Obtaining a Business Consulting License in the UAE
By starting a consulting company, you can open yourself up to new options and have complete authority of when, where, and how you work. Starting a consultancy company has low startup costs, and it’s simple to adapt to match your lifestyle and other resources but for this you will need a business consulting license.
In order to start a consulting business, you need to keep a few factors in mind such as what your specialty is? Do you need any special training? How much should you charge for consulting business? How should you structure your services? How to find new referrals and clients? And questions related to your business license as well.
Top 10 most popular consultancy businesses in the UAE
1. Management Consultancy
2. IT Consultancy
3. HR Consultancy
5. Marketing Consultancy
6. Aviation Consultancy7. Architectural Design Consultancy
8. Forensic Medicine Consultancy
9. Science and Technology Consultancy
10. Agricultural research and consultancy
Management Consultancy is one of the most popular Consultancy services in the UAE. If a license for DED mainland is required, a management aptitude test from the American University which has a fee of AED 2400 (approximately), needs to be cleared for the same. Only people with a minimum of a graduate degree are allowed to obtain a license for a Management Consultancy.
Starting a consulting business in UAE-
Step 1: Make a list of your activities.
You must first define your specific business activities – i.e. the sector or market you plan to consult in – before applying for a business permit for your consulting business. With this information in hand, you can begin your search for the ideal operating zone for your business.
Step 2: Pick a name for your company.
The next step is to pick a company name. It’s best to do this ahead of time so you’ll need to register it before trading in the UAE. A few naming conventions must be followed. There are some restrictions, such as the use of only full names with no abbreviations. Any potentially insulting or offensive terms are prohibited. The name should be available to register.
Step 3: Submit an application for your consulting license.
While you can create this application on your own, it is recommended that you collaborate with a company setup agent at this time. Your dedicated account manager will ensure that the submission is valid when you sign up in an operating zone, preventing any problems down the road.
Step 4: Submit your visa application
To setup company in UAE, you’ll need a visa. You can submit this application to the appropriate immigration department while attempting to establish a company. The application for a visa is part of the main business setup process
The Requirements for Starting a Consulting Firm
If you want to start a company in the Mainland, you’ll need a local sponsor. DED (if on the Mainland) or the Free Zone Authority would approve office space. A valid passport is required for the company’s owner or investor. The government protection authority must issue a certificate with no objections.
Documents Needed to Obtain a Consulting Firm License in Dubai
An application form from DED, Copies of the owner’s and partners’ passports are needed for expatriates forming a business, The consulting company is responsible for obtaining initial approval from the authority (municipality, RTA, National Media Council, etc.).If the expatriate is on an employment visa, a No-Objection Certificate (No-Objection Certificate) from the international partners’ sponsors is required. A Unified Number (UID No.) is needed if the investor is on a visa tour. If the company is an advertisement agency, it must obtain permission from the appropriate authority to advertise posters, pamphlets, and other promotional materials.
While this is a generic information on the procedure followed, many consultancies may follow a procedure that may differ from the one mentioned above. Consultancy licenses for certain services can be obtained directly from the authorities while some other consultancy services such as those which provide technical services (eg- medical and healthcare consultancies, etc), need an approval from the authorities associated with the concerned industries. In a management consultancy license, passing a management aptitude test is required as mentioned earlier in the article along with other requirements for the same. Consultancies such as IT and HR do not require any specific approvals.
The Procedure for Obtaining a Business Consulting License in Dubai
After stating the same for public notary services, fill out the application form and apply the above-mentioned documents to the DED. Where the corporation is subject to mainland jurisdiction, prepare a Memorandum of Association (MOA) with its local investor.If the office is authorized for a lease agreement, get the municipality’s approval for a lease arrangement. All forms must be accompanied by a certificate. Send passport copies of the owner/partner and the NOC to the expatriate owner/partner (if any) at any DED branch. At the counters, you can pay to get a warrant, as well as a transaction voucher.
To obtain a license for a freezone company, a simple procedure had to be followed. DED needs to be contacted after identifying the consultancy you want to go about. An application form is to be filled out. You’ll be asked to get the approval from the relevant authorities if needed. Five to Six days will be taken to issue the license.
How RadiantBiz helps you
In matters like business setup, people tend to get confused and get in a chaos due to a number of rules and requirements. This is the time when people tend to look for an expert. A lot of chaos can be avoided if guidance is taken from the very beginning. Every venture may have unique requirements like location, customer convenience, logistical feasibility and banking services.
We at RadiantBiz strive to understand these unique precepts and provide expert and reliable consultation to our clients with updated laws and governing regulations, awareness of their rights and cost effective business solutions tailor made to their business needs and budget.
Setting up a consultancy in UAE is an idea that will flourish a lot, provided the person works towards increasing the reach of the business and works in a customer friendly manner. Approaching professionals for issues related to the setting up of a business is the best choice available in order to prevent any mess up or chaos in the procedures in future.