Around the world, the event industry is booming. The United Arab Emirates, especially Dubai, is regarded as one of the world's events capitals. This industry attracts significant investment to the region, with events and exhibitions at the Dubai World Trade Centre alone expected to contribute USD 3.3 billion to the economy.
Every year, it hosts hundreds of events ranging from international trade fairs and market shows to corporate functions and conferences, attracting millions of tourists from around the world. With Expo 2020 just around the corner, this trend does not seem to be slowing down anytime soon. Dubai expects to receive about 25 million visitors and generate up to USD 23 billion as a result of this case. To handle this large lot, a proper management structure must be in a place that favors bringing top-notch arrangements that will last for at least six months. That's where a company like Event Management Company comes in. Fortunately, if you are aware of all the legal requirements, launching an event management company in Dubai is a piece of cake. If not, a company consultant will assist you in making it simpler.
HOW TO START AN EVENT MANAGEMENT COMPANY IN DUBAI?
Event management companies are those that plan and manage corporate events. They plan ceremonies, parties, product launches, and presentations, as well as seminars and conferences. The first step in starting an event management company in Dubai is to apply for an Event Management License. You will be able to conduct a wide range of activities with the help of this license, including event production, hospitality management, event promotion, and so on. However, there are a few activities that the government does not allow, and you should be aware of them.
Permissible Activities for an Event Management Company
Organize and promote galas, award ceremonies, conventions, product launches, conferences, meetings, seminars, and other business-related events.
Selling tickets for events
Hotel reservations for the event's attendees
Non-Permissible Activities for an Event Management Company
Performing any civil or construction work, such as erecting stages, scaffolding, or exhibition stands, or any other additional construction work
Import and export of products are also part of the trading activities.
Training Activities
Organize and sponsor events without first obtaining permission from the appropriate authorities.
Talent Agency’s Activities
Venue Management
PROCEDURE
The following are the steps to obtaining an event management license in Dubai:
To obtain a license, fill out an application form. Personal and professional information is included on the form. When submitting your license application, you must also list your business activities.
List your business activities in the application and submit them to the Department of Economic Development once you've decided what they are (DED)
If you're starting a business in Dubai, pay attention to the second point. In Dubai free zones, there are different rules for obtaining an event management license. It depends on which free zone you choose.
After you've submitted your application and attached documents, you'll have to wait for DED to respond.
Pay the fees once your application has been approved.
After the approval, you will receive your license in a few days.
KEY POINTS
In the event of an event cancellation, you will be solely responsible for the full refund of your ticket money. You must also enter and secure accurate insurance policies to protect against any charges and refunds in the event of an event cancellation. The Authority has the right to examine the Licensee's activities, files, and affairs at any time.
The sale and promotion of tickets for events held outside of any Free Zone is governed by the proper authorities' guiding principle (i.e. DED, DTCM, or the DM)
The sale and promotion of tickets in other states or countries are governed by the laws, rules, and regulations of the relevant authorities in those states or countries.
Tickets, websites, posters, banners, leaflets, and all other marketing materials should always provide a link to the event manager, as well as any relevant general public information.
DUBAI E-PERMIT
You must obtain an E-permit from Dubai Tourism Commercial Marketing if you want to host an event in Dubai (DTCM). Follow the steps outlined below to register for the event:
Visit e-permit website
Click on register for an account button
Read and accept the General Disclaimer.
Select the Registration Type (Organiser, Venue) and fill in the required fields.
Enter contact information by clicking on Add New button.
Upload the organization trade license.
Apply and note the registration number.
In the event management industry, there is a slew of entrepreneurs eager to jump in and make the most of it. There has never been a better time to get into this lucrative industry. Naturally, your abilities will aid you in climbing the performance ladder in this competitive market.
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