A Definite Guide for Starting Event Management Company in Freezone Dubai

Dubai is viewed as one of the top event capitals. Events such as World Trade Centre Fest as well as exhibitions are assessed to provide billions of USD to the economy. It implies the availability of opportunities as well as possibilities of success for the event management companies. However, event management company registration in Dubai involves research, consultation, planning as well as arrangement.

Steps To Set-up an Event Management Company

Be it a conference, sporting event, university event, meeting, business event, or galas, every event requires proper arrangement for being successful. In Dubai, the event management industry is flourishing at an implausible pace. As this industry continues to thrive, it is proposing numerous openings to foreign investors.

However, most of the individuals are unsure about where to start for Freezone business setup in Dubai. It is important to note that opening an event planning company in Dubai is simple as well as timely. Before you step into this field, it is crucial to learn about the key elements

• Decide the Services You Wish to Sell

The service means something intangible such as party planning, wedding planning, or conducting conferences, meetings, etc. Therefore, before Freezone company formation in UAE, you need to choose the services in which you possess experience. Consider choosing the services which could generate maximum revenue for you.

• Select the Location You Wish to Perform the Business

In Dubai, several free zones are hubs to the event management companies. When you open an event management company in freezone, you would get 100% ownership of the company. However, it is worth noting that there would be certain limitations on where you could conduct exhibitions as well as events.

To open company in Dubai Freezone, you would need to submit an application form with essential documents to the relevant free zone authority. You would also need to apply for a permit from each venue that you work with. Understand, you are not permitted to conduct the events in public places like parks or beaches.

• Do Market Research

The market means the target audience. In case your target audience is not much interested in the kind of events your company organises or the services you offer, you would not get the customers. Therefore, for your Freezone company formation in UAE consider understanding the target audience as well as their demands from the event.

• Make a Business Plan

A business plan is a document that outlines the objectives of the business, financial forecasts as well as strategies for marketing and sales. It is crucial to develop aims as well as intentions to build an event management company. It includes marketing and financial planning and the vision as well as mission statements.

Along with this, include additional points inside the business plan such as SWOT Analysis financial plan, marketing plan, etc. In your business plan, ensure you include the staffing requirements and their skill sets, ways to find clients, and estimated capital requirements for the year.

• Investment & Funding

Before you start the procedure of Freezone business setup in Dubai, it is crucial to have a plan about investments and funding you would be making. In case you are planning for investment, prepare a list of the available options. Ensure the plan includes the interest rates as well as repayment terms.

• Register the Business

For your event management company registration in Dubai, you would need to fill the application form to get the license. To get the required permit, you would need to provide both personal as well as professional information to the authorities. For opening the business in Freezone, you would need to submit the required documents to the concerned free zone authority.

Once you get the initial approval from the concerned authority, you would need to pay the fee. After getting the final approval, you would get the license in a few days. For registering your event management company, you could fill an online form easily that too in less than 30 minutes.

• Promote the Company & Brand Identity

For the promotion of the event management company in Dubai, there is a need for a corporate identity. Corporate identity is for showing people what services the company would offer. After finalising the name of your event management company, you need to make the logo. Doing so would attract more people. Along with this, it is crucial to create a website, proposals, business cards, and much more. Remember, these aspects are critical to promoting any kind of business.

It is worth noting that several event management companies have thrived. In case you are aware of legal formalities, it is easy to open company in Dubai that provides event management services. Moreover, applying for a license is a straightforward process. However, in case you have a doubt with any step of the procedure, there are chances of incorrect application as well as subsequent uncertainties. For making things simple, consider seeking assistance from a reputed and experienced business consultant.