Business Setup

Importance of Business consultancy for SMEs

Importance of Business consultancy

As of December 2019, 50 percent of Dubai’s GDP has been contributed by SMEs. SMEs also employ up to 52 percent of the total workforce in the Emirate. SMEs registered a 9 percent compounded annual growth rate (CAGR) since 2008. The Dubai economy thrives on these small companies setting up shop, which is recognized by the government, which encourages and tries to draw in more small startups looking for locations to start their business.

However, when planning to start a business in Dubai, there are a few crucial steps to take, starting from the nature of the business, to the location that best suits that business, down to the legal and licensing processing a business has to go through.

business consultancy firms in Dubai

Now, first you need to identify do you really need consultancy services? Why do you need consultancy services? For a company just starting out, as well as those who are not Local to UAE, this can be a confusing, complicated, difficult, time-consuming, as well as in some cases, an expensive process. It may lead to a lot of businesses to back out ever before they start their set up their companies.

There is a way to utilize the immense benefits that SMEs get from setting up their businesses in Dubai, without getting overwhelmed by the process. SMEs can avail business consultancy in Dubai. There are numerous business setup consultants who also cater specifically to SMEs. When considering the capital and expenses of SMEs, it might sound counterintuitive to go for business consultancy firms.

However, here is a list of benefits that makes hiring business setup consultants more profitable for an SME in the long run.[/vc_column_text][/vc_column][/vc_row]

Still not sure? Book a free consultation now.
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The Business Consultancy firm in Dubai will be updated judicially

While the UAE government provides immense support to SMEs to encourage their growth, and the overall growth of the economy in the process, there are a few laws and regulations that the government has further amended for SMEs. Business consultancy firms are well updated about these and can guide SMEs in order to avail the most benefits, which the business might forgo otherwise.

A business setup consultant is well versed in legalities and paperwork

Setting up a small business does not exclude it from being a time-consuming and in some cases costly affair. The legalities and paperwork, along with the license that an SME can avail based on the nature, location and benefits required for their business can be a lot to keep track of for a small company. They may not be well versed and have an in depth knowledge on these matters, which can make the whole process extremely expensive. This is where the expertise of business consultancy in Dubai comes in. They can keep this whole ordeal streamlined as the business owners focus their business.

    A business consultancy firm may have expertise that can help with business growth

    With the right business consultancy firm in Dubai, a company can avail business strategies, market insight, leverage the consultancy firm’s strong network to find reliable local partners as well as building rapport with relevant government sectors.

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    The right business consultancy firm can help SMEs set up a life in Dubai, being a true partner to building and sustaining a business. Thus, the question is not whether or not an SME needs to hire a business consultancy firm. Rather, it is which business consultant firm an SME should reach out to. If you are planning on starting a small business in Dubai and looking for the right business consultancy firm, you can considering taking the first steps with the expert guidance of Company Setup Dubai.

     

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