How to start a Management consultancy business in Dubai
To operate a management consultancy business in Dubai, you will need to obtain a license from the Department of Economic Development (DED). Here are the steps you can follow to obtain a management consultancy license in Dubai:
- Choose a legal structure for your business: You can choose from different legal structures, such as a sole proprietorship, partnership, limited liability company (LLC), or branch of a foreign company.
- Choose a trade name: You need to choose a unique trade name for your business that is not already taken.
- Obtain initial approval: You need to obtain initial approval from the DED to proceed with the registration process.
- Memorandum of Association (MOA): If you are registering an LLC, you need to draft a Memorandum of Association (MOA) that outlines the business activities and ownership structure.
- Office lease agreement: You need to have a physical office address in Dubai to obtain a business license. You can either lease or buy an office space, or use a co-working space.
- Register with the DED: You need to submit all the required documents, such as MOA, office lease agreement, passport copies of shareholders and managers, and initial approval certificate, to the DED to register your business.
- Obtain your license: Once your application is approved, you will receive your management consultancy license.
Note that the specific requirements and procedures may vary depending on the legal structure and type of business activity. It is recommended to consult with a legal or business consultant in Dubai to guide you through the process.
AZIZ
DIRECTOR OF COMPLIANCE AT TABARAK INVESTMENT BANK
Tabarak had the pleasure and professionalism to receive services provided by Nasiha. Very professional, great experience and highly recommended.