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Why Do You Need Business Setup Consultants in UAE
Due to the fantastic business opportunities and favorable tax regimes in the UAE, running a business seems to be a profitable option for entrepreneurs overseas. As much as the process of starting a business or extending a business in the UAE may seem straightforward, it is essential to have a business plan and do comprehensive research about the market, articulate legalities, and conduct businesses in the UAE from a professional point of view. It is noteworthy that starting a business in the UAE heavily depends on the choice of jurisdictions, and the process requires cooperating with many government bodies. These are the main reasons for opting for business setup consultants in UAE or appointing a business setup is highly recommended.
Advantages of working with a business setup consultants in UAE
There are plenty of reasons why foreign entrepreneurs should opt for consultancy services in the UAE before launching a business. Here are the main advantages of working with a business setup consultants in UAE:
Selecting the Suitable Business Activity
Although it may seem trivial, choosing the right business activity is quite essential for running a business in the UAE. There are over 2,000 business activities categorized by Economic Development, and the classification determines the scope and permissions required by the business.
Selecting the Right Jurisdiction for Running a Business
Every jurisdiction in the UAE has its pros and cons when registering a company. An experienced business setup team ensures their clients choose the best jurisdiction (mainland, free zone, or onshore) considering the aims of a business.
Choosing the Right Business Legal Form
There are many options for selecting the legal structure of a business (for example, LLC is the most popular legal structure in Dubai mainland). Entrepreneurs need to choose the legal structure of a company before starting it, and for this purpose, consulting with a business setup expert can be quite helpful.
Mainland Company Registration in Dubai
To register a business in Dubai Mainland, entrepreneurs must cooperate with a business setup consultant to finalize the requirements or even find a local partner. Renting a physical office and carrying out the paperwork will also require the entrepreneurs to trust a business setup consultant from inside the UAE.
Dealing with the Government Authority
A business setup expert knows precisely how government departments function. The Department of Economic Development will grant all the permissions and licenses for any type of business. The business partner and shareholders’ name reservation certificate and passport copies are required, and the demanded external approvals should also be submitted to the Department of Economic Development. A business setup consultant can efficiently and quickly perform all these.
Preparing the Documents and Paperwork for Registering a Company
The Memorandum of Association (MoA) can be drafted efficiently by a business setup consultant, which should be adhered to the needs of the shareholders. Securing a business venture through paperwork can be done efficiently by a business setup expert and collecting the business licenses from the respective departments, timely approvals, getting permission from the representative government bodies, etc.
Proposing Cost-Effective Business Solutions
A business setup consultant can be a valuable asset when it comes to evaluating the business costs and how to launch the most cost-effective business based on the specific aims and requirements of the entrepreneurs. Evaluating the costs of renting an office, a warehouse, factory or getting the attestation and accrediting the company contracts from authorities can be sometimes tricky, which can be handled efficiently by an experienced business consultancy service.
How Can Choose UAE Help
At Choose UAE, our business setup consultants can guide you from choosing the right business activities to the low-cost options and right license type for your business. We provide end-to-end services with a dedicated account manager to help you in finding local service agent and corporate bank opening in Dubai. Contact us for more details.