By: Mae Cornes
Deciding to open a business is already daunting. However, navigating all the policy requirements and technicalities is even more challenging. In the burgeoning commerce of the United Arab Emirates (UAE), myriad steps in the process continue to make starting a business both demanding and tiring.
Regulations in company registration in Dubai have evolved to enhance the regulatory frameworks that both domestic and foreign enterprises use to expand into this region. Thankfully, business expert Stallone Shaikh leads business consultancy companies like Alliance Street Consultancy, which streamlines the process.
Stallone uses his in-depth knowledge of UAE business structures to guide entrepreneurs through the intricate business setup and company formations in Dubai. His company, Alliance Street Consultancy, specializes in simplifying business procedures and provides bespoke services that cater to each client’s specific needs.
The Beginning of Shaikh’s Vision
A crucial learning experience during his tenure as a relationship manager at one of the banks in the UAE sparked Stallone’s vision for Alliance Street Consultancy. He witnessed first-hand how misunderstandings about business structures and regulatory requirements could lead to costly and time-consuming corrections.
Stallone shares that a client misinterpreted the operational scope of a holding company in this incident, leading to significant financial and procedural setbacks. Recognizing the need for expert guidance tailored to the nuances of UAE’s business regulations, Stallone established a consultancy company to prevent such costly errors.
He aimed to create a service that helps entrepreneurs save valuable time and money while accelerating their journey toward successfully running their businesses in the UAE.
For Stallone, every moment and money saved in the process brings an entrepreneur closer to their dream while conserving essential resources that are scarce in the early stages of business development. Correct knowledge of the legal and operational constraints of such a company structure in the UAE prevents unnecessary expenditures and delays.
Maximizing Founder’s Expertise
The strength of Alliance Street Consultancy significantly derives from Stallone’s extensive experience in the banking sector, particularly during his tenure as a Relationship Manager for Corporate Banking.
With 13 years of experience working within the UAE, Stallone has amassed a profound understanding of the region’s economic and regulatory framework and has built networks of key industry leaders. This deep-seated knowledge allows him to guide clients effectively, tailoring his consultancy to different business types’ specific needs and goals.
Stallone’s approach is informed by precise and up-to-date knowledge of the UAE’s business environment, ensuring that his clients do not waste time on unnecessary procedures. This expertise ensures that businesses align with local laws and industry standards from the outset, facilitating smoother operations and quicker starts.
“From choosing the right business activity to navigating bank compliance and tax regulations, we ensure that every step is handled with precision and personalized attention,” Stallone adds.
Setting Standards in Business Consultancy
Alliance Street Consultancy is redefining the standards of business consultancy through its unique approach to client engagement, practical advice, and long-term strategy support.
According to Stallone, one of its key differentiators is its thorough due diligence process. From the outset, they conduct comprehensive background checks on potential clients to ensure clean and transparent business dealings. This diligence gives the team insights into the client’s business aspirations and helps tailor their services to meet specific needs.
“Our approach is about more than just ticking boxes,” Stallone adds. “We strive to understand where our clients are coming from and where they want to go. This insight helps us steer them in the right direction, making necessary adjustments to their business strategies.”
Moreover, Alliance Street Consultancy offers more than procedural assistance. With their team of experts led by Stallone, they provide strategic advice that significantly impacts a business’s operational success.
This includes recommendations on the optimal business location, whether company registration in Dubai’s mainland, municipality, or free zone, the type of bank account suitable for the business’s financial transactions, the cost of company formation in Dubai, and other practical and legal considerations that ensure the business structure is robust and conducive to growth. They even partnered with a European legal firm, Vasil Legal, headed by Martin Vasil’, to help businesses comply with strict legal requirements and avoid conflicts and apprehensions.
Understanding that business tax is inherently complex, Alliance Street Consultancy offers reliable tax consultancy through its proprietary fast-track zero corporate tax feature. This service guides business owners through the proper steps to register their businesses in Dubai, providing a gateway to achieving zero-tax status by eliminating hindrances that typically prevent this advantage.
To further support entrepreneurs, Shaikh authored the book “Fast Track to Zero Tax,” specifically designed for entrepreneurs, independent coaches, and even traders. The book provides comprehensive guidance on business relocation and formation in Dubai, making it an essential resource for those looking to optimize their tax situation and benefit from Dubai’s favorable tax environment.
In pursuit of long-term success for its clients, Alliance Street Consultancy continues to support businesses even after its founding, attending to their post-establishment needs to sustain operations and drive continuous growth.
“Alliance Street Consultancy is not just about setting up companies; we aim to build foundations supporting sustainable business growth in the UAE. Our focus on long-term success sets us apart in a competitive market,” Stallone mentions.
An Ally Toward Innovation
As Alliance Street Consultancy looks to the future, it is focused on expanding its services and refining its processes to serve a growing client base better and adapt to continuously changing regulations. “We are constantly looking for ways to enhance our service offerings to ensure that we are not only meeting but exceeding our clients’ expectations,” Stallone reflects.
With its commitment to streamlining the process of company formation in UAE, Stallone Shaikh and Alliance Street Consultancy help materialize the UAE’s vision of becoming a leading global hub for innovation.
Their guidance and practical advice in simplifying procedures and navigating the complex regulatory landscape enable entrepreneurs and businesses with game-changing ideas and products to enter the market more efficiently. This, in turn, builds an environment conducive to innovation, attracting talent and investment worldwide.
Published by: Khy Talara
