The United Arab Emirates is one of the best places to set up a business. The entrepreneurs and people in business from all over the world are attracted to UAE because of the various tax benefits and also due to the presence of the multiple free zones. UAE comprises of 37 operating free zones, and each free zone is dedicated to a particular industry.
The presence of free zones is one of the primary reasons why people wish to set up a company in the UAE. These free zones have their administration and also provide many benefits to a company if a company is incorporated in the free zone. These benefits include the following:
- Exemption from Export and Import Duties
- No requirement of a local sponsor
- A one-stop-shop for services such as business licenses, office space, etc.
- Excellent communication and transportation
- Tax friendly Environment
- 100% repatriation of capital and profit
- No restriction on currency
The benefits, as mentioned above of incorporating a company in the free zone. To properly utilize the many benefits which the free zone provides, it is suggested that you should avail of the services of an expert Business Consultant.
Business Consultant: Meaning
Many a time the management of a business may find themselves at perplexed by a problem and may require assistance. During this time of need, a business consultant will provide a solution to the problem which is being faced by the business. These business consultants are usually professionals who are working in the field or experts in the area.
These business consultants can also provide services that will enhance the productivity and profitability of the business. So a business consultant can be hired not only during the initial stages of a business but whenever a company faces a problem.
Advantages of a Business Consultant in Free Zone
The Business Consultant can significantly enhance the value of a business and even has the power to bring a company back from the brink of death. Moreover, the free zones have their own set of rules and regulation, and the business which is set up there may require the assistance of the business consultants.
The various benefits of hiring a Business Consultant in the free zone are:
●Helps in Deciding the Activity be conducted
The business consultant needs to understand the needs and wants of the client and accordingly provide a better solution for the business. These consultants will help the management to reduce the wastage of resources and increase efficiency.
●Expertise in the Management of the Business
The management consultants hired by the business are usually experts in the domain. These experts will perform detailed scrutiny of your company and also of the market to find out the trend in the industry. Many of the consultants would have provided services to big companies and thus will be able to provide expert and easy solutions.
●Provides an external Perspective
Many a time, the administration of the business has a set of mind and views everything according to that mindset. A business consultant will see the business problem in a different light and will provide a holistic view of the problem. Since the business consultants will not have any stake in the business, they can offer a better and objective decision for the issues faced by the company.
●Saves Money and Time
The business consultant will provide quick and easy solutions to the problems faced by the business as he will already have served a number of different businesses in the same industry. This will save a lot of time for the company. As far as the money part is concerned, the business consultant will remove the trial and error part which the administration would have tried. Each attempt to find the right solution will cost money and resources. In this way, the business consultant will help in reducing the usage of the resources of the business.
Each business consultant should provide the benefits as mentioned above, and this is why it is very crucial to select the correct business consultant. If a business consultant who is not suitable for your business, it may have an adverse effect on the future of the business. If you want to avail of the services of a business consultant, you should look into the services provided by Commitbiz. The experts at Commitbiz will help you in deciphering the problem faced by your company and will provide the best solution possible. For more details, Contact Us. We will be happy to help.