Zone
Now is the time to get up and running with your holiday home license in Dubai.
While the setup process can be somewhat stressful, you can fast-track it by working with a company formation specialist. It’s the quickest way to get set up in Dubai, letting us take care of all the details and ensuring your application is free from errors.
We can also help you with opening a corporate bank account and also offer important advice on the type of financial institution that would best suit your requirements.
Here at Creative Zone, we offer you the best solutions to start your company in Dubai. You get fast, reliable and unbiased advice on your unique business setup requirements. We can help you choose the right kind of license for your chosen business activity/activities and take you through the entire process from start to finish.
You can let us deal with the hassle of registering a company while you focus on your business. And working with us means you get the best budget friendly and cost-effective solution to help make your business dream a reality.
Over 10 years, Creative Zone has helped over 36,000 entrepreneurs set up their businesses. Whether it be a mainland business setup, offshore company setup, free zone company setup or issuing of trade licenses and any related activity for registering a company, Creative Zone is your one-stop-shop.
