Get a free consultation with a personalized review of your situation
By clicking the "Get a Consultation" button, you agree to the Privacy Policy
How to open an event agency in Dubai, UAE
Dubai has established itself as a key destination for international conferences, sporting and festive events and trade shows. Such companies organise and coordinate parties to make their clients and guests feel comfortable and have a great time. Event agencies are a lucrative industry with access to high-end clients who are willing to pay for quality services.
To run any business, you must have a business licence for specific activities. In addition, it is impossible to run an event without a licence, as without one you cannot open a bank account, issue official invoices or obtain the necessary permits for your event. Moreover, the licence allows you to choose a variety of activities and organise both private events: weddings, birthdays and children's parties, and public events: large-scale business conferences, concerts and sporting events.
Before applying for a licence, you need to decide in which economic zone you want to register and run your business: mainland or freezone. The main difference between the two is the available area to operate and find customers. While mainland companies can conduct physical business throughout the Emirate and outside the UAE without restriction, a freezone company can only engage in organising holidays within the chosen freezone. Incidentally, previously foreigners were not allowed to own 100% of a company on the mainland and required sponsorship from a local partner with its ownership of 51% or more. However, this rule has been abolished and foreign investors can now own a business 100%.
In addition to choosing the business and jurisdiction, it is important to decide on the legal form of the company and its name. There are a number of requirements for the company name, which are spelled out in the legislation. It is worth preparing several options so that this step does not slow down the whole process. If necessary, it is worth taking care of renting an office to receive clients in advance. After obtaining a licence, it is possible to proceed with visa processing and opening accounts.
Of course, careful analysis of all steps, as well as professional support of specialists can help entrepreneurs to establish smooth operation of their business. Schedule a free consultation with an Openbiz lawyer and find out how to open an event agency in Dubai, UAE.
Get a free consultation
with an individual analysis of your situation
By clicking on the "Get a consultation" button, you agree to the Privacy Policy
Might be interesting:
«Legal and accounting services in UAE»
© Uae-openbiz. All rights reserved
BUSINESS SERVICES