07-19-2021, 08:50 PM
Many of the clients that approach us in the region always want to know how do I start an audit firm in UAE. One of the major challenges for new investors in the region is finding a way to attract private capital for their new ventures in the region. Because of the lack of expertise in the area of finance, there are not a lot of experienced firms around that can help you find private capital for your ventures. Of course, it would be ideal if there were but unfortunately, there is no such thing as a free lunch. So, how do I start auditors in JAFZA?
The first step to take, obviously, is to secure your local market and ensure that you have the necessary capabilities to compete against other firms of similar size and scope. In order to do this, you need to determine what other firms in the region are doing and whether or not your firm has any unique selling points that can set you apart from the rest. One of the ways that you can do this is through specialization. For instance, if you offer a particular type of accounting service related to that specialization, then you can ensure that your firm will be able to stand out from the competition by positioning yourself as the service provider for that specialization. This can be done by choosing a field of specialization (such as commercial audits or ship inspection) and setting up a shop in the area where you have a unique advantage over your competitors.
Once you have established yourself in the region by specializing in a specific field, then you are ready to start recruiting some investors. The easiest way to do this is through referrals. If someone you know recommends an individual firm to you, then it makes sense to follow up on the recommendation and set up a meeting with that person to discuss the possibility of investing in the company.
The first step to take, obviously, is to secure your local market and ensure that you have the necessary capabilities to compete against other firms of similar size and scope. In order to do this, you need to determine what other firms in the region are doing and whether or not your firm has any unique selling points that can set you apart from the rest. One of the ways that you can do this is through specialization. For instance, if you offer a particular type of accounting service related to that specialization, then you can ensure that your firm will be able to stand out from the competition by positioning yourself as the service provider for that specialization. This can be done by choosing a field of specialization (such as commercial audits or ship inspection) and setting up a shop in the area where you have a unique advantage over your competitors.
Once you have established yourself in the region by specializing in a specific field, then you are ready to start recruiting some investors. The easiest way to do this is through referrals. If someone you know recommends an individual firm to you, then it makes sense to follow up on the recommendation and set up a meeting with that person to discuss the possibility of investing in the company.