If you want to start an event management company, now is the greatest moment to do so. With Expo 2020 attracting enormous people from all over the world, the event management industry is poised for expansion. In this article, we'll look at how to use an event management license to easily arrange events.
An event management firm is a business opportunity for people who want to work in the planning and administration of corporate and other formal events. The scope of event management includes everything from event preparation and promotion to hotel management.
One of the first and most significant factors to consider when starting an event management company is the licensing requirements. A trade license is a legal document that all entrepreneurs who want to start a business must have. It acts as a legal authorization that allows them to lawfully do business inside the UAE's borders. However, the government has established a list of allowed and non-permissible activities for people who desire to get an event management license and start a firm in this sector.
Activities that are permitted
- Gala events, conventions, award ceremonies, product launches, business conferences, and other business-related economic activities are all organized and put up.
- Hotel reservations for the activities listed in point 1.
- Ticket sales for the events indicated in point 1
Activities that are not permitted
- Import and export of merchandise are examples of general commercial activity.
- The planning and sponsoring of activities that have not been sanctioned by the appropriate authorities.
- Management of the venue
- Conducting civil or building operations such as stage construction, etc.
- Activities for training
The acceptable and non-permissible activities have been established in stone and serve as a reference for individuals who are unfamiliar with their commercial activity's scope. Starting an event business is a worthwhile enterprise to invest in, owing to the minimal initial setup expenses compared to other business setups that specialize in activities other than event management.
Having an event management license allows you to run a business.
Understanding a few guidelines surrounding the basic laws and regulations linked with event management is the next stage in constructing your fantasy event management business set-up once you've acquired your license and are aware of the scope of activities authorized and not allowed with its usage. The following are some of the rules:
- Tickets, websites, posters, and other items related with the event's advertising and dissemination of information must clearly convey broad public information, such as safety recommendations.
- The selling of tickets and event advertising must be regulated by the competent government authority of the emirate in which the event is held. If the event is held in a free zone, however, the applicable free zone authority is in charge of ticket and promotion regulations.
- International standards govern the selling of tickets and the advertising of events outside the UAE.
- The business is liable for refunds and other event-related charges in the event of an event cancellation or withdrawal.
If you follow these rules, you'll be well on your way to starting your own event management company. This line of business has problems about what constitutes an event within its scope, and, as a result, what form of economic activity your company may engage in within the event management sector. You're ready to start your path to build up your business after you comprehend the know-how linked with running a business in this industry.
If you want to start your event management business in Dubai and to gain ecommerce license, click here:
Starting an event management company in the UAE might be intimidating, with licensing requirements and authorized activities, as well as other restrictions that can be difficult to comprehend. Our skilled advisers at SPC Free Zone break down the steps required in starting your own business, allowing you to realize your ambition of establishing a business in the UAE. Start your company now by calling 800 SPC FZ.
Comments
Post a Comment