If you’ve considered snagging a commercial license for your service-based business, Dubai has a ton of potential in store. This global business hub is famed for its tourist destinations, diverse culture, and business-friendly atmosphere. Combining those advantages with unparalleled benefits for new business owners makes it no surprise that so many entrepreneurs travel to the region to conduct business.
In addition to the abundance of business potential Dubai has to offer, there is no shortage of need for technical service businesses. From electricians to contractors and plumbers, these industries will always maintain a steady level of growth due to their inherent importance. So, if you’re thinking about forming your own technical service business, you’ve come to the right place! Below, we’ll walk you through the steps for obtaining your technical service license in Dubai.
Business Activities Covered Under Technical Services
A technical service license grants business owners the ability to conduct business in Dubai legally. However, the license covers a wide range of business activities, and it might seem a bit overwhelming if you’re unfamiliar with the process. Below are a few business activities covered under a technical service license.
• Painting services
• Insulation installation
• Plastering services
• Cleaning services
• Flooring and tiling services
• Air-Conditioning, ventilation, and HVAC maintenance
• Satellite equipment installation
• Electrician services
• Air filtration maintenance
• Equipment installation
Some business owners choose the help of third-party business consultant experts, like MSZ Consultancy, to help manage their technical license acquisition. These specialists can handle most of the small details, allowing investors to aim their efforts at maximizing their business strategy.
The Benefits of Securing Your Technical Service License in Dubai
Obtaining a technical service license enables you to conduct business in the UAE and comes with many additional benefits. Let’s take a closer look at just a few benefits of securing your technical service license.
Businesses operating here are not subject to corporate or personal taxes, allowing you to keep more of your profits.
2. The Ability to Conduct Business Anywhere
You’ll be able to operate your business anywhere in the UAE.
3. Government Projects
Businesses with technical licensing are granted the ability to apply for government projects.
4. No Currency Restrictions
Foreign investors can use the currencies of their home nation with no restrictions.
5. No Minimal Capital Requirement
There are no minimum requirements for startup capital, making investing and conducting business easier than ever before.
6. Hassle-Free Procedures
Dubai has carefully designed its online platforms to make the process of interfacing with government authorities more straightforward.
7. 100% Repatriation of Profits
You’ll be able to return 100% of your profits to your home nation with no restrictions.
8. A Wide Range of Business Activities Available
With an extensive array of potential business operations, you’ll surely find an activity that works for you.
Steps to Getting a Technical Service License in Dubai
Before you’re able to conduct business, you’ll need to go through the licensing steps. This system is designed to be simple; however, if you’re unfamiliar with the overall business formation process, you’ll need to go step by step. Below, we’ve put together a handy guide to help you understand it all.
1. Choose a Location
Where will you conduct your business? The location of your operation will heavily affect your traffic flow, income potential, and overhead costs, so it’s crucial to choose a location that works well for your company. You’ll be able to choose between forming your business on Dubai’s Mainland or in one of the city’s many Free Zones.
2. Choose a Business Activity
For technical service-based businesses, there are a ton of potential activities available. From electricity installation to plumbing and painting services, you’ll have a massive list of different business activities to choose from.
3. Choose a Trade Name
You’ll need to submit a trade name request with the Department of Economic Development (DED). For this, you’ll want to ensure that the business name has not already been claimed and that it does not include any profanity.
4. Prepare Documents and Submit License Request
Shareholders are required to submit several pieces of important information, including a business plan, passport copies, and a fully completed licensing form.
5. Pay Necessary Fees
Once the relevant authorities have received your request and the proper documentation, they’ll begin issuing you your license. It is at this point that you’ll want to pay all fees related to the licensing process.
6. Receive License
After an initial processing period, you’ll receive your license and any submitted documents. This enables you to conduct business legally.
When you apply for a technical service license, you’ll be required to submit several documents. These documents include:
• A Completed application form
• Passport photocopies
• A No Objection Certificate showing that banks and former institutions approve of the business and shareholders
• Memorandum of Association and Articles of Association
By gathering the correct documents, you can ensure that the entire technical service licensing application process goes smoothly.
Technical License Cost in Dubai
When you request a technical service license, you’ll be required to pay several fees. The costs for these fees are calculated based on several factors, including the size of your company, your business activity, and your jurisdiction.
If you decide to form your business on the Mainland, you’ll need to plan for license costs that range between AED 25,000 and 35,000. You’ll also need to factor in additional visa fees, office space costs, and general company overhead expenses.
Applying for a Technical Service License? MSZ Can help!
No matter where you’re from, you can count on MSZ Consultancy to help you maximize your business potential. From business formation in Dubai to securing PRO Services, our consultant experts have the experience to successfully navigate the ins and outs of Dubai’s business sector.
Whether you’re a new investor or part of an already established company, MSZ Consultancy is dedicated to helping you manage the minor day-to-day details of business operations so you can get back to the most critical aspects of managing your investments.
Are you looking for a Dubai license renewal? We can help! How about interfacing with government authorities? We handle that, too!
So, if you’ve been thinking of forming your own technical service company, give the experts at MSZ Consultancy a call +971 52 544 1248! There’s never been a better time to reap the rewards of Dubai’s many business opportunities!