The United Arab Emirates (UAE) is an economic hub with thriving sectors such as real estate, trade and labour recruitment. For businesses or individuals planning to establish themselves in the UAE, acquiring the correct licences is a critical first step. Among these, a Commercial Brokerage Licence holds significant importance for those wishing to mediate between employers and employees or assist companies in temporary recruitment. This guide provides an in-depth look at the process, requirements and conditions for obtaining a commercial brokerage licence in the UAE along with insights into business plan development, office set-up, and infrastructure essentials. It also explores the challenges and opportunities within the UAE's real estate market, providing a comprehensive overview for potential brokers.
Commercial brokerage firms act as intermediaries, helping connect buyers and sellers across different sectors. They streamline transactions by leveraging their market knowledge, ensuring all parties achieve their goals efficiently. Brokers often provide insights, market analysis and negotiation expertise to facilitate successful deals.
Commercial brokerage spans several industries in the UAE, including: ● Real Estate Brokerage Assists buyers, sellers, landlords and tenants in navigating the property market, including residential, commercial and industrial properties. ● Retail Brokerage Focuses on helping businesses find prime retail spaces in malls, shopping centres and other commercial areas. ● Office and Industrial Brokerage Facilitates transactions for office set-up and infrastructure, warehouses and industrial facilities tailored to businesses' operational needs. ● Hospitality Brokerage Connects investors with opportunities in hotels, resorts and serviced apartments, capitalising on the UAE's booming tourism sector. ● Investment Brokerage Specialises in mergers, acquisitions, and partnerships, supporting businesses and individuals in high-value investment transactions.
The Ministry of Labour offers two key licences for businesses in this domain:
This licence allows agencies to mediate between employers and potential employees or their Public Relations Officers (PROs). These agencies collect and maintain comprehensive databases of job opportunities, employment applications and worker details, which can be utilised by interested parties. However, the agency remains independent and does not become a party to any employment relationships formed.
With this licence, agencies can hire workers and make them available to a third party (referred to as the "user") to perform services or jobs under the user’s management. In this case, the agency becomes the direct employer of the labour.
• Applicants must be UAE nationals aged 21 or above • Corporate applicants must ensure all partners are UAE nationals Application Channels: • Service centres like Tas'heel • Establishments registered with the Ministry’s e-forms programme Processing Time: 15 working days Step-by-step Licensing Procedure: 1. Prepare the required documents Ensure all required documentation is complete. This includes: • A valid passport copy • A family book copy • An Emirates ID copy • Certificate of good conduct or rehabilitation • Proof of commercial name reservation • Written acknowledgement of application • Detailed sketch of the establishment’s location 2. Submit the Application Applications can be submitted via Tas'heel centres or through establishments registered with the Ministry's e-forms programme. The application will then be electronically transferred to the Ministry for verification. 3. Verification and Approval The UAE Ministry will verify the application, ensuring all documents and conditions are met. If approved, the applicant will receive an approval notice and number through the Ministry’s website. 4. Payment of Fees Applicants must pay the prescribed fees via Tas'heel centres or registered establishments. 5. Finalisation and Licence Issuance Upon fulfilling all requirements, the licence will be issued. If any documents are missing, applicants will be notified to re-submit the necessary details.
Whether you’re exploring opportunities in real estate, retail or investments, the UAE offers immense potential for commercial brokers. Choose the right set-up, understand the licensing requirements and align your business strategy with the region's dynamic market. Looking for a business-friendly jurisdiction with a streamlined set-up process? Explore Ras Al Khaimah Economic Zone. Situated in the heart of Ras Al Khaimah, the Ras Al Khaimah Economic Zone (RAKEZ), is a powerhouse business and industrial hub in the UAE that uniquely offers customisable solutions to set up your office in a free zone and non-free zone. From freelancers and startups to small and medium-sized enterprises (SMEs) and industrialists, the multinational community at RAKEZ is flourishing in over 50 industries. Get in touch with consultants at RAKEZ to learn more about us. Reach us on: Phone: +971 7 2041111 Email: info@rakez.com
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