Guide on Obtaining a Mainland Co-Working License in Dubai
Many people may mistake the UAE's brilliant lights and large cities for an atmosphere dominated by just the most powerful corporations. While many of the world's largest and most prominent corporations do business in the Emirates, the country is also home to a growing number of startups and small businesses.
The ease and cost of starting a business in this region of the world is one of the key reasons why so many small enterprises and solo entrepreneurs succeed here. Take, for example, the coworking permit.
A Mainland Coworking License is the most cost-effective way to establish up shop on the mainland in the UAE today. You can trade from the UAE mainland without having to set up permanent premises if you have such a license. Instead, you can use one of the UAE's many coworking spaces, which will provide you access to the wider market without the high costs.
How to Obtain a Coworking License
The process of obtaining a coworking license in the UAE is comparable to that of obtaining any other license.
Choose Business Activity
You must first decide on your company activity or activities. It's critical that you list all of the activities you plan to do on your license. Unlicensed activity can result in fines or even the loss of your license. That is why working with a company setup professional who can match your business operations with those allowed by the Department of Economic Development or the municipality of the Emirate you want to set up in is a good option.
Choose Trade Name
The next step is to decide on a business name. Keep in mind that the UAE follows a rigid set of corporate naming conventions. Your company name, for example, should not contain any harsh or blasphemous words or make reference to well-known organizations and enterprises. You should also make sure that the business name you want to use is accessible for registration. As part of the license application procedure, a business formation expert can assist you with this.
The procedure is simple to follow, but it is very precise. Simply submit an application to the _Department of Economic Developmen_t or the appropriate municipality. If you choose, a business formation expert can assist you with this, managing the full application process on your behalf.
A successful application for a Coworking License normally follows a six-step process:
- Submit the required documents and make your payment.
- Reserve your chosen business name.
- Receive initial approval from the relevant authorities.
- Sign the Memorandum of Association or Local Service Agent Agreement.
- Apply for your immigration file.
- Receive your visa.
What are the Advantages of having a Coworking License in the UAE?
Coworking is getting a lot of traction around the world. Over 11,000 coworking spaces are now believed to exist around the world, serving 1.2 million people. Here are five reasons why so many people are opting for this type of flexible work:
Coworking can help you be more productive:
Coworking spaces are the ideal compromise between the stuffy nature of a corporate workplace and the relaxed atmosphere of your home or a local coffee shop. For those of us who don't flourish in either the extremely corporate or super informal setting, less formality, along with fewer distractions, frequently leads to increased productivity.
It's wonderful for networking:
Coworking spaces provide you the freedom to work alone, yet not alone. It's easy to feel isolated from the rest of the local community as a freelancer or solitary entrepreneur operating from home or a solo office. Coworking spaces fill that void by bringing you closer to like-minded people, which can be beneficial to your business.
It keeps you from feeling isolated:
Coworking spaces are beneficial to your mental health as much as your business. Working alone is difficult enough at times, but it's far more difficult in the lonely early phases of a startup. Working in a communal place makes you feel like you're part of a group.
Coworking spaces are quite adaptable. You can basically use the area as much or as little as you'd like. You also have the option of expanding and taking on your own premises as your company grows.
Coworking is cost-effective:
With a coworking license, you may take advantage of quality office spaces in prime locations without incurring a significant financial outlay. You don't have to be concerned about utility bills or other costs. Simply bring your laptop; the rest will be taken care of.
The process of obtaining a coworking license in the UAE is straightforward. It does, however, necessitate some prior understanding of the license criteria in this region. Any misunderstanding or ambiguity throughout the application process could result in problems in your submission, causing delays.
We are Dhanguard. We can assist you in establishing a corporation in Dubai, obtaining a free zone license, or starting a small business in Dubai. We handle everything from visa applications (including UAE investor visas) to administrative responsibilities, leaving you free to focus on your business.