Setting up a consultancy business in Dubai ᐅ Make the right choice!

ᐅ What are the key steps involved in setting up a consultancy business in Dubai?
We guide you through a series of essential steps to establish your consultancy business in Dubai. Begin by choosing a suitable legal structure, such as a Limited Liability Company (LLC) or Free Zone company. Then, secure the necessary licenses with the Department of Economic Development (DED) or relevant Free Zone authority. After that, you’ll need to rent an office space, register your business, and open a corporate bank account. Throughout this process, we are here to assist you with our expertise in licensing and company formation.

ᐅ Why should I hire company setup consultants in Dubai?
Engaging company setup consultants in Dubai, such as Cassius Law, provides you with invaluable advantages. We hold extensive knowledge of local laws and regulations, helping you avoid costly mistakes. Our professional expertise streamlines the entire setup process, ensuring compliance with all necessary requirements and paperwork. This allows you to focus on your primary business activities while we handle the administrative burdens.

ᐅ What are the benefits of setting up a business in a Dubai Free Zone?
Setting up in a Dubai Free Zone offers numerous benefits, including 100% foreign ownership, tax exemptions, and the ability to repatriate profits fully. Additionally, Free Zones cater to specific industries which can facilitate networking and collaboration with other businesses in your area. With our expertise in Free Zone company setup, we can identify the most suitable zone for your consultancy business.

ᐅ How do I choose the best business setup consultants in Dubai?
Selecting the right consultants is crucial for the successful establishment of your consultancy business. Look for firms with a strong track record in company formation, corroborated client testimonials, and diverse service offerings. At Cassius Law, we pride ourselves on being amongst the top business setup consultants in Dubai, dedicated to providing personalized solutions tailored to your needs.

ᐅ What licenses do I need to start a consultancy business in Dubai?
The licenses required to start a consultancy business in Dubai depend on your chosen business activity. Generally, a professional license is needed for consultancy services. Depending on your focus area, you might also require additional permits. Our team at Cassius Law can help navigate the licensing process specific to your consultancy services.

ᐅ Are there any restrictions on foreign ownership in Dubai?
Dubai has provisions for foreign ownership that vary based on the business type and the area of operation. Free Zones offer 100% foreign ownership, while LLCs can have up to 49% foreign ownership depending on the sponsorship agreements. We will assist you in selecting the best structure to maximize your ownership rights and operational flexibility.

ᐅ What are the start-up costs for a consultancy business in Dubai?
Start-up costs for a consultancy business in Dubai can vary significantly, depending on factors such as the legal structure, office rental, licensing fees, and initial operational costs. Generally, the initial investment can range from a few thousand AED to several tens of thousands. We can provide you a clear estimate based on your specific business model and requirements.

ᐅ How long does it take to set up a consultancy business in Dubai?
The timeframe for setting up a consultancy business in Dubai varies, depending on the complexity of your business structure and the completeness of your documentation. On average, the process can take from a few weeks to several months. At Cassius Law, we work diligently to expedite the process on your behalf, ensuring that all paperwork is processed efficiently.

ᐅ What are the tax implications for a consultancy business in Dubai?
One of the significant advantages of operating in Dubai is the presence of no personal income tax and low corporate tax rates, particularly in Free Zones. While VAT may apply to certain services, consultancy businesses generally benefit from a favorable tax environment. We can explain these implications in detail as they pertain to your specific business operations.

ᐅ What are the most popular consulting sectors in Dubai?
Dubai boasts a diverse market, and popular consulting sectors include management consulting, IT consulting, financial advisory, human resources, and marketing consultancy. Understanding the demand in these sectors can help better position your consultancy for success. Our market research services can assist you in identifying the most lucrative niches.

ᐅ Can I operate in multiple sectors with a consultancy business in Dubai?
Yes, you have the option to operate in multiple consulting sectors; however, this typically requires obtaining separate licenses for each area. We can assist you in determining the most efficient way to manage multiple services under your consultancy and ensure compliance with relevant regulations.

ᐅ What role does office space play in setting up my consultancy?
Office space is a critical component of your consultancy setup, as it is often a requirement for licensing and establishes your professional presence. Depending on the Free Zone or mainland licensing choice, the size and type of office space needed may vary. Cassius Law can advise on suitable office solutions that align with your business goals.

ᐅ What support can I expect from Cassius Law during the setup process?
When you partner with Cassius Law, you gain access to a comprehensive range of services, including legal advice, licensing application assistance, office space solutions, and ongoing support for business operations. Our commitment is to ensure that your consultancy business is set up effectively, compliant with all local laws, and positioned for future growth.

For tailored guidance and support in starting your consultancy business in Dubai, reach out to us today. Let Cassius Law be your trusted partner in making your business venture a success.