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How to Get an Accounting License in UAE Free Zones
The UAE’s free zones have become a key driving force behind the growth of startups and small businesses. Free zones serve as the “beating heart” of the UAE’s thriving entrepreneurial ecosystem. For accounting professionals, setting up a firm in a UAE free zone offers several benefits, including full foreign ownership, tax advantages, and access to global markets. Here’s a step-by-step guide to getting your accounting license in a UAE free zone.
Step 1: Choose the Right Free Zone
Your first step is to choose the free zone that best fits your accounting business. Each free zone in the UAE offers different advantages, such as strategic location, cost structures, and available services. It’s important to compare these factors to select the one that aligns with your business goals and needs. Free zones specialized in professional services are particularly suitable for accounting firms, offering flexibility and ease of setup.
Step 2: Select Your Business Activities
When applying for your license, you’ll need to clearly define your accounting services, whether that’s bookkeeping, auditing, tax consulting, or financial advisory. Selecting the right business activity ensures you stay within your legal scope and can affect the overall structure of your business.
Step 3: Submit Your Application
Once you’ve chosen your free zone and defined your services, submit your business license application. The application will require details such as the company name and business activities, and can usually be done online for fast processing.
Step 4: Prepare Required Documents
To complete your application, you’ll need to gather essential documents, including:
- Passport copies of shareholders
- Proof of residential address
- Copy of trade name reservation
- Professional qualifications and certifications in accounting or finance
- Shareholder agreement (if applicable)
Make sure all your documents are in order to avoid any delays during the approval process.
Step 5: Office Space Options
Unlike mainland businesses, free zones don’t require a physical office. However, if you need one, you can choose from a variety of flexible options, such as renting a desk or a business center. You also have the freedom to rent office space anywhere in the UAE, giving you flexibility based on your needs and budget.
Step 6: Obtain Approvals and Pay Fees
Once your application is approved, you’ll need to pay the necessary fees. These fees cover your accounting license, visa quotas (if required), and any optional services like office space or business support. The exact fees will depend on the free zone and the business activities you selected.
Step 7: Apply for Visas
After securing your license, you can apply for UAE residence visas for yourself and your employees. The number of visas you can apply for depends on your business package and office arrangement. The visa process includes a medical test, Emirates ID application, and visa stamping.
Doing Business in Dubai Mainland
If you wish to conduct business in Dubai mainland with a free zone license, you’ll need to work with a partner that holds a mainland license. This third-party collaboration is essential for accessing Dubai mainland clients, as free zone companies are generally restricted from direct mainland activities.
How Can Choose UAE Help
At Choose UAE, we guide you through the entire process, from selecting the best free zone to ensuring you have all the required documents. We handle the details so you can focus on growing your business. Contact us today to get expert help with obtaining your accounting license in the UAE!
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