Choose
Business Activity
Before starting an event management company, you must decide which niche your company will cover under this business. Identifying specific services such as corporate events, weddings, concerts, venue sourcing services or trade shows will assist you in establishing your business scope and help in the licensing process.
Select
Business Name
Another challenge is choosing a unique name for your business that complies with the UAE’s event management services naming conventions. It is advised to avoid names that are offensive, blasphemous, or similar to existing companies. Ensure that the name reflects the nature of your business so the audience can hold a grip on your business while recommending it to others.
Choose
Right Jurisdiction
Before proceeding with the regulatory authority, decide whether to set up your business in a Free Zone or on the Mainland. Each jurisdiction has its advantages to offer, including:
Free Zone:
Offers 100% ownership, tax exemptions, and easier repatriation of profits. However, you may face restrictions on conducting business directly with the UAE market.
Mainland:
Allows you to trade directly within the UAE market but requires a local sponsor or service agent.
Apply for a
Business License
Once you have a clear picture of your business niche and jurisdiction, submit your event management license application to the relevant authority based on their chosen jurisdiction laws:
Free Zone:
Apply through the respective Free Zone Authority.
Mainland:
Apply through the Department of Economic Development (DED) in the emirate you plan to operate.
Visa Application &
Bank Account Opening
Once all the relevant procedure is done, proceed with the following steps:
Visa Application
Apply for your residence visa and, if necessary, visas for your employees. The visa process involves obtaining an entry permit, a medical test, and a UAE ID card.
Bank Account Opening
Open a corporate bank account with a UAE bank. Provide documentation such as your trade license, MOA, passport copies, and business plan.