An Introduction to Accounting Training Businesses in Dubai
Are you planning to set up an accounting training center in the UAE? Well, you’ve come to the right place! Many investors travel to Dubai each year to take advantage of the region’s favorable business environment and lucrative tax incentives. But if you intend to start an accounting training facility, you will need to obtain the appropriate licenses first.
How to Get a Training Institute License in Dubai
Business setup in Dubai is a big step for any investor, but with a bit of research and planning, you can get your accounting training business up and running in no time. The first step will be to secure approval from the Knowledge and Human Development Authority in Dubai (KHDA).
From this point, you’ll need to decide on a location to form your business. You can set up a business in Dubai’s Mainland or in one of the region’s many Free Zones like:
• Dubai Internet City
• Dubai Studio City
• International City Dubai
• Dubai Design District
• Dubai Academic City
Below, we’ve outlined the steps you’ll need to take for company formation in Dubai:
Initial Approval Phase
After selecting which location you’ll want to conduct business in, you’ll need to:
• Secure initial approval from the Department of Economic Development (DED)
The initial approval is a process where the governing authority checks your information and validates that you and shareholders are in good standing.
• Apply for a trade name
You’ll need to submit a request for your trade name with the DED. Chosen business names may not include profanity, and used trade names may not be taken.
Starting Phase: The Knowledge and Human Development Authority
From here, you’ll need to continue your application process by:
• Submitting application form
Your application form will need to be submitted, along with all required documentation (more on these necessary documents below).
• Submit your course list
You’ll need to let the authorities know what exact curriculum you intend to instruct.
• Develop a business plan
Before continuing the application process, you’ll need to develop a keen business plan and determine the full legal structure of your soon-to-be company.
• Nominate management
At this juncture, your business will need a qualified manager with all the appropriate permits and certificates.
• Submit business plan for review
Your business plan will be processed by the KHDA.
• Pay necessary permits
You will need to pay the required AED 30,000 for your permits, and the KHDA will then issue you an NoC.
Second Phase of Dubai Business Setup
• Apply for a professional license
A professional license is a type of business certificate for professionals that work in knowledge-based business sectors. These include teachers, doctors, lawyers, and more.
• Submit final documentation
At this point, you’ll submit your documents from the initial phase.
The Final Phase
• Submit a copy of your professional license
Once you’ve received your professional license, you’ll need to forward a copy of it to the KHDA.
• Copy of tenancy contract
You’ll also be required to submit a copy of your chosen tenancy contract.
• Copy of your civil defense certificate
The KHDA will also require a copy of your civil defense certificate.
Similarities of the Licensing Process between Free Zones and Dubai Mainland
The application process for securing an accounting center license in mainland Dubai differs from one formed in a Free Zone. The approvals for both business locations are similar for the KHDA approval process. In Dubai’s mainland, you will need to ensure that you have authorization from the KHDA, including:
• A business plan and outline for your facility must be submitted for initial approval.
• Training center materials will be required to be submitted for approval.
• Documentation for teachers and instructors
Once the KHDA approves your application, you will receive your license.
Documents Required for Company Formation in Dubai
1. A detailed business and academic plan
2. A copy of your Ejari or tenancy contract
3. Copies of passports
4. Attested Degree Certificate
5. Copies of Visas
6. A comprehensive list of courses
7. A copy of your CV
Why Choose MSZ as Your Business Setup Consultants in Dubai
If you’ve thought about forming an accounting training center business in Dubai’s Mainland, or one of the many Free Zones, you need to have a thorough understanding of the application process. From knowing what documentation is required to which fees you’ll need to pay, it can all seem overwhelming. But that’s okay! It’s the entire reason MSZ Consultancy is here.
Forming a new business is a big step! It’s an even bigger step when the business is located in another part of the world. For years, MSZ Consultancy has proudly served investors foreign and domestic in their business journey. Our specialists are incredibly skilled at assisting new business owners in navigating the ins and outs of UAE business practices. Whether you’re interested in an accounting business in Dubai or simply need help with visa applications, we’re here to help. We have the know-how to streamline your business and maximize your success.
It doesn’t matter whether you’re a new investor or a part of an already-established organization; our Dubai business experts are waiting to help you streamline your business and find financial success! Give us a call today at +971 52 544 1248 and let our skilled specialists help you apply for your business license, secure PRO services, or handle important renewals. Don’t wait because business in Dubai certainly won’t!