The United Arab Emirates has a diversified economy with global connections that make it a popular business hub. International investors look for an opportunity to launch their venture in that developed country. This is also because the chances of business growth in the UAE get higher each day. So, if you have any plans for business formation, it is best to speak to business setup consultants in UAE who can be a real-time guide for your business career.
Business setup consultants help you carry out all legal activities and assist you from start to finish of the business formation process. In short, they provide a one-stop solution for business setup in UAE.
Reasons to hire business setup consultants in UAE
There are several reasons why a startup needs to work with business consultants. First, business owner cannot risk their valuable time and resources in analyzing their potential competitors in the market. Besides, certain other skills are not easy to find within the company. Hence, business setup consultants in UAE bring in the requisite expertise and the range of skills required for the establishment and growth of the business.
Let’s have a look at the benefits of appointing professional experts for business setup in UAE.
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Help with Market research
The business setup consultants have extensive expertise in the specific marketplaces within as well as outside the UAE. since they have worked with multiple industries, they are well versed with the ins and outs of market trends. Moreover, they also do in-depth research on the market you want to enter, which will further help in analyzing the market dynamics.
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Unbiased and expert opinion
Business Setup consultants are well competent with the skills and knowledge required for company formation in the UAE. Besides, they are not committed to a particular firm. Therefore, their opinions and ideas are all unbiased and transparent. They are dedicated to spending their energy and time in setting up a business on the behalf of the owner and also get it run in profit as well. Consultants always have a fresh eye in addressing a minor yet critical issue that might impact the company’s future.
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Management advice
Most of the entrepreneurs who set out chasing their dreams in business world are mostly young, college freshers. Hence, they can’t possess the requisite managerial experience to move the venture towards the correct path. The business setup consultants in UAE, with their industry experience, can provide management advice to such fresh minds based on their expertise. They can share insights on every possible field such as management, license, finances, strategy, marketing etc.
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Knowledge about various locations and jurisdictions
There are basically three types of zones where an investor can launch their business – Mainland, Freezone, and Offshore. All these zones belong to different regions and even the cost of company formation varies according to the region. In addition, the laws, the legal processes, and the registration processes are also different in different regions. Business setup consultants are well-updated and familiar with all these essentials and can even guide you with the best-suited zone for the business.
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Helpful in finding a business partner
If any businessmen want to set up a mainland company, they need to find a local sponsor which is again a stressful task. The crucial part is to find a reliable partner in the UAE who will hold a 51% share of the company. Since it is a law imposed by the government, the business owner must choose someone who can be trustworthy and honest to the company. No one than business setup consultants in UAE can do this job better.
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Beneficial for start-ups and SMEs
UAE is a business destination that welcomes all kinds of businesses, be it small start-up firms, large enterprises, or branch offices of existing companies. However, many firms, especially startups & SMEs face some problems at their initial stage of establishment. This can be challenging for them for further operations as well. Nonetheless, hiring a business setup consultant can be a fruitful idea as they can offer the company all the productive ideas and advice that too with a customized budget plan.
You may like it: Which is the Best Cheapest Free zone to Company Setup in the UAE?
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Familiar with legal formalities
Registering a business and applying for a business license involves a lot of legal formalities which are often tiring for the business owner to complete. There are basic, yet several steps involved in a single procedure. Business service providers are well-aware and connected with all these processes and can get all the legal documentation & paperwork done without any hassle.
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Business marketing
The best way to build a business and expand its reach is to create an effective marketing system. Apart from the company owner and the employees, business setup consultants also contribute to brand marketing by promoting and advertising the company’s products and services. They also market the business within their connections which helps in developing brand image and bringing in more clients.
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Cost-effective and time-saving
It’s natural and indeed obvious when you get into so many unknowns, you tend to spend a lot in terms of money as well as time. These are the funadamental essence that is required for the growth and development of the business. However, if you consult an experienced advisor, they can suggest cheaper ways to start a business in the UAE. Furthermore, their constant assistance in all the professional matters of your company can save you time and considerably reduce your growing budget as well.
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Building business connections
When you plan to launch a new business, it is understandable that its growth and expansion at the initial stage would be at a slower pace. Moreover, building corporate relationships and connections at that stage also takes time. In fact, in some cases, government agencies, banks, and insurance companies demand third-party guarantees to show confidence in you. Hence, reaching out to the right people and earning their trust is very important to fill this gap. This may not happen overnight, but with the support of business consultants, you can make powerful contacts within and outside your industry.
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Eliminates language barrier
Language is the backbone of communication. And when you plan to start your business in an Arab land where the language is different than yours, an indistinct barrier appears. In the case of the UAE business environment, businesses require ethereal assistance with the language. A business formation expert can save you from this situation by interacting with the local authorities and also translating the documents into the desired language if required.
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Recruitment services
There might be several indirect problems that a company might have to face while recruiting from other countries. A qualified consultant can introduce you to the hiring process, and also save you from such unforeseen difficulties.
Other significant advantages of appointing a business consultant:
- Helpful in understanding the UAE business structure
- Investors can focus on their core competencies
- Hassle-free business registration
- Smooth Trademark Registration Process
Roles and responsibilities of business setup consultants in UAE
- Choosing the right jurisdiction/location for the company
- Selecting a suitable business activity as well as the legal structure
- Mainland/Freezone company registration
- PRO and immigration services
- Regulations compliance services for business operations
- Finding the ideal office premises
- Obtaining clearances and approvals
- Business support services
- Registration and licensing
- Company liquidation
To sum up, Business setup Consultants in UAE form an integral part of the business setup ecosystem in the region. They possess a wealth of experience to guide you through the process of forming a new business.
To know more about the process of business setup in UAE, talk to our expert business consultants right away! Call at +97144081900 or send a WhatsApp message at +971507775554. You can also write to our team at [email protected].