Steps to Obtain Consultancy License in Dubai
Know the steps to obtain consultancy license in Dubai. Many businesses need the guidance of specialists to achieve faster business growth and expansion. Consultants are the go-to persons to provide the necessary guidance. Often termed as business advisors, consultants have rich experience in various fields and can contribute significantly to driving businesses to prosperity.
Whether a company wants to launch some new project, revamp its marketing infrastructure or launch a re-branding campaign, consultants can make the difference between success and failure.
From HR to accounts, supply chain and logistics to marketing, engineering, IT, finance and accounting, safety and environmental issues, and construction, consultants are in demand across organizations. All management services come under a Management consultancy license. Consultants in various fields are in high demand across the United Arab Emirates.
How to Get Consultancy License in Dubai?
Professionals with the necessary expertise and experience desirous of providing consultancy services to organizations in Dubai or other Emirates must obtain a Consultancy License in Dubai to render the services. The license is similar to the other business licenses because providing Consultancy services amounts to starting some business activity in Dubai.
Having a clear idea about business setup in Dubai is a pre-requisite for obtaining a Consultancy license. You must have a vision of the Industrial sector you wish to serve that matches your professional competence. You must have knowledge and information about the documents required to obtain the license. Having the documents ready at hand will help you gain the license in the shortest time.
Define your business activities
Since Consultancy is applicable across all industries and businesses, you must first define the business activities related to the consultancy services you want to provide.
It is significant because you need the appropriate license for Consultancy that specifies the nature of your business and the related activities. When registering a consultancy business in Dubai, you can enlist at least 10 different business activities.
Select the economic jurisdiction
Dubai offers business opportunities in three specific zones – mainland, free zone, and offshore. To set up a consultancy business, you must choose between the Mainland and the free zone. To widen the service net, it is advisable to choose the mainland for consultancy business because the free zone would limit the scope of services due to various restrictions. However, you must carefully consider the advantages and disadvantages of each zone before taking a final decision.
Decide on the company structure
When forming a company in Dubai, you must choose between the options – proprietorship, general partnership, limited liability company (LLC), Civil Company, etc. The company structure determines the laws, rules, and regulations applicable to your company. Think in the long term and consider your resources and financial capabilities to decide which type of company structure is best for you.
Name your company
UAE follows strict naming conventions, and you must choose the name of your company per the government guideline. Choosing a trading name and registering it is mandatory for obtaining a Consultancy license in the Emirates. The company’s name should be unique so that no other company by that name should exist. After registering the name of the company, you can take the next step of setting up an office.
Lease/ rent an office space
To obtain a Consultancy license in Dubai, you must show proof of address of the company by providing a copy of the tenancy contract or EJARI. However, opting for a virtual office in Dubai is also permissible, provided it matches the nature of your business activities that does not require a physical base in Dubai.
Apply for the Consultancy license
Having successfully covered the steps described above, you are now ready to apply for a Consultancy license. Submit the application form filled with all necessary documents to the appropriate authority and pay the fees against the payment voucher provided to you. On making the payment, and if all documents are correct, you should get the Consultancy license within a few days.
After getting the license in hand, you can apply for your visa. As a holder of a business license in Dubai, you can sponsor visas for your family, including spouses, children, parents, and even workers of your company. You can then open a bank account, obtain business license and start your consultancy services with our expert business setup consultants in Dubai. Get in touch with us to know more details.