Have you ever thought of transforming your home or an office? Rightly said that one of the important transformations that is ever required to make your home of office more attractive and pleasing would be the interiors designing.
Every home or a commercial premise needs to be designed with lots of creativity and some theme. As per the reports of GCC (Gulf Co-operation Council) the Interior decoration market holds a value of US$ 9.04 Billions and is expecting to grow at 4.42%.
Dubai Expo 2020, which is one of the most awaited event for people around the world has given an opportunity for the Interior Designers to come and showcase their talent and also grab the advantage of obtaining an interior decoration license for themselves to become a participant of this event.
Advantages of running an Interior Decoration Company in Dubai
- Construction of buildings is a never ending project in Dubai. Hence, there is an increased demand for the interior designers to design every complete constructed building
- Free and competitive market
- Eco friendly infrastructure
- Highly connected and networked market
Steps for obtaining a Interior Designing license in Dubai
In order to become an Interior Designer in Dubai for any company or for residential areas you will need to obtain a valid business license for the same.
The license is issued by the Dubai Economic Department and below is the activity description
Activity Code: 4330015
Activity Group: Contracting and building works
License Type: Professional
Activity Description: Includes interior decoration works, including wooden orients, gypsum decoration of ceilings, flooring and curtains fixing as well as other similar complete works executed by the firm.
Step 1: Appoint a UAE National to become the 51% shareholder if in case looking for a LLC (Limited Liability Company) structuring or as a local agent wherein the expats can hold the 100% shares.
Step 2: Apply for the trade name and initial approval.
Step 3: A computerized signature needs to be completed in order to attain the memorandum of association or the local service agent agreement.
Step 4: Finding an office of at least 500 sq. feet for the business activity.
Step 5: Submission of Ejari to obtain the payment voucher.
Step 6: Issuance of License
Step 7: Approval from the Dubai Municipality
It is mandatory to hire an engineer at the time of renewal of the license and the engineer should be qualified by Dubai Municipality and he will need to have a visa also from the same company.
Cost for the Interior Designing license
Tradename: AED 620
Initial Approval: AED 232
Court Fees Approx: AED 1800-200
License Fees: AED 10000 – 15000 plus 2.5% of annual rent as market fees
* The rates are subject to change depending upon Government’s policy
This blog is written by Ms. Florine, Director (Client Relationship) at Flyingcolour Business Setup, Accounting & Tax Services in Dubai & across UAE . Feel free to call us for more info regarding setting up an interior designing business in Dubai or anywhere in UAE. You can also send your inquiry to info[at]flyingcolour[dot]com or call +971 4 4542366.