A consultancy License from Dubai Economy is considered as an individual ownership liability. Individuals can form a civil work company by adding shareholders (all professionals) and registering a trade name with the Dubai Economy. The investors have to submit the attested degree for the specialized license and attend the exam (Management Skills Placement Test) to qualify for the professional consultancy license. The key benefit of Dubai consultancy license is 100% foreign shareholding ownership. However, a local Agent has to be appointed for a yearly fee for liaising with the government for administrative works. Also, individuals registered with Dubai Economy could take up government projects and contracts. The investors have flexibility in setting up their office anywhere in UAE and operate with UAE and international clients from their office or anywhere.
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Consulting License in Dubai
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CONSULTANCY LICENSE FROM DUBAI ECONOMY
Consulting License in Dubai
Consulting firms dispense advice and guidance to individuals and large organizations who always require the specialized services of professional consultants. And with so many thriving sectors, the demand for business consultancy and support is forever increasing in the UAE. When you plan to start a consulting business in Dubai, the first thing you need to do is obtain a business license. Let us look at all the steps in getting a consulting license in Dubai.
Steps to Obtain a Consulting License in Dubai:
- Establish your business activity.
- Register a company name.
- Choose a suitable company structure – Sole Proprietorship, Limited Liability Company, Branch of a Foreign Company.
- Choose your business location – Dubai Free Zone or the Mainland.
- Choose the office type based on your budget (Flexi-Desk, executive office, etc.).
- Apply for a consultancy license by submitting the required documents and paying the license fees.
- Obtain the consultancy license, apply for a UAE residence visa, and open a corporate bank account.
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Types of Consultancy Licenses in Dubai:
To obtain a consultancy license, make sure you apply for the right one based on the nature of the business activity you intend to carry out. There are different types of consultancy licenses in the UAE based on a wide range of business activities as follows:
- Business Setup Consulting
- Industrial Consulting
- Strategy Building Consultancy
- Financial Advisory
- Investment Consulting
- Market Research Consulting
- Accounting and Finance Consulting
- Sales and Marketing Consultancy
- IT Consulting
- Project Management Consulting
- HR Services and Manpower Consulting
- Process and Operations Management Consulting
- Logistics and Shipping Consulting
- Strategic Marketing Consulting
- Engineering Consultancy
- Legal Consulting
- Risk Management and Compliances Consulting
Applying for a Consultancy License in Dubai:
- 1 . You can apply for a consultancy license (commercial or professional license) to the Dubai free zone or directly to the Department of Economic Development (DED). You will need to submit the following documents while applying for a Consulting License in Dubai.
- 2 . Completed application form along with the necessary documentation about you and your business
- Copies of passport and visa of the business owner or owners
- 3 . Two color passport-size photos
- 4 . Copies of specific approvals obtained from the respective government authorities, depending on the type of consultancy firm
- 5 . No Objection Certificate (NOC) from the sponsors
- 6 . Unified Number, in case the shareholder holds a visit visa
- 7 . The application process is fast, and the license usually gets issued within a few days. A scanned copy of the original trade license is sent to you via email. Once you receive a copy of the license, you can start operating your consulting business straight away.
Step by step process to get a Consulting License in Dubai
Choose a business activity
The first step to get a consultancy license in Dubai is to choose your business activity. As the consultancy license covers many business activities across many industries, you need to lay down the exact nature of the work you intend to carry out.
Choose your company name
UAE follows a strict but easy set of naming conventions. The name must not contain any offensive language, any reference to well-known institutions, or abbreviations of your name but the full name may be acceptable
Apply for the license
Applying for the consultancy license in Dubai needs special attention. There are designated authorities for the mainland and free zones and based on the jurisdiction of your choice, the process varies. It is advisable to work with a business consultant to avoid unnecessary rejections and delays.
CONSULTANCY LICENSE FROM DUBAI ECONOMY
A consultancy License from Dubai Economy is considered as an individual ownership liability. Individuals can form a civil work company by adding shareholders (all professionals) and registering a trade name with the Dubai Economy. The investors have to submit the attested degree for the specialized license and attend the exam (Management Skills Placement Test) to qualify for the professional Consulting License in Dubai.
The key benefit of Dubai consultancy license is 100% foreign shareholding ownership. However, a local Agent has to be appointed for a yearly fee for liaising with the government for administrative works. Also, individuals registered with Dubai Economy could take up government projects and contracts. The investors have flexibility in setting up their office anywhere in UAE and operate with UAE and international clients from their office or anywhere.
CONSULTANCY LICENSE FROM UAE FREE ZONES
The Free Zones of UAE offer cost-effective consultancy license packages at all-time low rates. To start small or test the markets, setting up a Free Zone Consultancy company is an ideal option.
The Free Zones of UAE offers the perfect infrastructure, amenities, and business license for starting consultancy businesses in UAE. The Consultancy License from the Free Zones of UAE is one of the most -in-demand business license categories.
The Free Trade Zones are ideal for the investors to take an office space for the consultancy and invite clients for the meeting. The ecosystem and business network in Free Zones support the growth of consultancies in the UAE significantly.
Why consider Consulting License in Dubai
UAE as a growing hub for entrepreneurs with an expertise in a wide range of activities – from food, hospitality, technology, healthcare, tourism, retail, and more – all requiring the service of professional consultants. Consultancy license in Dubai is one of the most popular and high-demanded business licenses in the UAE.
There are two options to start your Consulting License in Dubai:
– Mainland company formation
– Free zone company setup
When you decide to set up a mainland company, your application will be processed by the Department of Economic Development. A mainland license provides a huge opportunity to run the business anywhere in the United Arab Emirates and internationally without any limitations. It has many activities that fall under the consultancy license.
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