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!