As a global hub and a crucial point of connection between Europe and Asian markets, Dubai today exerts a strong attraction for those who are looking towards foreign markets and intend to expand their own business.
Expanding one’s business in the emirate inevitably means dealing with local dynamics and bureaucratic procedures, for which it is necessary to rely on professionals and experts in order to obtain tax planning and business set-up services.
Kelmer Group, an established entity for over twenty years, boasts a dynamic group of consultants with extensive local experience and specialization in a wide range of commercial sectors.
Among the services offered, those related to Tax and Legal are the core business, specifically company formation.
The Kelmer Group closely follows its clients from the preparatory phase to the implementation of a structure that allows for operations in the United Arab Emirates.
The consultancy offered by the Group follows a streamlined but highly technical process, starting with a thorough analysis of the business at hand, the reasons behind the decision to expand its scope, and the client’s expectations following the company formation.
This analysis is necessary to identify a tailored and customized solution based on the client’s needs and aimed at opening the business.
This analysis is essential for the company formation and crucial to avoid errors in evaluation that would result in complications in business management.
What are the essential requirements for approaching the local market correctly?
While it is true that the Dubai market has a lot to offer, it is equally important, as suggested by Kelmer Group’s consultants, to have carried out the necessary financial evaluations and have the necessary resources to access it.
A general understanding of the territory, dynamics of the local market, and what is expected from an investment in the country is also crucial.
To effectively start a business in the UAE, it is also important to have a small capital to invest in order to position oneself better in the market.
These elements, taken together, facilitate the identification of the best option to propose to the client during the company formation phase.
A well-defined project, a valid product/service, and a strategy to penetrate the market with relevant marketing activities are therefore the fundamental ingredients for the successful launch of a business in the UAE.
There are also multiple risks, mostly related to company formation, that one may encounter when attempting to establish a business in the territory without consulting experienced professionals. For example, setting up a B2C-focused company in a Freezone, which would result in the inability to operate, or opening a business in a Freezone that is not suitable for the intended activity. Cases where high rental costs are incurred due to incorrect initial analysis and require relocation are also common.
What are the steps involved in the consultancy provided by Kelmer Group?
The first step involves an introductory zoom call in which the client presents the project, followed by the preparation and elaboration of the proposal by Kelmer, which may take 2 to 7 days. This is followed by a second zoom call to discuss the costs and services in detail.
Once the client has completed their evaluations and entrusted the mandate to Kelmer Group, the process of obtaining the license and bank account begins.
The timeline for completing the company formation process varies depending on the nature of the company. The timeline will be shorter for a more streamlined process in the case of setting up a company in a Freezone or if the shareholder is an individual subject to fewer controls.