How to Start a Facilities Management Company in Dubai 2024?
Start a Facilities Management Company in Dubai 2024
Every high-rise and skyscraper building in Dubai can become a potential client of your facilities management company. If you have a facilities management company in Dubai, you will be full of jobs and clients from the first day. Dubai is home to some of the most stunning infrastructures in the world. The city includes exquisite resorts, entertainment venues, industrial and commercial buildings, residential locations, and many more. The best part is that all of these need property management services in Dubai.
Due to the never-ending line of construction projects, there is a high demand and scope for the facilities management business in Dubai. If you want to take advantage of this huge industry, now is the best time to start a maintenance company in Dubai with the help of experienced consultants like Flyingcolour Business Setup Services.
Why Should You Start a Facilities Management Company in Dubai?
Launching a facilities management company in Dubai has many advantages. As we mentioned earlier, Dubai includes numerous construction and expansion developments. These developments offer several business projects in this facility management sector. These highly constructed and developed buildings require regular maintenance services.
UAE government authorities have taken many steps to run and launch different facilities Management Companies without difficulty. Since labor charges are chiefly low in this country compared to others, you can operate simultaneously on more jobs and sites. It will help to scale up your business and make it more lucrative and beneficial.
How to facilities management business in Dubai 2024?
If you are wondering about Establishing FM Company Dubai 2024 and the steps associated with it, then you have landed yourself in the correct place. You can follow the below stages to acquire a trade license for the company and set it up.
1. Pick a Name for Your Business
Before choosing a company name, you should be aware of the strict protocols and guidelines of the UAE. The name should not include offensive or blasphemous language, allude to any renowned brands or organizations, or refer to any religion or God. If you want to keep the name of your building maintenance company in Dubaiafter your name, you should use your complete name and never abbreviate it.
You need to submit three name options to the registry office in the UAE for approval and availability verification. They will then inform you when they allocate and approve the company name.
2. Select business jurisdiction
After successfully registering and picking the company name, you must select a business jurisdiction for establishing FM Company Dubai 2024. The government of the UAE offers 2 primary business jurisdictions: the Mainland and the Free Zone. Each jurisdiction comes with its regulations, requirements, rules, laws, and other business activities.
Free zones offer investors and entrepreneurs 100% company ownership, zero corporate and personal tax rates, allow repatriation of complete capital and profit to the home countries, and many others. In the Mainland, companies can do business directly in Dubai with no brand office necessities like Free Zones. A local sponsor or a UAE citizen should be a 51% shareholder of the building maintenance company Dubai.
3. Getting the approval
Next, the DED (Department of Economic Development) should give initial approval. The approval procedure will remain the same whether you want to offer property management services in Dubai’s Mainland or Free Zone.
4. Choosing the activities of your business
In your trade license application, you should stipulate and specify different activities that your business indulges in. You can select your business activities among 2000 varieties depending upon the type of trade license you want to apply for. Facility management companies in UAEthat do not include appropriate business activities might encounter high penalties from the authorities of Dubai. Different types of business activities to select for your trade license include:
- Fire safety
- Maintenance of elevator
- Carpentry
- Maintenance
- Security
- Plumbing
- Renovation
- Cleaning
- Pest control
5. Submitting the trade license application
Once you are sure that you have completed and verified the above steps, you need to submit your trade license application to the DED for approval. You can take the help of Flyingcolour Business Setup Services in this critical step to get approval without rejections, delays, or errors.
6. Applying for visa
Once the government grants you the trade license for setting up a facilities management business in Dubai, you need to apply for a residency visa in the UAE to continue to work and live in the city. With the help of the trade license of your business, you can also sponsor your staff and family, based on the license conditions.
7. Grade the facilities management business in Dubai 2024
The RERA (Real Estate Regulatory Authority) grades different facilities management businesses in Dubai. You must get a mandatory grading from RERA to submit a tender for various projects. It means only some particular RERA-graded companies can apply for specific projects. In other words, the higher the grading of the building maintenance company in Dubai, the higher the scope of applying for big projects.
8. Opening a bank account
At last, you have to open a corporate account in a bank before starting the business in Dubai.
You can partner with Flyingcolour Business Setup Services to manage all your business applications and set up processes. The company includes startup specialists to communicate with the relevant government authorities for specific jobs on your behalf.
Documents Necessary for Setting up a building maintenance company in Dubai
- Application form for trade license
- Passport copies of the owner and any other partner
- Local partner’s naturalization book
- NOC certificate from the international sponsors if the applicant is on a work visa
- Shareholder’s UID number if the person is on a visit visa
How can Flyingcolour Business Setup help you?
Although the above procedures and legalities might appear simple while starting a maintenance company in Dubai, they are not completely hassle-free for an individual. Thus, the best is to get help from experts like Flyingcolour Business Setup Services, where well-connected and experienced advisors will assist you in walking through the entire procedure without hassle. In this way, you can save your time and concentrate on other vital business goals.
To learn more about starting a maintenance company in Dubai, book a free consultation with one of the Flyingcolour team advisors, simply call +971 50 5585305 or send WhatsApp messages to +971 4 4542366. you can also drop an email to info (at) flyingcolour (dot) com.
Please note that this article was published on 13/04/2024 by the federal policies and updates at the time of writing. For the latest info please talk to our consultant.
