Dubai is a top destination for those who want to start or expand their business globally. The minimal crime rate, tax relaxations, stability of the national currency, broad proposals for real estate, and highly organized infrastructure make Dubai extremely attractive for novel business expansion and setups. No wonder so many leading companies and entrepreneurs have already set up their businesses in Dubai and are enjoying the benefits.
If you, too, are planning to business setup Dubai, then it is essential to register your industry according to the rules and regulations of the UAE. This step-by-step process can be a hassle for many but don’t worry because business setup companies can make your job easier.
Here are the major ways a Business Setup Expert can streamline setting up your business in Dubai:
5 ways business setup experts can help set up your business in Dubai
- Clarity in legal procedures
Before starting your business In Dubai, you need to go through a long list of legal formalities such as registration and licensing. Since UAE is quite stringent about its rules and regulations, you might want to complete all the formalities so that you don’t land in trouble in the future.
Here, business setup consultants generally hold familiarity and expertise with all the legal formalities to ensure a smooth business setup process in Dubai. Furthermore, business setup companies help you understand the risk involved in any legal form and available alternatives.
- A better understanding of business ownership and local sponsors
The UAE consists of distinct business sectors that decide the ownership rules, such as mainland, free zone offshore, etc. For example, on-shore sectors consist of many free zones with their own rules and regulations. Full compliance with these existing rules and regulations often requires professional advice since any violation can lead to hefty fines. A business setup consultant can help you mitigate the associated risk and help provide trusted and valuable business sponsors.
- Assistance in choosing the right jurisdiction
Do you know that out of the 40 free zones of the UAE, most of them are located in Dubai? This makes it confusing to select just one, but it can also create difficulties if you choose the wrong one. The type of location and jurisdiction largely depends on the niche of your business. Thankfully, business set-up companies are able to identify the right jurisdiction by coordinating with Dubai’s economic department.
- Assessment of business setup cost
If you set up your business in Dubai, you can avail of several offers, packages, and comparative costs. Business setup cost is a major factor that needs to be analysed and invested in the right way! Along with an expert cost analysis, an experienced business setup consultant would provide better insights into banking, accounting, and VAT in the country.
- Guidance in major milestones
When you hire a businesssetup consultant, they will help you become familiar with the surrounding marketplace where you will set up the company. For instance, they can offer you advice on which businesses work best in which region of Dubai. You can also expect some of the best business consultants to guide you through the immigration process, helping you overcome major milestones overall.
So, have you decided to set up your business in Dubai? Do you want to hire expert business setup consultantsto make the process safe and smooth? At FlyingColour, we hold 17+ years of experience in helping companies set up their business in Dubai and the whole of UAE. We cover a 360° range of business consultancy, including legal advice, accounting and VAT, immigration services, and more.
Take a step towards making your dream of building a business in Dubai a reality. Contact us now!