How to Start management consultancy Company
Dubai involves several key steps, from understanding the regulatory environment to setting up your business operations.
How to Start management consultancy Company
Understand the Regulatory Environment
Dubai Department of Economic Development (DED): Oversees business registration and licensing in mainland Dubai. Dubai Free Zone Authorities: Regulate business activities in various free zones. Ministry of Human Resources and Emiratisation (MOHRE): Regulates labor laws, employment practices, and HR-related regulations.
Choose the Right Jurisdiction
Mainland Dubai: Allows you to operate across the UAE and engage directly with local businesses. Requires a local sponsor or partner (unless in specific sectors or areas where 100% foreign ownership is permitted). Free Zones: Offer benefits such as 100% foreign ownership, tax incentives, and simplified procedures. However, some free zones have restrictions on operating outside the free zone.
Register Your Company
Company Name: Choose a name for your company that complies with Dubai’s naming conventions and get it approved by the relevant authorities. Legal Structure: Decide on the legal structure, such as a Limited Liability Company (LLC), which is commonly used for consulting businesses in Dubai. Initial Approval: Obtain initial approval from the Dubai Department of Economic Development (DED)
Obtain the Necessary Licenses
Consultancy License: Apply for a consultancy license from the DED or the relevant free zone authority. This license allows you to offer HR consultancy services. Professional Services License: Some jurisdictions may require a professional services license for consulting businesses.
Set Up Your Office
Office Space: Secure office space in Dubai. This could be in the mainland or a free zone, depending on your chosen jurisdiction. Virtual Office: Some free zones offer virtual office options, but this may depend on the specific requirements for your consultancy serviceses
Develop Your Operational Infrastructure
Technology Systems: Implement technology solutions for managing client projects, HR databases, and consulting services. This could include HR management software and client relationship management (CRM) systems. Website and Branding
Cost of Company Formation
The price for setting up a company starts from just AED 5,750.
The price would differ based on the business activities, number of shareholders, office space requirements, and other factors.
Receive a cost estimate for your business now!
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