If there’s a country that’s the perfect poster for effective project management, it’s the United Arab Emirates. In just a few short decades, Dubai and Abu Dhabi have seen tens of thousands of construction projects successfully completed.
When you scan Dubai’s skyline, it’s difficult to not be awestruck at the ambitious Burj Khalifa, the Dubai Mall, Palm Island, the magnificent Dubai Expo 2020 infrastructure, to the Cayan Tower and Jumeirah Beach Hotel. Apart from Dubai’s glitzy buildings, world-class road network, airport, and seaports, the city’s tens of thousands of businesses – big and small – need project management advice and services to turn a startup into a thriving international company.
Project management consultants in Dubai identify processes to improve efficiency, quality, budget, and more to keep your startup and business in control. What’s needed for a company’s objectives to be successfully met is a project management consultant with relevant experience, ability and vision to plan and execute the jobs.
Setting up a project management business in Dubai is simple and straightforward when you partner with a local company setup agent. Trade License Zone’s experts can take care of your company formation, licensing, banking, visa applications, registration, and everything else to get you trading in Dubai.
Benefits of Starting a Project Management Services Company in Dubai, UAE
Project management consulting is a great opportunity for entrepreneurs and talented individuals wanting to live and work in Dubai. The economy is thriving: there are 20,000 new businesses started each year and the vast majority of them need expert advice, whether they’re large or small enterprises.
Starting a project management company in Dubai, benefits you’ll enjoy include zero taxation on personal and corporate taxes, a low 5-percent VAT rate, 100-percent ownership of your business, 100-percent repatriation of profits and capital gains, and attractive business incentives.
The UAE is diversifying its income streams, moving away from its reliance on oil and gas. The diversified economy means that you’ll be able to work in a wide range of sectors and offer specialist services to your clients. As a business owner, you’ll have a flexible schedule and be able to pick companies and industries you want to work with and offer the services you want.
Another benefit of business in Dubai is the massive demand and growth potential. You can set your pace as a business owner: start as a freelance consultant, building your reputation and experience with varied work to find your niche for tendering for future work.
How to Start a Project Management Consultancy Company in Dubai
#1: Partner with Trade License Zone
As we’ve mentioned, partnering with a local company setup agency is the first step to opening any type of business in Dubai. Our experts at Trade License Zone will manage all aspects of your company formation process, business licenses, and guide you to trade as project management consultants in Dubai.
#2: Choose a Business Structure
There are many channels and options to consider when starting any type of company in the UAE. The right business structure will allow you to apply for a business license in a specific free zone. These free zones offer special economic zones dedicated to specific industries. Business owners require no share capital up-front, are not audited annually, offer SME incubators and accelerators, and support centres.
#3: Naming and Registering your Business
Trade License Zone will help you choose and register your chosen company name with the UAE’s Registry Office. The business name must adhere to the UAE’s strict naming regulations. Business names cannot include any offensive or blasphemous language, nor any references to Allah or Islam. If you wish to include your name in your company name, you must use it in full rather than just your surname or initials. We’ll also check that your chosen name is available to be registered.
#4: Submit your Business License Application
Once the company name’s approved by the Registry Office, you need to apply for notarization of the company’s Memorandum of Association (MOA) and Articles of Association (AOA) with the Department of Economic Development in Dubai (DED).
Along with your completed business license application form and initial business plan, you’ll also need to submit the following documentation:
- Proof of ID and address for directors and shareholders
- Passport copies for shareholders and directors
- Two colour passport-size photos of shareholders and directors
- Copy of trade name confirmation
- Memorandum of Association (MOA)
- Articles of Association (AOA)
Costs of Getting a Project Management Business License in Dubai
The estimated cost of getting a project management business license in Dubai is about AED 15,000 to AED 25,000. This depends on the business structure you select, the size of the company, and the address and location of your free zone. For an accurate quote, please contact Trade License Zone’s experts.
Starting a project management company in Dubai is a lucrative business venture. The UAE government has designed the company formation process and business license process in the UAE with simplicity in mind in navigating the legal requirements.
That said, it takes some hard work and in-depth knowledge of the region, its markets, its many customs and regulations.
That’s why it’s always advisable to sign up with the services of a UAE business setup company to guide you on your company’s license and setup based on your needs and budget.
When you work with Trade License Zone, we’ll guide and manage the entire incorporation process for you, and guide you through the latest government regulations regarding your project management business. Get in touch today for a personalised quote and competitive advantage.
We’ll give you peace of mind that your license and visa applications are free from errors and omissions – both of which can lead to delays and rejection.
All you need to provide is some basic documentation and some information about your business. Then, sit back and let the experts take care of the rest – managing your license and visa applications, communicating with all relevant government departments and authorities, and reporting back when you’re ready to trade. It is that simple.