business consulting

Dubai Consulting

By Linda McKinney 15 August, 2023 3 mins read

Dubai as a consultant has its pros and cons. It is cheaper to live in Dubai and the government places more emphasis on diversification within other sectors. But the work environment here is not as professional and focused on people development as in the US. It can be more challenging to find work-life balance, and it can also be less enjoyable.

TRC PAMCO Middle East

TRC PAMCO Middle East, which is a boutique accounting and consulting firm, specializes on Accounting, Auditing, and Management Consulting. This company has over 18 years of industry experience. They are located in Al Owais Building at Al Rigga Road. For more information, contact them through the contact information listed below.

They have a team of 70 professionals who specialize in the region, with three offices located in Dubai and Abu Dhabi. They entered the Middle East market in 2005 with their Construction Solutions practice. It has since grown to be a market leader. The group of experts that make up this practice offers solutions to clients across a range of construction disciplines.

PMC Solutions DMCC

PMC Solutions DMCC Dubai Business Management Consultant. They offer comprehensive solutions for company formation and management. Their expertise can help business owners set up and maintain a company. They can help with things like VAT consultation, opening corporate bank accounts, accounting and secretarial service, second citizenship, and much more.

PMC, an independent business consulting company, provides financial accounting services and business management in the UAE. Financial systems are offered by the company to improve efficiency and streamline the accounting process. PMC's accounting solutions provide easy access to important business information.

Strategy&

Strategy& is well-known for its ability to recruit business school graduates. Strategy& also welcomes people with degrees outside of business like engineering and medicine. Its consultants have a wealth knowledge and expertise in the Middle East which makes them a highly sought-after option for clients.

Strategy& encourages its employees to be themselves. Employees are placed on engagements that suit their interests and develop their core consulting skills. After one or two years, they are given more responsibilities and opportunities to participate in defining projects. There are offices in North America, Europe and Australia.

Bain

Bain & Company Middle East offices have been enriched by two new Partners. Karen Khalaf & Elif Koc are experienced financial advisors in a range of geographies and industries. These partners bring significant expertise in the areas of fund strategy formulation, portfolio management and organic growth strategies. Bain is expanding its capabilities in the region.

Bain has been active since the early 1990s in the Middle East. The region has emerged as a burgeoning hub for leaders in private equity, consumer products, technology, and other industries. The Middle East is a growing market that continues to offer new opportunities for consulting firms.

McKinsey

McKinsey Dubai Consulting collaborates with many of the largest institutions across the region to create strategy and enhance capabilities. The firm's goal is to turn organisations into regional champions, and to improve their performance. Its team is made up of some of the top professionals in the world. Some of our clients are leading institutions in both the public and private sector.

McKinsey Dubai Consulting is a global company. McKinsey consultants can transfer to other offices and even take on secondments. Additionally, the company promotes flexibility and offers career development programs. Take Time is an initiative of the company that allows consultants up to 10 weeks extra between projects. It encourages flexibility and helps employees manage work time.

FAQ

Do I require legal advice?

Yes! Consultants often create contracts with clients without getting legal advice. This can create problems down the line. For example, what happens if the client terminates the agreement before the consultant's completion date? What happens if the contract stipulates that the consultant must meet certain deadlines?

It's best to consult with a lawyer to avoid potential problems.

How much are consultants paid?

Some consultants make over $100k per year. However, most consultants only make $25-$50k. A consultant's average salary is $39,000 This includes both salaried and hourly consultants.

Salary depends on experience, location, industry, type of contract (contractor vs. employee), and whether the consultant has his/her own office or works remotely.

What is the average time it takes to become a consultant

The length of time required varies depending on your background and industry. Most people begin their journey with less than a month before finding work.

Some consultants work for years to perfect their skills, before being hired.

Do I need to pay tax on consulting income?

Yes. You will have to pay taxes on your consulting profits. It depends on how much income you make per year.

If you're self-employed, you can claim expenses on top of your salary, including rent, childcare, and food.

But, interest payments on loans, vehicle and equipment depreciation will not be allowed to be deducted.

If your annual income is less than PS10,000, you can only claim 25% back.

Even if you earn more than the threshold, you could still be taxed depending upon whether you are classified as a contractor and/or employee.

Employees are generally taxed through PAYE (pay as you earn) and contractors through VAT.

What are the benefits to being a consultant?

Consultants are able to pick when and where they want to work.

This means that you can work when you want and wherever you want.

You can also easily change your mind, without worrying about losing any money.

Finally, you are able to manage your income and make your own schedule.

What can I count on from my consultant to help me?

After you have selected your consultant, expect to hear from them within a few business days. They will ask you for information about your business, including the mission, goals, products, and budget. After receiving this information, they will prepare a proposal outlining their scope of work, estimated timeline, fees, deliverables and milestones.

If everything looks good, then the two parties will negotiate a written contract. The type relationship between the two sides (e.g. employee-employer or independent contractor-employer) will dictate the terms of the contract.

If all goes according to plan, the consultant will begin working immediately. The consultant will have full access to your files and resources. You'll also have access to their skills and knowledge.

Don't think that consultants are experts. It takes practice, effort and practice in order to be an expert in any area you consult. Do not expect your consultant to be an expert in every aspect of your business.

What is a consultant and what are their responsibilities?

Consultants provide services for others. This is more than a job title. You help others achieve their goals. This is done by helping others understand their options and making the right decisions.

Consultants are skilled at solving problems and overcoming challenges that can arise during projects. They also provide advice and guidance on how to implement those solutions.

Consulting should be able answer any questions related to technology, finance, law and management.

Statistics

Over 62% of consultants were dissatisfied with their former jobs before starting their consulting business. (consultingsuccess.com)
On average, your program increases the sales team's performance by 33%. (consultingsuccess.com)
My 10 years of experience and 6-step program have helped over 20 clients boost their sales by an average of 33% in 6 months. (consultingsuccess.com)
67% of consultants start their consulting businesses after quitting their jobs, while 33% start while they're still at their jobs. (consultingsuccess.com)
Over 50% of consultants get their first consulting client through a referral from their network. (consultingsuccess.com)