Hiring a business start-up advisor is often seen as an added cost, especially for young and start-up businesses that work with tight budgets.
However, starting a new business in a new country is uncharted territory for most entrepreneurs and what may initially seem like an added cost can end up saving you money in reality.
“When I arrived in Dubai from Sweden to start my business, I didn’t know where to start. Since there are so many different options, unfamiliar legal terms, and a lack of clarity on what to come next. In my business trip to Dubai, Creative Zone acted as a navigator’s compass in a forest; they have helped me with everything from getting my business license to even helping to grow and promote my business “- Estelle Berglin, Global Influencer and Owner of Swealife.
What do start-up advisors really do?
A business can officially start operations once it has a license. Obtaining a license, however, is a multi-level process involving many government approvals, understanding and drafting legal documents, and dealing with many bureaucratic agencies. All of these procedures and documents can be long and confusing, and business owners often make mistakes when selecting jurisdiction, getting certain documents wrong, or simply not knowing what will follow. In this scenario, a business setup consultant saves you time, hassle, and many times the money that one might have to pay for not knowing the correct protocols.
We spoke to one of the most reputable start-up specialists, Creative Zone, to gain an in-depth understanding of how they help entrepreneurs set up in the country, start the business and grow it.
Evaluate the cost of setting up the business
The most common question people want to know before they start is how much will the entire installation process cost? There cannot be a standard cost, as the cost is entirely dependent on business activity, jurisdiction, visa requirements, and many other factors.
There is a common assumption that some jurisdictions cost less than others, and often people choose these areas without considering their business needs, target customers, and future expansion plans. A business start-up advisor provides you with profitable options while considering your current and future business needs. It’s hard to know for a new entrepreneur, who is out of sync with the UAE’s business landscape. Put simply, a business start-up advisor can always offer you a third option or a new approach that you didn’t know existed.
Creative Zone has a cost calculator installed which gives an approximate cost and packages suitable for your business.
License approvals
If you are a newbie entrepreneur, you have a million things to do before you start the business. A business start-up consultancy takes all the bureaucratic red tape, complicated paperwork, government approvals off your plate. This is actually one of the most important reasons people choose to go to business start-up advisers because they do the entire start-up process on your behalf.
Opening of bank accounts
A new business needs more than just a license, and one of the trickiest things to do is open a business bank account. Before even considering opening an account, companies must submit a comprehensive list of documents such as an office lease, MOA, business plan, share capital, legal structure, and other complex documents. . Therefore, opening bank accounts is one of the most convenient and best-selling services of Creative Zone. Their in-house concierge team prepares all paperwork and liaises with banks on your behalf. Taking care of your office space and Ejari is their collaborative workspace in downtown Dubai offering all the amenities a young and modern business needs.
Choose the appropriate legal form and jurisdiction
Business start-ups can explain the difference between different types of businesses and which one is best for their business. The selection of a jurisdiction is one of the most crucial decisions an entrepreneur must make in the early stages of the business which plays a major role in determining the future of the business. It is therefore necessary to choose the jurisdiction with care because opening a business costs less than closing it. You can choose between a continental, free zone, or offshore, but let your target audience and the market determine that.
Visas, Compliance, Offices
A business start-up consultancy would also handle employee and investor visas, medical fitness certificates and the UAE identity card. Creative Zone is the only existing business creation consulting firm that offers tax and accounting services, concierge, coworking spaces, insurance, legal services, human resources, payment gateway, currency exchange and even commercial development. Their unique business development model is helping new organizations enter the UAE market and provide initial advice and support to successfully establish themselves in the country. The program is also ideal for entrepreneurs already in the country, but needs help liaising with industry leaders and potential clients.
To set up your business with Creative Zone, write to [email protected] or call 800 LICENSE
