Over the last few years, the worldwide consulting market has shown year-on-year increase. The general consulting industry is one of the most mature markets in the professional industry, with a total value of AED 918 billion. The COVID-19 epidemic resulted in an upsurge in people wanting to create their own firms, with a particular concentration on consulting industry entrepreneurs. Many organisations now seek consulting knowledge and direction to map out future strategies and improved business scenarios for their companies, which has resulted in an increase in consultancies demand. They also want to restructure their operations to become more digitally focused, assure business continuity, and invest in new technology
Regardless of the industry in which it operates, every company should examine the possibilities of marketing its activities. Marketing techniques or advertisements may assist them in reaching a larger audience and, as a result, increasing the visibility of their brand in the market. In many circumstances, businesses seek professional marketing assistance from a consulting firm. Apart from the oil and gas industry, consultancy firms have seen significant expansion in Dubai. Such agencies can assist foreign investors who are desperate to gain the attention their business deserves and expand their public reach.
Now, in order to start a consulting business, you must obtain a valid licence. To do so, both domestic and international businesses must follow certain laws and regulations in order for the process to run smoothly and efficiently.
A Dubai Economy consultancy licence is regarded as an individual ownership liability. Individuals can start a civil work firm by registering a tradename with the Dubai Economy and adding shareholders (all professionals). To qualify for a professional consultancy licence, investors must submit a verified degree and take the Management Skills Placement Test.
The main advantage of a Dubai Economy consultancy licence 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 investors have the option of establishing their office anywhere in the UAE and working with UAE and worldwide clients from there.
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 licences in the UAE is a consultancy licence.
In the UAE, you have two alternatives for starting your consultant business:
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 licence, you may save money on taxes and customs while maintaining complete control over your business without the requirement for a local service agent.
Every company needs a consultant to assist them in establishing their business in Dubai. Advertising, marketing, media & entertainment, finance, human resources, and so on are all examples of consultant businesses. These businesses carry out their goals to be number one while keeping in mind the worth of their clients, advertising budgets, and a clear message. Their services differ based on the type of consulting a firm offers.
If you want to get a consultant licence, make sure you apply for the proper one based on the type of business you want to do. In the UAE, there are various sorts of consultancy licences based on a variety of business operations, as follows:
The processes to starting a consulting firm are straightforward. The first stage is to explicitly identify the activity that your consultation service will provide. After you've defined the activity, you'll need to acquire a first approval from the Department of Economic Development (DED), which oversees all license-related operations. Apart from that, you must reserve a business name (for which there is a cost) and then submit all essential documentation to DED for approval.
If all documentation is in order, a consultancy licence in Dubai can be granted in as little as a day through UAE Free Zones.
Free Zones' Consultancy License bundle is reasonably priced. To begin your entrepreneurial adventure, a Virtual Consultancy License with no visa packages is available. The options range from single-year visa quota packages to multi-year visa quota packages.
Consultancy Licenses provide investors with the flexibility to deal with clients from all over the world, as well as the UAE Government and the local UAE market.
No share capital is required, 100% foreign ownership, Local Agent Arrangements, 100% profit repatriation, no tax, world-class infrastructure, networking possibilities, and more are all available to investors.
Starting a consulting firm in Dubai is a simple process; but, when investigating it, keep an eye out for the advertising guidelines stated in the UAE Official Gazette. They must adhere to the requirements set forth by the KHDA in Dubai, which mandates that all such agencies file their advertisements with the Authority's Regulations and Compliance Commission. The procedure for obtaining a consulting agency licence is the same as for any other sort of business. The first step is to create the necessary documentation and follow the process. Step by step process to get a consultancy license in Dubai
The first step in obtaining a consultation licence in Dubai is to determine the nature of your business. Because the consultation licence includes a wide range of business activities in a variety of industries, you must specify the nature of the job you intend to conduct.
UAE has a set of name conventions that are both rigid and simple. Offensive language, references to well-known institutions, or abbreviations of your name are prohibited, while the entire name may be permitted.
In Dubai, applying for a consultancy licence necessitates special consideration. There are authorised authorities for the mainland and free zones, and the process changes according on the jurisdiction you choose. Working with a business expert is recommended to minimise unwarranted rejections and delays.
Following Steps are required to be followed-
Although obtaining a Dubai consulting licence is not a difficult process, foreign business owners must have a complete awareness of the procedure and the requisite papers. As a result, it is essential to file your application with the assistance of professional business setup experts such as Dhanguard. The licencing process and its requirements are well-known to our team. Our experts are also knowledgeable about the permitted business activities and can recommend the ones that are most appropriate for your company.
Dhanguard provides the business setup and company formation services in Dubai, UAE with the guidance of our professional team of consultants. Faster and hassle-free company setup in Mainland and Freezone in UAE.
Dhanguard provides faster and hassle-free Trade License with minimum paper work. With the guidance of our professional team of consultants you will get General trading license, Freelance license, Etrader license, Event Management License, Travel Agency license in Mainland and Freezone in UAE.
The UAE's Free Zones provide cost-effective consultancy licencing packages at historically low prices. Setting up a Free Zone Consultancy company is a great way to get started or test the waters
The application process is quick, and the licence is normally issued in a matter of days. You will receive an email including a scanned copy of the original licence. You can immediately begin operating your consulting business after receiving a copy of the licence
Consulting License comes under the Category of Professional License
No share capital is required, and 100% foreign ownership, Local Agent Arrangements, 100% profit repatriation, no tax, world-class infrastructure, networking opportunities, and more are all available
Free Zones offers a Consultancy License bundle at a reasonable price. To begin your entrepreneurial adventure, a Virtual Consultancy License with no visa packages is available. The options range from single-year visa quota packages to multi-year visa quota packages
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