Dubai is a global hub for doing business across continents ( Europe, Asia, and Africa). With the consulting industry in UAE experiencing significant growth in 2023, reaching $841 million (source: The National News), the demand for expert guidance and support in sectors like IT, marketing, and business management is at an all-time high.
As an investor or entrepreneur, this is your chance to capitalize on this opportunity to flourish in this thriving market. Starting a consultancy company in Dubai will guarantee 100% foreign ownership and many other exciting benefits. However, this will require obtaining a business license in Dubai tailored to your specific goal.
In this article, we’ll walk you through the process of obtaining a consultancy license in Dubai, UAE, and how our expert business setup consultants in Dubai can guide you navigate the legal procedures with ease and transparency.
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Why Start a Consultancy Business in Dubai?
Dubai, UAE, has an ever-growing expat population from all around the globe. As a consultancy service provider, you can offer specialized services to individuals and businesses for their unique needs, such as relocation assistance, market entry strategy, visa and legal support, ETC.
Other reasons why you should consider setting up a consultancy company in Dubai include:
- 100% foreign ownership
- Supportive ecosystem for business growth
- Simplified business incorporation procedure
- No-income-tax and low corporate tax
- High demand in the consultancy industry
- Access to a large pool of multilingual professionals
- Cost-effective and simplified operation
- Remote setup process
- No restriction on foreign exchange and capital repatriation.
Types of Consultancy Services in Dubai, UAE
Offering a consultancy service is one of the most lucrative business opportunities an investor or entrepreneur can leverage in Dubai, UAE. The type of business license that allows consultancy activity in Dubai is the professional license.
With a consultancy license in Dubai, you can run your business from anywhere in the world. Below are some of the consultancy services in Dubai, UAE.
- Accounting, Tax, and VAT Consultancy
- Business Setup Consultancy
- Educational Consultancy
- Engineering Consultancy
- Finance and Investment Consultancy
- HR Consultancy
- Immigration Consultancy
- Industrial Consultancy
- IT Consulting
- Legal Consultancy
- Logistics and Shipping Consultancy
- Market Research Consultancy
- Operations Management Consultancy
- Project Management Consultancy
- Risk Management and Compliance Consultancy
- Sales and Marketing Consultancy
- Strategy-building Consultancy
Steps to Obtain a Consultancy License in Dubai, UAE
Obtaining a consultancy license in Dubai is a straightforward process, especially with the assistance of a reputable business setup consultant. Here’s a simplified breakdown:
- Select the most suitable company structure (e.g., Limited Liability Company) and define your core business activities.
- Decide between setting up your business in the Dubai Mainland or a Free Zone, each offering distinct advantages.
- Choose a unique and relevant name that reflects your consultancy’s brand identity.
- Secure any necessary approvals from relevant government entities.
- Secure office space in the Mainland (not required in Free Zones).
- Submit a formal application for your business license, outlining your business activities.
- Pay the required fees and receive your official business license in Dubai.
- Apply for residency visas for your employees.
- Open a corporate bank account in UAE to facilitate financial transactions.
Get expert Support from our Business Setup Consultants.
Our expert business advisors can guide you through every step of the process, ensuring a smooth and efficient consultancy business setup in Dubai.
We provide a comprehensive suite of services, including company formation, license acquisition, bank account opening, and ongoing business support.