In terms of entrepreneurship and business development, the Asian continent is experiencing an era of transition. This region is also full of countries with rising economies, which is fuelling corporate expansion. In this sense, the UAE has played an important role. To encourage a healthy business growth environment, the region has changed several regulations and made significant modifications to the legal, administrative, and regulatory frameworks for foreign enterprises wishing to expand into this region. This has also increased the demand for business consultants. The APAC consulting sector is now worth over $25 billion, and growth in recent years has seen it take one-sixth of the global industry.
However, the path is not made of roses. In order to successfully start and operate a business in the region, new firms must still complete a number of procedures, which come with a multitude of challenges. While setting up a company, obtaining licenses and documentation prepared takes about 4-5 business days; opening a local bank account for the business can easily take 4-5 weeks. Furthermore, financial constraints, particularly for new enterprises and entrepreneurs, provide significant hurdles. Alliance Street Consultancy, a trusted and leading consultant based out of Dubai, helps businesses overcome these stumbling blocks. The firm is on a mission to help clients make their dreams come true by aiding in business establishment with ease and peace of mind.
A Gamechanger Brand
Alliance Street Consultancy began operations just two years ago, with Stallone Shaikh as a founding member of the company. The firm’s mission is to help new visionaries start their businesses with ease and confidence by providing them with all the necessary tools they need to succeed. In a short span of time, since its inception, the firm has assisted hundreds of companies to get a solid footing in the region.
“We are committed to helping our clients achieve their goals of starting up a new venture or expanding an existing one. Our team has worked closely with startups and small businesses across different industries, including retail, technology, education, healthcare, and so on, so, we understand your unique needs and challenges that come with running a startup or growing an established business in this competitive market today. Let us be your partner through every step of the way”, states Stallone Shaikh, Managing Director, Alliance Street Consultancy.
The company’s objective is to become the most prominent business setup organization in Dubai. Knowing that establishing a business in Dubai can be a difficult process, Alliance strives to make it as straightforward and effortless as achievable. The team assists clients at every step of the process including selecting a company name, applying for licenses and approvals, registering with government organizations, and much more. Furthermore, the organization provides free consultations to entrepreneurs in order to understand their requirements and ambitions before providing advice.
Comprehensive Suite of Services
Drawing from a unique experience with a client while working at one of the top 5 Banks in UAE as a relationship manager, Stallone shares how he became interested in this occupation of business consulting. He states, “While I was working at the Bank, I got a client, who was looking to open his business bank account for a holding company. When I asked what business he would be doing, he shared that he would trade for his other companies.
Being a holding company, this was not correct, as this type of company cannot indulge in trading activities. He had to go back and amend the gaps and spend more money to settle things correctly and change his company structure. This got me thinking that this could be avoided had he received proper business consultations focused on the ins and outs of UAE’s regulations, and guided him about the right company structure. And this is where I think our biggest benefit lies”.
Alliance Street Consultancy, a certified business setup consulting firm, while offering a comprehensive suite of services to the clients, also offers one of the biggest advantages in the form of helping clients understand the end goal of company formation, and advise accordingly.
The team offers end-to-end solutions by offering services for company formation and set-up in the free zones as well as the mainland, visa procedures, documentation preparation, consulting services, company registration, licensing services, 050 PR services, digital marketing, and website creation, bank account opening services, administrative support, and financial support. The firm guides clients throughout the process of business setup in the UAE, saving clients from making errors like the one Stallone encountered. This not only saves clients’ time and effort but also an investment.
“When we set up a company, we personally like to put ourselves in the client’s shoes and understand his needs. If clients come up with any activity they wish to do, we put the thought to see whether they would be better suited for a free zone or a mainland company, which type of bank will be suitable for them, and more. Also, while understanding the new regulations, we think about their company as our own, and guide them in the right processes, keeping a long term goal in mind”, further shares Stallone.
Processes & Due Diligence
One of the reasons which have contributed to the firm’s great success is the thorough process that is being followed every step of the way. In its aim to serve clients in the best ways possible, the firm also ensures it follows thorough due diligence from the start. This includes running comprehensive background checks on the clients as well to ensure the team is onboarding clean clients and has more of an idea about the business aspirations based on their past activity.
Knowing that establishing a business in Dubai can be a difficult process, Alliance strives to make it as straightforward & effortless as achievable
It also gives the teams an insight into what direction the client may want to take their business, whether or not they are treading the right path, what changes must be made, and so on. The firm’s success is the result of the dedication and hard work of the team which consists of six experienced individuals, and ex-compliance officers, well-equipped with the requirements for business setup in UAE.
Future Roadmap
“I think the growth has been exponential over the last two years. We also work with lawyers in Europe as needed. For the coming years, we are also expanding to some new locations in the UAE, Qatar, and Saudi and are looking to form new branches in some of the free zones and into the mainland. By the end of this year, we should also be expanding our workforce to at least 10 to 12 employees”, lastly shares Stallone.
In addition to these growth prospects, the firm is also looking to integrate more advanced software like CRM systems, to streamline processes. Furthermore, the firm is seeking to expand its range of offerings like Golden visas, VAT filings, and Tax Consultancy in accordance with the expanding regional policies like tax systems, which are expected to become a significant challenge soon. Lastly, while the firm has a number of partners working in tandem, Alliance is striving to soon incorporate all these outsourced functions within its in-house operations. Being a new firm, the company has a lot of scope for growth, and with continued tenacity, Alliance is on the trajectory to be the leading firm in the UAE for all business consulting solutions.
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