The UAE market shows constant demand for provision of professional and thorough real estate purchase and sale transactions, lease and management, as well as technical and general maintenance. SORP Group, as experts in business licensing procedures, will ensure a quick entry into this highly profitable and thriving niche and support on each stage of your business incorporation in the UAE.
Main types of UAE real estate business licenses
The activities of a real estate broker or agent/ realtor in every phase of purchase and sale of real estate between owners and buyers, leasing to third parties.
Third party propertymanagement
Management of business centers,commercial shopping malls and centers, guest houses or hotels; management of third-party facilities.
Acquisition, maintenance, administration,operations and management of commercial and residential real estate property for rent to third parties.
Full cycle of real estate projects includingpurchase, lease of land, hiring designers, general contractor, construction & marketing.
Operation and management activities, facilitysecurity and cleaning services, building repairs and maintenance.
Real estate consulting
Expert feasibility assessment and planningfor buying, selling, renting, lending of commercial or residential real estate.
Government authorities regulate all areas of real estate activity, which guarantees market stability and the absence of speculation. Therefore, an entrepreneur who decides to obtain a license in this industry can turn to SORP experts to minimize risks and complete the setup process quickly and easily.
SORP Group expert solutionsfor real estate activities in the UAE
We will find the best solution forwhat you want to achieve, the most suitable license and type of legal entity to incorporate.
Guaranteed speed in companyformation and licensing in RERA and DED of the Emirate of Dubai. Agents for a number of FTZs also.
Local partner oragent
Professional nominee service fromSORP Investment LLC with a waiver of rights in Dubai court, to fulfill corporate roles without interference.
Dubai business address
SORP Business Centre providescost-effective ways to rent an office under Ejari / Estidama license, rent flexi-desks or get an E-office.
Opening bank accounts
We know the compliance processesof UAE banks and we provide help in passing KYC for onshore corporate structures and their shareholders.
PRO business support
Representation of interests at stateimmigration authorities and the Ministry of Labor with 24/7 support. Legal, tax and accounting services.
When choosing a license, you need to considerthe following factors
Almost all activities fall under the control of the Real Estate Department, namely the so-called Real Estate Regulatory Agency, as well as other departments depending on the type of activity.
The provision of a local nominee partner with a 51% share is still required for development licensing, and a brokerage or trusteeship requires 100% local ownership.
Place of incorporation
The UAE’s free trade zones do not provide a licensing option to conduct activities in the field of real estate, with the exception of certain consulting areas, real estate investments and the creation of portals for the sale or lease of real estate, etc.
Basic requirements of UAE government bodieswhen licensing a company
The state requires a bank guarantee in theamount of $ 27,000 to $ 2.2 million for a number of licenses. Developers must open an escrow account.
The owner must demonstrate existingspecialized knowledge. In some cases, the owner must take training courses and pass an exam at the Real Estate Dept.
The knowledge of the company'smanagement must be confirmed, or managers sent on specialized courses conducted by the Real Estate Dept.
Proficiency accreditation and coursesmay also be required for employees who perform a range of financial functions, such as operations managers.
In addition to basic permits (RERA), sometypes of activities require approvals from the police, the Tourism Department, and the Construction Department.
SORP solutions for real estatebusiness support
Analysis of the business conceptto choose the optimal licensing, which will allow activities to be conducted in the Emirates as well as international markets.
Handholding through all stages offormation, setting up and starting a business. We build relationships with government agencies that are involved with those activities.
Outsourcing your administrative,HR, accounting and tax functions to SORP specialists slashes overheads compared to hiring highly paid employees.
Obtaining the status of a taxresident provides protection from the exchange of tax information allowed under CRS and applies treaties that avoid double taxation.
Tailored solutions to improve theefficiency of tax optimization schemes for international business based on UAE legislation and our proven expertise.
Confirming economicpresence in the UAE
Proving that the center of controland management actually exists at the UAE business address and that the company is affiliated to the UAE tax regime.
SORP provides a full range of services forincorporation and business management
SORP offers comprehensive support for acquired companies and their shareholders: from licensing, maintaining Bank accounts to obtaining the status of a tax resident of the country
Your requirements are unique. That is why we treat every business individually to tailor the right services to achieve your priorities.
15 years of successful work
We have helped thousands of clients acquire, build and develop businesses in the UAE
Assistance in choosing a bank that is suitable for your purposes, support with bank accounts opening and passing KYC procedures (know your customer).
Obtain your license forreal estate business in the UAE
SORP Group specialists will help you choose suitable types of activities and determine the optimal place of incorporation and type of legal entity to incorporate.
Take the first step today towards creating your business in the UAE!