Services License is granted to services provider to produce and deliver their services to end consumers. Most of the intellectual business comes under this category such as financial services provider, traveling agents etc. Similar to trading and industrial license, service license also required local partner with distribution of 51% share to local sponsor and 49% to expat as per UAE local law. An annual amount has to be paid to the local sponsor and he will act like a silent partner in the company without any involvement in day-to-day activities.
Service industry is adding a lot to the world economy growth and we see across the world that the countries focusing on diversification of their services are the pioneer in the global market.
The UAE has been one of the most successful countries in the region for its diversification efforts, and this strategy has been supported by investment in services such as tourism, financial services and many more.
Since U.A.E has variety of free zones and each free zone has its own specialty and strategic location and at the same time mainland is also one of the options to focus U.A.E local market therefore it is important for investor and entrepreneurs to choose right consultant to educate them and to guide them toward right solution for their business.
