Creating a business in any other country requires a lot of formalities as it is mandatory to comply with government norms and regulations. Due to this, many budding entrepreneurs fail to realize their dreams and settle down for employment. However, there is no such problem in the UAE, as the government has come up with a tax-free business environment. There are many free zones in UAE that offer lucrative benefits to budding entrepreneurs, who want to set up a business but don’t want to deal with various kinds of complexities. In this article, we will give the guidelines for how to open a consultancy firm in Dubai.
Steps to start a consulting firm in Dubai:
If you’ve been thinking about starting a consulting firm in Dubai, here are 5 steps to get you started:
- Think about what kind of consulting work you want to do and how it will be structured.
There are different types of consulting firms in Dubai. The services they offer can range from technical to strategic, and they often provide solutions that involve people and processes. Here are some of the most common types:
* Strategic Consulting Firms
* Operations Consulting Firms
* Financial consulting firms in Dubai
* Accounting and auditing
* IT consulting firm
* Business management consulting firm
* Marketing consulting firm
* HR consulting firm /placement consulting firm
* Legal Consulting firm/law firm
* Boutique consulting firms in Dubai
* Business advisory firms in Dubai
* Healthcare consulting firm in Dubai
- Find someone to help you with the legal aspects of setting up your business.
Get help from experts who can help you with the legal aspects of setting up your business. If you don’t have a good relationship with an accountant or tax preparer, try asking around for recommendations. We are the best business setup consulting firm in Dubai helping many people to form their companies in UAE with hassle-free. if you are interested you can get a free consultation from us.
- Choose a name for your company.
You should choose a company name that should follow the UAE trade name regulations. While filling out the form you will find the instructions on how to choose the trade name to avoid cloning the brands that are currently existing.
- Register your business with the Department of Economic Development (DED).
After choosing the trade name you have to register that in Dubai DED and then apply for a trade license. With our help, you can do all these faster and no need to rush into the offices.
- Choose the location to set up your new business or consulting firm in Dubai or any other emirates.
In UAE there are seven emirates where you can open business freely without cost-effectivenesses, such as Dubai, Abu Dhabi, Sharjah, Fujairah, Umm al Quwain, Ras al Khaimah, and Ajman. Every UAE region has it’s categorized into the mainland, free zone, and offshore areas. There you can choose an office space or virtual office to operate your business. In this case, we will help you in guiding the best suitable location based on your business activity and the cost estimation for your business setup. Every mainland and free zone has its own benefits.
- Apply for a Consulting License:
You can apply for the relevant consulting license in DED online or through the help of consulting agents like us. We do all the necessary legal document drafting and help you get initial approval, the establishment cards, and the license.
FAQ on setting up a consulting business in Dubai:
Dubai is one of the fastest-growing cities in the world, and its economy is booming. It’s full of opportunities for new business owners who are looking to make their mark in this growing city. There are plenty of opportunities for growth, expansion, huge demand for consulting services, low overheads, high-paying clients, expand your business globally, and work with different industries.
yes. if you are a foreigner willing to start an LLC then there is no need for a Local sponsor.
There are several different types of visas available for business owners in Dubai. The type of visa you apply for will depend on the type of business you have, as well as your nationality and current place of residence. Mostly freelance visas and business investor visas will get.
The processing time for getting the license is quite short. It usually takes a week to get the license. Coming to the license cost, it depends on the area you choose. Talk with our experts to get the cost calculation for your consulting business formation in UAE.
There are many free zones that offer licenses for affordable prices. When it comes to the cheapest then we would suggest IFZA . International Freezone authority.
if you have any questions about setting up a business in Dubai, then we are there for you. feel free to touch with us. Our experienced business setup consultants will guide you. We also help you in opening a business bank account.