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The following are some of the advantages of having a residency visa in the UAE: Consultancy is a thriving industry. Rehan Abid, Your web browser is out of date. This style of working can be exciting also, as it offers greater diversity than most jobs. This could include blog posts, whitepapers, eBooks, and webinars. It is advisable to seek guidance from Creation Business Consultants to ensure your pre-requisites are sufficient before initiating your registration process. The GCC's management consultancy industry is worth USD 2.8bn, up 7% on recent years. Sorry, the comment form is closed at this time. Skip to content. There are a wide range of business activities under the scope of Consultancy License in the UAE. The prices also depend on the services your company offers. As described above, legal consultancies can be highly profitable in Dubai given the constant demand for legal counsel from businesses in a wide variety of sectors. If you decide 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. Some business activities may have specific requirements, such as an MBA, but this is only rarely required, depending on the type of consultancy you choose to build. Click here to access a draft Partnership Agreement. It means you can rapidly try out new industries, areas and geographies to discover what you like best. They may also provide training and coaching to help employees adapt to the changes. Offering solutions for storage of products, pick up and deliveries to business, especially e-commerce. What is considered a consultancy activity? Working as a consultant can also help you refine your skills and learn new ones at the same time. Read about the 5 facts you need to know about freelancing in the UAE. Architectural and engineering consultancy. The UAE has strict laws to protect the public and its citizens from discrimination. , Business Consultancy and Sales Assistance. In this article, we will answer your most pressing questions, including how do I open a consultancy company in the UAE. While obtaining a consultancy license is a relatively straightforward process, youll need to jump through a few hoops first. 4. While it is possible to get one, it is not easy and requires a lot of time and effort. As a result, there is a growing demand for management consulting services to help businesses navigate this dynamic environment and take advantage of new opportunities. Market your business: Develop a marketing plan to promote your management consultancy business. It is an online multiple-choice-questions-based test and is a 100-mark test. Our clients also enjoy competitive benefits such as 100% foreign ownership with zero paid-up capital and a dual-license option that offers both mainland and free zone on the same license. You can choose to set up a Limited Liability Company (LLC), Sole Proprietorship, Partnership or Branch of a Foreign Company. Our team of experts will leverage their experience to help simplify the process while simultaneously providing you with all the details needed to set up your consultancy company in the UAE. If you have everything in order, you can finish this process in one day. There are various free zones in the UAE and one of the main advantages is that business owners have 100% customs tax exemption, as well as no limits on how much of the businesss capital and profits can be repatriated. Name* * Email. This consultancy license is one of the most common business licenses available in Dubai and is widely accepted for providing professional services. A Civil Company takes the form of a business partnership. It has many activities that fall under the consultancy license, and some of them are as below: Management Consultancies (7320-00) Information Technology Consultants (7210-03) You can go to local events with your colleagues and meet new people. Register your Business name. There will be additional fees for non-Arabic trade names (AED 2,000 per annum) and the Management Skills Placement Test as mentioned above. Scouting talents, onboarding & training staff, formulating policies, conducting exit formalities, Analysing the various processes of businesses to suggest suitable change for optimisation. The first step to get a consultancy license in Dubai is to choose your business activity. Offer value to your clients: Provide your clients with exceptional service and results. This involves budgeting, debt management, fundraising, and financial advisory services. As more entrepreneurs and companies look to the UAE to start and scale their businesses, they require specialized services to support development and growth. This package is ideal for people launching alow-cost businesswho do not want to spend too much on their startup. Search +971 56 408 6728; WhatsApp; Freezone. It can be challenging to find accurate, reliable information on how to get aconsultancy license in Dubaiwhen you are just starting. The need for consultants is constantly increasing, and the demand for qualified professionals is more significant than ever. For instance, as a consultant youll be able to tap into a larger pool of job opportunities. How much it costs to start up a legal consultancy in Dubai, UAE, can vary, depending on the activities you are planning to undertake, how big the size of the consultancy will be, and where it is set up. Generating profit is important, but in the beginning, its essential to build up good client testimonials. With your Emirates ID card, you can open a bank account, rent a property and take out contracts. Our team of experts will leverage their experience to help simplify the process while simultaneously providing you with all the details needed to set up your consultancy company in the UAE. cialis in malaysia The short-term use of melatonin supplements appears to be safe for most adults and children. To be a good business owner, you need to learn to make money from your business. Reserve a trade name: Reserve a trade name for your company through the DED. It is the first mobile laboratory in the field of monitoring the air environment to obtain this certificate in the UAE, which is a testament to the efforts of Dubai Municipality to improve air [], Dubai Municipality launched the Food Safety Hero program for schools at the International Centre for Culinary Arts (ICCA) in Dubai Knowledge Park. Pay the DED fees and obtain the Professional license. The license will be issued based on the business activity and the legal structure of your company. In some cases, the DED is flexible on this allocation, for example in instances where the Dubai company has a large outdoor sales force. Setting up your UAE consultancy business - a timeline. Legal Consultancy Firm Licence Application - Company . There are many ways in which a business can generate revenue and income. There are two options for your consultancy business setup in the UAE: If you decide to set up a mainland company, your application will be processed by the Department of Economic Development. Copyright 2023 Creation Business Consultants. Aconsultancy license in Dubaiis issued by the government to a person or entity who wants to establish or operate a business to provide professional consultancy services. This diversity provides ample opportunities for management consultants to work with a wide range of clients and industries, making it easier to build a successful consulting practice. Firstly, you need to decide on the name for your legal consultancy. Range of locations Unlike a free zone, which is a designated area, you can set up a Dubai Professional License company in any area of Dubai, including Deira, Bur Dubai, Business Bay and anywhere else on the Dubai mainland. Apply for license Applying for a consultancy license in Dubai needs special attention. Studying the marketplace to predict the viability of certain products and services. Evaluating results: Finally, management consultants evaluate the results of their work to determine the effectiveness of the solutions they have implemented. The UAE offers a wide range of financial incentives, including 100% foreign ownership, 100% profit repatriation, rich networking opportunities, and no share capital requirements. Being a consultant means taking on different projects that can broaden your expertise significantly. This is because you cannot provide all types of consultancy services with one license. (89) of 1994On"RegulatingthePracticeof Engineering Consultancy Profession in the Emirate of Dubai" as amended by Local Order No. Consultancy in Dubai is a booming industry. If you are getting started, you must ensure that the work environment and culture are a good fit for your personality. The number of visas allowed depends on the office space taken, which is usually calculated at 80 square feet per visa. This often involves gathering and analyzing data to identify patterns and trends, as well as conducting interviews with employees and stakeholders to gain a deeper understanding of the organization. Also, individuals registered with Dubai Economy could take up government projects and contracts. How to apply for a financial consultancy license in Dubai? The business of providing advise falls under professional category. A consultancy License is the right business license for establishing a company to tap the growing demand opportunity. Predicting potential risk factors to effectively manage them. Read aboutconsultancy business activities. After this has been completed, the applicant must visit the department relevant to them to show the original documents and embrace the oath although this only applies to those who want to represent local court cases. It is advisable to work with a business consultant to avoid unnecessary rejections and delays. It would have to be mentioned in the Memorandum of Association. Upon completion of the initial measures, your CEI will co-ordinate with the authority to issue the constitutional documents such as the trade license, share certificates, company memorandums, and articles of association. If you need a way to earn more money, the United Arab Emirates is one of the best places for entrepreneurs. How to Get Consultancy License in Dubai? Second, you need a plan for how you are going to market yourself, which will require both time and money. Setting up a business in Dubai requires hard work and professional assistance in order to finish the entire process without a hassle. You can set up such a license with a desk space, unless more visas are required. Consultancies come under theLicense Activity Group: Consultancy -D- management, information as well as marketing. The license also allows consultants to work on projects related to their field, which helps them avoid constantly changing jobs or being forced into working on something unrelated just because they do not have an international license. Professional trade license fee for mainland company. There are over 50 free zones in the UAE and you can get the benefits of tax and customs rates as well as have full control of your business without the need for a local service agent. Financial consultants are a crucial component of the business. 6. Leverage search engine optimization (SEO): Optimize your website and content for relevant keywords to improve your visibility on search engines. It is valid for one year and enables you to hire employees inside and outside the UAE. Dubai is a thriving metropolis, and it is home to some of the most exciting and unique companies in the world. In this article, we will provide a clear guide to how this can be achieved, including: One of the main advantages of starting a legal consultancy in Dubai, UAE is the growing opportunities there. Banking, finance, and credit consultancy. Now, however, those with know-how of niche activities can start their own business with consultancy license in Dubai. You can choose from business centre desk options as well. The Department of Economic Development (DED) offers a list of business activities for which you can apply for a license. Share your content on social media and other relevant platforms. 1. 1 likes, 0 comments - FZ Consultancy (@fzconsultants) on Instagram: "Types of Business License in United Arab Emirates. At this stage you are required to choose the appropriate office option for your new business. Trade Name: The trade name should be associated to the commercial activity of the business. Phone. It is ideal that your company name reflects the interests of your business and does not contradict it. Word of mouth is one of the most powerful ways to secure and maintain a client. The first step in applying for a consultancy license in Dubai is to choose the right type of license for your business. In addition, free zones have no currency or foreign exchange regulations. Local Order No. Here is a summary of the approximate costs incurred in setting up a consultancy in Dubai: *The market fee is a factor of the annual rent and will be added to the final DED invoice. It has many benefits for those who need aconsultancy license in Dubaiand their clients. If you have marketing skills, you can build up your business and attract new customers. Consulting companies are a great asset to businesses that require outsourced solutions, resources, or expertise within a specific area. We are the best consultants in the UAE, and our consultants are highly qualified and experienced to help you get your consultancy license. Networking is practically part of the job description, and youll get the opportunity to interact with a wide variety of contacts that may prove useful in the future too. Suggesting ways to improve lead generation. For tax consultancy license registration in Dubai, we explain why the growth of these tax consulting firms in UAE increasing. An HR consultancy license in Dubai can pave the way for a successful entrepreneurial journey. Starting a management consultancy can be rewarding in more ways than one. Contact UAQ Free Trade Zone for a personalised quote based on your specific . Companies find they can save money on rent and quickly draw foreign talent due to the regions diverse and well-educated workforce. You will not need legal help to have your consultancy license most of the time. What does a financial consultant do? There is a thriving business community in Dubai, UAE, and with the economy now growing strongly after the pandemic, business owners and managers are looking to expand into new markets, acquire rivals and launch new products. 2102 Cheddar Cheese Tower (O-14 Tower), Marasi Dr, Business Bay, Dubai, UAE +971 4 878 6240, Office 1400, Floor 1st, Building 4034, Al Hussain Bin Ali Street, Secondary # 7815, Al Maseef District, Postal Code 12468, Riyadh, KSA +966 54 995 2676, Dubai: +971 4 878 6240 Riyadh: +966 54 995 2676. Tax, accounting, and bookkeeping consultancy. Last modified on 07-10-2022 at 10:01 am, Conformity and Standardisation Certificates, Contractors, Consultants and Building Material Suppliers, Leasing Dubai Municipality Properties and Spaces. The financial Consultancy License in Dubai is a popular business license category. Reserve a trading name. However, do keep in mind that there are other costs to consider . With our experience in the industry, we can help you to stand out from the crowd and gain your competitive edge in the market. Research and planning: Conduct thorough market research and analysis to identify the demand for management consultancy services in Dubai. Your company must be registered with the Federal Authority for Identity, Citizenship, Customs, and Port Security to obtain residency visas for your investors and employees. Set up your office: Once you obtain your business license, you need to set up your office space. In addition, you will need to factor in the number of employees you have, how much experience they have with consulting work, and how long your company has been operating. Shuraas comprehensive package includes your investor visa for life! Financial advisors assist in planning precise business strategies. Some of these are well-documented, such as good pay and travel perks, but others are often overlooked. To operate your business legally in the UAE, you will need to apply for a license. High-quality talent: Dubai is home to a diverse and highly skilled workforce, with many professionals from around the world choosing to work in the city. However, a local Agent has to be appointed for a yearly fee for liaising with the government for administrative works. As a result, theres a huge demand for management consulting services to help businesses navigate the intricacies of doing business in this area. 3. General company naming guidelines are as follows: Creation Business Consultants will assign you to a dedicated Client Relationship Executive (CEI) who will assist and guide you throughout every stage of the process. 60% is the passing criteria. A consultancy company in Dubai can be registered on a desk space as well. *, Management consultancy licenses in Dubai [2023 Guide], Start a Pharmacy in Dubai, UAE (Costs and Requirements), How to start a car wash business in Dubai, UAE, Understanding the new NRI 2023 status rules, Logistics License Dubai Cost and Requirements, Start a perfume business in Dubai, UAE: Step-by-Step, How to start a catering and food delivery service business in Dubai, UAE, Start a facility management business in Dubai, UAE, How to start a manpower supply business in Dubai, UAE, How to start an audit firm in Dubai [2023 Guide], How to start a storage company in Dubai [2023 Guide], Cybersecurity business in Dubai [2023 Guide]. Your companys investors, staff, and dependents would need a visa to legally reside and work in the UAE. The UAE Consultancy License is a good option for those who want toform a new companybut are not fully qualified for an international license. Your CEI will arrange an on-boarding call to discuss the process, requirement, and timeframe of completion. If you intend to apply for your consultancy license and register your business in Dubai and the UAE, you will need to decide if a free zone or mainland license is the best option for your business needs. However, getting aconsultancy license in the UAEcan be challenging for new entrepreneurs. You can achieve success by being intelligent and efficient. A Civil Company can be owned by professional partners of any nationality. To open a legal consultancy, there are various documents that must be provided, but most of these should not pose a problem to an applicant. Worldwide Formations are the experts in all things relating to business setup in the UAE. The cost of a consulting business license can vary depending on where you are located and your company size. 2. In Dubai, two types of management consultancy licenses exist: commercial and professional. The trend has been growing for about 15 years now, but it seems like it is finally reaching the tipping point. (133) of 2005 for registering engineers working for consultancy offices and contracting companies in Dubai in the Consultants and Contractors Register. As a consultant, training needs to happen at speed, so youll quickly become an expert. It is also called as the byproduct of outstanding client services that get delivered by people and called as best in industry. Choose a suitable company structure Sole proprietorship, Limited Liability Company (LLC). Also, the manager of the License would have to take an exam (theManagementSkills Placement Test) in the American University of Dubai (AUD), the cost of which is AED 2,100. The capital need not be a specific amount. Job flexibility is one of the most oft-cited benefits of owning your own business. The license can be setup within a few days, sometimes even in a few hours, if you meet the required criteria. Financial Consultancy license in Dubai offers a wide range of services to businesses ranging from small firms to global firms. Harneet Bhatia is the Sales and Compliance Officer at Connect Group. Provide the lease agreement . As a 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. You can set it up with minimal capital, without compromising on service. Our business consultants in Dubai will build your dream business and provide you with the perfect business solutions. Types of management consultancy licenses in Dubai In Dubai, two types of management consultancy licenses exist: commercial and professional. In Dubai and the UAE, consultancy services are often required by foreign investors who are unfamiliar with the local market climate. Also required is a photocopy of your passport and visit or residency permit. But as more consultants appear on the market, how do you stand out from the crowd and grow your business? In some cases, the DED is flexible on this allocation, for example in instances where the Dubai company has a large outdoor sales force. Continuously improve: Monitor your website and social media analytics to track your progress. There are options of setting up in a free zone in Dubai, where a consultancy activity would be required with corporate ownership. It allows them to be employed in more than one country, benefiting those who need to travel frequently as part of their job. This will help you to determine the feasibility of the business and the viability of the business idea. Smith & Co is your preferred company name and Management Consulting is the companys business activity. Get the latest promotions and news by subscribing to our newsletter. Contact A&A Associate LLC for Consultancy License. Process of Obtaining an Educational Consultancy License in Dubai To set up an educational consultancy business in Dubai mainland, you must approach the Department of Economic Development (DED). Activities of consulting engineering offices and contracting companies in Dubai fall within a regulatory framework in which Dubai Municipality has set binding standards and conditions. 7. How much it costs to start up a legal consultancy in Dubai, UAE, can vary, depending on the activities you are planning to undertake, how big the size of the consultancy will be, and where it is set up. Develop a strong online presence: Build a website that showcases your expertise, your services, and your client success stories. License Type Professional Activity Description Note - An HR Consultancy license is not permitted to recruit staff/employees on brokerage or temporarily Let us assist you with HR consultancy license in Dubai, UAE. We have been consulting investors and entrepreneurs on company formation in the UAE since 2004. Options for multiple visas Dubai companies allow for unlimited visas when setting up on the mainland. Choose your Business Activities The first step is to select the business activities you wish to perform with your consultancy license in UAE. Here are some other reasons why this country is a great place to get your consultancy license: In Dubai, many companies provide Business consultancy services to their clients. After trading, consultancy is the second-most popular business activity in Dubai. If you'd like an accurate quote, contact our team at Trade License Zone to help you. Three proposed names for Trade Name Reservation. The idea of flexible work hours is popular amonge-commerce license in dubai for business owners. There are many different types of consultancy licenses in the UAE and these depend on the nature of the business activity. The cost of a management consultancy license in the UAE starts from AED 5275.

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