Setting Up Accounting Training Center in Dubai

Accounting & Finance are the lifelines of any economy, and are very important for the regular functioning of any business. There is an estimation of growth of 3.5% per year in the UAE for these sectors. “Demand for Finance and accounting professionals is on the rise. Also accounting and finance professionals will be greatly benefited since their salaried are expected to increase up to 5% for the coming years.” - Khaleej Times Setting up an Accounting Training Center is under the activity of:

Professional & Management Development Training

Activity Code	8549013
Activity Group	Institutes and Education
License Type	Professional (UAE National acts as a Local Service Agent in this Case)
Activity Description	Professional (UAE National acts as a Local Service Agent in this Case)

DED Approval required for the License in Dubai

The Department of Economic Development (DED) is the legal body that does the authorization for Dubai Mainland. All the business entities that fall under Dubai Mainland are governed by the DED. DED aims to transform Dubai with it’s innovative strategies to create business-friendly environment for business owners and budding entrepreneurs. Furthermore, the core paper works for licensing process in Dubai Mainland is done by the DED. A brief procedure on the Licensing process is below:

1. Initial Approval
2. Trade Name
3. Prepare MOA/LSA Agreement
4. Establish Business Location
5. Get External Approvals (If any)
6. Final Process of Business License

KHDA Approval Required for setting this License in Dubai

Knowledge and Human Development Authority (KHDA) is the educational quality assurance and regulatory authority established under the directive of HH Sheikh Mohammed bin Rashid Al Maktoum (Vice President and Prime Minister of the UAE, and the Ruler of Dubai). It monitors all the educational institutes in Dubai to ensure the educational quality.

KHDA Fee for private Training Center

KHDA Permit - No payment

1. Issue or renew permit for institute providing between 1 to 2 training programs -15000
2. Issue or renew permit for institute providing between 3 to 4 training programs -18000
3. Issue or renew permit for institute providing between 5 to 6 training programs - 20000
4. Issue or renew permit for institute providing between 7 and above training programs - 25000
5. Permit for providing training programs for non – institutes 5000 for each training program

Scope of work for Accounting Training Center

1. Trade License from DED
2. KHDA Permit
3. Immigration card
4. Online user id and password
5. RSA token
6. Labor card
7. P.O.Box and Stamp
8. Employment visa (If Required)

License Process for Accounting Training Center

1. Initial approval
2. Trade Name Reservation
3. KHDA Approvals
4. Court Appointment
5. Ejari Required
6. Final Submission
7. License Issuance

Required Documents

1. Detailed Business Plan and Academic Plan
2. Ejari Copy
3. Passport Copies
4. Attested Degree Certificate
5. Visa copies
6. Course List
7. CV Copy

This blog is written by Ms. Linse Therasa, Business Advisor at Flyingcolour Business Setup, Accounting & Tax Services in Dubai, who is always ready to take an extra mile to make sure that clients face no obstacles while setting up their business in Dubai. Feel free to call us for more info regarding setting up a training institute in Dubai. You can also send your inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366.