Financial Consultancy license in Dubai offers a wide range of services to businesses ranging from small firms to global firms. It includes budgeting, fundraising, debt management, and financial advising. Financial consultants help in planning accurate business strategies. The financial consultant is an important component of the business.
Financial Consultancy License in Dubai:
In order to obtain a license in Dubai, the financial consultant requires certification and special approval from the Security Commodity Authority (SCA). The consultancy firm also has to abide by the rules and regulations of the Department of Economic Development (DED), Ministry of Economy, etc. The company shall commence its business activities after obtaining a suitable license from the Security Commodity Authority (SCA)
Regulations and License:
The Department of Economic Development (DED) describes the activity as follows:
- Financial Analysis and Consultancy
- Activity Group: Exchange and Financial Services
- LicenseType: Professional
- Activity Description: It includes the company engaged in providing services to the clients based on financial analysis, forecasting, and predictions, assessment of securities and commodities, etc.
Factors to be considered for obtaining the financial consultancy license:
- The demand for the company’s services
- Current and prospective competitors
- Level of competition
- Market share of the competitors
- Target market
Why every entrepreneur/businessman needs a hire a consultant in Dubai?
- For expert guidance:
To start a business in Dubai you need to have knowledge about the market and the economy. A qualified consultant will guide you through the whole process of business setup. The expert who has in-depth knowledge on how to start a business in Dubai, who is updated about the market changes, has real-time knowledge about the industry, business rules, and regulations.
- To assist with company registration and help you find the right location:
A consultant can give you expert advice on where can you start your business. Whether it can be an Offshore company, Mainland or a Free Zone business, a consultant can provide excellent advice on which is the best-suited location for your type of business and to go about starting the process.
- To save time, money, and effort:
A business consultant who is well versed in setting up a business in the UAE will ensure that your business complies with the financial and legal requirements of the country. This will save you time and the hassle of doing a rigorous amount of paperwork. The consultant will also assist you in providing various options suitable for your type of business activity, and will mitigate unnecessary risks and make a well-informed decision.
- To decide on the right business activity:
Every business is classified by the Department of Economic Development (DED) depending on the activity in the UAE. The classification requires permission and license. A consultant will not only assist you in choosing the right type of business activity but also help you with the legal formalities.
Set up your financial consultancy in Dubai with MSZ Consultancy!
Clearly, hiring a consultant is the right choice for every entrepreneur who is willing to start a financial consultancy in Dubai. The experts not only make it easy to set up a business but also makes it cost-effective.
MSZ Consultancy is an experienced business consultant in Dubai. We will help you incorporate your company in Dubai and anywhere else in the UAE. Get in touch with our team of experts today!
Find out how much it cost you to setup your Dream Business
Other Recent Blogs
Dubai is known as a city of opportunities and is the commercial hub of the United Arab Emirates (UAE), transforming itself from an oil-dependent to one of the leading and economic innovation hubs in the world. Due to its flexible business setup governemnt policies and...
The gold industry in Dubai has been thriving since the 1940s due to its free trade policies which have encouraged traders from all over the world. Gold trading is one of the leading imports in Dubai. If you are an entrepreneur who is willing to start a gold trading...
Dubai is amongst the world’s famous destinations for business which is preferred by entrepreneurs. Due to its world-class infrastructure, global strategic location, attractive taxation benefits it is one of the best places for doing business in Dubai. There are many...
Dubai is a prominent business destination for global investors and business professionals. From manufacturing to selling, Dubai is one of the most profitable countries. The textile industry is booming and growing rapidly along with massive employee opportunities. If...
A trademark is a symbol, word, or logo that is registered legally through their use represents a brand or an enterprise. Trademark registration protects the logo and the brand name of your company. Trademarks are intellectual property rights governed and protected by...
There is a massive increase in businesses in the UAE. With the ever-changing rules and regulations, there is a huge demand for a law firm in Dubai. Due to its liberal business environment, taxation benefits, and world-class infrastructure, Dubai is considered a...
Subscribe to Our Newsletter
We’ll keep you updated on the latest trends and news
Request a call back
Would you like to speak to one of our business advisers over the phone? Just submit your details and we’ll be in touch shortly. You can also email us if you would prefer.