The Gulf land provides an immense pool of opportunities to dive into. Many people are in the surge to set up their business here. But as we are well aware of the fact that setting up a business in Dubai is not easy and the process can be overwhelming and tiresome. So, it is best to connect with business setup consultants in Dubai. In the last few years, it has been observed that many people have relocated to Dubai to make the most out of the opportunity due to which there is a sudden rise in the number of business settlements in the country.
It is one of the top destinations in the world that providing with a 100% tax-free business zone. Amongst the 7 emirates, Dubai holds the stature of being the most popular choice out of all. The main reason is holding global importance as a renowned business hub.
The business setup consultancy sector is also emerging expeditiously. The increase in the number of business settlements has led to a rise in the number of business consultancies as well. So, we have compiled a guide on how a business setup consultancies work.
What Are The Services That A Business Setup Consultant Should Provide?
The business setup consultancy should provide all the services that are necessary to carry out smooth business operations in the country. The services provided by them should be important to streamline the resources efficiently.
Here Know The Major Services To Look For:
1. PRO Services
The consultancy should provide Public Relation Officer (PRO) Services which are professional document-clearing services involving the processing of government documents and paperwork. The documents include the processing of:
- Formalities of immigration
- Issuing business license
- Clearance of passport
There are a lot of legal requirements under the PRO Services. Choosing the right kind of business setup consultancy will be of great help
2. Local sponsor
As per the laws of the UAE, a person who wants to set up his business in Dubai has to have a legal sponsor to carry out any activity right from entering the country to winding up the business. Here, the term local sponsor refers to a local service agent and nominee shareholder. He should be a person who is a resident of the UAE. it is important to choose the right local sponsor and this can be done by taking the help of business setup consultants in Dubai.
3. VAT Services
Ever since VAT has been introduced in the country, there are certain rules and regulations that businesses need to conform to while carrying 9 out business operations. So, it is important to choose a business setup consultancy that helps you combat any issues faced during the process.
4. Bank account services
If someone wants to start a business in Dubai, having a bank account is a prerequisite. Therefore, opening a bank account in the country becomes necessary. But, it can be quite a task to open up an account in a foreign land. So, that’s when the consultancy comes in. They help in setting bank accounts for all small, medium, and large firms by assisting in collecting all the necessary documents.
5. Office space for rent
Many people who set up their business in Dubai, need to set up an office space to carry out their operations. A business setup consultancy helps you to get a place of office as per the:
- Location choice
- Convenience
- Flexibility
- Budget
- Capital
6. Business license
When one has to set up a business in Dubai, one needs to get through numerous legal restrictions and formalities in order to get licenses to start a business. The consultants do that task on our behalf. They are responsible to deal with the DED and other relevant authorities.
7. Documentation
Many documents are required to be prepared for setting up a company in Dubai. The documents are of the following types:
- Memorandum of association
- Article of association
- NOC from the sponsors
- Reference letters from the bank
- Photocopy of the sponsor’s passport
business setup consultants in Dubai help you to get through all the preparation of all the documentation.
Reasons Why We Should Hire Business Consultants in Dubai
1. Act as a mediator
The consultants help as mediators when there is a language barrier. It is no news that all the official works are carried out in Arabic, it being the official language of the UAE. Though various other languages are also spoken in the country. But, English and Arabic are the two languages that prevail. If one is not well versed in the two languages, then the consultant can pose as a mediator. The consultants offer a translator, as a part of their service to the client so that all the procedures are carried out without any barriers.
2. Save time and money
If you are thinking, not hiring a business consultant made you save a lot then you are wrong. This is not merely a job that requires the incorporation of the company. Instead, hiring a consultant would help you to perform the job with utmost professionalism. They are aware of the know-how of setting up the business. which will not only help you save time and money but also eradicate the irritation and frustration that comes with it.
3. Conduct the market research
Getting into foreign lands for setting up a business is a task in itself, conducting market research would only add a burden. So, hiring business setup consultants in Dubai will only make this task easier. They are the ones who conduct the market research on your behalf. They are even well aware of the current market conditions and would be the ones who can guide you better in understanding the market requirements.
4. Help in finding local business sponsors
As per the norms of the UAE, it is mandatory to get a local sponsor for setting up a business in Dubai. So, it is crucial to find that person as they would be holding 51% of the shares of that company. Therefore, it is a concern of great importance to find a good consultant who can carry out this job.
5. A better understanding of the legal framework
It is important to understand the jurisdiction of businesses and the legal formalities while setting up a business. Different jurisdictions have different laws so, no one other than a consultant would have a better understanding of it. The legal formalities include applying for licenses and registrations. The business setup consultants in Dubai can help you carry out that task easily.
If being an outsider, you want to start up a company in Dubai, then hiring a business consultant would be the best choice for you. Seeking the advice of professionals would aid in the smooth running of the business. The consultants help entrepreneurs with advice, laws, and taxation policies.
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