Threading the UAE business scene when you are new in the game is definitely overwhelming, which is why you need to have a trusted UAE company formation firm to help you out on every step of the way.
But you don’t just accept the first business setup proposal that comes your way. You need to be cautious when choosing the firm that will handle the set up as it would determine the track of your business. If you are on the process of getting a formation firm, here are some important questions you need to ask:
- What kind of formation do they specialize in?
There are lot of firms that offer business and company formation in Dubai and UAE, but mostly these companies have their cup of tea in terms of business set up and advisory services. Of course, it would be best to have a consultancy firm that can handle various business formation project. But you also need to base it on your needs. If you are looking to form an offshore company, then look for a credible and trusted firm that specializes in offshore company formation.
Opting to go for these types of formation firms can help you better since they are most probably focusing their business on this kind of service and their formation agents are trained to handle such cases.
- What is their approach?
Each company formation firm has different approach in terms of handling clients and it is important for you to know this aspect. Why? It would determine if their approach is something that fit your business needs and nature. Some business setup firms are client-centric. Meaning, this type of firm is more like to provide customized and tailor-made business solutions that are suited to what the client need and requires.
There are also one-stop shop formation firms who offer ready-made packages for clients whose requirements is not that complex and rigorous. To be able to choose, you need to determine your needs and compare them to the business proposal presented by your prospective firms.
The one that can tackle most of your needs would be the ideal choice for you.
- Overall cost of their company formation service
Cost plays a big part on choosing your prospective business advisory firm, especially if you are just starting in the industry. You may need to do some preliminary research on the costing so you can allot appropriate budget for the formation and setup. Most formation firms will provide a quotation based on your initial consultation. Be sure to make some adjustments on your budget as there might be some miscellaneous expenses you need to take into account.
- How well-connected they are
Most formation companies today are offering their network and connection to attract more clients. If you are starting in the industry, you probably need these connections to enhance your business perspective. It wouldn’t hurt to ask your prospective business setup firm about this, as you need all the help you can get when running your business.