Tips to Find the Best Business Setup Consultant in Dubai
Home to a plethora of opportunities for foreign investors like Hospitality, Import-Export, Tourism, Real Estate, Infrastructure, E-commerce and so much more, Dubai is one of the most business-friendly cities in the world. No wonder it’s bursting at the seams with tons of business setup consultants. Some are good, some are better and the rest are the best. Finding the right business setup consultants in Dubai, UAE could be quite tricky and daunting at times. Fret not, we have you covered. Ahead we are going to talk about a few ways you can be sure that your business is in the right hands.
Who are they and what do they do?
A business set-up consulting firm is an end-to-end solution to every big-little challenge budding as well as established entrepreneurs are currently facing or might come across in the near future while dealing with their new or existing business. The main objective of a consulting company is to analyse and address problems a client faces in the beginning and at the later stages of their business. In a nutshell, they make sure that nothing hinders the inception or development of the business.
A business consultant specialising in startup and company set-up advisory can guide you through the process of setting up a business in the UAE. You might not know that there are myriad types of consulting services responsible to affect the growth and development of start-ups, small businesses, and corporations. They are the answer to all your financial, legal, commercial, and technical problems. A business consultant will suggest the type of business structure you should employ (Mainland or Free Zone) while considering the advantages that the recommended business structure may provide for your venture depending on your proposed business activity and initial investment. If you are living under the rock, they will help you identify the area in Dubai to set up your start-up so you can achieve the desired results.
Why do I need a business consultant for my business setup?
Whether aspiring or seasoned, almost every entrepreneur in Dubai or a private person chooses to delegate the responsibility to a proficient business setup consultant. And it’s easy to see why. Millions of things to take care of, unawareness of the new laws and guidelines, lack of time and knowledge are just a few reasons! The life of a business owner is not a bed of roses! Even if it is for some, they still need a helping hand to pluck out those thorns that might hurt their hardly-achieved venture. Not only does a business consultant in Dubaisuggest you the right company structure and advise you on the best jurisdictions but also, they help you choose the best location for your business between the free zone and the mainland.
Overseas investors can easily see how Dubai is brimming with outstanding opportunities for investment, but what they can’t see is – troubles on their voyage until they step into the unchartered waters. The local government is encouraging investment and start-ups in many ways, however, establishing a business in Dubai is bound by various legal departments and judicial bodies of the country. Let’s face it – you don’t have enough expertise in the local business environment, private equity operations, and so much more that has to do a lot with your business so you need consulting services from local experts for effective strategic planning.
How many types of business consultancy is available in the market?
Many categories of business consulting companies exist in the UAE, which can sail you through unchartered waters. Business consultants provide the necessary advice and recommendations to identify the problem areas in your business, suggest improvement solutions, and handhold you through the entire process of implementation. All consulting establishments including freelance business setup advisors, which you see in the market, without a doubt, are highly specialized in their field. It is next to impossible to master all the levels of activities; therefore, there are different segments they specialize in, for instance, corporate consulting, management consulting, IT consulting, industrial consulting, logistics consulting, shipping consulting to name a few. You as an aspiring entrepreneur has to be certain what kind of consultancy you are looking for.
How to select the best business consultant in Dubai, UAE?
Changes in the business landscape are inevitable. Even a slight change in business ecology can be impactful. Let alone the modifications in rules and regulations, a shift in the industry trends, movements in the macroeconomic indicators of the country, alterations in world-specific guidelines, the emergence of new competitors, and many similar factors that can influence the working environment of a business in a wink. It gets complicated for business owners to respond to these changes on a wimp, while they have to continue focussing on the growth of their business operations to stay competitive and to enhance productivity. That’s where business consultants come to help you to mindfully deal with any unforeseen situation while responding to the sudden changes in the business environment in your favour.
The resolution to entrepreneurial problems varies from business to business and heavily depends on the industry of operations, customer segmentation, the growth stage of the business, and their short-term and long-term goals including objectives. Enterprises are required to pick a business consultant who can understand their business and render the much-required consulting for their processes.
Criteria to find the best business consultant in Dubai, UAE
Here’re a few things you should look for in your business consultants in the UAE:
Extensive knowledge & expertise
They must be au courant different types of business complications and glitches and have proven expertise to handle them all. They can be a one-stop shop for you but not the ones who follow the one-size-fits-all approach.
They say, “An old ox makes a straight furrow.”, and we can’t agree more! Entrepreneurship is a wonderful skill that speaks for itself. The experience gained from setting up your own business can’t be achieved from doing any job. A business consultant, who has founded a business of his/her own are aware of the nuances of running a company, right from the execution of the idea to its growth phase. They already have a broad range of compulsory skills to tackle the issues in most of the functions of the establishment including finances, human resources, strategy, procurement, operations, and administration.
Laudable business network
A business consultant, who has a worthy network of contacts, including people from all types of businesses and different walks of life, checks all the boxes. Their strong connections built within the community will prove to be a great asset for you, especially in the initial stages of your business setup process. A vast clientele base of the consultant (not just big clients) is a dead giveaway that they have worked with a broad array of small firms, mid-sized enterprises, non-profit organizations, and other types of establishments in different sectors and are competent enough to handle your venture.
Phenomenal people skills
Exceptional oral and written communication skills along with excellent interpersonal skills are the main attributes of a business consultant you must be watchful of when choosing your start-up consultant. They should be capable of interpreting the viewpoints of the client’s business clearly and quickly to steer clear of any confusion. It’s the transparency and clear communication between the consultant and client that bring them on the same page
In the know about the UAE market
A business consultant in the UAE is apprised of the legal formalities, licensing requirements, business regulations, and other policies required to be followed for running business operations successfully in the country. Make sure your business consultant has influence in the government departments and associations. It will only simplify the legal and regulatory procedures. They must be observant of what’s happening around such as the economic situation, trends and challenges of different industry sectors, global best practices in business, and other local requirements that fill the bill.
This one is my favourite! Most deep-rooted business advisors in Dubai like Adam Global provide free consultancy. Take help from Google and make a list of such business advisory companies. With a detailed online search and due diligence, you sure will find a Company Formation / Business Setup specialist who has experience in the UAE market. Now do make the most of the free consultancy service from various business consultants by comparing them on the scale of the above-mentioned parameters to find the best business consultant in Dubai for your setup.
Do not fall for low-cost business consultants in Dubai
The cheaper buyer gets bad meat! I am sure you have heard this saying at least once in your life? We hate to reveal that we have heard from many of our clients complaining that they were lured by cheap business consultancy services which initially benefitted but they had to suffer in the later years when it came to renewals or adjustments in a few procedures internally. Your business is your dream! And to bring it to the reality you need the right set of people. Only a prestigious business advisor can connect you with them. So, we suggest do not allow the cost of hiring a business consultant to decide the fate of your business.
In a nutshell
Consulting is more than giving advice! Experienced business setup consultants can save you a fortune whether it’s your valuable time, money, or efforts by executing the tasks dexterously. Why won’t they?! What they are going to do for you they have already done this number of times for many like you.
Our two pennies
Being in the industry for about 2 decades, we highly recommend you –
- Go by the experience and professionalism of the adviser, not too-good-to-be-true facts. Trusts your instincts!
- Don’t skimp on selecting your start-up consultant. Sometimes it pays you well tomorrow if you loosen the purse strings a little today.
- Do make sure your business advisor is equipped and willing to cater to all your distinct queries promptly and with due options and proposals.
- Ask all sorts of queries and get relevant information from your consultancy. Remember to crosscheck the details as well.
- Do research a lot. It will definitely help you with a smooth and hassle-free experience not only during the process but in the later years too.
- Seek a consultancy that will partner with you and help you with affordable long-term solutions. Such consultancies might initially be a bit pricey but will surely save you from forking out a small fortune and a great deal of time in the long run.
- Speak to them once and do take advantage of the free consultancy service they provide before you finalize any agency you may. This will surely help you to evaluate your decision further.
- Find a business formation consultancy that is a treasure trove of expert and amicable specialists who will care for your dreams, efforts, time and money rather than a one-time agency.
- Look for a one-stop-shop where you can do pretty much everything under one roof only.
All we have to say is in your entrepreneurial journey make sure you make the right decision that benefits you and your company. To enjoy impeccable business setup services contact us. We take care of everything so that you can concentrate on building your business. Because your vision is our mission!