Dubai has a lot of lucrative opportunities for professionals from all over the world. Additionally, a lot of entrepreneurs move to the UAE to start their businesses. That is why the demand for various types of consultancies in Dubai is always there.
Consequently, a financial consultancy company in Dubai free zone will never lack clients. So let us take a look into how we can start a financial consultancy company in Dubai free zone.
A financial consultancy company in Dubai free zone will do exceptionally well for a couple of reasons. First and foremost, there is a high demand for financial consultancy services because of the numerous startups and companies that are always looking to raise more funds for expanding their businesses in the UAE.
Secondly, starting any kind of business in the free zones of Dubai has various inherent benefits.
Procedure to Start a Financial Consultancy Company in Dubai Free Zone
Starting a financial consultancy company in Dubai free zone is relatively easy process, however, if this is your first time in the UAE then it is likely that you will feel a bit lost. This is because Dubai has a culture and language that most foreigners are not accustomed to.
This is where the Company Setup experts come in, as they have the necessary expertise and experience required to start a financial consultancy company in Dubai free zone easily.
Here are the steps you need to follow in order to start a financial consultancy company in Dubai free zone:
1. Select the Free Zone of your Choice
The first step in the process of starting a financial consultancy company in the Dubai free zone is to select a free zone. This is because there are a lot of free zones scattered all around Dubai. In addition to the huge number of options, each of these free zones caters to different types of businesses. As a result, you need to select the free zone that best suits your needs.
2. Register a Trading Name
You need to register a trading name for your business. However, when selecting a trading name for your business, you need to keep a few guidelines in mind. These guidelines include some mandates set by the authorities. For example, the name cannot contain any racial or religious slurs. In addition to this, the name must be unique within the UAE.
3. Obtain an Office Space
You need to obtain office space for your financial consultancy company in Dubai free zone. You can either rent or lease office space to fulfill this requirement. This is because the tenancy contract and EJARI are mandatory if you want to business setup in uae.
4. Complete the Application Form
After you have completed the previous steps, you will need to complete an application form that you can collect from the respective free zone authority. To clarify, the application will be provided by the free zone that you chose for your financial consultancy company in Dubai.
Start your new Company in IFZA Free-zone @ AED 11,900 Only! Send Us Your Inquiry
5. Submit the Required Documents
You will need to submit a few documents to the free zone officials. The documents that you need to provide will depend on the business activities that you selected and want to perform through your financial consultancy company in Dubai.
6. Complete the Visa Application Process
After your business is registered in the UAE, you can go ahead and complete your visa application process. In addition to this, you can also sponsor the visas of some of your employees depending on the size of your office space. Other than this, you can also sponsor the visas of some of your close relatives.
7. Open a Corporate Bank Account
The last step is to open a corporate bank account for your financial consultancy company in Dubai free zone. However, ensure that you research the institution carefully before signing any contracts.
Documents Required to Start a Financial Consultancy Company in Dubai Free Zone
Some documents are required by the Department of Economic Development in Dubai when starting a financial consultancy company in Dubai free zone. However, you do not need to worry about this because these documents are very easy to procure.
Additionally, these documents will identify you as the owner of the company and you can easily seek legal assistance in case of any disputes in the future.
Here are the documents required for starting a financial consultancy company in Dubai free zone:
- Copies of the passports of all the shareholders.
- Copies of the visa pages of all the shareholders.
- Two passport-sized colored photographs of all the shareholders.
- The Memorandum of Association (MOA).
- The tenancy contract and EJARI
- A solid business plan.
Benefits of Starting a Financial Consultancy in Dubai Free Zone
Besides the benefits of a financial consultancy company in the Dubai free zone, there are some benefits of starting any business in Dubai. This is because the authorities have a long-term plan of changing the economic focus of the country from the oil and gas industry.
As a result, they are providing various benefits to foreigners who want to start a business in the country.
Here are the benefits of starting a financial consultancy company in Dubai free zone:
- Strong Market
- Tax Benefits
- Modern Infrastructure
- Full Profit Repatriation
- Full Foreign Ownership of Business
- No currency Restrictions
- Convenient Registration
- Time- Efficient Process
- Range of Business Activities
- Global Connectivity
- Strategic Location
Business Activities under Financial Consultancy License in Dubai
The investor can provide a series of business activities under the financial consultancy license in Dubai to the clients. Following are a few of the specific business activities that can be offered:
- Economic and financial analysis and feasibility studies
- Forecasting and predicting current & future values of commodity prices
- Financial Planning, advisory, and investment consulting services
- Financial Statement and Contract assessment and evaluation
- Company performance analysis and reporting
- Price, volume analysis & decision making on financial investments, and more
How can Company Setup Consultants help you?
If you want to start a financial consultancy company in Dubai but you do not know where to get started, then you are in the right place. This is because Company Setup Consultants have started numerous businesses in various free zones all over the UAE. Contact us today and hit the ground running.
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 email@example.com.