The global consulting market has recorded year-on-year growth over the past years. With a total value of AED 918 billion, the general consulting sector is one of the most mature markets within the professional industry. The COVID-19 pandemic resulted in an increase of individuals looking to start their own businesses, with a higher focus on entrepreneurs from the consulting industry. The increase in consultancies demand is due to the fact that many companies now seek consulting expertise and guidance to layout future strategies and better business scenarios for their companies. They are also looking to restructure their operations to become digital-first, ensure business continuity, and building resilience.
Why consider consultancy 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 consultancy business setup in the UAE:
When you decided 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.
Read about the consultancy business activities
If you decided to set up your business in a free zone, you need to be mindful of the activity and the location where your business is conducted. There are over 50 free zones in the UAE. With a free zone license, you can get the benefits of tax and customs rates as well as having full control of your business without the need for a local service agent.
Read about the 5 facts you need to know about freelancing in the UAE
Step by step process to get a consultancy 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.
Setup a business in Dubai needs hard work and professional assistance in order to finish the entire process without a hassle. Experts at Decisive Zone will guide you through the entire process and requirements to get a consultancy license in Dubai. Contact us now to book your free consultation.