When you want to start a consulting firm in Dubai, the first step is to get a business license. Let's take a look at the entire process of obtaining a consultant license in Dubai.
When applying for a consultancy license, make sure you apply for the one that is appropriate for the nature of the commercial activity you plan to conduct. In the UAE, there are various sorts of consultancy licenses based on a variety of business operations, as follows:
UAE as a rising hub for entrepreneurs with experience in a variety of fields - including food, hospitality, technology, healthcare, tourism, retail, and more – all of which require the assistance of professional consultants. One of the most popular and in-demand business licenses in the UAE is a consultancy license.
The Department of Economic Development will process your application if you've decided to start a mainland business. A mainland license opens up a world of possibilities for running a business anywhere in the United Arab Emirates and globally. Many of its activities are covered by the consultant license.
If you choose to operate your business in a free zone, you must be aware of the activity and the place where it is carried out. In the United Arab Emirates, there are more than 50 free zones. With a free zone license, you may save money on taxes and customs while maintaining complete control over your business without the requirement for a local service agent.
There are several types of consultancy licenses in the United Arab Emirates, each based on unique business activities.
In the UAE, you can receive a consultant license from one of two jurisdictions. Investors can benefit from each of the business jurisdictions in different ways. Consultancy is one of the most flexible business activities in the UAE, as it can be carried out nearly anywhere on the planet. There is a lot of room for growth in this industry. The United Arab Emirates is the business capital of the world, and it is the ideal location for investors to start a consulting firm and simply expand it up and grow it. Businesses in the UAE have a lot of room to grow and acquire new clientele and business prospects. As a result, obtaining a consultancy license in the UAE Mainland or Free Zone is advantageous for investor.
A Dubai Economy consultancy license is regarded as an individual ownership liability. Individuals can start a civil work firm by registering a trade name with the Dubai Economy and adding shareholders (all professionals). To qualify for a professional consultancy license, investors must submit a verified degree and take the Management Skills Placement Test.
The main advantage of a Dubai consultancy license is that it allows foreigners to possess 100 percent of the company. However, for administrative purposes, a local Agent must be hired for a yearly fee to communicate with the government. Individuals who have registered with Dubai Economy are also eligible to participate in government projects and contracts.
The UAE's Free Zones provide cost-effective consultancy licensing packages at historically low prices. Setting up a Free Zone Consultancy company is a great way to get started or test the waters.The UAE's Free Zones provide the ideal infrastructure, amenities, and business license for establishing consulting enterprises in the country. One of the most in-demand business license categories is the Consultancy License from the UAE Free Zones. The Free Trade Zones are perfect for investors who want to set up a consulting office and invite clients to a meeting. The ecology and business network in Free Zones contribute considerably to the growth of consultancies in the UAE.
Dhanguard can help you select the appropriate Consultancy license option according on your needs and budget. We will examine all of your requirements in depth and build the most cost-effective Company Formation Package for you. We will assist you through all of the company formation processes in the UAE, based on our professional experience of more than two years in the field of company formation and related operations in the UAE.
Speak to one of our expert business consultants to learn more about obtaining a Consultancy License in the UAE.
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