Dubai Opens Door to Foreign Investors

Dubai Opens Door to Foreign Investors with Revolutionary Technical Service License

Dubai has opened its doors to foreign investors by introducing a revolutionary new type of license, the Dubai Technical Service License. This license allows foreign investors to establish and operate a technical service business in Dubai without the need for a local sponsor or partner.

Previously, foreign investors were required to have a local sponsor or partner holding at least 51% of the shares in the company, which made it difficult for foreign investors to have full control over their business operations. However, with the Dubai Technical Service License, foreign investors can now establish and own 100% of their technical service business.

This new license is a significant step towards creating a more business-friendly environment in Dubai, as it allows for greater foreign investment and encourages entrepreneurs to set up technical service businesses in Dubai. The Dubai Technical Service License is available to individuals and companies in various technical service sectors, including information technology, engineering, and consulting services.

To obtain the Dubai Technical Service License, applicants must meet certain eligibility criteria, such as having the necessary qualifications and experience in their chosen technical service sector, and must comply with all relevant regulations and requirements. The application process involves submitting all necessary documents and paying the relevant fees.

Overall, the Dubai Technical Service License is a game-changer for foreign investors looking to set up technical service businesses in Dubai, and it is expected to boost the economy by attracting more foreign investment and creating new job opportunities.