Event management plays a vital role in the building of an economy. Dubai is the city of events and lights. Dubai, the capital of tall contrasting structures, buildings, and heritage, describes the tale of its rich culture. Dubai is one of the essential emirates for the development of the event industry in the Middle East. Over the last decade, the event management industry is at its peak.
Dubai is heaven for booming entrepreneurs and investors. In the year 2017 Dubai World Trade centre has conducted events which alone increased the nation’s economy by 3 per cent. The events held at the Dubai World Trade Centre (DWTC) accounted for AED 12.7 million.
Dubai has one of the most strategic locations, which is ideal to trade or generate business. With its global popularity, it has become the most visited tourist spots in the world. There are many beautiful destinations and cultural places to visit in Dubai. There 25 million tourists to visit Dubai in the coming year 2021. These give the budding business planners a significant opportunity to set up an event management company. Dubai hosts around Hundreds of events from corporate to consumer shows and many other international trade fairs.
Event Management Business in Dubai
The event management sector in Dubai has one of the highest growing economy rates. This sector brings a massive investment to the country. With Expo 2020 around the corner, Dubai is witnessing a tremendous growth in the event management sector. Dubai is also called as one of the event capitals of the world, so setting up an event management business in Dubai is most profitable. For all the functioning of events during the coming years, Dubai government is looking for more number of these events management companies. This is the most striking opportunity for all emerging investors to invest in the event management sector.
Upcoming Major Events in Dubai
- Expo 2020.
- Dubai Tennis Championship.
- Dubai World Cup.
- Dubai International Film Festival.
- World Dubai Art.
- Seminars and conferences in DWTC.
Above mentioned are some of the significant events that are organised in the coming years. The Expo2020 is an eye candy out of all the events. It includes various live performances, cultural events, art exhibitions, Dubai night-life, global cultural celebrations, health and food seminars, tech seminars.
Know-how’s of Event Management Companies in Dubai
Starting an event management company in Dubai does not require a lot of legalities. It is an industry which has no downfall, so if you are looking for a business set up in Dubai, the event management industry is the best answer to all your confusions. Event management companies are set up to organize events, conferences, seminars, ceremonies, product launches, workshops and presentations. There are restrictions on events that are included while establishing an event management company. The government has set up a list as to what can be included and what can be excluded under an Event Management company.
Activities Included under Event Management Company
- Organising gala events.
- Award ceremonies.
- Seminars and conferences.
- Tech conventions.
- Other conventions
- Product launch.
- Selling of tickets for the events organised
- Hotels to be reserved for attendees of the events.
Above mentioned are the list of activities that can include in the event management business. These activities can be carried out after the permission of the concerned authorities.
Activities Exempted under the Event Management Company
- Trading activities
- Import and export activities
- Talent agency’s events
- Training activities
- No civil or construction activity can be carried out
- No events which lack the permission of authority should be carried out.
Above mentioned are some of the activities that can exclude from the event management business.
Importance of Event Management License
When starting an event management company, the first and the most important thing to do is to obtain a license. Event management license should be taken from the concerned authority. This license gives you the authority to carry out the business activities in Dubai legally. This license is the approval by the Department of Economic Development (DED) and Dubai Tourism Commercial Market (DTCM). For obtaining the license, all the procedure must be followed carefully, and within no time, it can grant you the license. If you follow all the legal steps and process with due diligence the obtaining the license and setting up your event management company is a piece of cake.
Event management companies are booming in Dubai. Even though this set up might seem easy and straightforward, but it can be quite complicated so, if you are interested in setting up your business in this sector, then we are here to help. Our advisors at commitbiz are just a click away to help you set up your business or to obtain your Event Management license. If there is an issue or if you need any advice, contact us- we are glad to help.