If you’re looking to start your own business or to turn your business into a company, you need to consider several factors. The paperwork needs to be in order as company formation in Dubai could be quite difficult if you don’t have your finances properly managed and your business does not seem promising. You also need to consider the prospective office spaces, the number of employees and if you’re looking to expand and as to the benefits and liabilities you would owe your workers and whether you have enough startup capital to fund all other expenditure or enough assets to take a loan or mortgage out on them.
You need to start considering the venue according to the type of business you’re running. For example, if you have to set up a factory, there are several legal restraints and regulations as to where such buildings could be set up, such as away from residential areas or areas where natural sources of water could get polluted due to the adverse effects its waste could have on the environment. If you’re looking or expand your workforce you need to set up your business in a place which is easily accessible to your employees and in an area that has great transport access or make arrangements as to providing them with transport. Our financial consultants will guide you in these decision making processes while considering your budget and capital and in the way in which it is most economical and cost effective for you, while ensuring that the turnover will keep growing.
If you’re looking to get investors from international companies and foreign modes of investment as a whole, our team of financial advisors will advice you as to how you could proceed as local laws place sp0ecial provisions when dealing with international investments locally, especially when it deals with the sale and ownership of immovable property. With regard to the stock exchange and balancing your stocks too, you will have to hire a stock broker to keep your stocks in check and in order for you to keep a look out for potential investor with a similar vision an interest a yours which could help your business grow.
After setting up your company, you still need a financial consultant to guide you through the taxation process, to ascertain the value of your business and to keep your taxes payable to a minimum.