14 Jun How to Get a HR Consultancy License in Dubai?
Globally we are witnessing one of the biggest transformations in workplace culture since the industrial revolution. However, the Middle East has limited resources devoted to workplace culture, helping organisations engage with their employees, drive performance, and develop new ways of thinking about the future of work.
We believe that ‘together’ can meet this need,” says entrepreneur Lucy d’Abo, who, along with entrepreneur Camilla d’Abo, launched a consulting firm, called ‘together.’ The firm will provide services in human capital planning, cultural transformation, internal communications, and people development, among others.
Residents and expatriates alike own several competitive and growing businesses in Dubai. Human resources are essential to fill talent gaps in the organisation. They are also needed to keep employees motivated and promote healthy company culture. So there is a scope for HR consultancy business in Dubai. HR consultants in Dubai can help these businesses identify and hire qualified personnel.
Your HR consultancy setup in Dubai will be generating revenue through its services. So, you must have a professional license. This blog will walk you through how to get an HR consultancy license in Dubai.
What Are the Benefits of an HR Consultancy in Dubai?
You’ll be able to deliver all aspects of human resource management after getting an HR consultancy license in Dubai. Your services may include employee performance management, leadership transformation, and organisation structure design. You can also help companies with employee compensation and benefits.
- According to UAE Human Resource Report 2019 by KPMG, 86% of HR executives in UAE feel the need for workforce transformation. Your HR consultancy can enable such transformation through its services.
- Every company needs human resources. Establishing your HR consulting business in a free zone boosts your chances of attracting more clients.
- You’ll be able to set up your firm in a free zone. Hence, you can have complete ownership of your company. Also, you can get 100% repatriation of profits earned and capital invested.
- You won’t have to pay any taxes once you register your firm. Dubai offers total exemption from any kind of tax.
- Your HR consultancy must have better technology and tools to provide a high-quality service. Dubai is one of the Emirates that is on the way to a technologically powered future. This will boost opportunities to conduct a technologically driven HR consulting business in Dubai.
- Your HR consultancy can benefit from the booming labour market in Dubai. UAE has a well-qualified pool of human capital with a wide range of professional expertise from all around the world.
What Documents Do You Need to Start an HR Consultancy?
You’ll have to submit some documents before you start the process of obtaining a license for your HR consulting business in Dubai. The documents must be valid and correct. This is to avoid any delays in the application process. The following list comprises some of the documents:
- Copies of passports and visas
- Two passport-size photographs
- Entry visa and stamp pages
The experts at Shuraa India can assist you with the complete list of required and supplementary documents that must be submitted to the appropriate authorities. For instance, approvals from the concerned government authorities, depending on the type of business you want to set up in Dubai.
How to Get a Licence for an HR Consultancy in Dubai?
After you’ve settled on your business name, activities, and setup type, you can apply for a license to start an HR consultancy in Dubai. You’ll have to go through the process of obtaining the HR consultancy license in Dubai after arranging the documents. Applying for a license involves only a few steps. The steps given below will help you understand how to apply for the license.
1. Register Your Name
The first and foremost step for getting a license for a company is name registration. For this reason, decide on a name for your HR consultancy business. Any rude or blasphemous words should be avoided. If you’re naming your company after yourself, stay away from well-known corporate names and abbreviations. You should also double-check that the name you want to use is available for registration. After that, register the name of your HR consultancy business with the Shuraa India branch
2. Decide Your Company Structure
Choosing the best company structure for your HR consultancy firm is just as crucial. It is as important as any other business decision. Your firm will be able to run more efficiently and fulfill its goals if you have the correct corporate structure in place. Thus, select a suitable structure for your HR consultancy. The structure could be Sole proprietorship, Limited Liability Company (LLC) of a foreign company or branch office of a foreign company.
3. Choose Your Business Location
Choosing a business location isn’t something you can do on the spur of the moment. But you can choose a business location in Dubai based on the perks and prospects you expect to reap. Consider factors like quick and easy incorporation process, ongoing business support and financial advantages like tax exemptions and zero currency restrictions. You should also consider your budget.
You can choose from the mainland or the free zone. Once you decide on your location, you can then search for a suitable office for your HR Consultancy business based on your budget.
4. Apply for the Licence
Make sure that you apply for the correct license according to the business activities your consultancy will be carrying out. Submit the required documents and pay the license fees to apply for an HR consultancy license. The advisors from Shuraa can help you in the best possible ways to avoid any confusion over the type of license or fees.
5. Get Your Trade Licence
You can obtain your HR consultancy license once you’ve successfully concluded all the steps.
What Is the Cost of Getting an HR Consultancy Licence in Dubai?
The final cost will be determined by a variety of criteria. These criteria include the size of your company, the license you select, the activities you engage in, and more. So providing a precise figure is impossible.
Experts at the Shuraa India branch will assist you in understanding the license prices. They would also ensure that you do not spend more than required.
Start Your HR Consultancy Business With Shuraa
Shuraa India Branch will assist you with the entire process of setting up your HR consulting in Dubai. Not only that, but if your business activity has certain requirements, we can create custom-made business setup packages as well. All you need to do is get in touch with us to get started!