Cross-border business opportunities are getting rare these days. But then, some regions still manage to offer a favorable combination of circumstances, rules, and laws for a flourishing enterprise. Dubai is one such example that offers fertile ground for a myriad of businesses in general and real estate in particular. Here in this short brief we will know important things you must know about the real estate broker license in Dubai.
Unlike many countries stuck in red tape and government censures, this bustling emirate offers a refreshingly different scenario for businessmen. No wonder it has been tagged as one of the best places to set up a business.
Below are some of the advantages:
- Ease of documentation and transparency.
- A spectrum of people from across the world work in this country. This global reservoir of workers gives it a cosmopolitan edge and therefore governance and communication are effortless.
- Multiple Business Habitats While the free zone offers 100% ownership, and also rewards businesses with concessional personal tax, the mainland option requires a UAE local partner.
- Fraud-free business ethos and strict anti-money laundering rules make sure businesses turn into profitable ventures. Also, fulfill their social and moral obligations.
- Flexible labor policy– Businesses can hire help from across the world.
Although the list of documents required and stringent verification might appear overwhelming to aspiring businessmen,. The fact is real estate broker license can be fetched with great ease provided the paperwork is in order. There are many reasons for this comfort – zero corruption, amazing interdepartmental communication, and seamless integration of submitted documents.
While the Dubai Economic Department issues licenses to the sole owner of the business, the Real Estate Regulatory Agency grants RERA broker licenses in the UAE. So, a real estate sole establishment or brokerage firm should essentially register with DED and RERA. Mentioned below are the steps in getting a real estate broker license in Dubai.
TYPICAL STEPS IN GETTING THE REAL ESTATE BROKER LICENSE IN DUBAI
- Once the trade name is selected, it then needs to be mentioned while applying through the DED website.
- The next step is to provide relevant documents such as passport copies of the sole owner, attested academic certificates/diplomas or degrees, and stipulated fees.
- The business entity then needs to undertake the RERA test/examination.
- While waiting for the outcome, the next typical step would be to sign a tenancy contract.
- When the license from DED has been received an Ejari copy ( Lease contract ) along with RERA fees and other documents needs to be submitted.
- RERA for a registration certificate.
- Finally, the entity needs to register with MOL, or the Ministry of Labor.
Business Link UAE, one of the oldest Dubai business setup consultancy firms offers services such as a RERA broker license in Dubai and a real estate broker license in UAE at an affordable price tag and minimum downtime.
