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For starters, a good business setup consultant can provide you with all the information you need when it comes to company setup in Dubai or elsewhere in the United Arab Emirates. The costs of starting a business in Dubai or anywhere else in the United Arab Emirates are primarily determined by two factors – the type of company to be registered and the business activities it proposes to undertake. Because the formation of every company renders the investor eligible for an investor visa, the more the number of investors in a single company, the greater will be its startup costs.
Similarly, the more the number of business activities specified in the Business License to be issued, the higher will be the charges levied. Depending on the emirate you plan to set up your business in, you could have up to ten allied business activities allowed on a single Business License.
The cost of a Sole Establishment (this is the same as a Sole Proprietorship) undertaking one business activity alone is the lowest possible, but then again, some business activities cost more to be licensed than other. For example, a Sole Establishment company seeking to engage in e-commerce might find the costs of licensing cheaper than a Sole Establishment company looking to get into general trading. Only a business consultant can help you with the exact costs. The fact that there are multiple company structures possible and more than 2,000 designated business activities means that it cannot be calculated easily by someone unfamiliar with the process. So it is always best to get yourself professional assistance in this regard.
There is more a business consultant can do for you. A business consultant can run a search for the proposed trade name you have in mind to see if it has already been registered by another entity. This can minimize the chances of your application for company registration being rejected and save you money on the application fees.
By having a business consultant in your corner, you can also come to know if companies with similar-sounding names exist already. If you are looking to register your company as Asian Shipping, another company with the name of Asian Cargo being present already might cause your company to lose any client base it builds as customers would get confused between the two. Your customers might end up giving their business to the company with the similar-sounding name. This is a scenario best avoided, if possible.
A good business consultant can also advise you on the best location for your business. You can choose to establish your company in a free zone, on the mainland, or offshore. There is always a best-fit for every business model, and the right business consultant can rely on his/her knowledge to recommend the best solution for your business.
If your company was into say, advertising, where clients need to meet with you frequently for creative discussions and brainstorming, it would make sense to be on the mainland. The mainland itself offers several options, and a good business consultant can tell you that if you were planning to set up a tourism company in Dubai, Jumeirah might be a better location than Business Bay, which would be more suitable for those providing financial services. For a general trading establishment, being located in a residential zone or close to one would be ideal. These are just a few examples to show you how a business setup consultant can make a positive difference to your success.
It doesn’t end there. Good business setup consultants in Dubai also know of cost-effective places where you can establish your company. If you were on a tight budget and need to be located on the mainland in Dubai, business incubator in5 would be a good place to start looking, because a Business License in Dubai costs just AED 1,000 for the year and a co-working space AED 1,000 for the month. Or a suitable affordably-priced commercial space for your trading establishment. A business setup consultant can also advise you on the average rental prices for the area, so that you don’t end up paying any more than you have to. A business setup consultant thus saves you money.
If you were looking to set up an industrial establishment, the right kind of business consultant would review your detailed business plan and take a closer look at the machinery you were planning to install. He/She might then warn you against selecting the wrong premises, where the power supply is incompatible with the needs of your machinery. Every company has an address registered to it, so moving out later might not be that easy. Choosing to engage the services of an experienced business consultant can save you a lot of unnecessary trouble.
At A&A Associate LLC, we have years of experience helping establish companies in Dubai and rest of the United Arab Emirates. We believe in matching entrepreneurs with the right solutions, and have a client satisfaction rate of 98% so far. Whether it is mainland company setup in Dubai, offshore business setup in Dubai, or free zone company formation in the United Arab Emirates, you can always count on us. Our team speaks multiple languages and we have offices throughout the United Arab Emirates. We take pride in the fact that we have successfully assisted clients from 100 countries open their companies in the UAE. Our aim is to do even better, and we remain committed to seeing people succeed.
