Dubai is often referred to as one of the event capitals of the world. One of the biggest events that serve as the best example is Expo 2020. And this is not just a one-off event. Dubai is hosting such events one after another.
Not counting Dubai as a whole, the firms and companies located within Dubai are also hosting events all the time. As a result, the event management industry in Dubai booming.
The event management sector brings in huge investments in the country. As a result, the government of the UAE and the authorities in Dubai show their support for the industry. It is estimated that the events and exhibitions held in the Dubai World Trade Centre alone bring in USD 3.3 billion to the economy of the country.
Through Expo 2020, Dubai expects to welcome 25 million visitors and generate an estimated figure of USD 23 billion.
To better regulate this particular industry, the authorities introduced the event management license in Dubai. To launch an event management company and perform the required business activities legally, you will need to obtain an event management license in Dubai.
Obtaining the event management license is relatively easier compared to some of the other business trade licenses available here.
What Business Activities can You Perform with the Event Management License in Dubai?
By definition, event management companies are firms that plan and manage corporate events. However, in recent times, event management companies are also managing personal events like weddings and other celebrations. The event management license in Dubai lets you perform all the relevant business activities that will let you manage an event successfully.
At the same time, there are a few activities that are not allowed by an event management license that you need to be aware of so that you do not perform those mistakenly.
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Here are the business activities that you can perform with an event management license in Dubai:
- Sell tickets for events
- Book hotels are event attendees
- Organize events such as product launches, seminars, gala events, award ceremonies, weddings, conferences, etc.
- Showcase products and services
- Integrate suppliers and dealers
Here are some of the activities that you should not perform with just an event management license in Dubai:
- No civil or construction works
- No trading activities
- No export or import
- No training activities
- No venue management
How to obtain an event management license in Dubai?
The process of obtaining the event management license in Dubai is straightforward. However, if this is your first time applying for a business trade license in Dubai then you will be better off with professional help. This is because any mistakes in the steps will cause expensive setbacks that will cost both time and money.
Here are the steps you need to follow in order to obtain the event management license in Dubai:
1. Choose the business activities
Even though the event management license allows a wide range of business activities. You are still required to select the business activities when you are applying for the license.
If you perform any business activities outside of those you selected beforehand, then it will be considered illegal, and you may lose your license. So, take your time and select carefully.
2. Choose an economic zone
You can set up your event management company on the mainland or in one of the free zones in Dubai. However, it is suggested that you go for the mainland since you cannot perform your business activities outside of the free zone if you start in one.
There are more advantages and disadvantages of both the economic jurisdictions. So, consider both carefully before making a decision.
3. Choose a company structure
There are a lot of company structures you can choose from when starting a business on the mainland. The free zones offer four or five structures that you can choose from. The most popular types of company structure are Sole Proprietorship, General Partnership, and Limited Liability Companies.
4. Register your company name
After you have decided on all the important factors, it is time to get started. The first step is to decide and register the name of your company. The name you selected needs to be unique in the UAE.
The name can exist outside the UAE, but it needs to be unique inside the UAE. You can search for the availability of the name you had in mind using various online tools.
5. Apply for the license
The Department of Economic Development in Dubai is responsible for issuing new licenses in the city. They will provide an application that you will need to fill up carefully.
They will also require a few documents like the filled-up application form, copies of the passports of all the shareholders in the company, passport-sized photographs of all the shareholders, and a trade name registration certificate.
6. Apply for visa
After obtaining the event management license in Dubai, you can sponsor a few visas of your employees and your close family members including your spouse, children, parents, and one domestic worker.
7. Open a corporate bank account
The last step is to open a corporate bank account for your company. Before selecting a financial institution, ensure that you take your time to research the firm. Also, ensure that you go through the contracts before you sign anything.
Why should you start an event management company in Dubai?
As we have mentioned before, there are a lot of scopes for an event management company in Dubai. There are even more benefits of starting an event management business in Dubai that make it preferable to entrepreneurs and investors.
Here are the benefits of opting for an event management business in Dubai:
- Affordable Business Setup
- Outstanding Infrastructure
- Visa Sponsor
- Worldwide Talent
How can Company Setup Consultants help you?
Our experts have helped numerous businesses obtain the business trade license of their choice. If this is your first time starting a business in Dubai or you feel a bit lost, then you are in the right place.
We will obtain the event management license in Dubai for you so that you can focus on making more important decisions for your business. Contact us today and hit the ground running.
For further information and assistance on How to Get an Event Management License in Dubai? To Speak with our Experienced Business Consultants for further information and assistance, call us at +971582595164. Send a WhatsApp Message for Chat Query on +971 582595164 or email us at firstname.lastname@example.org.