Types of Business Consultants You Need to Know About

When you start with a business idea, the first thing you need is capital. However, people with sufficient capital also mess up their business in many cases because they don’t know how to use it properly. Starting a business is no small feat and keeping it afloat is an even bigger challenge.

But people accomplish it and they do so with the help of their good advisors and of course, business consultants. The need to hire a business consultant varies depending on the stage of your business. There are business formation consultants who will tell you which direction to go in when you are just establishing the company.

Accounting and Bookkeeping Services: The Must-Have Solutions for Your Business

To manage the financial health and to keep a clear picture of the financial condition of your company in your records, accounting and bookkeeping services are the best solutions available. Moreover, these records help greatly in monitoring the cash flows both in and out of the company, thus giving you the overall picture of the profit or loss incurred in the business. It doesn’t matter whether you are planning to sell your business or evaluating the records to monitor the performance from the past, well-managed business records help a lot.

How to Set up a Company in Dubai Free Trade Zone?

Experts of several renowned business consultancy firms who helping investors to set up businesses in Dubai, mention that entrepreneurs prefer setting up their offshore companies in the free trade zones in Dubai. The primary reason behind this is that companies located within free trade zones offers the benefit of 100% ownership to foreign investors, unlike a Limited Liability Company (LLC).

In LLC formation, the major shareholder should be a UAE national with 51% of shares. Company owners looking to expand their business and having a global presence choose Dubai because this city is conducive to the growth and development of business.