Freelancing License Prospects in DubaiAuthor businessconsultantsdubai
There is no denying that freelancing is the future of work. The traditional 9-5 job is gradually becoming a thing of the past and technological advances along with the explosion of online marketplace has directed large part of workforce in considering “freelance” option for starting their business.
By all accounts global freelance economy is booming. Business experts at Forbes dubbed 2017 as “the year of the freelancer”. According to freelancers Union, 34% of total workforce in USA i.e. 53 million Americans are independent workers and the percentage is expected to reach to 50% by 2020.
Many companies are looking to hire freelancers. According to Deloitte’s 2016 Global Human Capital Trends Research, 51% of global executives said that their organizations are planning to utilize more independent workers in next 3 to 5 years.
State of Freelance Economy in UAE
The trend of freelancing has already begun to trickle down to UAE. Loulou Khazen Baz, Nabbesh’s founder and chief executive considers freelance market a niche area and a very novel concept in UAE that is gradually expanding.
Nabbesh is an online marketplace that is currently hosting more than 100,000 freelancers across the region with more than 60% of freelancers coming from UAE. They also witnessed 40% increase in the number of freelancers who are hired by UAE companies in the first quarter of 2016.
- For better career/life balance
- To focus more on the things they love
- For better pay
- To have more control and flexibility over career
- Being able to work with wide range of companies
- No lengthy interview processes
- To save cost on hiring full time employees
- To save company’s retention expense such as medical insurance, appraisal or allowances
- Access to scalable resources
- More skilled and efficient workers
Most Popular Freelance Jobs and Skills in UAE
- Graphic Designing
- Business services and administration
- Content writing ad translation
- Sales & Marketing
- Software/web development
- Creative Arts
- Training and Development
Working As a Freelancer in UAE
Easy License Approval
If you want to work as an independent contractor in UAE, you need a license to register with relevant authority. By registering as a freelancer from Department of Economic Development (DED) or from Free Zone Authority, you establish yourself as a one-person company being eligible to take on contracts from employers.
Corporate Bank Account
Freelancers in UAE can take advantage of corporate bank accounts despite having personal license. Freelancers can deal in multiple currencies and also repatriate 100% of profits in any country.
UAE Government measures to support freelancers
UAE government is greatly facilitating freelancers via support forums, accelerators for startups and solo entrepreneurship workshops.
New freelancers who lack sufficient clientele or money to start their own venture can benefit from “entrepreneur visa” that was introduced by UAE in 2014 which allows foreign workers to offer their services as individuals or setup a new company in UAE. This move has helped freelancers to establish their careers in UAE in different areas.
UAE Free zones that offer freelance license
Popular UAE free zones that offer freelance license are,
- Umm al quwwain (UAQ)
- Creative city Fujairah
- Dubai Media City
- Twofour54 Abu Dhabi
The free zone authorities provide variety of packages, handle license and registration process for the entrepreneur, provide access to freelance network for searching clients and have affordable office space with flexi desk options in order to facilitate growth of freelancer in the zone.
Time to obtain freelance license
Freelance license is generally issued within 7 to 10 days once you have applied for freelance permit in UAE.
If you are looking to setup business in UAE as a freelancer, get the best solution and premier advice from our experts at Business Consultants Dubai.
Contact our consultants now or visit our website to know more about our services.