What is the one thing that matters to you most?
Are you a professional who’s already seen a lot of success in your working life, yet struggling to progress any further?
Do you feel stuck in something, and you want to explore new possibilities?
Are you struggling to find a fulfilling career or dreaming to create one?
Is your life journey a climber? Camper? Or quitter?
An idea can change your life. Do you have an idea?
Are you designed to win or programmed to fail?
Well, you must have asked these questions many times. What if you could use these questions for your own advantage and become your own boss? You can turn nearly any skill set into a career where you can be your own boss.
To discover how to become your own boss successfully, you must unlock your passion and your skill set, then combine them into a winning business idea. When you decide to leave your desk job, you may discover that weighing your options is a must in order to make the best decision. Either you start a new chapter in the world of freelancing, or you take the plunge and start your own business. You have a choice.
With the UAE economy recovering from the Covid aftermath, the job opportunities for freelancers in the region are on an upward trend. Freelancers from all over the world are primarily drawn to the nation because of its friendly regulations. A freelance license is introduced, enabling freelancers in the media, technology, and education sectors to legally sell their services in the UAE.
While the freelance license is offered by almost all the Emirates in the UAE, most people choose either Abu Dhabi, Dubai, or Sharjah. These locations are convenient plus there are more opportunities to network and build your clientele. One of the best perks for freelancers in the UAE is that irrespective of which Emirate is issuing your license, you are free to work from anywhere in the UAE. You are even allowed to work from abroad, so long as the freelance license is valid.
Being an independent practitioner, however, can place some restrictions on your ability to acquire large clients who have established corporate processes as your network and prominence in the sector expand. This implies that you might be asked by some of your potential clients to submit a TRN (Tax Registration Number) issued by the Federal Tax Authority, which you cannot do if you have a freelancer authorization.
At this point, the benefits of getting the appropriate trade license to run your own business legally are far more valuable and profitable. So, when do you need a trade license?
To begin, you should be aware that a freelancer permit restricts you to specific industries such as education, technology, and media. If your talent, skills, or profession do not fall into one of these categories, your only option is to obtain a trade license and start your own business. The free zone provides a diverse range of business activities that cater to almost all industries. Simply collaborating with company formation experts will ensure the success of your business setup.
Scalability refers to your capacity to expand your service offerings without facing any legal repercussions. If your aim in the future is to create a brand that will be established for the services you offer, the only way to do this is to set up a business. Scalability also relates to your ability to hire people to work for you, which you can only do if you have a trade license. Setting up a company, scaling up, and increasing your reputation by starting up a business is far more realistic than when you're competing with other freelancers
For a business to grow at an exponential rate, it must be able to offer its services to the entire UAE market. This is only possible if you have the necessary commercial license. In a nutshell, the ability to conduct business anywhere and at any time allows you to attract both domestic and international clients. A freelancer permit can be a significant impediment when you have already established a name for yourself but are unable to reach a larger market. Make certain that you are not limited to expanding your business within the UAE.
These crucial areas all center on your long-term objectives. It is important to think about the alternative that categorically supports your objectives whether you are just starting out in the competitive freelance market or the entrepreneurial scene of the UAE. Both are flourishing in the UAE. But there will come a point when wiser decisions, like obtaining your own commercial license to operate a business in the UAE, will be the better course of action.
Taking the leap can be intimidating, but with the right information and support, you, too, can make it happen. This is where Emirates Charted Accountants Group (ECAG) can help you in the Free Zone or on the Dubai Mainland with various licensing options that best suit your business strategy. We offer easy, reliable business support services to help you set up and run your company, whether you are a small start-up, freelancer, or have international ambitions. We are value driven and ensure smooth and hassle-free speedy processes of acquiring the license and all the other services needed to build your business from the ground up.
Begin to enjoy the freedom of being an entrepreneur and freelancer. Take a step forward, obtain the necessary licenses, and establish your own business. We are here to crush your obstacles and celebrate your successes.
Call for Consultation
Mr. Ragesh Mattummal | Partner
Mob: +971 50 3578031