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Management Consultancy license in Dubai

How to get a Management Consultancy License in Dubai?

Dubai has grown into a major business hub in the Middle East. Many of the Global players have their headquarters and business operations in Dubai. Due to the virtue of its location, Dubai has become a major business and tourist location for global travelers.

The business landscape of Dubai is very competitive with innovative companies gaining presence in the largely diverse market. Dubai, as a business market has a huge potential audience reach as the ex-pat population of Dubai, is always on an increase.

Business Scope of Management Consultancy License in Dubai

Management Consultancy in Dubai forms an integral part of the business ecosystem. They assist their clients in effectively leveraging their resources and achieving business goals.

With the aid of Management Consultancies, ambitious business leaders of large companies transform their organizations. The Management Consultancies will devise solutions that help the business to adapt to the latest market trends and technology.

In the current business scenario of Dubai, the scope for Management Consultancy is huge due to the demand for business services in UAE.  The number of new consultancies in Dubai is on an upward trajectory.

These new businesses require robust business support and strategy building to efficiently execute business activities to gain maximum business growth.

Management Consultancy License in Dubai

License Name: Management Consultancy

Activity Code: 741 405

Business Activity Group: Consultancy – D- Management, information as well as Marketing.

License Type: Professional

Business Activity Description:

  • Management Consultancy license in Dubai allows for various activities mentioned below.
  • Provide administrative consultancy
  • Study organization performance and devise improvements
  • Prepare a business plan for streamlining business operations
  • Preparing internal policies and procedures for companies
  • Restructure and develop a strategic plan for the organization

Management Consulting falls under the Professional License category in Dubai, UAE.

A professional license enables entrepreneurs to legally set up their business office, hire employees, apply for a visa, transact with clients, etc.

Broad classification of the Business Licenses available in Dubai

Selecting a business license is critical. It will help you determine the options regarding the legal form of the company and the parties associated with the business entity.

Business Licenses Categories in Dubai :

1. Commercial (Trading) License

2. Professional (Services) License

3. Industrial License

8 Steps to Obtain a Professional license in the Mainland of Dubai, UAE

Professional License can be obtained from the Department of Economic Development (DED) of the respective Emirate in UAE. The individual can open a Civil Company with a Professional License in the Mainland of UAE and start delivering professional services such as legal, business management, accounting, etc. 

1. Select Business Activity

Choosing a business activity is a critical step in a business setup. There are more than 2,100 business activities across different groups such as industrial, commercial, professional, and tourism activities.

Business must also choose their business types also before they select the legal application form. In the case of an individual opening a Management Consultancy, the ideal business type to choose is the Civil Work Company. 

Following are the list of  Common Business Types in the Mainland of Dubai, UAE

1. Joint Liability Company

2. Sole Proprietorship Company

3. Limited Liability Company (LLC)

4. Public Joint Stock Company (PJSC)

5. Private Joint Stock Company (PrJSC)

6. Civil Company

7. Branch Offices

2. Select a Trade Name for your Business

Follow the general trade name guidelines while choosing a name for your business in Dubai. It requires payment for processing your application for the tradename. Once the trade name is selected, the application must be submitted to the Department of Economic Development (DED) for Approval.

3. Apply for Initial Approval

An initial certificate with a non-objection to start a business is obtained from the Dubai DED. With the initial approval, you can apply for a professional license. The initial approval records partners, legal type and activities of the license.

4. Prepare MOA & LSA Agreement

Based on the legal structure of your company, prepare a Memorandum of Association (MOA) with DED. Aurion will assist you with the preparation of the MOA Document and filing for approval from the authorities. For Management Consultancy in Dubai, there is a requirement of a local Service Agent who will act as a liaison between the DED and the company for administrative and visa-related activities.

The individual investor has to sign a Local Service Agent (LSA)/ Corporate Agent agreement with a UAE national. The licensing,  compliance & Visa related activities will be taken care by the local Service Agent. There is a yearly fee for the Local Service Agent to conduct the required activities.

6. Establish a Business Location

All businesses in Dubai must have a physical address. The Ejari has to be registered using your initial approval certificate and other documents required by the Real Estate Regulatory Authority (RERA). It is then further forwarded to Dubai DED to proceed with the process of issuing the trade license.

7. Get Licensing Approvals

In the case of Management Consultancy, there are no additional licensing or approvals required other than the one issued by DED. For certain business activities like healthcare, transportation, etc., requires special licenses.

The Licensing Approval is required for certain business activities to get an office space and conduct business in UAE.

8. Collect Business License

Once all the paperwork’s and required approval are completed, you will receive the company trade license all approved from DED. Now you are legally entitled to start doing business in UAE.

The next important step after obtaining the professional license is applying for a bank account opening and Visa processing for a residency visa.

For setting up of Management Consultancy, the Freezones of Dubai is an alternate option as it offers a host of benefits to the investors. Especially if you are looking for a 100% foreign investment, a tax-free environment, quick registration, etc., the Free zones are the best choice.

Read more to know about the Freezones of Dubai here: 4 Cost-Effective Freezones in the UAE

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