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Free Zone Options for Consultancy Companies in the UAE
Are you looking to start a consultancy company in the UAE? Industries such as financial, management, legal, human resources, and information technology are some of the most popular when it comes to consultancy services in the UAE.
Each year, the country attracts a large number of professionals, people in business, and investors from around the globe. Entrepreneurs are starting their own consultancy business in a UAE Free Zone due to its advantages. Some of the key benefits are its world-famous 0% tax rate on corporate and personal earnings, 100% company ownership, and strategic location that makes it perfect for business travels and international trade.
How to Open a Consultancy Company in the UAE
- Choose your Business Activities
- Decide on your Company Name
- Apply for your UAE Trade License
- Apply for your UAE Visa
- Open a Corporate Bank Account
Setting up in a UAE Free Zone is one of the easiest ways to obtain your consultancy license. Free Zones such as SHAMS – Sharjah Media City, IFZA – International Free Zone Authority, Fujairah Creative City, and Ajman Free Zone, offer some of the fastest and cheapest business setups in the UAE.
Option 1: SHAMS – Sharjah Media City Free Zone
License setup starting from AED 5,750
Sharjah has been a top destination for entrepreneurs to start their businesses. This month, you can start your Consultancy business for just AED 5,750. This applies to all business activities. Why choose SHAMS? Aside from the 100% company ownership that all UAE Free Zone offers, it is a hassle-free and cost-effective license option in the country, and you can get your license in just a few days. SHAMS also provides a wide variety of licenses, namely, Service License, Industrial License, Trading License and Holding License. You can also register your company from the comfort of your home. Consult one of Smart Zone’s Business Setup Specialists on how to avail of this offer.
Option 2: IFZA – International Free Zone Authority
License setup starting from AED 11,500
IFZA is located in Fujairah’s emirate and is one of the UAE Free Zones that offers many license options and business activities to entrepreneurs looking to start a consultancy company. The Free Zone provides consultancy license, service license, trading license, general trading license, and holding license for local ventures and large international businesses. Some of the reasons why investors and business people choose IFZA are its strategic location, world-class infrastructure, and tax-friendly environment. Entrepreneurs can have 100% ownership of the company as well. IFZA also offers competitive packages and efficient incorporation processes. Talk to one of our Advisors for more details.
Option 3: Fujairah Creative City Free Zone
License setup from AED 13,325
One of the popular reasons entrepreneurs are choosing to start their business in Fujairah Creative City is its option to apply for several visas without the need to lease physical office space. They also offer freelancer license packages that are suitable for single owners. The Free Zone if one of the most cost-effective and easiest options to get your business up and running. When setting up with FCC, you will not be required to provide a No Objection Certificate of NOC from your current sponsor. This makes it more possible for you to start your consultancy business while still employed. To find out more about FCC business activities, bank account setup, and dependent sponsorship, please contact one of our Smart Zone Company Formation Advisors.
Option 4: Ajman Free Zone
License setup from AED 11,000
One of the key advantages of setting up under Ajman Free Zone is the multiple visa options. If you are a first time entrepreneur in the UAE, AFZ’s entrepreneur three-visa and five-visa packages would surely help you get your business running at affordable rates. Ajman Free Zone is also open to almost all trading activities, such as general trading. It also issues licenses such as professional and industrial licenses. It is also an ideal jurisdiction for entrepreneurs who wish to start the business as quickly as possible, as there are minimal barriers in registering a license. To find out more about shareholders, dependent sponsorship, and pricing, visit Smart Zone’s Ajman Free Zone page.
The above options’ specifics depend mainly on the type of license you are applying for and its business type. Before taking any steps, it is recommendable to talk to experienced and well-knowledgeable company formation specialists. Smart Zone can guide you through every step of the application process, so you save time and money while getting the right license setup.