A consultant is someone with in-depth knowledge and expertise of their particular field and provides advice to both companies and individuals. In simple words, a consultant’s job is just to give consultancy to the clients, but what makes one a good consultant is the passion and extensive knowledge about their field.
The consultancy business has emerged as a new field long ago, but it wouldn’t be wrong to say that it is still flourishing in UAE. The market is expanding the horizon day by day.
During the process of a company’s formation, there are hundreds of things to be taken care of. Handling the sheer amount of work gets difficult for the employees. And when it comes to establishing a business in the United Arab Emirates, there is far more work. The process of incorporation is not easy, for it involves crucial decisions like the location, type of business and permissions among many others. To add to it, UAE has free zones that allow many exemptions, making it even more complicated and hence there is a need to hire a consultant.
Let’s take a look at why a company hires consultancy agency in UAE:
- Legal requirements:
UAE is a place where a plethora of legal formalities and requirements need to be dealt with. For every business, a separate license or permission is required. While you may not be possessing the required information about it all, a business consultant surely is. They can make the process of incorporation of business in UAE smooth and hassle-free for you.
- Choosing the right location:
Location is of utmost importance for any business, for it can either break or make the future. UAE has a total of 7 Emirates. Each emirate has its own free zones, and there are a total of 37 free zones in UAE. A free zone is an area that promotes business and investment by providing plenty of exemptions and benefits to the investors. For a new business owner, it can be quite tricky to pick the right location for their business and here they a professional consultant for help.
- Regulations on ownership:
UAE is basically divided into two areas: onshore and offshore. While the onshore sector is concentrated with local businesses and the foreign ownership is restricted here. On the other hand, the offshore area consists of free zones that have their own separate rules. To fully understand and comply with these rules, one needs the help of a consulting firm.
- Partnerships with government:
To incorporate a business in UAE, the owner needs to develop a strong relationship with the government. It is essential for a businessman to have knowledge of various departments and authorities with whom they might have to deal with. Here, the consultant’s contacts and partnerships can prove beneficial.
- Business ethics:
UAE is a place where customs and traditions are valued. For a business to be successful, understanding the market, the ethics and customs hold a lot of importance. A professional consulting agency can be advantageous and help you conquer the market.
Starting a new company or even growing your existing business, it is essential to hire a consulting agency. They can provide you with guidance and save your money from going to waste. So start looking for business consultancy for company formation in UAE and Dubai.