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5 Step Checklist for selecting the best business setup consultants in the UAE

UAE is the No.1 choice for setting up a business for global investors. It ranks as the top destination for the ‘ease of doing business’ in the middle east region. Additionally, the Free Trade Zone and Mainland of UAE support the growth in new company registrations.

There are more than 40 Free Trade Zones in UAE offering attractive business setup packages. Similarly, in the Mainland, the Department of Economic Development (DED) of respective Emirates offers a host of company setup packages.

Hence, Investors are left with numerous options to choose while setting up a business in UAE. This is where an expert business consultant like AURION plays a vital role. The Business Consultants in UAE will assist entrepreneurs with the right choice of business jurisdiction, legal company structure, business activities, and more.

Checklist for Selecting the right Business Setup Consultants in UAE

Here is a checklist for selecting the right business setup consultants in the UAE.  Choosing the right strategic partner will help the faster realization of the formation and running of your dream company in the UAE.

Every one of you has at least considered starting your own business. To the serious folks out there, it requires real hard work and umpteen number of approvals and paper works.

Fortunately setting up your business in the UAE, one of the most sought-after business hubs of the world is seamless especially with the help of a renowned business consultant.

Starting a business is a thoughtful act and it includes a lot of milestones to cross. Let’s look at a few of the key parameters that you should consider while choosing your business setup consultants in the UAE.

1. Expert team with an exceptional track record

A well-established business consultant in the UAE would streamline your business setup process by assessing current marketing trends and providing valuable recommendations. Business experts with a good track record in terms of successful business setups should be a must-have while choosing your strategic partner.

The credibility of the Business Consultants is a key element for the success of their engagement with the investor. The Business Consultants in UAE are the first point of contact for global investors to get assistance in business support, and advisory requirements.

Hence, their authenticity and expertise play a vital role in establishing long-term successful client relations.

2. Setting up business goals and KPIs

Carry out a goal-setting exercise with your consultant and define key performance indicators to track the progress of your business journey. It is essential to build a rapport with your consultant in terms of goal setting and clearly defining predetermined goals.

Getting to know the scope of work and setting the business objectives right is essential. The entrepreneur and the Business Consultant must list out their business goal and KPIs to achieve them accordingly during the process.

A clear timeline and estimated cost at each step must be made clear. There are many steps involved in setting up a company. It will require obtaining additional permits, making upfront payments, reserving the office spaces, and more.

Hence, during the course of the project, providing clear progress and updates is essential for both parties to be on the same page.

3. Legal formalities and Licensing

UAE is a region with lots of legal rules and regulations for setting up businesses. For example, in Mainland foreign ownership is restricted to certain levels. While in a Free Zone, foreign investors can operate businesses without local support.

An expert consultant would be able to assist you in terms of choosing apt licensing based on your business requirements. The Business Consultants in UAE must be aware of all the latest business licensing formalities to educate the investors.

UAE is keen on regulatory compliance and ensuring the companies operating are following the business laws. There are a host of business compliance laws to be followed in the UAE.

It ranges from Antimoney laundering, VAT Registration and filing, Ultimate Beneficiary ownership Declaration, to Economic Substance Regulations, and more. The Business Consultant must provide the right update on all of the above to the investors to avoid any violations.

4. Finding the best locations

Business location has a significant impact on the company’s growth. Hence, choosing the right business location based on the industry and nature of operations is essential. The Free Zones offers office spaces ranging from 10 sq.m to 50 sq.m office and warehouses from 100 sq.m to 300 sq,m.

Similarly, in the mainland of UAE, there is a wide range of customized office and warehouse spaces available. The Business Consultants will be providing the best office space option based on the investor’s business requirements.

Hence, while choosing the business consultants ensure that they are able to guide you to the right destination.  The business Consultants will evaluate factors such as budget, operations, legal requirements, local reach, etc, when choosing an office space in UAE.

5. Strategic government partnership

A consultant must be liaising you with the government entities such as the following:

  • The Department of Economic Development (DED),
  • Department of Tourism and Commerce Marketing (DTCM),
  • Foreign Direct Investment (FDI),
  • Dubai Land Department (DLD),
  • Dubai Health Authority (DHA),
  • Real Estate Regulatory Authority (RERA),
  • Ministry of Economy or Dubai Municipality.

When you choose a consultant, ensure they are well associated with all the government services. It is essential in the smooth setting up of businesses in the UAE region.

Who is the Best Business Setup Consultants in UAE?

AURION is the Best Business Setup Consultants in UAE with a track record of more than 13 years and a professional team of business consultants. The Award-Winning Corporate Service Provider is driven by the motto of Trust, Excellence, and Delivery.

The expert team assists the investors with the right choice when it comes to the business setup packages, office space requirements, business activity types, and more.

 To know more about setting up a business in UAE, feel free to reach out to Aurion Business Consulting for a quick meet up here: Contact Aurion 

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