Doing business in the UAE seems to be a favourable option for many. With the growing economy and limitless opportunities, the Emirates have become a hot spot for investors and traders. However, company incorporation in UAE is not as easy as it seems. There are a plethora of decisions to take, research to be done, permissions to take, and the list goes on. Handling everything on your own can get tricky at times, especially if you are a foreign investor.
Depending upon the industry you choose to enter into, appointing a professional business consultant is a right way to proceed.
Reasons why you need to hire the right business consultant:
- Choosing the right business activity:
All the businesses that are incorporated in the UAE need to be classified by Economic Development. The classification entails the scope of activities and permissions that are required for set-up. To ease out the process of company formation in Dubai free zone one can rely on consultants.
- Selecting the jurisdiction:
The next major decision is the selection of the jurisdiction or location. A business consultant can offer their expert advice upon various options available and then selecting the best suited as per the business. There are three different regions in the UAE, that can be chosen: mainland, free zone, and offshores.
- Developing a business plan:
To develop a sound business plan, it is essential to take care of functioning and the legal formalities involved in company incorporation in SAIF zones. Here, a business consultant proves the most beneficial for the guidance they can provide.
- Choosing the company structure:
All across the UAE, there are plenty of company structures available for setting up of a business. To start the registration process, it is mandatory to select the structure of the company. A consultant is well versed with the forms available, and the one that is best suited for you. So, to avoid making any grave mistake, it is better to hire a consultant.
- Company registration:
If you are planning to go with a mainland business in the UAE, a business consultant can help you with taking care of the local partnership in the Emirates. They can help you find the right partner, who is not only reliable but also shares similar interest and goals.
- Interacting with the Department of Economic Development:
A good business consultant will be aware of the way the government agencies of the Emirates work. The Department of Economic Development grants the licenses and permissions for company incorporation in UAE. For their approval, many documents are submitted. To ensure that the process goes all smooth, it is better to engage a business set-up provider.
Hiring a business consultant at the very early stage of business planning can ensure that the process is carried out smoothly. They can make company formation in Dubai free zone easy and cost-effective. So, if you are planning to expand your business and make the most of the potential offered by the UAE, hire a consultant today.