Consultancy License in Dubai
A Management Consultancy License is a permit provided by the UAE's regulatory agencies that allows people and businesses to perform management consulting services. To work as a management consultant in the UAE, you need to have a business trade license.
Management Consultancy License in Dubai offers a range of benefits, including legal protection, enhanced credibility, expanded business opportunities, and access to a skilled workforce. The activities under this license vary and encompass a wide range of management consulting services.
Activities under Management Consultancy License in Dubai
- Business and Organizational Strategy
- Financial and Accounting Management
- Marketing and Branding Strategies
- Human Resource Management
- Information Technology and Systems Management
Working with a professional consultant or a lawyer ensures that the process is seamless and efficient. Getting a management consultancy license in Dubai is essential for people or businesses who want to offer consulting services. It demonstrates a commitment to upholding high ethical and professional standards and provides credibility in the industry.
The licensing process typically involves meeting specific education, experience, and examination requirements and complying with relevant laws and regulations. Management consultancy license will provide benefits like career advancement, company growth, and client pleasure.
Benefits of obtaining a Management Consultancy License in Dubai
- Establishes Credibility
- Expansion of Business Opportunities
- Enables us to apply for government contracts
- Provides tax advantages
- Flexibility and Control
- Legally allows you to provide consultancy services
- Access to Government Contracts
Steps to get a Management Consultancy License in Dubai
To start a management consultancy in Dubai, you must apply for a management consultancy license. You can offer consulting services and help your customers improve their operations and restructure their businesses.
Getting a Management Consultancy License in Dubai involves several steps:
Select the specific consultancy services you plan to offer, such as management, human resources, IT, or financial consultancy.
The next step is to select a business legal structure. Investor should decide whether it should be a Limited Liability Company (LLC), a Sole Proprietorship, or a Partnership. Ownership, administration, and liability factors determine the legal structure.
The Department of Economic Development (DED) in Dubai must receive a copy of the business registration. It involves submitting the necessary documents, such as the license application, memorandum of association, and lease agreement.
After company registration in Dubai, one must obtain initial approval from the authority (DED). The process involves submitting the license application and necessary documents and paying the applicable fees.
The next step is to obtain approval for the business's trade name from the DED.
Once you obtain all approvals, you must finalize the license application and pay the necessary fees.
The authorities will issue the Management Consultancy License, and the business can begin operations.
Documents Required To Get A Consultancy License In UAE
- Completed application form
- Passport copy of all Directors and Shareholders
- Passport-sized photographs
- Residence visa (if applicable)
- Emirates ID (if applicable)
- Specific Approvals from relevant authorities
What our clients say
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Starting a business in the UAE seemed complicated, but Gryffin Capitalist made it seamless. The team is very knowledgeable, professional, and responsive.
I had a great experience registering my company in the UAE with Gryffin Capitalist. The Gryffin Capitalist team assisted in selecting the right Emirate to complete all legal steps.
Why Choose Gryffin Capitalist?
We can obtain your management consultancy license in the UAE. We have extensive experience and knowledge of the UAE business setup process. The team of highly qualified consultants can seamlessly guide you through the process.
We provide a wide range of services to help you set up and run your business in the UAE. It includes licensing, visa services, accounting and bookkeeping, and company formation. We also assist in opening bank accounts in the UAE.
We can help simplify the process of obtaining a management consultancy license in the UAE. We will provide the support and guidance you need to set up a successful business in the region.
Consult with trusted service providers. Make sure you follow all rules and regulations. Gryffin Capitalist is a service provider offering business setup and licensing services in the UAE.
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Important articles entrepreneurs should read and have clarity before deciding the company structure, business activity and business setup locations.
Frequently Asked Questions (FAQs)
To obtain a management consultancy license in the UAE, one must meet the following criteria:
• You should have a relevant educational background and professional experience in management consultancy.
• You must obtain the necessary approvals from regulatory authorities and comply with all legal requirements.
• You must rent a physical office space in the UAE to obtain the license.
The time it takes to obtain a management consultancy license in Dubai depends on
• Emirate where you want to get the license
• The completeness of your application
• The workload of the regulatory authorities.
It typically takes two to three weeks to complete the licensing process, but it can sometimes take longer.
The costs of obtaining a management consultancy license in the UAE depend on several factors:
• License type,
• The emirate where you want to receive the license
• The company size
The costs include license fees, visa fees, office rent, and other related expenses.
Yes, having a local sponsor or partner to obtain a management consultancy license in the UAE would be best. The local sponsor will hold 51% of the company's shares, while you will have 49%. The legal structures you can choose to reduce the local partner's role in the business.
You can provide management consultancy services outside the UAE with a UAE management consultancy license. However, you must comply with the regulations and licensing requirements of the country where you intend to provide services. Additionally, you may need to obtain additional licenses or permits to provide services in some countries.