Starting an accounting and financial consulting firm in Dubai involves several key steps and requirements. First, you must select the appropriate business structure, typically as a Limited Liability Company (LLC) or as a Free Zone company, depending on your goals and client base. Each structure has unique benefits: Free Zone companies offer 100% foreign ownership and tax exemptions, while mainland LLCs allow for local market access.
Next, apply for the necessary licenses. In Dubai, accounting and consulting firms require a professional services license, obtained through the Department of Economic Development (DED) or relevant Free Zone authority. You may also need additional approvals from financial regulatory bodies, especially if offering advisory services.
Once licensed, fulfill office space requirements. A physical office is mandatory for most consulting firms, ensuring a legitimate business address.
Hiring qualified staff is crucial, as Dubai’s regulations require consultants to have relevant experience and certifications (such as CPA or ACCA) to provide financial advice. Lastly, ensure compliance with UAE laws on data protection and accounting standards to avoid penalties.
At BDJ Consult, we guide businesses through these steps, offering comprehensive support to streamline the setup process and ensure regulatory compliance for a successful launch in Dubai’s competitive market.
