The fact that one can start a project management business in Dubai is encouraging because it is due to the booming construction, real estate, and infrastructure. Due to the flourishing economy coupled with the right business environment and opening new businesses, Dubai looks for businesspersons willing to establish themselves. Opening a project management business in Dubai requires one to comprehend the market, apply for relevant permits in Dubai, and network. The few steps needed for the business setup in Dubai are very easy to understand, however, the help of an expert will help avoid doing something wrong with legal and monetary issues. Entrepreneurs who want to setup business in UAE will find Dubai ideal for launching a project management business in Dubai.
What do you mean Project Management Company in Dubai?
A leading project management company in Dubai deals with project management such as building development, IT infrastructure construction, and housing construction. These companies make sure that quality, schedule, and costs are all followed while executing the project. With the fast booming of the economy in Dubai and the extensive development of the infrastructure, there has been a demand for project management companies. Other than potential businesses, those who want to start a project management business in Dubai do not consider easy-to-do business policies. With appropriate management knowledge and licenses, the business setup in Dubai can be easily done.
How to get a project management license in Dubai – step-by-step
Dubai provides for the attainment of a project management license. Here is a detailed procedure that one may use to achieve it.
1. Adopt a Business activity: Select ‘Project Management Services’, under the DED or any free zone authority, as one of the activities of the firm.
2. Select Jurisdiction: Select between the mainland or the free zone. This will affect the extent to which you own the business and how you do business.
3. Business Name Registration: Register your company with the relevant authority and ensure that the name adopted complies with UAE naming rules
4. Submit Initial Approval: Apply to the DED or free zone authority for initial approval.
5. Prepare Legal Documents: Create the MOA, and shareholder documents, obtain all necessary signatures, and have everything officered.
6. Apply for a Trade License: For the project management undertaking, apply for the project management trade license attaching the MOA, plan of the business, copies of personnel's passports NOC if any.
7. Office Space Lease: Physical presence in Dubai is a MUST and thus a business address is necessary to apply for a business license.
8. Final Approval & License Issuance: Once all documents have been submitted and reviewed, pay the necessary arrangements as indicated and a project management license will be availed.
9. Register with the state: Execute company registration for taxation purposes, and register with any other relevant bodies if applicable
10. Get a Visa: Finally, prepare the visas that are required for yourself and your workers.
Benefits of having a project management license in Dubai
It is quite beneficial to possess a project management license in Dubai for the following reasons:
1. Availability of a Large Market: The construction market in Dubai is huge with many active infrastructural, real estate, and construction projects hence ideal for any project management business in Dubai establishment. The city is poised to allow the management of massive projects that help in expanding business.
2. Full Ownership of the Business: In most free zones, investors are allowed to have full proprietorship on a business setup in UAE thereby leaving them with more control over the operations and revenues of the firm.
3. Attractive Business Climate: The fact that Dubai allows for the business conditions to be conducive for the entrepreneurs to the extent that one doesn’t have to worry or waste time on the issue of business setup in Dubai since there are not many policies to be followed.
How to scale a project management business in Dubai
Scaling a project management business in Dubai calls for strategic decisions and the benefits of the local environment. Here’s how to scale in a proper way:
1. Broaden Service Portfolio: Extend not only the basic services but also offer specialized project management for industries such as Construction, Information technology and Real estate management. This will bring in diverse customer base as well as additional revenue.
2. Utilize Advanced Software: Put in resources for modernized project management programs and tools so as to enhance the internal processes and get the projects done within the deadlines given. This in turn results in customer satisfaction and its enhancing centrality in the organization results to current customers retaining their loyalties.
3. Networking: in Dubai, reaching out to industry players or your contact stays the game. Get in touch with local construction companies, lettings agencies, procurement firms, and consultancies and use them to widen your business scope.
4. Bring On Board Qualified Staff: As the business expands, it will require on board competent project managers and support staff that will allow the undertaking of more projects as well as more complicated projects.
5. Forwards Marketing: great marketing campaigns are put in place, meaning that the project management business in Dubai will be positioned among the market leaders.
Why work with Flyingcolour business setup?
There are many benefits when it comes to working with Flyingcolour Business Setup for those wishing to setup business in the UAE or Dubai. After more than fifteen years of business, Flyingcolour has a lot of business setup in Dubai, which assists effectively in the legal, licensing, and registration processes. They take care of the technicalities of trying to set up a business so that you can concentrate on the expansion of the company.
Flyingcolour provides you with project developers industry specific solutions and determines which jurisdiction you should operate in—the mainland, free zone, or offshore, meeting your business requirements.
After setup assistance, Flyingcolour also provides visa services and PRO services, which help your project management business in Dubai to operate within the rules. With such clear and affordable cost structures, they are a valuable partner to have since your business is going to be well built.
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