When you head for business with requisite skill, there is no more reason why you can't get involved in this vast market. You can set up the UAE event management business with expert help to complete in five easy steps.

Outline your business activity

Outline your business activities before applying for your event management license. Wide range of activities are carried with the event's license. This allows you to carry out activities like hospitality management to event promotion. You need to list on your application that you wish to undertake. Carrying out the activities that are not listed on your license would result in penalties. It's best to work with the company formation expert in this stage to make it covered.

Choose your company name

After outlining your business activities, choose your company name. This would take an extra thought in UAE than other countries. Choose a name that reflects to offer in the memory of your target customers. It must comply with the UAE's company name regulations. The company name should not have any offensive language or reference to known organisations or blasphemous language. When you want to include your name in your business name, it must be in full with no initials or abbreviations. Check whether your chosen business name is available to get registered. The company formation expert would do this as a part of the license application process.

Choose the right set up

Before making the formal license application, decide the right company set up for your business. The two choices in UAE are mainland or free zone. There are advantages to both. The free zones have cost-effective ways to start an events company, it has attractive benefits with 0% personal and corporate income tax and 100% exemption from customs tax. UAE free zone businesses benefit from all invested capital and profits. It has no currency restrictions or foreign exchange controls. You can set up the business in the UAE mainland. The mainland business trades directly with the local marketplace without services of a local agent and takes on government contracts, which free zone companies cannot.

Apply for your license

After deciding the activities you wish to list on your license, submit your application. Based on your choice of set up, you can directly apply to the Department of Economic Development for emulating you to set up or the relevant governing authority of the free zone. Whatever setup you choose to apply for an event management license in Abu Dhabi, Dubai or UAE, a company formation expert would help with this step. They manage the entire application process on your behalf. Either making your application yourself or through a company formation agent, you need to provide few details and some basic documentation as:

The Completed application form

• The passport copy of the owner or proposed owner.
• Any two colour passport size photos.
• Pay AED 15,000 to secure your event management license.
• Apply for a license package that has a Flexi-desk package which affords entrepreneurs the use of business facilities like mail services, internet, desk space and phone use.

Apply for visas and bank accounts

Apply for visas, business license and open your corporate bank account. Apply for your visa and employees visas too. The maximum number depends on your license type and size of your business. Sponsor dependants for their visa applications. You can bring your family, that includes spouse, children and dependent parents to the UAE. You can hire domestic staff like the housekeeper to make the process simple. The corporate bank account opening works with a company formation expert who would guide you with the complex process. The company formation expert will advise on best banks to suit your needs and arrange the appointments.

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Professional License Activities in Dubai - UAE: Individuals who plan to run a business or commercial activity in Dubai has to acquire a license. Dubai's, The Department of Economic Development (DED) has a well-administered system that separates the various sectors of licensing categories. This enables better opportunities at the constructive and regulatory facilities. The need occurs to choose the right type of license for your type of business in Dubai. Professional (The term professional indicates companies or individuals with trained skills) companies being set up in Dubai needs a professional license.

The list of individuals who require a professional license in Dubai are,

• Lawyers and Legal Advisors
• Accountants, Auditors, and Financial Advisors
• Accounting and Auditing Companies
• Architectural Consultants
• Advertising professionals and Entertainment Artists
• Business Consultants
• Technical Services
• Teachers and Educational Professors
• Health and Medical Services
• Medical Representatives
• Carpentry and Artisan Activities
• Consultancy Services
• Information Technology Services
• Printing and Publishing
• Internet and Web Design Services
• Management Consultancy
• Beauty Salons

Listed above are some of the common professional activities that require a professional license in Dubai. One can get the complete list of activities that require a professional license from the office or website of the Department of Economic Development (DED). Even then it is always better to consult a business consultant or a business set up a company to get information about all the details minutely and to select a business license that suits you best.

Business activities carried out under professional license

• Medical services
• Document clearing
• Beauty salons
• Computer graphic design
• Printing & publishing
• Consultancy
• Security services
• Artisanship
• Other noncommercial activities

100% ownership

A professional license in Dubai keeps you the sole owner of the company, i.e. you are allowed 100% ownership of the company. A professional license also allows other benefits to the license holders. In the case of trading companies, you are allowed only 49% of the shares while the majority 51% is vested with the partner (UAE national). But in the case of professional companies, 100% ownership lies with the owner in accordance with an agreement with a local service agent.

Benefits and Advantages of Professional License

• 100% foreign ownership
• Wide range of activities to choose from
• Cost-effective
• Flexible market
• Wide range of client to engage with
• Renewal of professional license at an affordable cost
• No additional income tax or corporate taxes on your profit
• Wide range of choices for choosing the type of company you want to establish
• Protected business engagements with the Department of Economic Development

How much does it cost?

The total cost of a professional license depends on the different categories of a fee that requires to be paid by a license holder.

• Professional license fee
• Service agent fee
• Trade name fees
• Security deposit (different for individual license holder and civil company)
• Market fee (according to tenancy amount)
• Others

You will be interested on:  Professional License in Dubai

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Agency for Registering Trademark in Dubai: Having an extremely lucrative idea is rare. You’d want to protect the idea and your prospective business venture by registering a trademark to prevent anyone from replicating the same and going ahead before you. You get a trademark on something you think is unique and no one has thought of yet. But you must conduct proper research before you propose to file for one. It could be a name, sign, picture, signature, colour, word, slogan, software, application, website, shape, or combination of any of these or even a brand name to identify your business. It is quite difficult to take care of this on your own because it has several legal details that might be out of a layman’s understanding. To avoid any repercussions in the future, it is best to take help from someone who has the expertise and knowledge of the field. That is why there are agencies in place that provide services to register a trademark for your brand or business. The trademark registration agencies can help remind you that your trademark is a valuable asset and it can be sold, licensed or franchised amidst protecting your business identity, make sure you don’t use anything that similar to someone else’s brand, and prevents from your product or service being confused as a sister brand or with a brand that has a bad reputation. The agencies go ahead and ask for several documents to get started:

• Trademark Logo of the company (JPEG)
• Proof of Trade License
• Power of Attorney in favour of the agency handling the procedure
• Copy of Passport with Visa Page of the Managing Director
• A list consisting of items that will be protected
• Priority Document
• Contact Details
• Other (Depending on the case of your trademark requirement)
• A Notarized No Objection Certificate from Partners

Other than the regular fees (includes filing fees, publication in the trademark journal, Publications in two Arabic newspapers and Registration fee), there is a professional fee charged by the agency who has taken up the duty to do the trademark registration for you. Soon, after all the procedures, if there are no objections, one will get the certificate of trademark registration. It will be valid for 10 years.

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The Do's and Don't's of Doing Business in Dubai: You know how to set up a business in Dubai and now it is time to learn the do’s and dont’s of setting up and doing business in Dubai.

Do’s

Get a local sponsor

You will need a local sponsor to invest in your company if you want to get a license to start a company in Dubai.

Choose your license carefully

There are different types of licenses for different businesses. Check the ones that apply to your businesses.

Research

Many businesses require additional permissions from other departments. You should do a lot of research about your business in Dubai, check its viability, research about the location and about the culture of the people.

Hire a business consultant

All the processes look straightforward and easy on paper. If everything goes right you will get registration for your business in 4 weeks max. But if you are not sure, you should hire a business consultant who will help you figure it all out and get your business setup in Dubai.

Be patient

Patience is a virtue. You will need it in abundance to do business in Dubai. People might not turn up on time, negotiations may take longer than expected. You should be prepared to handle different scenarios.

Learn the culture and join groups

Meet people, make an effort to learn a few words in Arabic. People will be quick to appreciate you.

Be casual and develop close relations with the people

Be friendly and develop a rapport with the community of peers in Dubai. That part of the business world is still heavily influenced by word of the mouth referrals and the social mixers can be a great way to get your business advertised.

Don’ts

Don’t rely on verbal agreements

Verbal agreements are not binding. Once you find a local sponsor make sure you make an agreement stating your terms and get it notarized.

Don’t boast about your self

Humility says a lot about a person. Dubai is chock full of successful people and the people don’t especially care for boasting.

Don’t be late

Even though people may turn up late, meetings may run late or there will be all sorts of delays, make sure you are always on time.

Don’t talk about religions or sensitive topics

Avoid talking about topics that can hurt the sentiment of people. It does not help and alienates people.

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