Dubai is a hot business for event management. Expo 2020 is just around the corner and this will lead to an increase in corporate parties and events. Dubai World Trade Centre hosts many events, including consumer shows and international fairs. Each year, millions of visitors from around the world visit Dubai to attend such events. Expo 2020 will host approximately 25 million visitors. Event management license is Dubai’s most sought-after business license.
A license for event management is a professional license. This business is available in Dubai World/Dubai South and Fujairah Creative City.
Dubai’s Event Management Business License: The Advantages
Dubai is home to millions of tourists who visit it for business, events, and exhibitions.
- The cost of event management can be affordable at around AED 10,000-12,000 per registration
- The owners have the flexibility to apply for visas whenever they need them.
- Events management businesses Licensees registered in Free Zone don’t really need office space. However, if you have a business on the mainland, it is necessary to have office space.
- It will be easy for the owner to open a corporate account.
- After Business setup in Dubai, the owner may sponsor dependents.
How to start an event management company in Dubai
First, the business owner must decide what the business is about. This could include conferences, events and product presentations. You can choose the best activity based on your experience.
The businessman must then decide where the company will be located. You can set up the company in either Free Zones or on the mainland. It is a business and the owner has 100% ownership on the mainland. The sponsor can only act as an agent for the company. A permit is required for each venue to be granted an event management business license in Free Zone. In the mainland, the DED is the license-issuing authority. However, in free zones the respective authorities are responsible for issuing the license. The preferred location may differ in the process of registering and licensing.
How to obtain a Dubai event management license
- First, the applicant must fill out the application for the license. This includes personal and professional information. The business activities must also be listed by the owner.
- Second, pick a unique name that is appropriate.
- The third step is for the businessman to submit the DED’s list of business activities. The Free Zone authority takes care of business in Free Zone.
- After approval, the owner must submit the registration and fee.
- The final step is to apply and open a business account.
Activities that are permitted
- Organise, manage, and promote gala events and award ceremonies, conference, meetings, product launches and seminars, and other similar events.
- Organise group hotel reservations for attendees. The booking must be in accordance with the event being organized.
- Promote and sell tickets to events managed by the licensee
Activities that are not permitted
- Construction works, such as scaffolding stands and building stages, are civil/civil.
- Including import and export of goods, trading activities
- Training activities
- Activities of talent agencies
- Management of venues
- You can’t organize or promote events without permission from the appropriate authorities.
Special Conditions
- The rules and laws of each country and Emirates govern the sale and distribution of tickets.
- In the event of cancellation, the licensee will be responsible for refunding any amount paid. To offset the loss resulting from cancellation, the licensee may insure the event. The authority can also inspect the activities at any time.
- The authority does not have to assist the licensee in obtaining permissions from other authorities
- The licensee must inform all employees, entities and technicians of the company about all applicable regulations, laws, and guidelines. The licensee is responsible for the actions and omissions of dependents.
- Prior written approval is required from the relevant authorities before Festival can be used.
- Before using intellectual property, information, or documents from third parties, the licensee must enter into an agreement.
- All marketing materials, including posters, banners and leaflets, should contain relevant information, such as tickets, websites, flyers, banners, leaflets, etc.
Conclusion
Event management is a promising business. This market is attracting many entrepreneurs to capitalize on it. It is important to choose the right area for your business. This business will succeed if it has the right management skills, talent, and an innovative approach to events.
