The real estate sector is one of the most happening sectors in the UAE. There are a multitude of activities which are encompassed within the domain of the real estate sector. One of the popular activities within the real estate activities subset is the real estate buying and selling brokerage. This activity Includes firms dealing…
Is Financial Audit Mandatory for SME companies registered in UAE? Is financial audit mandatory or not in the UAE? Should the books of accounts be audited every year or not? Whether financial reports are to be submitted to any authority or not? These are the questions that comes into the mind of most of the…
Free Zone areas where Department of Economic Development (DED) issues licences Though licences are issued predominantly by the respective Free Zone Authorities, there are certain Free Zone areas where DED also issues licences as per the local and federal laws such as: Name of Freezone DED Approval Area TECOM – A & B DED issues licences…
A training institute in Dubai is principally governed by the KHDA which is the main regulator for all such institutes within the Emirates. The steps involved in brief for establishing a training institute in Dubai are as follows: Preliminary Approval: The investor must obtain preliminary approval for the activity and trade name from Department of Economic…
School Permits Following are the procedures for obtaining an educational services permit which allows the educators to establish a School in Dubai: (i) Academic Plan Submission of Academic Plan along with drawing of the proposed site plan and formal KHDA Application Form. KHDA shall issue preliminary approval to the application after evaluating the plan (ii)…
The Companies Law, in article (313) allows a foreign company to exercise its main activity in the UAE by opening a branch or a representative office. The difference between the two is that the foreign company which opens a branch in the UAE may exercise freely the activities for which it is licenced whereas a…
Licence to practice majority of the activities are directly issued by the Department of Economic Development. However, certain activities require prior approval from the relevant Ministry/Department such as: Activity Name Approval Authority Financial institutions, banks, money exchanges UAE Central Bank New industrial project, expansion Ministry of Industry Publishing, printing, newspaper, advertising, video film, photography…
DTCM is empowered to issue relevant legislations and instructions to govern tourism industry in Dubai. DTCM is responsible for issuance of all kind of tourism licences, classification of hotels, hotel apartments and guest houses. DTCM is further responsible for issuance of permits and control over the concerned establishments. Type of Permits Tour Boats, Travel and…
