Tax preparation and filing services
Most of the firms consider the process of tax filing and preparation as a time-consuming and complex process. These firms, lookout for tax consultants to acquire professionalized services who can perform the activity with maximum accuracy and standards. By transferring their burden to the tax consultant firms they can get enough time to focus on other core activities of the business. So, a Tax consultant company also has a good future in the coming times due to the introduction of corporate tax on business profits that may be introduced from 1st June 2023 as being one of the reasons.
• Payroll processing firms
Most of the firms in Dubai find it difficult and time-consuming to manage their in-house payroll system. It is a complex procedure as it involves the maintenance of workers’ and employees’ databases and recording their tax returns, bonus advances, employee vacation, etc. So, most of the firms may approach a payroll processing firm to outsource their services, hence it is a prospective opportunity for the start-ups.
Research and development companies
Every company tries to conduct thorough research about the market, its demography, target audience, their behaviors, attitude, etc. before setting up a firm. Most firms in Dubai try to outsource their research and developmental activities as it needs the assistance of experts. Setting up a research and development firm will be more useful to other firms as well it will be a more income-generating business in Dubai.
