Business SetupTrade LicenseHow To Set Up An Event Management Company In Dubai

June 22, 2022by Afrah0
Are you thinking of opening an event management company in Dubai? It is essential to know all the modalities before embarking on this new business venture. The United Arab Emirates has become a real paradise for those looking for an attractive job, but especially for entrepreneurs who want to avoid paying exorbitant taxes.  Events and exhibitions are a major investment in the country, contributing up to US$3.3 billion to the economy. Setting up an event management business in Dubai can be very simple if the requirements are met. The administrative processes for setting up a business are usually quick and uncomplicated. So, here’s what you need to know about event management business setup in Dubai.     

How to Start an Event Management Company in Dubai? 

  Talking about areas of opportunity and career paths in event management is a broad topic, as you can find many different approaches and career plans in the industry. Event entrepreneurship is the most desirable option, as it can be much more profitable and offer a wider variety of approaches.   In Dubai, there is a need to organize celebrations, ceremonies, product launches, conferences, and more. The first thing you need for your event management company set up in Dubai is a business license. This license will allow you to develop your business in different fields although some activities are restricted.     

Activities that are not allowed for an event management company set up in Dubai 

 
  • Carrying out civil construction works (stages, scaffolding, or any additional construction work)
  • Import or export of goods
  • Training activities
  • Venue management
  • Organizing events without the relevant approvals 
   

Permissible activities for an event management company in Dubai 

 
  • Organizing gala events, conventions, product launches, award ceremonies, etc. 
  • Booking accommodation for attendees 
  • Selling tickets for events 
   

How To Obtain Your Event Management License in Dubai? 

 
  1. Specify your project well beforehand 
It is important to study the strengths, weaknesses, and opportunities of the activity you want to conduct in Dubai. From this, the logistical and human resource requirements can be deduced. All of this helps to decide on the appropriate status of the company to be created: offshore company, free zone company, or mainland company.      2. Setting up a company in Dubai  Drafting the company’s articles of association  Based on the business plan, you must draft the “memorandum & articles of association” which mentions, depending on the case 
  • the company’s purpose
  • name
  • registered office
  • amount of share capital
  • identity of the capital contributors
  • conditions of capital contributions
  • start and end dates of the business year. 
    3. Registration of the company  To register an event management business in Dubai, you must submit a copy of an identity document. Note that certain additional supporting documents may be requested by the authorities depending on the specificities of the project. It generally takes 2 working days to obtain the registration documents (MAO, certificate of incorporation, and licence) for an offshore company and 7 working days to obtain those for a Mainland or free zone company.      4. Opening a bank account for a company in Dubai  This is mainly for LLCs and free zone companies. Once the company is registered and the stamp is obtained, the next step is to set up a business bank account. After having studied the offers of different banks in the country, you can choose the establishment whose services or brands are compatible with the development of the event management business in Dubai. An appointment should then be made with the banker to discuss the terms of the partnership in more detail. The documents often required are: 
  • company’s registration documents 
  • company stamps 
  • valid proof of address 
  • original passport with UAE immigration stamp 
  • copy of the business plan
  • personal bank statement and proof of activity (depending on the bank)
    5. Take some additional steps  If you have plans to reside in the UAE for a long period, you can obtain a residence visa for yourself, your family, and your employees. The application must be filed with the Dubai Immigration Services. It generally includes a copy of the valid passport, a medical certificate, and proof of activity.  Initially, the Emirates ID is issued, which enables the local driving licence (UAE driving licence) to be obtained from the Emirate Police. When the visa is finally issued, it will then be possible to open a personal bank account within 3 days with the chosen bank. Thereafter, you can concentrate on finding office space for his business and accommodation. Obtaining a tax residence certificate is also foreseen.     

Benefits Of Opening an Event Management Business in Dubai 

  Dubai is not only about good weather and luxury hotels. The economic system of the United Arab Emirates is currently one of the most attractive in the world. Just like when you want to open a company in Switzerland, there are real advantages to setting up a business in the UAE. The territory benefits from minimal financial risk and the greatest advantages are offered to businesses by the absence of: 
  • Income tax 
  • Capital gains tax  
  • VAT
  • Withholding tax. 
  In addition, there is a multitude of advantages for a foreign national to open a business in the Dubai Free Zone: 
  • 100% shareholding in the company 
  • No tax on imported and re-exported goods 
  • No corporate tax for 50 years 
  • Possibility of extension 
  • No income tax on employees 
  • No limits on hiring foreigners 
  Dubai is attracting more and more entrepreneurs not only because of its beautiful scenery and advantages but also because of its numerous business opportunities. The Arabian centre for international trade, business, and banking allows you to obtain global coverage. The local economy is constantly developing, so there is an incredible opportunity for event management business in Dubai.   

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Are you thinking of opening an event management company in Dubai? It is essential to know all the modalities before embarking on this new business venture. The United Arab Emirates has become a real paradise for those looking for an attractive job, but especially for entrepreneurs who want to avoid paying exorbitant taxes.  Events and exhibitions are a major investment in the country, contributing up to US$3.3 billion to the economy. Setting up an event management business in Dubai can be very simple if the requirements are met. The administrative processes for setting up a business are usually quick and uncomplicated. So, here’s what you need to know about event management business setup in Dubai.     

How to Start an Event Management Company in Dubai? 

  Talking about areas of opportunity and career paths in event management is a broad topic, as you can find many different approaches and career plans in the industry. Event entrepreneurship is the most desirable option, as it can be much more profitable and offer a wider variety of approaches.   In Dubai, there is a need to organize celebrations, ceremonies, product launches, conferences, and more. The first thing you need for your event management company set up in Dubai is a business license. This license will allow you to develop your business in different fields although some activities are restricted.     

Activities that are not allowed for an event management company set up in Dubai 

 
  • Carrying out civil construction works (stages, scaffolding, or any additional construction work)
  • Import or export of goods
  • Training activities
  • Venue management
  • Organizing events without the relevant approvals 
   

Permissible activities for an event management company in Dubai 

 
  • Organizing gala events, conventions, product launches, award ceremonies, etc. 
  • Booking accommodation for attendees 
  • Selling tickets for events 
   

How To Obtain Your Event Management License in Dubai? 

 
  1. Specify your project well beforehand 
It is important to study the strengths, weaknesses, and opportunities of the activity you want to conduct in Dubai. From this, the logistical and human resource requirements can be deduced. All of this helps to decide on the appropriate status of the company to be created: offshore company, free zone company, or mainland company.      2. Setting up a company in Dubai  Drafting the company’s articles of association  Based on the business plan, you must draft the “memorandum & articles of association” which mentions, depending on the case 
  • the company’s purpose
  • name
  • registered office
  • amount of share capital
  • identity of the capital contributors
  • conditions of capital contributions
  • start and end dates of the business year. 
    3. Registration of the company  To register an event management business in Dubai, you must submit a copy of an identity document. Note that certain additional supporting documents may be requested by the authorities depending on the specificities of the project. It generally takes 2 working days to obtain the registration documents (MAO, certificate of incorporation, and licence) for an offshore company and 7 working days to obtain those for a Mainland or free zone company.      4. Opening a bank account for a company in Dubai  This is mainly for LLCs and free zone companies. Once the company is registered and the stamp is obtained, the next step is to set up a business bank account. After having studied the offers of different banks in the country, you can choose the establishment whose services or brands are compatible with the development of the event management business in Dubai. An appointment should then be made with the banker to discuss the terms of the partnership in more detail. The documents often required are: 
  • company’s registration documents 
  • company stamps 
  • valid proof of address 
  • original passport with UAE immigration stamp 
  • copy of the business plan
  • personal bank statement and proof of activity (depending on the bank)
    5. Take some additional steps  If you have plans to reside in the UAE for a long period, you can obtain a residence visa for yourself, your family, and your employees. The application must be filed with the Dubai Immigration Services. It generally includes a copy of the valid passport, a medical certificate, and proof of activity.  Initially, the Emirates ID is issued, which enables the local driving licence (UAE driving licence) to be obtained from the Emirate Police. When the visa is finally issued, it will then be possible to open a personal bank account within 3 days with the chosen bank. Thereafter, you can concentrate on finding office space for his business and accommodation. Obtaining a tax residence certificate is also foreseen.     

Benefits Of Opening an Event Management Business in Dubai 

  Dubai is not only about good weather and luxury hotels. The economic system of the United Arab Emirates is currently one of the most attractive in the world. Just like when you want to open a company in Switzerland, there are real advantages to setting up a business in the UAE. The territory benefits from minimal financial risk and the greatest advantages are offered to businesses by the absence of: 
  • Income tax 
  • Capital gains tax  
  • VAT
  • Withholding tax. 
  In addition, there is a multitude of advantages for a foreign national to open a business in the Dubai Free Zone: 
  • 100% shareholding in the company 
  • No tax on imported and re-exported goods 
  • No corporate tax for 50 years 
  • Possibility of extension 
  • No income tax on employees 
  • No limits on hiring foreigners 
  Dubai is attracting more and more entrepreneurs not only because of its beautiful scenery and advantages but also because of its numerous business opportunities. The Arabian centre for international trade, business, and banking allows you to obtain global coverage. The local economy is constantly developing, so there is an incredible opportunity for event management business in Dubai.   
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