How to get Holiday Home License in Dubai?
Answered on October 22,2023
At Meydan Free Zone, we can guide you through the following steps to help you secure your holiday home license in Dubai.
The first step is to choose and register your company name.
The UAE has a very clear set of a naming parameters that you’ll need to stick to. But don’t worry, all are straightforward and largely common sense. Essentially, you should avoid blasphemous and offensive language and names of well-known organisations. There are a few more rules too which we will cover in your initial consultation.
At this stage, it is also important to align your business practices to the list of permitted activities. Holiday homes businesses operate under the activity ‘Vacation Homes Rental’. The objective here is to receive instant approval from the Department of Economic Development (DED) where your business name and activities are reviewed for appropriateness and suitability to Dubai’s regulations.
This allows you to rent accommodation ‘…to vacationers on a daily, weekly, monthly or annual basis.
With this early part of the process successfully navigated, we can help you apply for your holiday home license. You can apply for your holiday home license in the Dubai mainland or in a UAE free zone such as Meydan depending on your business objectives, target customers and activities.
As part of your trade license application, you will need to submit a form containing details about your business and its shareholders, as well as proof of address and identification.
As well as obtaining your trade license, you will also need to gain approval from the Department of Tourism and Commerce Marketing (DTCM). Your properties must be registered and inspected regularly as part of this approval process.
Once approved, you will receive an official DTCM certificate of registration which must be displayed within your property.
We’ll also help you obtain your visa. As part of this process, you will be required to undergo a fitness test, blood test, and chest x-ray. You can also sponsor the visas of others such as dependent children and parents, your spouse, and any domestic staff.
Finally, if you’re getting paid in the UAE, you’ll need a corporate bank account. Meydan Free Zone can help with this step too, advising on the right financial institution for your needs and circumstances.
Cost of a Holiday Home License in Dubai, UAE
The cost of starting a holiday home rental business in Dubai will depend on many factors. You will need to account for both your trade license and DTCM fees.
There is another fee to consider too. A levy of AED 300 per year is applied for each room that you rent out, up to an annual total of AED 1,200. Plus, an additional tourism fee of AED 10-15 per bedroom.
Then, of course, there is the cost of maintaining, managing, and listing your property. For a full breakdown of costs get in touch with the team at Meydan Free Zone.
Working with Meydan Free Zone
Meydan Free Zone is a thriving, centrally located economic district with one of the most prestigious business addresses in the region.
We offer our businesses a host of innovative investment and lifestyle benefits in a secure regulated environment that empowers productivity. And we can help you join them too.
Our expert team can assist across the entire company formation journey, from registering your company name to managing your license and visa applications.
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