Dubai’s dynamic commercial landscape offers immense opportunities for brokerage firms. Whether you’re aiming to mediate real estate transactions, facilitate business deals, or offer trade services, obtaining a commercial brokerage license in Dubai is a crucial step to operate legally and build client trust.
Understanding the Commercial Brokerage License
A commercial brokerage license in Dubai authorizes businesses to act as intermediaries in various sectors, including real estate, trade, and corporate services. Issued by the Dubai Department of Economy and Tourism (DET), this license ensures that your brokerage activities comply with local regulations and standards.
Permissible Activities Under This License
With a commercial brokerage license in Dubai, you can engage in activities such as:
- Mediating real estate sales and leases
- Facilitating business acquisitions and mergers
- Representing clients in trade negotiations
- Acting as an intermediary in service-based transactions
This license provides the flexibility to operate across various sectors, provided the activities align with the approved brokerage services.
Step-by-Step Guide to Obtaining the License
1. Define Your Business Activity
Determine the specific brokerage services your firm will offer, such as real estate mediation or trade facilitation.
2. Choose a Legal Structure
Select an appropriate legal structure for your business, commonly a Limited Liability Company (LLC) or sole proprietorship.
3. Reserve a Trade Name
Apply through the DET to reserve a unique trade name that complies with UAE naming conventions.
4. Apply for Initial Approval
Submit your business plan and chosen activities to the DET for preliminary approval.
5. Secure Office Space
Lease a physical office or co-working space in Dubai and obtain an Ejari (tenancy contract) as proof of address.
6. Submit Required Documents
Provide necessary documents, including passport copies, Emirates ID (if applicable), and the Ejari certificate, to the DET.
7. Obtain the License
Upon approval, the DET will issue your commercial brokerage license in Dubai, allowing you to commence operations legally.
Cost of a Commercial Brokerage License
The cost of obtaining a commercial brokerage license in Dubai varies based on factors such as business structure, office location, and the number of visas required. On average, expenses range between AED 15,000 and AED 25,000, excluding visa processing and office rental fees.
Required Documentation
To apply for the license, prepare the following:
- Passport copies of all shareholders and managers
- Emirates ID and residence visa (if applicable)
- No Objection Certificate (NOC) from current sponsor (if under employment)
- Ejari (tenancy contract) for the office space
- Initial approval certificate from the DET
Advantages of Establishing a Brokerage Firm in Dubai
- Full foreign ownership permitted in many sectors
- No personal income tax
- Access to a robust and growing commercial market
- Strategic geographic location for international business
- Transparent legal framework ensuring investor protection
Holding a commercial brokerage license in Dubai positions your business to capitalize on the city’s thriving economy and international trade opportunities.
Why Partner with RAG?
At RAG, we specialize in guiding entrepreneurs through the process of acquiring a commercial brokerage license in Dubai. Our comprehensive services include assistance with legal structuring, document preparation, and liaising with government authorities to ensure a seamless setup.
Taking the Next Step
Embarking on a brokerage venture in Dubai presents a wealth of opportunities in a thriving market. By securing a commercial brokerage license in Dubai, you position your business for success in a competitive landscape. Partner with RAG to navigate the licensing process efficiently and establish a strong foundation for your enterprise.
