The hospitality industry in the UAE is set to reach new heights during 2024. Also, the success of Dubai Expo 2020 has led to the increase in the business activities. If you’re planning to acquire event management license, then your chances of progressing are better than ever.
Massive support from the UAE government in terms of new policies is playing a major role in business advancement. Opening of new tourist destinations and exemption from VAT for tourists is bringing new opportunities. Moreover, there is a positive sign that Dubai’s event management industry is getting healthier by the day.
If you are looking to start event management business in Dubai, now is a great time to do that. The open culture of the UAE is fueling the growth of the hospitality industry and expansion of the service providers. Whether corporate events or recreational events, Dubai is always a top choice to host them.
Process to setup an event management company in Dubai
Event management companies are those firms who plan and manage corporate/entertainment events. They organize ceremonies, celebrations, product launches, and product presentations, workshops, conferences, etc. Remember the first step is to decide what type of events you want to organize.
For example, do you want to conduct large scale event, small scale event, product launch, promotion or a conference? In order to setup your event management company in Dubai, you have to decide your business activity next. Then, you have to choose the location where you want to conduct your business from these options in 2024.
- Dubai mainland
- Free zone
Let’s have a look on these options.
In order to setup business on Dubai mainland, you need to apply for event management license directly from DED. To hold your event anywhere across UAE, you’ve to apply once to Department of Tourism and Commerce Marketing (DTCM). Then you can conduct events all over the UAE.
Several free zones in the UAE are home to many prestigious event management companies. For instance, Fujairah Creative City (FCC), Dubai World Center (DWC), and Dubai Creative Clusters Authority (DCCA), etc. Select the free zone where you want to establish your event management company.
Send an application form along with necessary documents like passport copy and visa copy to the free zone authority. UAE free zone company formation provides 100% ownership to the foreign investors. However, there are limitations on where business owners can conduct events and exhibitions.
Keep in mind that event management companies setup in the free zone can’t hold events in the mainland. Furthermore, they must apply for a permit from every venue they work with. They can’t hold events in public spaces such as beaches or parks.
Allowable activities for an event management company in Dubai
Event management license in Dubai makes your company to conduct these activities through 2024.
- Organize, manage and encourage gala events, award ceremonies, conventions, product launches, conferences, meetings, seminars and other business events
- Hotel reservations for the attendees of the events
- Selling of tickets for events
Non-permissible activities on event management license in Dubai
An event management license doesn’t allows you to conduct these activities in Dubai amid 2024.
- Carrying out any civil/construction workings (for e.g. building stages, scaffolding, exhibition stands or any extra construction work).
- Trading activities (also include import and export of products)
- Venue management
- Training activities
- Holding and sponsoring events lacking the approval of the appropriate authorities
- Talent agency’s activities
Procedure to obtain event management license in Dubai
The first step for company incorporation in Dubai is to fill out application form for obtaining the license. You need to provide personal and professional information and also list down your business activities. Submit the completely filled application form to Department of Economic Development (DED) in case of mainland.
Otherwise, submit your application to free zone authority in case of free zone company. Note that there are different rules for each free zone. After you have submitted application with required documents, wait for reply from DED for your approval. After the initial approval, pay the fee and get license in a few days after the final approval.
Benefits of starting an event management company
UAE Hospitality Industry was forecast to reach $7.6 Billion by 2022. — Alpen Capital’s latest report on GCC Hospitality Industry 2018
Here are the advantages of establishing an event management company amidst 2024.
Flexible visa options
There is no upper limit which means that event management business owners can apply for limitless visas.
Office space requirements
In UAE free zone, there is often no requirement to take on office space and but on the mainland, however, office space is required. It depends on your business activity and budget on what kind of space will be needed. Our company formation specialists at KWS Middle East will guide you all about office types and leasing process.
Low cost to business setup
- Event management licenses are incredibly affordable in Dubai, starting at around AED 17,500.
- Also, there is no requirement for paid upfront share capital for mainland events businesses or in many of the UAE’s free zones.
- There are very few upfront costs outside of this – depending on your business activity, providing you’ve a PC and a relevant knowledge of the sector, you’re good to go.
An event management license also lets you to acquire residence visas for your dependents. Fortunately, starting an event management company in Dubai is somewhat an simple process. Especially, if you’re aware of all the legal formalities.
If not, you can always take help of our business consultants at KWS Middle East to make things easier. Get all information on business setup in UAE by visiting our website. Connect with us today to discuss all your business formation queries.
About the author