If you love sports and want to turn it into a management career, then sports management is a field that can cover everything from the front office in professional sports to sports marketing, events, equipment management and sports finance. The sports market in the Middle East is doing well. A recent study found that the sports market in our region should grow by 8.7% in the next five years, unlike in the rest of the world. With events like the Formula 1 Grand Prix, UFC Combat Championship, Duty-Free Tennis Championships and more, sports management seems to be a strong contender if you are considering starting a business in Dubai.
The Advantages of Starting a Sports Management Company in Dubai
There are several advantages to starting a sports management company in Dubai. They include:
- You can work flexibly: you can choose the clients/athletes/events you participate in, as well as a combination of personal and online work.
- You can bring variety to your work: With so many popular sports in Dubai and so many different events, you ensure enough variety to make your professional life interesting.
- Growth opportunities: With Dubai’s vibrant sports industry, there is likely to be an increased demand for management services for those with the right skills.
- Start small – or start big: No matter what size you start with, you can grow to the capacity that’s right for you.
Cost of Starting a Sports Management Company in Dubai
The cost of starting a business in Dubai depends on the business you choose, the size of the business and the location you are in. Roughly, you can expect a free zone arrangement of around AED 20,000 – AED 25,000 for licenses and visas. Keep in mind that there will be additional costs if you require special qualifications or accreditation for a particular aspect of sports management you are involved in.
At this point, it’s a good idea to talk to a professional business consultant company in Dubai, which has current prices and can put together a package that meets your needs and provides the right offer for you.
Basic Steps to Open a Sports Management Company in Dubai
If you want to start your own sports management business in Dubai, there are a few steps you need to follow. Let’s separate them:
Decide Your Business Activity
The job you choose must be appropriate for the business you will be doing. So that everything is clear and compatible here, it is worth using the services of specialists for setting up a company. This is not an area where you want to go wrong as it can cause serious problems if you perform activities without permission even if you don’t know it. It is important to note that any activity you undertake within your sports management company must be identified for proper licensing.
Choose a Company Name
The UAE is quite strict when it comes to naming companies so it is important to know the regulations. You should avoid any language that could be considered offensive or blasphemous. You should avoid any name that already belongs to a well-known organization. When naming your business after your name, be careful not to abbreviate your name. So Sammy Johnson’s Sports Management is fine, but S. Johnson’s Sports Management isn’t. Of course, you also need to make sure that the company name you choose is still available for registration.
Choose Free Zone of Mainland Setup
The next decision to be made is whether to settle on the mainland or in one of the UAE’s free zones. Setting up free zones is very popular and often very cheap – but if you go this route, you will need to take some additional steps (e.g. markets. Just by setting continents, you can trade in the UAE market without any additional steps.
Here, a business start-up specialist can advise you on the best options for the company of your choice.
Which Documents You Need to Start a Sports Company in Dubai
Regardless of whether you submit your application yourself or through a business start-up, just a few details and some basic paperwork are usually required, including:
- Completed application form
- Passport copy of the proposed business owner/s
- Two-colour passport size photos.
The application process is also fast as all company documents can usually be issued within a week.
Working with a Professional Business Consultant Company
So this is the most important point about the Dubai sports management license. It’s very simple and you have to work fast.
If you are starting a new business or even looking to work as a freelancer, you can rest assured that the professional business consulting firm will keep you updated and updated with the people who do it every day.
While the setup process can be a bit stressful, you can speed things up by working with a business furnishing specialist in Dubai. This is the fastest way to set up in the United Arab Emirates so they can handle all the details and ensure your application is error-free.