Start a Financial Consultancy in Dubai : A Complete Guide in 2024-25

The UAE, particularly Dubai, has emerged as a top destination for investors looking to set up businesses. One of the fastest-growing sectors is financial consultancy. With the surge of new businesses being established in Dubai, there is an increased demand for professional financial advisory services. Many companies seek expert assistance to streamline operations and improve financial management, making financial consultancy a highly sought-after service.

If you’re looking to start your own financial consultancy business in Dubai, this guide will walk you through the steps to obtain a financial consultancy license in a Dubai free zone.

Benefits of Starting a Financial Consultancy in a Dubai Free Zone

• 100% Foreign Ownership: Full control of your business with no need for a local partner.
• Complete Profit Repatriation: Freely transfer all profits back to your home country.
• Strategic Location: Dubai’s global connectivity makes it an ideal hub for financial services.
• Range of Business Activities: Conduct multiple financial consulting activities under one license.
• Efficient Setup Process: Minimal paperwork and fast company registration.
• No Currency Restrictions: Operate in various currencies without restrictions.

Financial Consultancy 101: What Services Are Provided?

Financial consultancy services are offered by certified financial consultants to individuals, corporations, and even government agencies. These services include expertise in:

• Accounting
• Debt Management
• Insurance
• Fundraising
• Investment Consulting

Companies and individuals in Dubai frequently seek financial consultancy for investment portfolio management, financial statement analysis, and feasibility studies, among other services.

Permitted Activities Under a Financial Consultancy License

With a Dubai financial consultancy license, you are permitted to provide the following services:

• Analysis of financial statements and performance
• Market research and trend analysis
• Feasibility studies for business ventures
• Consulting on securities, commodities, and related contracts
• Investment portfolio modeling and management
• Investment consulting services

Cost of a Financial Consultancy License in Dubai

The cost of obtaining a financial consultancy license in a Dubai free zone is approximately AED 17,000*, including visa services. This makes it an affordable option for entrepreneurs seeking to establish a financial consultancy in Dubai.

Step-by-Step Guide to Starting a Financial Consultancy in Dubai Free Zone

1. Choose a Suitable Free Zone

The first step is selecting the most appropriate free zone for your business needs. Dubai offers numerous free zones, each with its own benefits and specific activities allowed under the license.

2. Submit Application and Documents

Once you’ve chosen the free zone, you need to submit your application and the required documents. At this stage, finalize the location where your company will operate.

3. Process Visa Application

After submitting your documents, begin the visa application process. Depending on the chosen free zone, you may also sponsor dependents during this stage. Each free zone has its visa eligibility rules, and additional charges may apply if you exceed the visa limit.

4. Open a Corporate Bank Account

Having a free zone bank account is crucial for managing your business’s finances. It simplifies tracking expenses, calculating tax liabilities, and managing cash flow. A corporate account is essential to maintain smooth and professional business operations.

Required Documents to Start a Financial Consultancy in Dubai Free Zone

To start your financial consultancy business, you will need the following documents:

• Copy of investor’s passport
• Visa copy
• Two passport-sized photos
• Business plan

Depending on the chosen free zone, additional documents may be required.

Partner with Shuraa to Set Up Your Financial Consultancy

Setting up a business in a Dubai free zone is a popular choice among foreign investors due to the many benefits offered. With over 23+ years of experience, Shuraa Business Setup has helped investors worldwide establish their businesses in the UAE. We ensure that the process is smooth, efficient, and hassle-free.

Contact Shuraa’s free zone business experts today to learn more about setting up a financial consultancy company in Dubai.