Before diving in deep to see how the process of consulting works for businesses, let’s take a look at what consulting business in Dubai really is and why is it needed.
What Is a Consulting Business?
Consulting business is basically providing consulting services to individuals and enterprises in diverse areas.
This can be a solution to legal, financial, technical, commercial, and many other issues. As a rule, all consultants, be it consulting firms in Dubai or freelancers, who bring their foot in the consulting market, are highly specialized in the respective area of fields.
However, Business consultancy in Dubai is a vast field, therefore each consultant is exclusively specialized in a particular field domain.
What Does a Consulting Firm Do?
A consulting firm in Dubai allows companies to have constructive feedback as well as efficient strategies in order for the company to enhance the overall effectiveness and efficiency in a specific field of business.
The specific area could be, marketing, advertising, technology, etc. The executives of the company are mostly the ones who appoint a consultant in Dubai in order to have a professional’s advice exclusively for their organization’s needs and industry.
Consulting Business License in Dubai
The diverse economy of the UAE is a lucrative landscape for consulting firms from around the world. But the first and foremost requirement is to obtain a professional license in Dubai, which is also covered in this article. There are tons of businesses and depending upon your expertise and accomplishments, you can apply for a consultancy license by submitting relevant documents, and paying the required fee.
Of course, these are complicated steps and require the help of experts who possess relevant expertise to not only help you establish your consulting firm but also help you determine whether you are providing your services in the right area or not. These are all minute detail that are, nonetheless, highly important, which is why Avyanco is readily available to help you complete this process as seamlessly as possible. Our experts have already helped many consulting firms establish their existence in Dubai and yours could be next; so reach out to us and let’s discuss the possibility of you getting your consulting business license in Dubai.
Requirements for Opening a Consulting Business in Dubai
Step 1. Choosing Your Activities and Area of Domain
Before creating an application for a licensed trade, you need to decide on the specific activities your consulting business will address. choosing the area of the industry you are planning to consult in, should be your first and foremost concern.
Step 2. Creating A Company Name
The next thing on top priority is deciding, picking, or creating a company name for your new venture.
It is best to decide on a company name as soon as possible because it will need to be registered before you can start trade. There are a few rules that you need to consider before coming up with a company name,
- No abbreviations allowed, only full names can be used
- Names cannot have any potential offensive words
- It must be available for you to register
Step 3. Applying for The License
Now is the time for applying for a license. You can make the application by yourself as well as you could also opt for a company or an agent to help you out with a process in the free zone or mainland. Going for the latter is advisable.
Your account manager will ensure that the application created and submitted is accurate and free of mistake when setting up your business. That manager will prevent mishaps and complications to occur during the process.
You will be required to provide your passport as well as a business plan while applying for a license.
Benefits of Starting a Business Consultancy in Dubai
A business consultancy lays ahead a plethora of opportunities, benefits for startups as well as emerging businesses.
With an enormous number of companies established in the UAE, starting up your own consultancy firm will prove to be much profitable. Here are a few of the many benefits a consultancy firm brings you in UAE,
Gazillions of Growth Opportunities
With a vast number of growing organizations in Dubai, there is a skyrocketing need for containing companies in the area and considering that, it brings an enormous amount of growth opportunities for you as a consulting company in Dubai.
Companies are now expected to go ahead by outsourcing their strategies and planning therefore, they demand professional consultants who can provide insightful pieces of advice on the subject matter.
Although or a very long time the emirate state was known for its petroleum industry. However, things have drastically changed in the past few years and the country has sought its way towards diversifying the economy.
Entrepreneurs as well as well-established companies hoping to explore other fields in the premises of Dubai require business setup solutions to have a seamless business journey. And thanks to the growing diversity in business setup, consulting companies can have diversity in terms of business opportunities in multiple departments.
Being a consultant can fulfill your dreams of having a highly flexible job. Not having a certain schedule or working hours is the best perk of becoming a consultant in Dubai.
Even if you’re not a freelancer and have a job at a consulting company, they allow you to work according to the requirements. Being a consultant is a highly convenient job to manage time effectively.
All in all, you have all the power to decide how much work can you do in a day. There is a brilliant work-life balance and consequently, productivity, as a consultant, is much higher due to the flexibility.
Types of Consulting Services in Dubai
- Strategy Building and Management
- Information Technology
- Human Resource
- Technical & Feasibility
- Tax Consultancy
- Project Management
- Interior and building
- Petrochemical consultancy
Cost of starting a consulting business in Dubai
The average cost of having a consultancy license in the UAE ranges from AED 15,000 to AED 25,000. However, the precise amount will depend on whether your startup is a freelancer or a company.
Whether you chose to set up in a free zone or on the mainland and the cost will vary accordingly.
How Avyanco Can Help You Start a Consulting Firm in Dubai
Avyanco will help you smoothly set up a consulting business. Providing you with the services based on your budget, specifications, requirements, and timeline.
We are absolutely the best in Dubai and are very well experienced, gained over a period of time helping tons of companies set up their consulting business in UAE.
Be it in the mainland or in a free zone, Avyanco is highly capable of taking care of all your licenses and setups complexities swiftly and easily.
Trust us and have a smooth journey setting up a consulting firm in Dubai!