Small to medium enterprises are regarded as the power that fuels Dubai’s economic growth, representing 95% of all establishments in the Emirate. They contribute significantly to the overall growth and development of the state, accounting for 42% of the workforce and contributing to over 40% of the total value generated in the economy. Such results are possible through a supportive government that encourages business setup in the UAE as well as the capabilities of the entrepreneurs themselves.
Business consulting has been a valuable tool in the growth story of SMEs. Such services are valuable when it comes to helping business owners negotiate obstacles and ensure the smooth operations of their business.
Reasons Why Business Consulting Can Help SMEs
Developing an action plan
A consultant can help you, the business owner, with on-the-ground reports on the business environment and economic climate and determine if the location is ideal. This will help provide you with the clarity of vision as well as enable you to assess the benefit of moving to Dubai and the potential for expansion.
Guiding your business through laws and regulations
Dubai’s business sector is constantly evolving and growing as Dubai’s governmental institutions are keen to support their primary engine of growth; primarily by cutting fees and taxes and making registration and processing more streamlined. It helps to partner with a business consultant who has expertise in this area as they can help you take full advantage of the laws and benefits offered to SMEs.
Assistance with documentation, paperwork and setup
Even in Dubai, setting up a business can be a time-consuming and costly affair if you do not have the right documents prepared. A business consultant can be invaluable for guiding you through the protocols to be followed and the paperwork to be the submitted. Their knowledge can help guide you through a potentially time-consuming process.
Business consultants have access to a wide range of resources for marketing, sales, auditing, human resources, finance, and more. This is useful for the post-registration setup phase when you’re recruiting talent for your venture, and can help you expand your business network in the UAE.
Hiring a business consultant is fruitful for when your venture is up and running. Their knowledge, expertise and insight can help you make the most of the opportunities available to take your business to the next level.
For more information, get in touch with an expert team of consultants for your setup needs. We are the registered agents for the Dubai Airport Freezone Authority and Dubai Silicon Oasis, and can help you make your dream of a global business come true.