Business Center License in Dubai

Business Center License

Business centres are known for establishing the best start-ups and supporting the growth of businesses of all sizes. Best centres are mostly cost-effective and a one-point solution for investors looking to have an office with all the basic amenities at zero additional cost. Some of the business centres are registered legally with free zones. They help ensure an investor gets the bank account easily open with a physical location in Dubai, which is cost-effective.

ADVANTAGES

1. Obtaining a ready-to-move-in business centre will allow you to reduce the initial set-up costs involved in the designing and arrangement of an office
2. Business centres provide various facilities like reception, meeting rooms, coffee machines, access to scanners, and mail management hence any person would prefer to utilize all these amenities without having to pay additional costs
3. Business centres guide a new investor in assisting with all legal requirements for the office like the fulfilment of the legal document of Ejari and tenancy contract also co-ordinate with bankers in providing relevant documents for opening bank account
4. As an investor every person wishes to have a beautiful office location and well-designed office with furniture in the appropriate place and a business centre can comply with this requirement
5. Cost Consideration- A business centre facility allows a startup or an SME to be free from their day-to-day expenses of maintenance or running an office cost

ACTIVITY DESCRIPTION Business Center Activity Code 6810007 Activity Group Real estate License Type Professional Activity Description Includes complexes comprising furnished and technically supported offices in order to become a professional business environment, the support involves reception, telephone answering and mail, internet access, meeting rooms, secretarial services, it includes also document processing and clearing for the businessmen located in the center, office occupancy in the centre should not exceed four years.

Important Requirements for Business Center License

• The legal type for the license can be obtained as an LLC, Sole Establishment or Civil Company
• The activity Fees for this activity will be AED 25000 annually apart from the license fees
• There will be RERA Online training for the manager of the company and the same will be done within 4-5 hours
• The cost for the RERA Training is AED 520
• The minimum office space required is 5000 sq feet
• A client having the business centre license will be able to give Ejari to clients who are renting in the Business Center
• The layout of the office has to be submitted to Dubai Municipality and the Land Dept. for the approval
• After the Interior Fit out, an Inspection will be done by the Municipality and RERA
• With additional approval, the business centre can also add sustainability centre activity to provide desk facilities to clients

This blog is written by Ms Florine Das, Director (Client Relationship) at Flyingcolour Business Setup, Accounting & Tax Services in Dubai & across UAE. Feel free to call us for more info about business centre license in Dubai or anywhere across the UAE. You can also send your inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366. *Please Note: This article was published on 14th December, 2020. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent updates or changes.