Why Dubai is ideal for launching a consultancy business
Dubai is the ideal place to launch a consultancy business due to its strategic location, pro-business regulatory framework and diversified economy. Positioned between East and West, Dubai is an excellent base for those looking to tap into markets across the Middle East, Africa, Europe and Asia. What’s more, according to the World Bank, the UAE’s GDP is projected to grow by 4.6 per cent in 2025 and will remain stable in the medium term, which means now is the perfect time for you to launch your business. Add to this pro-business regulations that range from dedicated funding to generous tax incentives, a pool of highly-skilled talent and thousands of networking events every year, and it isn’t hard to see why Dubai is a top destination for management consultants. If you’re considering setting up in Dubai and would like to learn exactly how to obtain a management consultancy license, we break down the key components and explore:
- Management consultancy license in Dubai: Step-by-step
- Types of activities allowed under a consultancy license
- Costs and documents needed to get started
- What to consider when choosing between mainland and free zone
- Tips to build a successful consultancy business in the UAE
- Frequently asked questions
- About Set Hub
Management consultancy license in Dubai: step-by-step
To obtain a management consultancy license in Dubai you will need to: choose your jurisdiction, select the correct business activity, register your business name, collate the correct documents and submit your application. While the process is relatively straightforward, we always recommend working with a reputable business setup consultancy like Set Hub to avoid any delays.
Step 1: Choose your jurisdiction
We will explore the main differences between mainland and free zone setup in more detail below, but you will need to give some serious thought to your business structure at the start of this process. Base your decision on your target market, budget and requirements.
Step 2: Select the correct business activity
Too many applications are rejected at this stage due to trivial mistakes. Make sure you select the correct activity (likely management consultancy) to ensure you apply for the correct license.
Step 3: Register your business name
The application process requires proof of registration, so you will need to apply for this early on in the process. Ensure your trade name is unique and complies with UAE naming rules. Refrain from any references to religion, politics or existing businesses.
Step 4: Collate the relevant documents
You will need to ensure you have the correct documents in order before beginning the application process. This includes, but is not limited to: passport copies and photos, visas and Emirates ID, business plans and proof of qualifications.
Step 5: Submit your application
Once your business name is approved, you have collated all relevant details and you have completed your application form accurately, you can submit your application and pay the fees.
Types of activities allowed under a consultancy license
Types of activities allowed under a consultancy license include management consultancy, marketing consultancy, information technology consultancy, HR & recruitment consultancy, financial consultancy, project management consultancy and market research. This list is not comprehensive and for full details on all activities, we recommend working with a registered professional like Set Hub.
Costs and documents needed to get started
The average costs of setting up a management consultancy license in Dubai range from AED 15,350- 30,000, and you will usually need to provide a range of documents, including passport copies, visas and business plans. Let’s break down those costs and requirements into a little more detail.
Costs vary significantly depending on multiple factors, such as whether you choose a mainland or freezone setup, office spaces, the number of visas and more. On average, you can expect to pay between AED 5,500- 15,000 for a business license, AED 5,000 – 25,000 for an office space, AED 3,000 – 8,000 for visa processing and additional costs, such as medical insurance, local service agents if required and other documents.
Documents required include passport copies of owners, visa copies and Emirates ID, passport-sized photographs, business plans, initial approvals and application forms. You may also require proof of address if sponsoring a visa, a No Objection Certificate (NOC) and a Memorandum of Association (MOA).
For an accurate breakdown of costs and requirements tailored to your specific scenario, feel free to reach out to our helpful team of advisors at Set Hub.
What to consider when choosing between mainland and free zone
If you are choosing between mainland and free zone setups, you will need to consider ownership structure, office requirements, costs, visa eligibility and the scope of your business. Let’s dig a little deeper into these considerations:
Ownership structure
Historically, if you wanted 100% foreign ownership, you would have needed to set up in a free zone. However, following recent legislative amendments, 100% foreign ownership is now offered in most sectors, under certain conditions, eliminating the need for a local sponsor. However, it’s worth speaking to a reputable business setup consultancy to check.
Office requirements
Consider whether you need a physical office space. Mainland business setups require a physical office space, while many free zones offer virtual or flexi-desk options. This can make it more affordable for entrepreneurs just starting.
Costs and fees
Generally speaking, free zones offer lower setup costs, particularly when there are flexi-desk options. Mainland setup tends to be more expensive and holds higher operational costs, such as an office lease, municipality fees, and other costs.
Visa eligibility
Mainland setups usually offer more flexibility when it comes to visa quotas, depending on the business activity and size of your business. Free zones generally offer a limited number of visas based on the size of the business.
Scope of your business
Will you be looking to secure government contracts or operate anywhere in the UAE? A mainland setup will be necessary. If you’re looking to operate or trade within a specific free zone or internationally, a free zone set up might be more appropriate for you.
Tips to build a successful consultancy business in the UAE
To build a successful consultancy business in Dubai, you need to refine your niche, build a strong network and leverage the latest technology to stay efficient.
Define and refine your niche
The UAE abounds with opportunity, but that also means it’s a competitive environment to operate within. For the best chances of standing out, we recommend offering a clearly defined service. For example, rather than focusing on general ‘management’, offer consultancy in financial restructuring or digital marketing – whatever your specialism lies in. It also helps to understand local business culture to better tailor your niche solution.
Build a strong network
In Dubai, relationships really matter. Make an effort to attend expos and industry-relevant networking events to meet potential clients and investors. It’s worth joining local business groups too.
Leverage technology
In a fast-paced business environment, efficiency is key. Today, tools for CRM, project management and accounts are relatively inexpensive and well worth any upfront investment.
Frequently asked questions
How much is a consultancy license in the UAE?
A consultancy license in the UAE typically costs between AED 12,000 -25,000, depending on the location, office space needs, visa requirements and legal fees. For the most affordable setup option, we recommend working with a reputable business setup consultancy like Set Hub.
How do you qualify as a management consultant?
To qualify as a management consultant, you will need a relevant bachelor’s degree, as many authorities require proof of qualifications and experience. Experience in specific fields, such as project management, will prove useful too.
What certification is best for management consulting?
There are dozens of different certifications for management consulting but some of the best include CMC, PMP, MBA, among others.
What are the requirements to get a management consultancy license?
Requirements for a management consultancy license include the correct documents (including passport copies, visas, Emirates ID explore above), relevant qualifications and experience and a solid business plan.
About Set Hub
Set Hub is a leading business consultancy in the UAE. If you’re looking for support with business setup in Dubai, we’re here to help. With 80 team members who speak over 23 languages, we can provide a truly global perspective, with local expertise and on-the-ground insights. We have helped more than 25,000 clients build thriving businesses in one of the most dynamic regions in the world.
We pride ourselves on our customer service – and our clients agree. We have a 96% customer satisfaction rate, which reflects our commitment to excellence. If you’re exploring how to get a management consultancy license in Dubai, we can help. Get in touch with our friendly team of advisors today to find out more about our services.