If you’re familiar with working in the UAE, you know that consultancy is highly sought after. Consultants play a crucial role in guiding businesses, enhancing growth, stability, and profitability in the country.
However, consultancy is not confined to the UAE; it’s a global phenomenon. The global management consulting market is substantial, exceeding USD 275 billion in 2018 and projected to reach USD 285 billion in 2019. In this region, the industry is equally significant, with the GCC market size at USD 2.8 billion and a 6% year-on-year growth.
Among the GCC countries, the UAE stands out as an optimal location to establish a consulting business. The country hosts a diverse range of businesses, generating a demand for consultancy services. Additionally, the UAE offers compelling advantages: a 0% tax rate, economic stability, and minimal entry barriers.
Starting a consultancy business in UAE is remarkably straightforward. With guidance from a company formation expert, you could have your business up and running within days.
Table of Contents
Key Steps to Start a Consultancy Business in UAE:
Start a Consultancy Business in UAE involves three common routes: setting up in the mainland, establishing in a free zone, or operating as a freelancer. Here’s a breakdown of each approach:
Step 1: Choose Your Business Activity:
Define your consultancy field, such as corporate management, HR, IT, risk management, etc. The DED publishes a list of permitted activities.
Step 2: Choose a Company Name:
Follow UAE’s naming conventions, avoiding offensive language and references to well-known institutions. Your name should have a legal entity like FZE or LLC, relate to your activity, and be available.
Step 3: Apply for a License:
Apply for a trade license with the relevant authority (DED for mainland or free zone authority for free zones). Working with a company formation expert can prevent delays and rejections.
Documents required for a Dubai consulting license
When initiating the process of obtaining a consulting license in Dubai, you will typically need to provide specific documents as part of your application:
- Copy of Passport: A photocopy of your passport.
- Passport Photos: Several passport-sized photos.
- Proof of Qualifications/Experience: Documents demonstrating your relevant qualifications or experience in the consulting field.
- No Objection Certificate (NOC): If applicable, a No Objection Certificate from your current employer.
Step 4: Applying for Your Visa
The final step involves obtaining your visa. This process comprises four stages, including a medical fitness test and biometric recording. The entire procedure usually takes less than a week.
As the holder of a UAE trade license, you can also sponsor others – like your children, spouse, or domestic staff – for their visas, provided you meet the necessary eligibility requirements.
Want to Start a Consultancy Business in UAE! ! Send Us Your Inquiry
Cost of Setting up a Consultancy Business in Dubai, UAE
Determining the exact cost of starting a consulting business in the UAE varies based on individual circumstances. However, here’s a general overview:
The average cost of a consultancy license usually falls between AED 15,000 to AED 25,000. The final expense hinges on factors like whether you establish yourself as a freelancer, create a mainland company, or choose a free zone. It also depends on whether you opt for office space and plan to hire employees.
In many cases, the most cost-efficient approach is to set up in a free zone. Many free zone packages encompass the license cost, visa application fees, and access to business facilities or co-working spaces. This holistic package can provide significant value.
How much does it cost to set up a consultancy business in Dubai?
Starting a consultancy business in Dubai has costs that vary. For a no-visa package, prices begin at AED 8,000. A two-visa package starts at AED 13,500. Payment options are flexible; you can pay the full amount upfront or choose 12 monthly instalments of AED 786.
How can I open consultancy in Dubai?
Here’s how you can start a consultancy in Dubai:
- Pick Your Business Activity: First, decide what type of consultancy you want to run.
- Choose a Business Name: Select a unique name for your consultancy.
- Decide on Location: Choose where you want to set up your consultancy in Dubai.
- Complete the Application: Fill out the necessary paperwork and pay the required fees.
- Get Your License: Once approved, you’ll receive your consultancy license. After that, you can open a business bank account.
- Incorporate Business Processes: Plan how your consultancy will operate and provide services effectively.
- Market Research: Understand your target market and competition.
- Strategy Development: Create a business strategy to guide your consultancy’s growth.
How much is a consultancy license in UAE?
Starting a management consultancy in UAE typically costs AED 12,900. But keep in mind, there are additional expenses to think about like visa fees, rent for a place (if needed), paying employees, and other operating costs.
How can I start legal consultancy in Dubai?
Here’s how to start a legal consultancy in Dubai:
Step 1: Ensure Eligibility
Meet the eligibility criteria set forth by the authorities for obtaining a legal consultant license.
Step 2: Application
Submit an application for a legal consultant license to the relevant regulatory body.
Step 3: Examination
Successfully pass the legal consultant exam, demonstrating proficiency in relevant legal matters.
Step 4: No Objection Certificate (NOC)
Obtain a No Objection Certificate from pertinent authorities, indicating compliance with local regulations and requirements.
Step 5: Trade License
Acquire a trade license, demonstrating legal authorization to operate a consultancy business in Dubai.
Step 6: Registration
Register your legal consultancy with the Dubai Legal Affairs Department, ensuring full compliance with all regulatory obligations and formalities.
How do I start a management consultancy business?
Here’s a streamlined guide on starting a management consultancy business:
- Define Your Specialization
- Conduct Market Research
- Brand Development
- Business Planning
- Service Offerings and Pricing
- Documentation and Templates
- Establish Your Business
- Networking and Marketing
How we can Help You?
When beginning a consultancy business in the UAE, having proper guidance is crucial. This is why it’s recommended to navigate the steps with the support of a registered company formation expert to avoid potential challenges.
With over 10 years of experience in business setup, Company Setup Consultants can assist you in getting your business started in a few weeks. We handle the entire process on your behalf, communicating with the necessary authorities. All you need to do is wait for the approval to commence your business operations.
To Speak with our Experienced Business Consultants for further information and assistance, call us at +971-582-595-164. Send a WhatsApp Message for Chat Query on +971 582595164 or email us at info@companysetup.ae.
