How to start a project management company in Dubai, UAE
The UAE is famed for its projects, whether that’s the ambitious project to attract 20 million visitors to our shores, the many incredible constructions projects, from the Burj Khalifa to Palm Islands, or the countless projects undertaken by the nation’s thousands of businesses every year.
And whether a project is large or small, they all need close, expert management. That’s one of the major reasons why project management is big business in Dubai. Experts in all manner of fields from sales, marketing and technology to import-export, events, and more ply their trade out here.
Essentially, if you have the skills to oversee a project in any field, there is a good chance you can turn your expertise into a thriving business here in the UAE.
And when you start your project management business with help of the experts at Business Incorporation Zone (BIZ), you get up and running quickly with minimal effort.
What are the benefits of starting a project management consultancy?
Project management offers a great opportunity for talented entrepreneurs to step out from traditional employment and go it alone. As your own boss, you get greater freedom over the projects you take on, as well as greater earning potential. And that’s just for starters.
When you start a business in Dubai, you immediately benefit from the emirate’s thriving business community, and its 0% tax rate on both corporate and personal income.
Set up in a UAE free zone and the benefits continue, including zero currency restrictions and capital and profit repatriation. What’s more, starting up in a free zone is usually the most cost-effective way to do business in the UAE.
Most free zones offer license packages inclusive of visas, business facilities and desk or office space.
What is the cost of starting a project management license in Dubai?
The cost of starting a project management company in the UAE will depend on numerous factors, including the size, location, and precise nature of your business.
As a guide, you can obtain a trade licence with eligibility for one visa at Fujairah Creative City for just 22,000 AED. And when you apply today, you can spread the cost at 0%, meaning you’ll pay just AED 1,335 per month to establish your project management business.
As part of this package, you’ll benefit from the following:
- One free visa valid for three years and two visa allocations
- Receive your license in one day
- Dedicated landline number with phone answering service
- Co-working space and meeting rooms
- Three free activities and AED 2,100 for additional activities
- Access to an end-to-end business success team
- Free P.O. Box and a Dubai based address
Steps to start project management consultancy company in Dubai
Before embarking on the process of starting your project management company in Dubai, you should partner with the experts at BIZ. We can manage the entirety of the following process on your behalf, ensuring your application is in good order and liaising with all relevant government bodies.
First, we’ll help you consider your company name. As well as thinking up a catchy moniker, you’ll also need to make sure it meets the UAE’s company naming criteria.
Your company name should not include any offensive or blasphemous language or make reference to known organisations and corporations.
If you are going to include your personal name in your business name, it must be in full – no abbreviations or initials. You must also check that your chosen business name is available to be registered.
Next, we’ll manage your trade license application. This application is made directly to the managing authority of your chosen free zone.
At this stage, you’ll need to provide a few details about you and your business, as well as several documents (see below).
With your license application underway, BIZ can also help you apply for your UAE visa. We can also assist with applications for any other visas you may need, such as those for your employees, family, or domestic staff.
At this stage, we can also assist with the opening of your corporate bank account, advising on the best financial products and institutions for your specific needs.
Documents required to start a project management consultancy in Dubai
Whether making your application yourself, or through a company formation agent, you are usually only required to provide a few details and some standard documentation. This may include:
- Completed application form
- Business plan
- Passport copy of the proposed owner or owners
- Two colour passport size photos
Ready to start your project management company in Dubai?
If you’ve got the right skills and are armed with the right knowledge, setting up a project management consultancy in Dubai doesn’t have to be overly complex.
That being said, it does require a level of prior knowledge of the process. What’s more, it is important to note that the application process is only straightforward if your license application is complete at the time of submission and free from errors.
To help you ensure that this is the case, it’s a good idea to work with a company formation specialist such as Business Incorporation Zone (BIZ) when establishing a new company in the UAE.
We are a team of company registration professionals who are passionate about bringing the dreams of aspiring entrepreneurs and SMEs to life.
As well as handling your license application, BIZ can also assist with the opening of corporate bank accounts and advise on the most appropriate financial institution to suit your specific needs.
We also offer visa and immigration services and can handle all government formalities, permissions, work permits and visa applications that are required to trade in the UAE.
In short, our experts can establish your company on your behalf, make your license and visa applications, and take care of all the necessary admin – leaving you free to get on with running your business.