How to Open an Event Management Company in Dubai, UAE

If your goal is to become the best event management company in Dubai. Whether your company specializes in international trade shows, business or sporting events, corporate functions, training sessions or conferences, starting an event management company in Dubai is a profitable business idea.

In this article we will find out how to start an event management company in Dubai, what factors to take into consideration and what are your best allies to get your business on the right track.

Benefits of Starting an Event Management Company in Dubai, UAE

An event management company in Dubai offers many attractive advantages.

• Thanks to the simplification of UAE business laws and regulations, opening an event management company in Dubai is very easy.
• That is why, Dubai is a paradise for investors and entrepreneurs. One of the main reasons is that entrepreneurs do not have to pay personal income tax or corporate tax in the UAE.
• Also, with thousands of events taking place in Dubai every year, there are many attractions for tourists and travelers to visit the emirate. The opportunities for event management companies are numerous.

Procedure to Start an Events Management Company in Dubai, UAE

The first step in setting up a best event management company in Dubai is to familiarize yourself with the local business landscape. As well, the UAE welcomes visitors and has few entry requirements, but there are some areas where it varies from most of the globe.

Here are some of the steps to take to start your event planning business:

Partner with Connect Business Centers

People mostly have an event to plan; however, they do not have time to plan properly. The goal of the event planning company in Dubai is to get people to think about the important details before it is too late to make them happen with ease.

People who may be interested in your events. It may also include the clients interested in hiring your best event management company in Dubai. Therefore, it is very important that you find out who your target audience is, what their desires are and the prospects of your event.

Connect Business Centers takes care to offer you many alternatives if you are looking to establish your company in the area of event management company in Dubai.

Determine Your Business Activities

You will need to advance your business plan based on your market research, competition analysis of your event management company in Dubai. Before developing your best event management company in Dubai plan, you should keep a few points in mind:

• Be realistic and avoid confidence or optimism in approximating capital needs, sales and profits.
• Adopt development strategies that will come close in case of difficult conditions in your business.

If you are setting up an event planning company in Dubai, you can follow the following steps to develop your business plan.

• Outline the goals and objectives of your company.
• Determine your staffing needs and what their skills should be.
• Determine how you will find customers.
• Estimate your capital needs for the entire year.
• Prepare a plan of possibilities.

Choose the Right Business Structure and Jurisdiction

Dubai created innovative enterprise zones, each with regulations to support specific industries. The two main types of enterprise zones in Dubai are mainland companies and free zone companies.

Besides, a continental company structure allows companies to trade within the UAE. However, a foreigner can only own 49% of the company’s shares: UAE law requires a UAE national partner to own a 51% stake in foreign-owned mainland companies.

Also, a free zone company is 100% owned by the entrepreneur or investor. It can be registered in one of more than 40 special commercial zones in Dubai. Free zones offer special advantages to foreign investors and entrepreneurs. Establishing your event management company in a Free Zone is the most cost-effective and simplest method.

If you are not sure whether to choose between a company on the mainland or in a Free Zone, our experts will help you decide.

Choose a Company Name

The name of your best event management company in Dubai must adhere to UAE naming policies, including that a company name cannot include any offensive or blasphemous language, nor any reference to Allah or Islam.

Connect Business Centers will assist you in choosing and registering your Dubai event management company name with the UAE Registry Office. You may use your name in the company name, but you must use the full name instead of just your last name or initials.

Event Management License Application

This is the last step in obtaining your event management license in Dubai. To make sure you don’t make any mistakes that will not only cost you time but also money, it is advisable to let the experts in company formation help you.

These are the documents to obtain an event management license in Dubai:

• Copies of passports of all partners and shareholders of the company.
• Two passport-size color photos of the company’s partners and shareholders
• A completed application form

Apply For Your Visas and Corporate Bank Account

After applying for the business license, you must also apply for the visa and open the company’s bank account. With your visa, you will also be able to sponsor your dependents to apply for the visa. This includes your household and family belongings.

With an event organization license, you can also apply for visas for your employees. The number of visas available for this purpose varies depending on the size of your company. This can be a hard process.

Contact our team of specialists to help you choose the one that best suits your company’s needs.

Cost of Starting an Events Management Company in Dubai, UAE

Calculating the exact cost of opening a best event management company in Dubai is complex. The costs of an event management license in Dubai vary depending on the location of the company, the business activities and the structure of the company.

In Dubai, opening an event company in a Free Zone and a mainland location is affordable, but the exact costs differ. The cost of a business license on the mainland is determined by the legal category of the license application. In the case of a Free Zone business license, the costs vary depending on the business activities and the number of visas required.

An event management license costs between AED 15,000 and 30,000. For an exact quotation, please contact our team for assistance.

How Much is an Event Permit in Dubai, UAE?

To hold an event in Dubai, organizers must apply for an event permit and a ticketing permit (if applicable for the event). The cost of an event permit depends on the size of the event venue, the size of the venue and the event activities. These costs start from AED 1,500.

Event organizers must also pay an additional AED 10 each in “Knowledge Dirham” and “Innovation Dirham” to the Dubai Department of Tourism and Commercial Marketing, respectively.

Working with Connect Business Centers

Connect Business Centers is the link between potential tenants and the best properties throughout the United Arab Emirates. We offer a strong core of business centers in all the different Emirates. We offer many alternatives whether you are looking to establish your best event management company in Dubai on the mainland or in any free zone in the country.

Finally, it is essential to understand the terms and conditions of shared office rental in Dubai. It is essential to understand all the legal processes because they are designed to safeguard both the host and the tenant. If you want to avoid legal problems or penalties, you must also respect local laws.

Conclusion

Numerous companies have sought the help of our experts to start their corporate event management company.  You are in the right place if you are starting a business in Dubai for the first time or if you feel a bit lost.

Get in touch if you want to know more information to make more important business decisions. Contact us right now to get started.