Dubai has now established itself as a key destination for business meetings, international conferences and trade exhibitions. Events hosted at the Dubai World Trade Centre alone account for a massive AED 13 billion, which amounts to 3.3% of the GDP of Dubai. 57% of the expenditure on events is directly linked to sporting events hosted by Dubai, such as the Omega Dubai Desert Classic, Dubai World Cup, DP World Tour Championship in Dubai, and the Standard Chartered Dubai Marathon.
So you can see how there is a lot of potential for professional event management companies in Dubai. Event management companies in Dubai maintain strong cordial relations with media houses, Public Relations agencies, players in the travel and tourism industry, institutions that exist in the hospitality industry such as star hotels and resorts, social media agencies, experiential marketing agencies, and so on. Business setup in Dubai thus makes a lot of sense if you are planning to enter the space.
How to Register an Event Management Company in Dubai
Because it is not easy to draw the line between business and tourism – a lot of business visitors also engage in tourism activities during their stay in the United Arab Emirates – it is recommended that you get a business license from the Department of Tourism and Commerce Marketing, Dubai. This way, your business license would also allow you to organize everything yourself instead of having to outsource the planning of tourism activities to a licensed tour operator.
In the first step, you have to think of a name for your event management company. The proposed company name must not contain any religious references, nor are the names of countries or cities permitted. However, nationalities and the names of geographical regions can be a part of the company name. A first name is allowed only if it is the first name of one of the shareholders in the company. Terms like ‘Global’ and ‘International’ cannot be the first part of the company name, which is also called trade name.
A business setup consultant can reserve the trade name so that when you apply for company registration and a business license, it will be granted to you exclusively and not anyone who may apply for the same trade name before you do.
In the next step, the company formation documents need to be drawn up. The company formation documents specify the name of the company, the reason why it is being set up, and the name(s) of the owner(s). These documents may be referred to as Memorandum of Association if there is only a single owner for the event management company in Dubai, or as Articles of Association in case there are multiple owners. It must then be notarized by a Notary Public so that it becomes legally valid.
You also need to select a suitable office space for your company. The rule of thumb is that you need 100 square feet for every employee. You need to enter into a Tenancy Agreement with the owner of the premises and get the Tenancy Agreement registered so that it becomes a legally-binding Tenancy Contract or Ejari. The address of the space you have rented becomes the registered office address of your event management company in Dubai, once company registration and a business license are granted.
List of Documents Required for Starting an Event Management Company in Dubai
- Copies of the passports of all shareholders
- Copies of the pages where Residence Visa or Visit Visa is stamped for those already in the UAE
- Emirates ID of those already resident in the UAE
- No Objection Certificate from current Local Sponsor, if already a resident of the UAE
This is only an indicative list and not exhaustive in nature. If you are resident of a country other than the country of your citizenship, additional documentation may be required as proof of residency in your country of residence. This could be something as simple as a utility bill or a bank statement. A business setup consultant can help you with more information as to the documentation required when opening an event management company in Dubai.
How to Open an Event Management Company in Dubai
- Choose a name for your company, albeit one that will be approved.
- Draw up the company formation documents, allocating shares to each owner.
- Get the company formation documents notarized by a Notary Public.
- Decide on a physical location for your event management company.
- Enter into a Tenancy Agreement with the owner of the premises.
- Register the Tenancy Agreement so that it becomes a Tenancy Contract.
- Apply for company registration and a business license
- Receive a payment voucher outlining the necessary fees to be paid.
- Make the payment, get company registration & business license.
Once you have received company registration and a business license, you can proceed to open a corporate bank account for your event management company in Dubai. This will enable you to make and receive payments with ease. Owing to strict anti-money laundering regulations in the United Arab Emirates, it is not easy to open a bank account. But with the right business setup consultant in your corner, it could take as little as two hours instead of the whole day.
Why Choose A&A Associate for Opening Your Event Management Company in Dubai?
At A&A Associate LLC, we have years of experience with company registration in Dubai and the rest of the United Arab Emirates. We have been of professional assistance to clients from 100 countries around the world. We focus on delivering value to our clients, and we have an excellent client satisfaction rate to speak of so far. For more details, please call + 971 56 408 6728 to speak with one of our senior company formation experts during business hours or use the form below to send us a message.