Complete setup of event management companies in Dubai unlocked

Event management is a lucrative business opportunity in Dubai because this city offers a sense of luxury and rich lifestyle. Corporate individuals and startups used to arrange some meetups and business networking events. If we look into the personal side, wedding parties, birthday parties, and anniversaries are among the most popular events.

So, If you are thinking about opening a new event management company then definitely you are on the right path. This business has a great potential for growth. Let’s find out:

How to set up  an event management companies in Dubai?

Here are some steps you need to follow:

#1 Decide about your economic activities

Before you apply for a trade license, there is a need to get clarity about your business services. You must know that event management companies in UAE face extreme competition and thereby instead of offering all kinds of services, try to choose a specific niche.

Such as:

• Wedding planners
• Party planners
• Musical event planners
• Corporate event planner such as conferences, trade shows, conferences, meetings, etc.

Try to choose those services regarding which you have years of experience. It’s because you need to compete well with other event management companies in Dubai and you can do that by offering quality services and expertise.

#2 Pick the jurisdiction and legal structure

When it comes to opening a new company in Dubai, the most important step is to decide whether you will set up your event management company. Choice needs to be made between Mainland and freezone companies. It’s time to know the difference between both: Mainland vs Freezone companies and then to pick the most suitable jurisdiction.

It’s essential for you to decide about the legal structure of your business. You can either start a private company, LLC or an online company. If you open a company in Dubai Mainland, you need to get a professional services license.

#3 Choose Company name

You need to specify your company name. There are some naming conventions you will have to follow for getting approval of your business name. Once you find a suitable company name, register it with the UAE registry. Ensure that this name doesn’t include any offensive language and include full name instead of initials.

#4 Event management license

You need to apply for an event management license in your specific jurisdiction. You will complete the application form and provide two passport-size photographs and copies of passports of all shareholders or partners.

#5 Apply for visa

Now it’s time to apply for your visa and also your employees. Number of visa you can sponsor will depend on the size and type of your Dubai event management license.

#6 Open bank account

Since you need to make some business transactions, you will have to open a corporate bank account. Choose a bank as per specific business needs. Go for a bank that offers safe transaction options for cash and credit transactions.

Documents required to set up event management company in Dubai, UAE

Here are some documents you need to provide for event management company setup in Dubai:

• Copies of passport of all owners and shareholders, and partners
• Two color passport size photographs
• Trade name – at least four or five to pick one
• Physical Office Ejari when you need event management company license in Mainland
• NOC from the current sponsor, If required

Cost of setting up an Event management company in UAE

There are so many factors that can affect the overall cost of opening a new company in event management field. This cost is based on business activities, size of company, business location, and activities. The cost will vary from one jurisdiction to another. If you set up a company in Dubai Mainland then its cost will be different from the free zone event management company setup in Dubai. However, setting up a freezone event management company is quite cost-effective.

Cost of an event management license in Dubai ranges from AED 15000 to AED 30,000. But if you need an exact quote then you should contact our business consultants. They will review your business and provide you with a complete breakdown of cost.

How much is an event permit in Dubai?

Do you want to organize an event in Dubai? If yes, then you need to get an event permit. And if there are tickets involved, you will also need ticketing permit. The cost of an event permit in Dubai depends on the size of the event’s venue, event activities and scope. Event permit cost in Dubai ranges between AED 1500 to AED 3000. Beside, you need to pay additional AED 10 for Knowledge Dirham to Dubai’s Department of Tourism and for Innovation Dirham Commerce Marketing (DTCM).

Final Words

Finally you need to know how to set up event management business in Dubai. The whole process takes time from a few days to a few weeks. You need to provide all the required documents.

However, it’s not easy for you as a foreigner to set up an event management company in the UAE, thereby we are here to help. Prospr’s business consultants have 10 years of experience navigating the intricacies of business worlds. During that time we help entrepreneurs to grow their business and startups to put their vision into reality as seamlessly as possible.

Do you want to experience a hassle-free event management business setup in Dubai? Book a consultation session now!