Dubai is a vibrant city, its world-class infrastructure has already established major players with respect to trade, tourism and also investors across the world. If you are planning real estate business setup in Dubai there is an infinite amount of potential that keeps building. Real estate is one of the thriving businesses in Dubai.
Procedure for setting up a real estate business in Dubai:
1. Explore the location and business type:
According to the UAE, Regulations businesses are required to be 51% owned by UAE nationals. However, ownership can be 100% in a few locations such as free zones. In these areas, the regulations are lower and there is tax exemption for 50 years.
There are different types of business organization:
- Sole Proprietorship
- General Partnership
- Partnership
- Joint Venture
- Public Shareholding
- Private Shareholding
- Limited Liability Company
- Professional Company
2. Register a trade name:
Once you decide on the business type, register a trade name along with the necessary documents with the Department of Economic Development (DED). Once the documents are approved the UAE governemnt will grant you a commercial license.
3. Certify yourself for licensing process:
For the initial approval and authorization from the Real Estate Regulatory Agency (RERA) in Dubai, you need to undertake a professional course, in order to obtain the certificate from the agency.
4. Setup the office:
Being a real estate owner having your own office will make your customers trust you and work more ethically
Set up your real estate business with MSZ Consultancy!
Setting up a real estate business requires knowledge of expertise with respect to documentation and various other processes. MSZ Consultancy will assist you in setting up the business quickly and efficiently. Our team of experts will help you in every step of the real estate business setup. Get in touch with us today!
