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How to choose an event management company in Dubai

 

Dubai is a global hub for the world's most opulent events. Whether it's the Grand Dubai Expo, a sporting event, or any other event, Dubai brings it to life and serves as a hub for some of the world's most well-known and popular events. This indicates that Dubai, United Arab Emirates, is one of the most profitable areas to start an Event Management Company. According to data, events, and exhibitions at the Dubai World Trade Center (WTC) alone are expected to generate USD3.3 billion to the economy. The GCC hospitality business is also on a steadily upward track.

 

The local events business is highly interested in staying on top of this global and regional trend.

And this is a picture that can be found across Dubai's quarter-billion-dollar events business.

In the last few years, Dubai has grown at a rate of 25% every year. This has prompted entrepreneurs, particularly in this area, to investigate this region to see what they're missing out on. Not to mention the rising interest in learning how to start an event management company in Dubai, UAE, as well as the benefits and returns it provides.

Steps to start an event management firm in Dubai, United Arab Emirates

 

We've already provided you with a brief and detailed description of the event management company in Dubai, UAE, and the services it provides. Though it is a highly profitable business, the groundwork for establishing an event management firm in Dubai, UAE, must be thorough.

There are several sections that we will highlight as you read.

The steps are as follows:

The first stage is to describe the types of business activities you propose to conduct inside your events management firm. While the license permits you to engage in several activities ranging from hospitality to event promotion, you must still identify the activity, failing to do so could result in penalties.

Choosing a company name: this is a crucial stage, as the UAE has issued a few instructions on the subject. The name should be memorable, original, and not blasphemous; no abbreviations should be used, and only complete names should be utilized.

 

Choosing the proper jurisdiction: Choosing the right jurisdiction for your firm is crucial before you start the licensing procedure. In Dubai, UAE, you can establish an event management company in one of two commercial zones: the Free Zone or the Mainland.

Obtaining a license: In Dubai, the Department of Economic Development (DED) is in charge of obtaining an event management license. You must submit a fully completed application form, all needed documentation, and two passport-sized colored pictures. A license for an event management company costs around AED 15, 000, and this is what you can anticipate paying.

You'll need a visa for yourself, your business partners, or any staff, as well as a corporate account. The type of license you have and the size of your organization affect the number of visas you can apply for.

• Structure of the law:

It is feasible to establish an event management company in Dubai, UAE, both on the mainland and in the Free Zones. The corporation can be registered in either of these locations, depending on your preference. It is under the "Professional Services" category for Mainland and gives the individual 100 percent ownership of the license. Without the need for a local sponsor, a mainland structure can deal directly with local markets. They may hold events throughout the UAE. There are several free zones in the UAE, including Dubai World, Dubai South, and the Dubai Creative Cluster or Fujairah Creative City, which house all of the event management companies. A person can participate in as many events as he wants, but he must explain his commercial operations when applying for a license. Documents needed to start an event management company in Dubai, United Arab Emirates:

The following documents are required for the foundation of an event management firm in Dubai Mainland and Free Zone:

• A copy of the owner's passport and the passports of all business partners
• Photographs in two colors, passport size
• At least three trade name alternatives
• Ferrari Office for Mainland Licensing

If relevant, a letter of authorization from the present sponsor.

Important considerations after acquiring an event management license in Dubai, United Arab Emirates: In the event of an event cancellation, you are solely responsible for the full refund of your ticket money. Outside of any of the Free Zones, the sale and promotion of event tickets are governed by the principle of proper authorities. The sale and promotion of event tickets in other geographies are governed by the laws, rules, and regulations of the individual Emirate's authorities. At all times, any associated general public information should be clearly stated on tickets, posters, brochures, or any other kind of material.

InnovationDynamics.org is a prominent global Event Management Company in Dubai that maps and understands your demands during the business setup or company formation process in Dubai, UAE. If you are interested in choosing an event management company in Dubai our company is the most perfect choice.