UAE is arguably one of the best countries in the world for business owners and that for the right reasons, the country has a liberal trade regime, lowest crime rates and when it comes to ease of doing business, the middle eastern country is ranked on the top in the entire region. There are dozens of reasons why leading business owners and investing so generously investing in UAE and we have seen a lot of successfully business stories coming out of UAE. The country’s sophisticated infrastructure and a cultivated startup eco system welcomes entrepreneurs to unlock their potential.
Why You need a Consultancy Firm?
If you are thinking to invest in Dubai, this is probably the best time as UAE govt is offering special facilities for business owners. However, you need to have a business consultancy firm onboard to ensure that you comply with all the legal bindings and the consultancy firm will also help you to get the right and trustworthy local partner.
There are hundreds of consultancy firms in the UAE, however it is important that you get a credible and experienced consultant onboard. You will find several companies claiming to be business setup consultant but you should only pick the one that actually comes from a consultancy and business background.
Tips to find the right Business Consultancy Firm
If you want to start a business in UAE, you might find yourself confused in deciding which consultancy firm is reliable and can be trusted. In this article, we are listing a checklist that will help you to get the best business setup consultants in UAE.
- Experienced Team with an Exceptional Track Record
An experienced and a well established consultancy firm will eliminate all your hassles by streamlining the set up process. They will guide will you with all the legal requirements such VAT registration UAE and mandatory insurances. Aprat from that, an experienced firm will also give a market insight by analyzing and interpetating current market trends and will provide you with valuable recommendations. When choosing a consultancy firm, look for the one that have experienced professional and how their clients are doing.
- Setting Up Business Goals and KPIs
It is wise to carry out a goal setting exercise with your consultants. This will not only help you analyze how experienced they are but will also help you define the key performance indicators that will determine the progress of your business journey. It is a wise practice to build a rapport with your consultants in terms of defining predetermined goals.
- Strategic Government Partnership
I can’t stress it enough. The most important factor when it comes to getting the right business consultant is to ensure if they can help you liaising you with following government entities,
- DTCM – Department of Tourism and Commerce Marketing
- DLD – Dubai Land Development
- FDI- Foreign Direct Investment
- DED- The Department of Economic Development
- Dubai Municipality
- Ministry of Economy
- DLD – Dubai Land Department
- RERA – Real Estate Regulatory Authority (RERA)
When choosing a consultant, make sure that they are register and associated with all government entities. This will smooth the setup procedure and will not face any troubles in future.