Crucial Procedures to Kickstart A Travel Agency in Dubai
The tourism sector has flourished abundantly in Dubai. People across the world come here to celebrate holidays and set up a business. Considering the tourist flow, the UAE government has taken many significant steps to make Dubai the most desirable city in the world.
The government is now more open to tourism-related business activities. Entrepreneurs can now easily acquire a business license with the help of a reputed business set up agency.
With the rise in tourism and over 12 million tourism flows, travel agencies and tourism-related industries have garnered enormous business prospects in Dubai. Setting up a travel agency in Dubai promises skyrocketing profit and business success.
Crucial Procedures to Set up a Travel Agency in Dubai
For setting up a travel agency in Dubai, it is crucial to know the business regulations and license acquisition procedures in the UAE. Though the government is more responsive to business proposals and activities, strict adherence to rules and regulations and transparent documentation are necessary to open your travel agency.
If you are planning to open a travel agency, first decide whether you want to launch it as a sole proprietorship or as a limited liability company (LLC). For getting sole proprietorship, you are required to become a certified travel agent also. Meanwhile, in the case of LLC, the license acquisition process takes time and more effort on documentation.
When it comes to license acquisition, you need 4 types of licenses to launch your travel agency:
- The travel company license
- The travel agency license
- The inbound travel operator license
- The outbound travel operator license
Let’s see some basic procedures you need to follow to launch your travel agency in Dubai:
- Register the trade name under the Department of Economic
There are many rules and regulations for selecting a trade name for your business. Make sure that your trade name doesn’t include religious names and offensive words. Also, do proper research to make sure that the title is not already chosen.
- Collect all the essential documents needed
To quickly get your license and approval from the Department of Economic Development (DED), you need to be transparent about the documentation process. Essential documents should be collected and verified before you file the application. Here is the list of necessary documents you need to submit before the DED:
- Copy of passport
- Copy of filled application
- Educational and professional qualification certificates
- Conduct certificate
- No objection application from the Civil Aviation Authority
- Lease contract and a blueprint of location
- Submit the application and apply for the license
Once you collect the documents, file the application and apply for the business license. Along with the business license, you need to get approval and license from the Department of Tourism and Commerce Marketing (DTCM) for inbound and outbound operations.
- Memorandum and Article of Association signed by the Shareholders
Memorandum and Article of Association signed by the shareholders must be drafted at the notary to ensure the smooth running of the government and decide on the responsibilities to be shared with the shareholders.
- Open a corporate Bank Account
Opening a corporate bank account is crucial for businesses to ease trade-related transactions. Moreover, corporate bank accounts provide access to secure transactions and international services.
- Pay amount for approval and get the license
Generally, the license acquisition for setting up a travel agency in Dubai starts from AED 20,000. But it also depends on the size of your company, the number of employees appointed and activities included.
- Apply for the employment visa
Getting a staff entry permit is a crucial part of setting up a business in Dubai. You need to apply 30 days before at the Ministry of interior’s e-channels portal to set up the employment visa for staff.
Partner with Marque Way to Launch Your Travel Agency in Dubai
Kickstarting your business is now easy and effortless with Marque Way Business Setup Consultancy. Entrepreneurs need the assistance of an expert business set up company to launch their enterprise in Dubai. Partner with Marque Way and start your travel agency with our assistance and guidance.