CONNECTING YOU TO OPPORTUNITY
In this article, we are going to give you everything you need to know to get a technical services license in Dubai, UAE.
We will look at:
First things first, what activities can you set up under a technical services license?
There are a lot of choices here and it’s worth doing some in-depth research to see exactly where your offering would fit. These are just some of the possible activities:
Now you know the kinds of activities covered, let’s jump in and find your company the best route to establishing a technical service license in the UAE.
Obtaining a technical services license in Dubai, UAE, is relatively straightforward. And when working with a company formation specialist, it can be achieved in just a few simple steps.
To start, it’s worth engaging with a company setup specialist who can guide you through the whole process, ensuring your application is free from errors. With this in place, here is how the steps break down:
Step 1: Decide on a free zone or mainland license
The first decision to make is whether a free zone or mainland setup is better for your company. With a mainland setup, you can trade with the UAE market and you are able to bid for lucrative government contracts.
Alternatively, you can go the free zone route – with 0% tax rate, no currency restrictions, full customs tax exemption, repatriation of 100% of profits, and many other benefits. While your free zone company cannot trade directly with the UAE market, there are options to explore which could enable you to do so in the future.
Step 2: Select 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 Services is fine, but M Johnson Services 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 like Creative Zone.
Step 3: Gather all the necessary documentation
It’s important you have ready all the documents that you need before you embark on the process. The requirements are actually fairly easy. So here is what you will need:
Step 4: Make your license application
If you are taking the free zone route, then you can apply directly to your chosen free zone. For the mainland option, you can apply to the Department of Economic Development (DED).
The key is to make sure that your application is free from errors so you avoid potential delays. Bringing in the services of a company formation specialist means you have the peace of mind knowing that your application is ready to go and having a professional on-hand who can guide you through the entire process – start to finish.
We have looked at the different activities you can set up in, as well as the steps you need to take to get your license. Now let’s look at the cost of technical services license.
The main thing to remember is that the size of your company, your chosen activity, and where you decide to set up, will have an effect on calculating your final total cost. As a rough guide, the cost of applying for a technical services license on the UAE mainland is around AED 25,000 – 30,000.
To get an up-to-date price, which is tailored to your specific requirements, contact Creative Zone for an accurate quote.
Working with Creative Zone
Now is the time to get up and running with your technical services license to take advantage of the great opportunities the UAE offers.
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 the UAE, 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 the UAE. 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.
[gravityform id="4" title="false" description="false" ajax=true]