How Regulated License Can Boost Your Business in the UAE
The United Arab Emirates (UAE) promotes a favorable business environment for all industries to operate and become a part of the country’s development. However, to engage in certain business activities, organisations require a regulated license that complies with national laws and regulations. Obtaining the regulated license ensures the business has the permission to legally operate in the UAE and avoids legal consequences. This also enhances the firm’s trustworthiness and credibility among consumers and stakeholders, improving its reputation in the market.
Different types of licenses for businesses in UAE
UAE has a set of regulated licenses that are issued to businesses if they are qualified to start operations in the country. Each industry or sector has a specific license required and it is mandatory to avoid legal actions and penalties. Some of the licenses includes;
Commercial License: Businesses involved in trading activities, such as buy, sell or distributing goods are required to have a commercial license to operate in the country. Commercial license includes operations such as import, export, retail, wholesale and other related activities.
Industrial License: Industrial Licenses are provided to firms involved in manufacturing, production and other industrial activities in the UAE. The license is applicable for all firms that include production and assembling of goods or extraction of resources.
Tourism License: Issues for businesses that operate in the tourism, hospitality and travel sectors in UAE. Types of firms eligible for a tourism license include travel agencies, hotels, tour operators and other related services.
Professional License: Professional service providers such as legal, accounting, consultancy, healthcare, education and engineering are required to have a professional license issued by authorities in the UAE.
Industries that requires regulated license to operate in UAE
In UAE, a regulated license is the official authorization issued by the appropriated regulatory bodies in the country. This regulated license allows firms to participate in business activities in the specific industry while ensuring adherence to legal guidelines. A short list of key industries that require a regulated license to operate in the UAE are provided below.
Healthcare Industry: Firms in the healthcare industry in UAE require a regulated license that ensures that all professionals, facilities and other measures align with the industry standards of care and safety. This is applicable for hospitals, medical centres and pharmacies as well. Dubai Health Authority (DHA) and Department of Health – Abu Dhabi (DOH) are the regulatory bodies that are responsible for issuing the licence in the sector.
Financial Services: Firms in the financial industry in UAE require a regulated license to operate within the legal standards and framework. This is applicable to banks, investment firms, insurance companies and other financial service providers in the country. Authorities such as the Central Bank of the UAE (CBUAE) and Securities and Commodities Authority (SCA) manage the licensing process in the country.
Education and Training: Firms in the Education and Training sector require a regulated license to operate within the legal standards and framework in the UAE. This is applicable to schools, universities,training centers and other educational institutions operating in the country. Regulatory license for the sector is provided by the Knowledge and Human Development Authority (KHDA) in Dubai and the Ministry of Education.
Manufacturing: To operate in the manufacturing industry in UAE, firms require a regulated license and adhere to its guidelines. This includes firms that are associated with the production of any type of products that are manufactured in the country and operating without a license can result in suspension or permanently banning the business. Licenses in the industry are issued by the Department of Economic Development (DED) and the Ministry of Industry and Advanced Technology (MoIAT) and these authorities ensure firms operate by following safety and environmental standards, and have production quality standards.
How Zest can assist with your license needs in UAE
At Zest, we provide complete assistance to organisations on getting their regulatory license required to work in the industry. Our service in UAE includes understanding your organisation requirements related to the activity or industry, confirming the type of license, complete assistance on documentation and application processes for firms in any industry. Our team of dedicated professionals with years of experience in the country are able to perform accurate and quick licensing processes in the country for businesses of all sizes and types.
Want to know more about our services and how you can get your regulated license to start operations in the UAE? Contact Zest today.
