Choosing the best business consultant in Dubai

Choosing As an expat, you have no idea about the laws and regulations of Dubai, especially when you plan to set up your company. Opening your business in Dubai means investing a great amount of money, and can you make this investment without learning about the market or finding out whether your business idea is feasible? 

Of course not.

You need to get help from a business consultant who will provide you with a feasibility report so you can decide whether to pursue a business idea. 

Even when you have finalized your business idea, setting up a business with this idea requires you to go through many different steps and get a license and approval from authorities.

Since you are a foreigner who knows nothing about this city, you must rely on business consultants.

Fortunately, hundreds of business consultants are out there in Dubai; they are ready to assist you. All you need to do is to make a call. As many options exist, it’s normal to feel overwhelmed when making the right choice.

But sweat not; Prospr is here to guide you on this matter. We will tell you what factors to consider when choosing the best business consultants for your company formation in Dubai. 

Let’s uncover every factor one by one.

Understanding your business needs.

You can find tons of different business consultants in Dubai. Some consultants offer advice on legal advisers, while others are good at PRO services. Now, the question is, what do you need? Do you need a legal consultant to help you craft a Memorandum of Association or other legal documents? You may need a general consultant who provides a business setup walkthrough guide.

Pick a business consultant based on their specialty and your business needs. If a consultant is good at legal, you can hire them for legal matters. The reason behind selecting a consultancy firm based on their specialty is to make the most of their knowledge, expertise and experience. You will be paying a few hundred dirhams to get consultancy services in Dubai, so it’s better to choose one who can offer you the best advice and suggestions.

Business network

The business network of a business consultant matters the most. When they have experts and government officials in their network, it becomes pretty easy for you to pick one consultant who can handle everything for you. A consultant with a limited business network offers a few services, while one with an extensive network helps you grow your business and enjoy hassle-free company formation in Dubai. 

Learn why is Dubai best place for trading business?

You can find all about the business network of consultants right from their websites. Every consultant takes pride in showcasing their network. So, it won’t be hard to check who they are partners with.

An extensive business consultant network is a plus point as it tells you that they have worked with companies of every scale. In other words, it demonstrates their experience and knowledge of the market, which you need. 

Verify expertise

Ask for a license from the business consultants and verify it. Unfortunately, scammers are everywhere, and Dubai is no different. Some companies pretend to have a license and expertise to do the job while they are not even registered and have a license.

Here is how to check and verify company status in UAE

Before you join hands with any consultancy firm, you need to perform your due diligence. Verify their license and see whether they have the experience and knowledge to help you. 

Dubai market knowledge

If you are a foreigner with little or no knowledge of the Dubai market, you should hire a business consultant to acquire this knowledge as well. So, choose a consultant with years of experience handling business operations and knowing the latest market reforms. In other words, they must have a complete idea of what’s happening in the market.

Let’s take the example of Prospr. We have been serving businesses of every size and scale. Before someone moves from the UK to Dubai, we plan a workshop session for them. 

The purpose of this session is to help people understand whether this moving decision is right for them or not. Besides, we also do market research for clients who can take a feasibility report and decide whether setting up a business in Dubai will be a lucrative option for them. We can offer this service based on our extensive market knowledge. We know what can work here and what won’t.

Whether you choose Prospr or some other consultant, try to pick them based on their market knowledge and years of experience in the business setup industry; otherwise, this consultancy session will be a waste of time and money.

Cheap consultancy may not be the best.

Many new consultancy firms in Dubai try to lure clients with a cheap rate of consultancy sessions. As they have little or no experience in the market, their consultancy is worth nothing. Since you will invest a lot of money and time in a new business, don’t try to save your money through cheap business consultancy services. This saving may cost you even more when your investment will bring low or no ROI.

Always go with a consultancy firm that has been offering services for quite some time and has a market reputation and goodwill. A new company might only help you in some aspects of business, as a reputed one has more experience and contacts in the market. 

Transparency is the key to success.

You should pick a business consultancy service that offers transparent rates. If a company gives no estimate and keeps asking you for money, it’s a red flag. A reliable business setup consultancy firm will provide a complete breakdown of costs and expenses. They won’t keep anything hidden from you. 

It means you would know how much you need to spend. However, it will only be an estimate, and the exact price may be higher or lower depending on the circumstances. So, try choosing the best business consultants in Dubai based on transparency. 

Customer support

The problem with many consultations is that once a session ends, they don’t care what’s going on in your life. If you encounter any issue, no one is there to help, and it’s indeed a big problem you can readily overcome by choosing a consultancy with the best customer support. 

Always check whether business consultants offer you customer support or not. This is because you may have some concerns and issues while following the company setup procedure in Dubai. You need to contact their customer care centre to get clarity on matters that confuse you, or you may need an immediate solution. Whatever the case, customer support is crucial; ensure you have one.

PRO Expertise

When it comes to business setup in Dubai, you need to get approval from official authorities and interact with government bodies such as:

• Dubai Land Department(DLD)
• Dubai Health Authority(DHA)
• Real Estate Regulatory Authority( RERA)
• Ministry of Economy or Dubai municipality
• Dubai Economic Development DED
• Department of Tourism and Commerce Marketing( DTCM)

It is a must. It would help if you chose a consultancy firm with strong ties with the government. So, you better go with a firm that offers PRO services. They will assist you with your visa-related matters as well.

Customer reviews

Before you team up with any business consultant in Dubai, you better read customer reviews about them. Some testimonials are given on the site, while others are available on Google reviews and social media platforms. Please search for the company name and find out what customers say about their experience. Are they happy or satisfied? High negative reviews will deter you from choosing a company that could be better at delivering what it promises.

Prospr is the best business consultant in Dubai.

At Prospr we care about every expat and understand your needs. We know how challenging it is for you to navigate the complex laws and procedures of business setup. Therefore, it offers PRO services for instant approval for visa and business-related matters. We unlock market research and feasibility services to help you pick the right and most profitable business idea for the Dubai market. Besides, we remain transparent about the cost of business setup. We are always there for you, from acquiring a business license to your successful settlement in Dubai. Send us inquiries to hello@prospr.ae