How to Hire a Business Consultants in Dubai

Dubai being the business capital of the UAE, many industries and manufacturing hubs have their offices here. The numbers are increasing by the day, with the advent of new entrepreneurs setting up offices in Dubai. Setting up a business can be a complicated process as there are many regulations and factors to be considered while doing soi. The size and scale of the company also plays a crucial role in the setup process.

There are a few who prefer to set up their businesses by themselves, however, there are clear advantages in hiring business consultants in Dubai to take care of the company formation and registration formalities.

Why should you hire a Business Consultant in Dubai?

Business setup in Dubai involves a registration process, which includes adhering to government regulations and procedures. The processes are different for mainland business and offshore business. Dubai’s business market has close to 40 free zones and the processes also vary with every individual freezones in Dubai.

Business consultants offer professional and consistent services, effectively administering the entire process of setting up your business. Right from the inception of company formation until the final setup of your business, they guarantee continuous guidance throughout the process. They work closely with government entities to make sure that you have a streamlined process when setting up your business. It is very important to hire the right business consultant, often hiring the wrong consultant can cost you much more than money, it can cost you a lot of energy and wasted time.

So, how would you understand which consultancy is good for you? Some characteristics listed below can help you assess the consultancy when you find them on platforms like ATNInfo. 

So what should you look for in a business consultancy in Dubai?

Background check

Business consultancies will help you with all legal, financial, and statutory frameworks. However, to do it well they should have appropriate educational background and expertise. A good move would be to look at the qualification of the team and their previous work experiences. A background check can also reveal the kind of companies they have worked in the past. You can look up these companies online on platforms like ATNInfo, Google, and Dubai directory, etc. This will tell you if they have the experience and expertise to help in your industry. 

References

This is a very important step. You should insist the business consultancy provides a list of references with whom they have worked within the past. References can give you a fair idea as to whether the consultancy has adequate knowledge of the regulations and various government entities and procedures. The references can also provide you feedback on the business consultancy’s professionalisms, fee structure, and work ethics. This knowledge will come in handy when you are negotiating your contract with the business consultancy you decide to work with.

Quotation with defined goals and responsibilities

When you have completed the background check, and verified the references, the next step  being to negotiate your contract with the business consultancy. One of the key points in this negotiation would be the quotation you receive from the consultancy. This should include the profile of the company and its price quotation with clearly stated goals and responsibilities. The quote must also contain the total fee and the fee structure against each milestone, to enable you to make a clear decision.  There are many consultancies on platforms like ATNinfo who will be able to work with you in this manner. 

Budget

Once you receive the quote with a breakdown of all the costs, it is time for you to do a cost-benefit analysis. Get comparative quotes and analyze which business consultancy fits your requirements and budget. Setting up a business can involve many unexpected costs so it is better to stick to a budget with scope for few variations while hiring a business consultancy in Dubai. It is essential to check if the budget for setting up the business mentioned by the consultancy is in line with the government recommendations and peer network. 

After Setup Service

In the process of hiring the business consultancy to set up your business, you should ensure that they work within the stipulated time frame and budget. Many compliance and statutory regulations have to be adhered, once the company is set up. There are some well-known business consultancy companies in Dubai such as ABM Marks & Rights, Ace Business Consultancy and Advance Business Concepts, etc. who can work with you. They have a dedicated team and professional expertise to help you ensure timely progress, during the company formation. Make sure that you have employed a good business consultancy, which can help save your time, money and thus achieve optimum results.

Strategic Business Partnerships

A new business needs as many as allies possible for a successful start. This can be from the government’s side, the local bodies, or even companies in the same field. Some business consultancies such as ACE consultancy, Aajel Business services, and 7 EM consulting.etc consider this as their key expertise. They utilize their years of experience and knowledge of the local network to connect the new business with many people in their field and network for better growth. It is essential to work with such consultancies who have good connections in all related fields.

 Availability

Last but not the least, this is also a huge factor in choosing the right business consultancy for your new business. The business consultancy must be available to consult with you at the time you require their services and able to start working on the process at the earliest. Setting up a business can be very cumbersome and time-consuming and the sooner you begin the better. If you choose a consultancy who is highly recommended but unavailable at the required time, it is better to move on than wait and delay your setup process.

Conclusion

Setting up a business in Dubai can be quite complicated and strenuous. A business consultancy can help you concentrate better on your business, rather than running around to get your business incorporated. It is very important to do a thorough analysis of the market and the business consultancy before starting the process.