How to start a Project Management business with Meydan Free Zone? 

Harsh Drolia

Harsh Drolia

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Dubai is experiencing an unprecedented surge of opportunity in the corporate sector, attracting a multitude of ambitious entrepreneurs and savvy investors eager to capitalize on this flourishing market. For those aspiring to provide Project Management Services in this dynamic environment, it is crucial to obtain a business license – the mandatory legal prerequisite for commencing operations. In its stead, Meydan Free Zone offers the most streamlined and expeditious means of securing a business license for your Project Management company.

Project management companies in Dubai work with a variety of clients, ranging from small businesses and startups to large corporations and government agencies. With a Project Management license, you can involve in various projects, such as infrastructure projects, product development initiatives, event planning, and organizational change initiatives.

To operate as a Project Management company in Dubai, firms must obtain a Professional License from Meydan Free Zone. This license enables you to provide project management services to clients in the UAE legally. Below are the Project Management related activities you can choose with Meydan Free Zone.

7020.13 – Project Management Services

Apply for a business license under Activities of Head Offices; Management Consultancy Activities, and choose Project Management Services with activity code 7020.13.

Project Management is a specialized service that oversees and directs a project’s processes from inception to completion. With your Project Management Services license, you can conduct a multitude of activities, including planning, organizing, motivating, and controlling resources and procedures to accomplish all the project’s goals. Managing budgets, resources, and relationships effectively to achieve organizational goals, as well as planning and establishing schedules to ensure the punctual completion of projects, are some examples.

A Project Management Services license allows you to manage your clients’ budgets as well. For instance, project managers can allocate resources and monitor expenses throughout the project’s lifecycle to ensure the project is completed within the allocated budget.

Resource management is another service you can provide with your Project Management license. In this regard, project managers can determine what resources, including human resources, technology, and equipment, are required to complete the project.

Providing relationship management services to stakeholders, both internal and external, is another service you can provide as a Project Management firm. This includes maintaining effective communication channels with all stakeholders, addressing their concerns, and meeting their expectations.

With your project management license, you can also plan and set schedules. For example, you can create specific schedules and timelines that outline the various stages and milestones of the project. This helps to ensure that the project is completed within the set timeframe and that all parties involved are aware of the project’s progress and status.

Inclusions:

Under a Project Management services license, businesses and organizations have access to a wide range of consulting services that can provide advice, guidance, and operational assistance on a variety of management issues. These services include strategic and organizational planning, financial decision-making, marketing objectives and policies, human resource policies and planning, and production scheduling and control planning.

Your Project Management company can provide services to businesses and public services regarding public relations and communication, lobbying activities, and the design of accounting methods or procedures. Additionally, cost accounting programs, budgetary control procedures, advice, and help to businesses and public services in planning, organization, efficiency, and control can be provided. Furthermore, management information can be offered to businesses and organizations to help make informed decisions and improve overall efficiency.

Exclusions:

As a Project Management Service company, you cannot practice Projects Management Engineering & Feasibility Studies Services. This restriction also applies to companies that conduct preliminary technical and economic studies for construction projects or other commercial and economic establishments. It is also not possible to prepare tender documents, prequalification of consultants and contractors, assessment of financial offers, and follow-up on execution on the technical and engineering levels.

This activity also excludes the design of computer software for accounting systems, legal advice and representation, accounting, bookkeeping and auditing activities, tax consulting, architectural, engineering and other technical advisory activities, advertising activities, market research and public opinion polling, executive placement or search consulting services, and educational consulting activities.

Third-Party Approvals:

There is no need to obtain permission from third parties to engage in this activity.

7020.83 Project Development Consultant

Apply for a business license under Activities of Head Offices; Management Consultancy Activities, and choose Project Development Consultant with activity code 7020.83.

As a Project Development Consultant in Dubai, you can guide and support real estate investment companies, businesses, and other organizations involved in diverse projects. You can specialize in providing studies and consultancies, including defining development opportunities strategies, economic feasibility and marketing, revising development requirements and obstacles, and supervising execution progress. You can also help clients plan, design, and implement projects of all kinds, from infrastructure development and construction to technology implementation and business process optimization.

You should preferably have a background in engineering, construction management, business administration, or another related field to work as a Project Development Consultant. You can use your expertise and experience to assist clients with project planning, risk assessment, cost estimation, scheduling, and other aspects of project development.

Inclusions: 

This activity includes firms specialized in providing studies and consultancies on developing the projects carried out by real estate investment companies and others, including defining development opportunities strategies, economic feasibility and marketing, revising development requirements and obstacles, and supervising execution progress.

Exclusions:

A Project Development Consultant license does not allow you to create accounting software, provide legal representation or advice, perform accounting, auditing or bookkeeping tasks, offer tax advice, provide architectural or engineering advice, conduct advertising campaigns, conduct market research or public opinion polls, perform an executive search or placement services, or provide consulting services for educational purposes.

For example, if your project involves developing a mobile application for a transportation company. In any case, the activity does not cover computer software design for accounting systems.

Your Project Development Consultant firm can offer services for business management and growth. However, you cannot provide legal advice or representation, tax consulting, or accounting services.

Suppose a project requires architectural and engineering expertise to construct a new office building; you can’t provide technical advisory activities.

Third-Party Approvals:

This activity does not require permission from third parties.

ESR

Project Management Services or Project Development Consultants don’t need to comply with regulatory requirements like UBOs or ESRs.

AML

The UAE does not regulate Anti-Money Laundering (AML) for Project Management Services or Project Development Consultants.

Why apply for your Project Management business license with Meydan Free Zone?

  • Guaranteed bank account.
  • Business license recognised by MoFA and Dubai Chamber of Commerce
  • Open an online shop and choose from over 30 plus marketplaces.
  • Apply for unlimited visas.
  • Access our clearing, forwarding, shipping, storage and warehouse facilities.
  • Apply for your import/export code directly with Meydan Free Zone.

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