4 Ultimate Steps Tourism Businesses Must Follow For Smooth LLC Company Formation in Dubai
Launching a travel agency in the UAE involves a few essential steps that you need to follow. Scroll down to know all the steps required for travel company formation in the Emirates.
1- Select Your Travel Agency License
First of all, make sure you’re aware of the types of travel agency licenses available for doing business in Dubai. Currently, there are three types of travel agency licenses you can choose from. Here are they:
1. Inbound Tour Operator License
2. Outbound Tour Operator License
3. Travel Agent License
2-Collect All the Required Documents
Once you choose a suitable license for your travel business in Dubai, start collecting the required documents for it. Given below is the list of required documents to start your travel company in the UAE:
1. Get an application form from the relevant authorities and fill it with complete details
2. Valid passport copies of the applicants
3. Certificate proof of work experience and professional qualifications
4. Certification of clean criminal record
5. A well-researched case study report of the technical and economic feasibility of the project
6. NOC (No Objection Certificate) letter issued by the Civil Aviation Authority
3- Meeting Up All The Special Conditions
After submitting the essential documents for travel business registration in Dubai, you also have to meet some special conditions like:
1. Your Travel LLC must have 49% shares owned by you and the remaining 51% owned by a local sponsor
2. In case of the inbound tour operator business in Dubai, provide the irrevocable bank guarantee in the name of DTCM
3. If you’re an outbound tour operator, then you need to submit the irrevocable bank guarantee of AED 200,000 in the name of DTCM
4. Submission of irrevocable bank guarantee of AED 100,000 in case of travel agent activity
5. Suppose you need to run all the three travel business activities, make sure to submit the total bank guarantee of AED 400,000
4-Submission of Application and fee payment
Lastly, you need to submit the license application and pay the fees after providing the aforementioned documents. It’s an extremely essential step that you need to perform carefully. We would suggest you seek guidance from a world-class business consultancy firm in the UAE.