Launching a company in Dubai takes time, patience, and capital. However, the cost of establishing a company depends on the nature of the business and the designated zone. As we all know, Dubai is one of the world's thriving business hubs, welcoming entrepreneurs from every corner of the globe.
Considering these factors, embarking on your entrepreneurial journey in the event management field is a good idea. As the economic growth projection of the UAE is between 3 and 5% in 2025, it is indeed a good time to sail your boat in the deep ocean of business opportunities.
Several business sectors are poised for growth and have a promising outlook for the years to come. And all of these, the management company is set to boost the market with its heavy demand in Dubai.
With rising revenues and the industry's continuous growth, this market is going to expand. The sector encompasses creating, planning, and organising events, as well as activities for occasions such as birthday celebrations, weddings, corporate events, exhibitions, and product promotions.
The emergence of this industry in the global business scenario has always been of great interest to investors and business experts. Meanwhile, Dubai organises numerous record-breaking events, much to the delight of social media.
If you have exceptional organisational capabilities, a reasonable degree, and great enthusiasm, then launching an event management company in Dubai would be a good fit. It is an excellent industry, full of potential for those who understand its formalities.
- Reasonable Startup Expenses
The larger picture of exceptional start-up ideas includes the event management industry. You can hire contract workers whenever needed, so it will not be imperative to open office space for them immediately. Another advantage is that in many business fields, you are likely to carry a bulky inventory. Planning large events requires time, patience, and effective coordination.
- More Income Opportunities
Dubai consistently hosts large-scale events, whether it's film festivals or corporate gatherings. Due to the deserved fame associated with the high success rate of entrepreneurs, investors from all parts of the world are flocking to the region to launch new ventures.
- Strategic Location
Dubai is situated in one of the most strategically important locations in the Middle East. It boasts a superb location for trading across several continents and is conveniently close to numerous key commercial hubs. Additionally, from the city, one can enjoy a lively port that facilitates importing and exporting.
- Low Risk
An event management company can be as small or as large as one wants it to be. It is also in those almost zero-investment opportunities that one would like to start a business.
- Recurring Business
Any company that wants to succeed in its field must maintain strong relationships with its customers. Satisfied customers are likely to refer others to you, further growing your business through word-of-mouth advertising. Another simple way of guaranteeing recurring business is through corporate accounts.
- Evolving Industry
Being an event organiser is always a good move, as it is a growing profession with a high and steady growth rate. Dubai is home to numerous high-class events, which require the best event coordinators. And that takes a lot more coordination and teamwork from everyone associated to perform at this level.
Steps to Set Up an Event Management Business in Dubai
Getting an event management business is a big step! Luckily, they have made the licensure application process very easy to complete. Still, one must be careful to assemble the required documentation before applying. To assist you, we have listed a series of steps you need to follow to establish your new business:
- Choose the type of business event & activity.
- Choose the location- Free zone or Mainland.
- Prepare necessary documents, eg, Passport, Visa, Emirates ID, NOC, MOA, Certificate of Incumbency, etc.
- Apply for a bank account.
Planning to start your own event management company in Dubai, but don’t know how to start? Don’t worry, Markai Corporate Services has got you covered. We assist you at every stage of business setup and help you identify the right opportunities in Dubai's dynamic market.
