The process for registering a consulting business in Dubai involved several steps. However, keep in mind that regulations and procedures may change, so it is essential to verify the latest information from official government sources. Here is a general outline of the process:
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Determine Business Activity:
Decide on the specific type of consulting services your business will offer. Consulting businesses can fall under various categories, such as management consulting, IT consulting, financial consulting, etc.
Choose a Legal Structure:
Select the appropriate legal structure for your consulting business. Common options include Limited Liability Company (LLC), Sole Proprietorship, or Branch of a Foreign Company. The most suitable choice depends on factors like the number of owners, liability, and business objectives.
Trade Name Reservation:
Choose a unique trade name for your business and get it approved by the Department of Economic Development (DED). The name should not violate any existing trademarks or offend religious or cultural sentiments.
Obtain Initial Approval:
Submit the necessary documents to the DED to get initial approval for your business activity and legal structure.
Memorandum of Association (MOA):
If you are setting up an LLC, you’ll need to draft a Memorandum of Association outlining the company’s shareholding structure and other relevant details. This step is usually done with the help of a local sponsor or service agent.
Location and Tenancy Contract:
Arrange a physical office space for your business. You’ll need a tenancy contract for the office, which must comply with the requirements set by the authorities.
License Application:
Submit the complete application for your business license, along with all required documents, to the DED or the relevant free zone authority (if you plan to operate in a free zone).
Approvals and Permits:
Depending on your consulting services, you might need approvals or permits from specific government departments or regulatory bodies. For example, some consulting businesses might require approvals from the Ministry of Economy or the Dubai Health Authority.
Register with the Chamber of Commerce:
Register your business with the Dubai Chamber of Commerce and Industry.
Visa Processing:
After obtaining the business license, you can apply for visas for yourself and your employees, if applicable.
Bank Account:
Open a business bank account in Dubai.
It’s important to note that the process can vary based on your business activity, legal structure, and location (mainland or free zone). It is advisable to seek professional advice from a business consultant or a law firm in Dubai to guide you through the specific requirements for your consulting business. Additionally, always verify the latest regulations and requirements with the relevant authorities before proceeding with the registration process.