Doing Business In UAE – Looking For Key Facts?

Starting a business sounds like great idea, but it is not something quite easy in any part of the world. Establishing a business really can take lot of effort, time and money and investors have to be really sure about making the right decisions at the right time, to ensure that they are not losing any money while doing so. While the world perceives UAE as oil production based economy, it has gradually emerged to a unique perspective and has become user friendly to the way they do business and focused more on the services industry in the past few decades allowing more international entrepreneurs and business owners to come and establish their business.

The success of everyone’s business usually depends on the apt location and therefore its selection should be made prudently to ensure that the benefits are retrieved and boost the business productivity. If one starts venturing in UAE for the first time, the advices from experienced professional business consultants are inevitable and can show the best commercial properties in order to reap the best benefit deriving from either buying or renting it based on your business budget. Acquisition of the property in UAE can be a tough task and therefore most international business companies prefer to hire business consultants who make their job easier. With the help of local business consultants, international companies can choose their right location that is crucial for the success and expansion of their business in UAE.

When you think about doing business in the Mainland of UAE, you should look for the presence of a local sponsor. Most of the local companies in UAE function with the sponsors who have 51% share in the business without interfering in the daily routine affairs of the company and therefore it makes the international shareholder to run the business and invest in the region without complexities. However, for many first time business owners this can be a frustrating situation as they might not have such business laws back home in their native country. If you step in UAE for the first time to commence the business, it is advisable to seek advice from professionals in order to select the best local sponsor available that can help you to establish your business locally.

Alternatively, there are opportunities and options available for investors to commence the business in the free zone where they can concentrate the international market availing 100% ownership and without identifying a local sponsor. Also, meanwhile you choose your business in the Free Zone locality it is still recommended to incorporate a local company with the help of a local sponsor that can help you to establish your business and penetrate the opportunities available in the local market of UAE.

Once, you have decided a location and identified a local sponsor its time to find the right office space to operate your business. To smoothen the activities, you can avail the help of local business consultants who can gather you information pertaining to affordable business and office spaces in locations close to your clients and customers. You also need to remember that in UAE, your business address can create an impact and difference to your business and should be selective on the aspect. You can also plan for warehouses and factory spaces close to your office premises to handle your business in a better way. While choosing office spaces, you need to be clear about the size of its space and should decide about the number of employees needed to operate your business.

Apart from setting up the business, you should also need to concentrate and look out for better employees who can prudently look after some part of your business and can offer you better productivity. Many international firms today believe that outsourcing accounting department is a better option as it yield better results at a marginal cost that actually saves lot of money to the company. If you are looking to have economical services for accounting activities, you can outsource your accounting department to independent professional consultants and can ensure to get the best results at an affordable cost.

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HLB HAMT - Audit, Tax, Accounting and Business Advisory

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Varun R Chandra

07:38 25 Apr 21

HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.

Giuseppe Assi

06:20 31 Jan 21

I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more

Mohamed Sheriff

16:16 28 Jun 20

Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more

218141 JOSEPH THOMAS

16:20 23 Jun 20

Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more

PMI

07:14 23 Jun 20

In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more

RAVI CHOKSI

08:28 21 Jun 20

Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more

Maharajan Subramaniam

18:17 06 Jun 20

High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more

Mohammed L

08:07 05 Jun 20

We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more

ROY ROSHAN VIVIAN

06:32 04 Jun 20

Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more

Basil Daniells

05:55 03 Jun 20

I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more

Amar Kashyap

19:28 02 Jun 20

Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more

Radz de Jesus

16:03 02 Jun 20

We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more

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