How to Start a Business in Dubai?
Choosing an experienced business consultant to set up a business in Dubai helps as these experts can help the investor avoid going through the hassles of the company formation process. The best part of hiring experts like Absher Business Consultancy is that they have experience in diverse industries that ensures they develop and manage the business in any sector and size.
Role of Business Consultancy in starting a Business
Business consultants play a crucial role in business setup in Dubai as they bring the following expertise to the table for their clients.
Awareness of country laws
One of the crucial tasks for setting up a business is to ensure that the native laws of the Emirate, like Dubai, are followed. Adhering to them will ensure that there is no violation in compliance with the rules and regulations set by the various ministries and local authorities, including DED.
- Obtaining a Business license and Registration procedure
Company registrations vary in the free zones and mainland UAE and obtaining business licenses have its requirements and application procedure. Business consultants can guide the type of company formation depending on the business activity and act on behalf of the client to submit the correct application to the relevant authorities. There are also other legal formalities that company formation needs to undergo. Only a local consultant in Dubai can help deal with any risk concerned in legal matters.
- Cost-Benefit analysis
Entrepreneurs will require assistance in planning estimated business costs when setting up a new business in Dubai. Apart from this, business consultants help plan and promote the company setup, including go to market strategy. They are also well versed in the taxation policies of the UAE government. A free zone company is exempted from corporate and personal taxes with 100 % repatriation for certain business activities, which only a consultant can guide. The costs required for a mainland business setup in Dubai can be huge if not directed properly. It may include something as simple as obtaining visas for employees, liquidity, support services, and other operating expenses, including licenses and other regulatory approvals.
- Business expertise
The consultants have a solid experience in different types of industries. They can help make business plans and present market trends, industry practices, and strategies to beat the competition.
Navigating different business Jurisdictions
In UAE, including Dubai, has various options like Free Zone, Mainland, and Offshore. For example, for a free zone company formation in Dubai, the entrepreneur will have to apply to Free Zone Authority (FZA). This body handles activities related to a Free Zone company, such as approving business operations and issuing licenses. The Commercial laws that apply to Mainland companies do not apply here. Getting a Free zone business license requires applying for the approved business activity, handling documentation applications, getting approval from authorities, arranging employee visas, opening bank accounts, and selecting office and business space for operations.
- Providing PRO Services
Proper documentation and correction application procedures must get approval to start a business. The importance of a Government Liaison Officer is crucial for a new investor in UAE. They are known as Public Relations Officers or PRO and are responsible for processing the documentation such as company Licenses, Visa applications, and other relevant official work. A local Business consultant like Absher consultancy can offer the best pro services in Dubai to their clients.
It is crucial for any start-up anywhere to understand the intricacies of the market they want to enter. Many new business setups get off on the wrong foot by acting on incorrect information. Here, one needs the services of a business consultancy like Absher Business Consultancy, which can assist in company formation in Dubai.
