The United Arab Emirates offers a straightforward company formation process. An ambitious businessman receives plentiful advantages in terms of business as well as personal leisure. The UAE government does not just encourage big business ideas but also professional skills and talent that want to make a mark in the land of Dubai. People with such expertise and knowledge can set up a consultancy firm and acquire a consultancy license in Dubai.
Passing on expert knowledge can be a great business step, especially in the gulf region. The authority of Dubai provides an affordable and easy consultancy company setup. In this blog, you will get to know why and how consulting can be a lucrative business in the world’s second-largest market, UAE.
What is a Consultancy business?
Consultancy is an area of practice, where providing consulting services to private persons and enterprises in various fields is the primary task. The different fields of consulting may include a solution to financial, legal, commercial, technical, and any other subjects.
The consulting companies or individuals are highly specialized and mastered in a particular field. They offer specialized services in corporate consulting, management consulting, IT consulting, trade consulting, logistics consulting, finance consulting, etc.
The prime purpose of a consultancy firm is to study and solve the problems of the client that hampers the development of their business. The big companies usually seek assistance from a consultancy due to lack of time, knowledge, or other reasons.
List of potential consulting activities
The UAE jurisdictions offer a wide range of business activities to choose from. For individuals or companies who want to start a consultancy firm in Dubai or any other place in the UAE, there is a list of options to choose the field they wish to consult in.
- Management consulting
- IT consulting
- Marketing consulting
- Public Relations consulting
- Sales marketing consulting
- Industrial consulting
- Engineering consulting
- Logistics consulting
- Finance consulting
Benefits of becoming a consultant in Dubai
Becoming a consultant and obtaining a consultancy license in Dubai comes with several benefits, such as:
- Flexible working atmosphere
- Work at your comfort
- Easy setup
- No deductions for tax
- No expensive overheads
- Government support and assistance
Steps to acquire a consultancy license in Dubai
There is no requirement of formal qualification to become a consultant in Dubai. However, the applicant needs to have prior experience or vast knowledge in a particular field. If you wish to pass on that knowledge, you need to follow certain steps to set your foot in the consultancy business.
1. Choose a business activities
Before applying for a consultancy license, you must first plan your specific business activity, i.e. the area you wish to provide consulting. Once you have decided your field of consultancy, you can move further to choosing the location of your firm – mainland or freezone.
2. Choose a company name
Before starting your business in the UAE, you need to decide on a catchy name that captures the spirit of your venture. This particular step is most crucial because the business owner has to abide by a few naming conventions defined by the UAE authorities-
- No abbreviations allowed; only full names
- No blasphemous or insulting words
- No inclusion of potentially offensive names
- Shouldn’t be resembling any other existing trade name
- Must be eligible to register
3. Apply for the license
If you are setting up your firm in the Dubai mainland, you can submit your application for the consultancy license to the Dubai Department of Economic Development(DED). If you have chosen Dubai free zone as your business location, you can directly apply to the respective freezone authority.
Applying for a consultancy license in Dubai is the most pivotal step. Therefore, it is recommended to work closely with a business setup consultant to avoid any delays or possible rejections.
Company formation experts at Shuraa Business Setup can guide you with the best and updated information on consultant license acquisition in Dubai, along with the required paperwork.
Also read the post: Steps to Procure Sharjah Free Zone License
4. Apply for the visa
If you wish to live and work in the UAE, you need to get a valid visa from the immigration department. The whole process usually takes a week or less. The applicant has to go through a medical fitness test and biometric capturing while applying for a visa.
A UAE visa and license holder can sponsor others such as children, spouses, or domestic staff for their visas.
Documents required to apply for a consultancy license
While applying for a consultancy license in Dubai, you must submit certain documents for reference. For instance,
- Application form
- Copy of passport
- Passport-sized photograph
- No Objection Certificate from the current employer
- Proof of relevant experience or qualification
Cost of consultancy license in Dubai
The cost of a business license in the UAE is quite affordable. However, if you are planning to set up your business on large premises with many employees, you might have to incur additional costs. If you are planning to provide consulting services on your own, there are only a few overheads involved.
The choice of business location is one of the factors to decide your business setup cost. Setting up a company in freezone is the best way to keep the startup costs low. Along with a reasonably priced business license, freezones provide other significant leads to the companies such as office facilities, exemption from taxes, visa application, and many other monetary benefits.
You can consult the Shuraa team for all the details regarding the packages offered for company formation in Dubai or any other emirate.
Conclusion
As the UAE is gaining growth and stability in the local as well as the international market, new start-ups are emerging in the country. Consultancy is the top in-demand sector in the country attaining rapid growth and encouraging a pool of talents to enter the region. The UAE is one of the leading markets for consultancy firms. With overflowing multinational companies and international corporations into the Arab land, the UAE provides an ideal business environment for consulting companies to flourish and grow.
When applying for a management consultancy license Dubai or any other consultancy license in the UAE, getting the right guidance beforehand is important. Shuraa Business Setup can assist you in the company formation process and help eliminate any potential difficulties that might arise.
With over 20 years of experience in company incorporation, Shuraa will manage the entire process on your behalf, coordinate with all relevant authorities and get your business up and running within days.
Feel free to contact us!
To learn more about the consultancy business and activities in the UAE, book a free consultation with us now. Call at +97144081900, or drop a WhatsApp message on +971507775554. For email assistance, you can connect us at info@shuraa.com.
