What does this cover?
Setting up a business can be a daunting, time consuming and a frustrating experience unless it is properly planned and executed. Success can be affected right from the start if it is not planned in sufficient detail, which can make achieving your goals harder than it should be. Charting your way through the different options for setting up business in the UAE can also be a challenging exercise and particular care and attention should be afforded to the process.
Business plans and Start up Cash Flows+
Appropriate Legal Entity Structuring
Assist with actually making the decision on whether to start or not+
Free Zone or On-Shore
Setting up cost effective Administration Structures
Assistance with business plans and start up cash flowsFrom the beginning we acknowledge that the idea is yours, not ours. We wont offer an off the shelf solution for you because no business is alike. You will have to be prepared to invest significant time at this point into developing your idea and concept of operation. Our task is to listen, then help you through getting the idea into a documented form that can be reviewed, challenged, modified and finalized. We will also assist in preparing financial estimates including profitability and cash flows, identify the potential surprises and plans to mitigate and to demonstrate how much capital you will need to invest from the outset.
Appropriate Legal Entity StructuringThere are several different options available in the UAE and all options should be looked at to ensure that your entity is set up appropriately in terms of cost effectiveness, ease of setup and management, asset protection, continuity and succession.
Free Zone or On-ShoreThis seems a simple question but the answer is not always that simple. The UAE as a whole and individual emirates each have their own challenges and requirements for operating in and outside of Free Zones which require careful consideration so as not to fall foul of laws and regulations. Getting it wrong at the start can have serious consequences and could threaten the viability of your business.
Assist with actually making the decision on whether to start or not.Deciding whether to go ahead or not can be an emotional decision as well as a financial one. Your idea is yours and you will become attached to it and very protective of it given the amount of time that you have invested up to this point. We will act as a non-emotional voice to assist in making the decision and ensure that identifiable limiting factors to success have been considered and mitigated as far as possible so that once you decide to proceed, it is an informed decision.
Setting up cost effective Administration StructuresOnce you have decided to proceed, we will assist you in setting up an efficient administration structure that ensures that is cost effective and you are left to concentrate on developing and growing the business. A lot of wasted effort, especially late at night, can be spent on simply managing the administration like accounting, staff administration, adherence to regulations, paperwork etc. Each hour that you spend on this is an hour not doing what you do well.