Business Consulting and the role of a business consultant

 An ideal Business Consultant from a consulting company has experience working with a broad range of businesses. It is the overall experience of a Business Consultant which makes the consultant more capable. A good Business Consultant possesses experience in different types of businesses and industries, while also having industry specific experience in running companies, in the finance department of a company and also in the marketing and sales of a company. Experienced Business Consultants have the exposure in all stages of the company such as launching, growth, existence and maturity. Simply put, a good Business Consultant has real world experience with many types of companies to be an efficient consultant. .

Consulting Services Company assigns business consultants to each organization depending on their area of expertise. They would want to know more about your business to serve you better .As the owner of the business, you know more about your business than anyone else. Therefore, a good business consultant will take his time to learn from you, your department heads and key employees to have a detailed view. It is only after this step that he can start providing you with financial consulting or business consultancy services.

After a Business Consultant has studied the details of your business, he starts to work on identifying problems and opportunities. You could put forth the existing problems and situations, but a business consultant should follow a certain process to find and assess hose issues. He can provide you effective solutions as he views the issues and opportunities in a completely different prospective.

After identifying the problems and opportunities a Business Consultant will analyze the information to provide robust solutions and strategies for the future. The Business Consultant focuses on a company’s strategies to solve immediate problems, while providing suggestions to avoid future problems. In short, a Business Consultant will minimize expenses and maximize profits utilizing a proven methodology.

A Proven Business Consulting Process includes these primary tasks such as learning about the business, identifying the problems, identifying the future opportunities, performing analysis, providing solutions through a substantial plan, listening to feedback and adjusting the plan, implementing and tracking the plan .In a nutshell business consultants can provide the business with Financial consulting, IT consulting and business consultancy services that are mandatory for an enterprise to have a hassle free financial aspects at present and in future. Business Consultant helps you to implement the Business Plan, follow up the progress and adjust the plan periodically according to the changes in the market place. A Business Consultant is an investment for a successful future of your company.

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Why do you need Accounting and Financial consulting services for your business?

For any business to have a trouble free managing, the financial aspect has to be robust. An accountancy firm with a competent team of chartered Accountants that provides financial consulting and accounting service is what you need for your steady business.

Every enterprise requires having their financial system running accurately, and for this you may have to take the assistance of the companies that offer accounting service, financial consulting and business accounting services immediately. Most of these companies offer payroll services too. The payroll services include payroll processing, payroll tax filings and maintaining Employee earnings records.

Financial consulting is a service provided by firms to large businesses, organizations both government and private and individual clients. A financial consultant advises and provides suggestions for a business plan or a decision. The two types of financial consulting are business and personal.

Companies who require expert services in accounting, finance, insurance and other aspects of finance engage a business financial consultant. Individual clients make use of the services of financial consultants to manage their investments, property holdings and long-term financial plans.

This type of work requires a vast knowledge in accounting, finance, insurance and business management. Personal financial consulting is helpful for people with sound financial background and complex investment pattern. The services Personal financial consulting is usually a service required by people with significant financial resources and a complex investment portfolio. These services of these financial consulting professionals include investment advice, tax planning, income management, risk assessment and long-term investment planning. Any audit assurance or an accounting firm can provide you with an individual finance consulting professional to help you manage your assets and investments with lowest risk possible.

A financial consultant or an accounting services provider can help you with the financial and legal aspects of your business, inheritance or property earned by you. It is worth to hire a professional accountant or a business accounting specialist if you own a business. If you are an individual and you have any personal finance investment plans you may require the services of a chartered accountant too.

Whether you are trying to manage your budget or want help preparing your taxes, having one of these companies will help you overcome the complications involved in the taxing process. By hiring a right accountancy firm for managing your company’s finances, you can be free of any complexities involved in the finance front and the system will run smoothly.


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Requirements for business incorporation in Dubai

Business formation in Dubai is a simple process if you are aware of the facts and requirements. UAE has one of the finest economic stability and profitability. The flexible options and policies are too good to be overlooked.

However, starting up a business from scratch in Dubai may put you through a lot of hurdles unless you know how it is done or you get the assistance of an expert to take care of it for you.

Hiring an expert Business Consultant

One of the best ways to go about with business incorporation in Dubai is to hire a local expert to take care of all the factors pertaining to the investment. Business consultants in the UAE, especially those operating in Dubai, are cautious to prepare themselves with thorough knowledge of the market, as well as the various laws and requirements of the bureaucracy to be kept in mind by foreign investors to set up business in the city. The factors that are mandatory requirements for a business set up in Dubai :

Business Analysis and Research:

Your Business Consultant has to perform a complete analysis of the market for the products and services related to your business. The consultant will analyze and identify the opportunities in the market for the proposed enterprise .They then come up with a catalog of common requirements and issues. This usually includes regulatory hurdles you may have to go through for properly registering your business in the city, categorizing the possible expenditure and investment, possible financial assistance options etc.

Legal procedures

Your business consultant ensures that all the requirements and paperwork involved in registering your business in Dubai are completed as they usually are well aware of the government policies for foreign investors and other legal formalities. These formalities may include getting your documents signed, sealed and filed with the concerned authorities to ensure you start your business operations as soon as possible.

It is worthwhile to hire a local business consultant for your business incorporation requirements in Dubai. But some may feel the pinch of it as it is a little expensive option. If you are planning to do the research and complete the formalities on your own, these tips might be useful.

• Know the market by doing an extensive research to know the pulse of the market for your proposed enterprise in the region. This has to be done very carefully as you are the investor. You may want to take help of a native or a sponsor from Dubai regarding this. They can help you come up with a business plan as they are aware of the rules and regulations well. Make sure you have the knowledge of the foreign investments rules and policies of Dubai as you may need the information to fill the required documents.
• Find a local partner who can sponsor to set up your business or you may have to start your business in one of the Free Trade Zones in the city. The law requires you to have a native UAE sponsor as a partner for your business. You can easily find a partner as there are many options available. However, you need a sponsor who has the knowledge of the market and your business specifically to make sure; he can run the business in your absence.

The next huge task is to look for the financing options. As an investor, you might require to apply for a loan with any bank and accumulate funds to expand your operations. Any local business consultant might be able to help you with your financing.


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Common Post Business Incorporation Procedures

These are the procedures that have to be completed post business incorporation process.

Post the incorporation process, a company whether public or private becomes a separate legal entity that is distinct from the members who incorporate it. The company has an owned name and a registered address for its operations.

The company performs its operations through the directors who are based at the jurisdiction. The board members are appointed by the management of the company. The Directors have the power of policy making and running the offshore operations. They report to the headquarters of the organization.

Post incorporation the documents and reports that have to be filed annually are balance sheet, annual return and some periodic reports that have to be filed with the ROC.

Board members selection


A chairman has to be appointed or elected for the board. Further, first directors are selected and their names are featured in the articles of business incorporation. A new member can be inducted in the Board at any time by conducting an opinion poll and announcing in the Board meeting.

Business Transaction commencement


The board then appoints auditors within the first month of the incorporation. If the management board fails to appoint auditors in the first month of inception, the shareholders appoint them through a general meeting. The first board of directors arrives on a financial year that usually commences from the date of incorporation to the approaching 31^st March. Second financial year starts from 1^st April to 31^st March of the next year. Apart from 4 mandatory board members meeting, an Annual General meet is conducted including all the shareholders where the annual reports of audit, finance are released and discussed.

Issue of Share Certificates


Share Certificates are issued in the first board meeting with the unique company seal and authorized by the board of directors.

Annual Accounts and Audits reports

These reports are filed and discussed in the annual board as well as general body meeting. These documents have to be registered with the jurisdiction registrar without fail.

Filing Annual Returns and the statutory books to be maintained

The company should compulsorily file annual return, duely authorized by the board as well as the management to ensure transparency. The company also should have a permanent mail address for all the legal communications with the concerned registering officer of the jurisdiction. The company should maintain statutory books and registers pertaining to the operations and transaction of the company diligently to avoid any penal actions.


If a business incorporation is done following all the necessary procedures and keeping into account the offshore location’s policies and rules in mind , the process will turn out really beneficial for the organization.

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