When you first start out, it can be challenging to find genuine, trustworthy information about how to obtain a consultancy license in Dubai. Although it is possible to get one, doing so is difficult and takes a lot of time and effort.
We developed a step-by-step process for obtaining a consultancy license in Dubai to address that issue. We are the top consultants in the UAE, and we can help you obtain your consulting license since our consultants are very skilled and knowledgeable.
What is a consultancy license?
The government of Dubai issues a consultant license to any individual or organization wishing to create or run a firm offering expert consulting services.
One of the most popular business licenses offered in Dubai, the consultation license is highly recognized for the delivery of qualified services. Having this license enables you to provide assistance without being constrained by any specific trade or industry, which is its principal benefit.
This is available from the state government, which will provide it after evaluating your qualifications and expertise. It can require some time.
Why would it be a great idea to obtain your consultancy license in Dubai?
Due to its affordable cost of living and hospitable culture, the United Arab Emirates is currently the location of choice for many businesses. Due to the diversified and highly educated workforce in the area, businesses discover they can reduce their rent costs while also attracting foreign talent swiftly.
The United Arab Emirates is one of the top locations for entrepreneurs if you’re looking for a means to increase your income. There are many prospects for freelancers and small enterprises in the nation, and it has a sizable population of possible partners who may offer ideas and aid in the development of your company.
There will be many chances for you to get your foot in the door, making it easier for you to seek work once you are licensed.
8 easy steps to get the Consultancy License in Dubai
You’ll need to make some key decisions and acquire the necessary paperwork before you can apply for a consultancy license in Dubai. You will then have a few days to get the license.
To avoid any costly setbacks, it is strongly advised that you obtain professional help if this is your first time setting up a company in Dubai.
To obtain a consultancy license in Dubai, you must do the following steps:
1. Select your business activities
The first stage is to decide which commercial endeavors you want to carry out with your UAE consultancy license. This is so that you can’t use a single license to offer different kinds of consulting services. However, when applying for a consultancy license in Dubai, you may choose up to ten company projects.
2. Register your Business name
For your company, you must register a trading name. This is so because the certificate proving trade name registration is a requirement for acquiring a consultancy license in Dubai.
You may choose any name that is not already in use in the UAE to achieve this. Additionally, you must make sure that the name you chose complies with professional standards.
3. Select the Corporate Structure
The laws and regulations your firm will be subject to in the future will depend on the company structure you choose. Because of this, it is advised that you take your time before deciding on your company’s organizational structure.
The most common company structures in Dubai are sole proprietorship, general partnership, civil company, limited liability company, etc., to aid in your decision.
4. Select the economic jurisdiction
In Dubai, there are two different economic jurisdictions from which to pick a consulting business. They are the city’s free zones and the Mainland. However, since the free zone restricts where you can offer your services, we advise that you choose the Mainland instead.
Additionally, there are benefits and drawbacks to each economic jurisdiction. Decide accordingly after assessing the pros and cons.
5. Rent or lease an office
You must rent or lease an office space before you can file for the consultancy license in Dubai because the EJARI and tenancy contract are requirements.
However, you can choose a virtual office in Dubai if your particular firm does not need a real base of operations. The number of visas you can sponsor will, however, be based on the size of your office space.
6. Obtain a Consultancy License by applying
It is time to apply for the consultancy license in Dubai once you have rented office space and made all the necessary decisions. You will be required to complete an application form that includes all the questions you previously decided to ask.
Following that, you must submit the application form together with all necessary supporting documentation. After that, a payment voucher will be given to you. Within a few days of making the purchase, you will receive the consultancy license.
7. Create a business bank account
Opening a corporate bank account for your company is the final stage. Always remember to investigate the financial institution before creating a corporate bank account.
This is due to the fact that not all institutions offer the same advantages and costs. Additionally, keep in mind to carefully read all documents before signing anything.
8. Acquire visas
You can begin the visa application procedure once you get the consultant license. You can sponsor the visas of numerous of your close relatives, including your spouse, parents, children, and one domestic helper if you have a UAE business trade license.
Depending on the size of your office space, you may also be able to sponsor the visas of a number of your employees.
Start now!
Most of the time, you won’t need legal assistance to obtain your consultancy license in Dubai. Employing knowledgeable individuals is preferable if you require professionals to assist you with the process.
Connect with Masar Al Ameen Group. It is a business assistance organization. They provide legal guidance to companies that need help navigating the complicated regulatory framework that is applicable to their industry.
