The 3 Trusted Advisors Your Business Requires

In this ever-evolving and demanding world, we often find ourselves in need of people we can rely on for advice. An entrepreneur is no different in this regard and needs advisors now and then. Though advice and assistance would be required in numerous domains, we will list key areas that necessitate professional advice for a UAE-based entrepreneur: Business setup, banking, and taxes.

Here are the 3 trusted advisors your business needs:

Business Setup Advisor

It all starts with business setup. This is something that can be regarded as a stepping stone for any entrepreneur. Forming a company requires an entrepreneur to address a host of challenges. Whether it is understanding the applicable regulations, choosing the appropriate jurisdiction, or applying for the right license, handling everything on your own can simply turn out to be overwhelming, especially if you are just starting out.

Things will certainly get simpler if you engage with a business setup advisor in the UAE. As the designation implies, the individual specializes in forming businesses, knows the ins and outs of the procedures required, and is here to handhold you throughout the setup process. A company formation consultant in Dubai or any other Emirate of the UAE has the necessary know-how spread out across different verticals. Acquiring the services of such a professional will definitely help you get the right start.

You can leverage the experience and expertise that the company formation advisor has garnered through collaborations with numerous businesses. Besides, they have a well-established network developed through years in the service. Whether it is engaging with the relevant authorities, preparing the documents, or filing the necessary applications, a business setup advisor simply handles everything on your behalf.

Banking Advisor

Among the numerous decisions that you will make as an entrepreneur, choosing your bank stands out among the most crucial ones. Once you have received your business license and visas, bank account opening is the next step that follows. There are several factors that decide the ideal bank for your requirements, and once again, an advisor can help you out in this regard.

Based on your line of business, shareholder and company structure, and your business goals, a banking advisor will help find the right match. Besides, there is the aspect of eligibility and any other requirements that you may have. A banking advisor in the UAE will take all of these into account and recommend the right options for you. Subsequently, you will be assisted with the documentation, application filing, and other steps involved in the account opening process.

Tax Advisor

Before we highlight the importance of a dedicated tax advisor, let us remind you about the recent transformation that the UAE’s tax regime has undergone. The government had introduced the corporate tax in 2022, and as of the most recent regulations, almost all UAE businesses are required to register for the tax and file returns. Needless to say, a tax advisor is more important than ever for any business set up in the UAE.

The primary function of a tax advisor would be to assist you in managing your corporate tax and VAT obligations. And these obligations are much more than meets the eye. Besides registration and filing returns, you would need assistance in minimizing your tax liabilities. And then there’s the aspect of accuracy and timeliness, which if not ensured can have you facing penalties. Hence, a dedicated advisor is key to helping you stay within the scope of the laws and regulations associated with taxes in the UAE.

Imagine how beneficial it would be if you find a professional service that can act as your 3-in-1 advisor. That’s exactly how InZone can assist you. As a leading corporate service provider based in Dubai, InZone can assist you with business setup, banking, and taxation. Get in touch today, and avail all the advisory services that you need to successfully launch and run your business.