Also in the news...
UK-Norway Iceland Liechtenstein free trade agreement
Business guidance, reports and other documents to help you understand the UK-Norway, Iceland, and Liechtenstein free trade agreement (FTA).
Essential Steps Before Launching an International Auction Business
Expanding a business internationally presents unique challenges, particularly when that business involves auctions. The global auction market continues to grow as more entrepreneurs see its potential for reaching new customers across borders. However, success in this specialised field requires careful planning and the right technological foundation.
Innovative Welsh exporter puts Britain at the forefront of global immunisation efforts
UK Export Finance supports renewable energy tech company Dulas to deliver life-saving vaccine refrigerators to over 80 countries worldwide.
British aerospace manufacturers to benefit from UK-US trade deal
British aerospace manufacturers to benefit from UK-US trade deal as further details announced
PM secures new agreement with EU to benefit British people
UK secures new agreement with the European Union to support British businesses, back British jobs, and put more money in people’s pockets.
5 Step Checklist for selecting the best business setup consultants in the 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 be considered while choosing your business setup consultants in the UAE.
-
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.
-
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.
-
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 Free Zone external parties without local support could operate certain businesses. An expert consultant would be able to assist you in terms of choosing apt licensing based on your business requirements.
-
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. While choosing your consultants to ensure that they are able to guide you to the right destination by evaluating factors such as budget, operations, legal requirements, local reach, etc.
-
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.
While you choose a consultant, make sure they are well associated with all the government services as it is essential in the smooth setting up of businesses in the UAE region.
Should you wish to know more about setting up a business in UAE, feel free to reach out to Aurion Business Consulting for a free chat here: Contact Aurion