6 February, 2024
Are you considering starting a consultancy business in Dubai? Obtaining a consultancy license is a crucial step. Firstly, research the type of consultancy service you want to offer and ensure it aligns with Dubai’s regulations. Then, choose a suitable location for your business and register it with the Department of Economic Development (DED). Prepare the necessary documents, such as passport copies and business plans. Finally, complete the application process and pay the required fees. With these steps, you’ll be on your way to obtaining your consultancy license in Dubai.
A consultant license in Dubai allows individuals or companies to provide consultancy services in the emirate. It empowers them to provide expert advice, guidance and solutions in various areas such as business, finance, legal matters, other specialist areas etc. Gaining this license fulfills a requirement set by local authorities availability, including documentation, costs, sometimes specific qualifications or experience This is an important step for, ensuring compliance and reliability in the marketplace.
Also Read: Industrial License in Dubai
In the UAE, one popular type of business license is for consultants. These are professionals who provide expert advice in various fields like business, accounting, marketing, and specialized services. Many businesses, both big and small, in the UAE require consulting services. For instance, in 2021, Dubai alone issued 72,152 new business licenses, which was a significant increase from the previous year. In the first half of 2022, Dubai granted 45,653 new business licenses, showing a growth of nearly 25% compared to the previous year. This indicates a rising demand for consulting services in Dubai, especially in the post-Covid era.
Businesses often seek specialized help to grow and improve. In the UAE, there’s a high demand for advisors who can offer smart strategies to expand customer base and increase revenue. Consulting services cover various areas such as employee training, IT support, marketing, and finance. If you’re interested in starting your own consultancy business, RadiantBiz can assist you. Feel free to reach out to us for more information.
The potential of your consultancy license in Dubai opens doors to a multitude of services. Here’s a glimpse at what you can offer:
Starting a consultancy in Dubai offers many advantages. Here’s why:
1. Quick Setup: Getting your UAE consultancy license is super-fast. In just under two hours, you can have it ready to go.
2. Investor Perks: UAE offers enticing financial benefits like no share capital requirements, full foreign ownership, and complete profit repatriation, making it a lucrative spot for investors.
3. Flexibility: Launching your consultancy here means you get to call the shots. Manage your time, choose your clients, and tap into a global market.
4. Diverse Industries: Whether it’s engineering, education, tourism, or transportation, Dubai hosts a wide array of industries where you can specialize your consultancy services.
5. Cost-Effective: Setting up shop requires less capital without compromising quality. That’s a win-win situation!
6. Growth Opportunities: Many budding businesses prefer to outsource resource management and strategy. As a local expert, you’re in the perfect position to cater to these needs and expand your client base.
If you’re considering launching your consultancy in Dubai, it’s essential to understand the requirements and procedures involved. RadiantBiz, the leading business setup consultant in Dubai, can guide you through the process. Our experts ensure a smooth start to your consulting firm by providing all the necessary information for obtaining your Consultancy license in Dubai.
To apply for a consultancy license in Dubai, you’ll need these documents:
With these documents in hand, you can smoothly proceed with your consultancy license application in Dubai.
“Thinking about starting a management consultancy in Dubai? Here are five essential steps you need to follow:
Most management consultancies fall under the ‘consultancy’ category, covering services like management consulting and marketing.
Your business name must comply with Dubai naming regulations. Avoid using acronyms of your name or any offensive language.
Operating from a free zone offers advantages such as 100% foreign ownership, full repatriation of capital and profits, and zero income and corporate tax.
Register on customer portal, submit your application for the management consultancy license, and pay the required fees online.
Once approved, collect your business license and open a corporate bank account to facilitate client payments.
By following these steps, you’ll be well on your way to launching your management consultancy in Dubai with ease.
Obtaining a consultancy license in the UAE starts from AED 5500. This fee also includes access to co-working spaces and contracts required to take it is important to consider these costs as per your budget half to start your consultancy business in the UAE. When you pay this fee, you get the necessary legal licenses and workspace structure, laying a solid foundation for your operations. Ensuring compliance with local regulations and having the right work environment from the start is an important step towards a successful consulting career in the UAE
Also Read : How to Get a General Trading License in Dubai
UAE Free Zones provide budget-friendly consultancy license packages, making it an excellent choice for those starting small or exploring new markets.
These zones offer top-notch infrastructure, amenities, and consultancy licenses, making them perfect for launching consultancy businesses. The Consultancy License, particularly sought-after, facilitates business growth.
Investors find Free Trade Zones ideal for obtaining office space, thanks to the supportive ecosystem and business network, fostering consultancy growth in the UAE.
Discover how RadiantBiz can assist you in obtaining a consultancy license in Dubai:
With RadiantBiz – Business Setup Consultants in Dubai, obtaining your consultancy license in Dubai becomes a straightforward and hassle-free process.
The average cost of a consultancy license in Dubai typically ranges from AED 15,000 to AED 25,000. The final expense depends on factors like business setup type, office space, and hiring intentions.
Start by defining your business activities, selecting a name, applying for a trade license, and then obtaining the necessary visas. Ensure you have all required documents for the consultancy license application.
Submit the required documents to the Department of Economic Development and the UAE Federal Ministry of Economy, including an application form with your company name in English and Arabic, to obtain a commercial license.
Start by assessing your skills, identifying market needs, leveraging organic marketing, investing in necessary tools, hiring wisely, crafting a compelling elevator pitch, and writing client proposals to kickstart your consulting business.
Choose your specialization, set your rates, build a network, establish an online presence, and apply for contracts to begin your journey as a freelance consultant.
Here is the main procedures to obtaining a management consultancy licence in Dubai.
1. Select a Business Activity.
2. Select a Trade Name for Your Business
3. Select your business location.
4. Fill up your application and pay the fees.
5. Receive your licence and open a business bank account.
6. Innovate your business processes.
7. Assess the market.