consulting

Dubai Consulting

By Andrea Ell 25 May, 2023 3 mins read

Dubai is a good place to work as an consultant. It is cheaper to live in Dubai and the government places more emphasis on diversification within other sectors. However, the US has a more professional work environment and is more focused on people development than the UK. It is not as conducive to work/life balance and can make it less enjoyable.

TRC PAMCO Middle East

TRC PAMCO Middle East, a boutique consultancy firm, specializes in Accounting, Auditing, and Management Consulting. The company boasts 18 years of industry expertise. They are located at Al Owais Building in Dubai, Al Rigga Road. Contact them via the contact information below to find out more.

Their team includes 70 experts who are located in three offices in Dubai, Abu Dhabi and Abu Dhabi. In 2005, they entered the Middle East market with its Construction Solutions practice, which has grown to become a market leader. This practice is staffed with experts who can provide solutions for clients in many construction disciplines.

PMC Solutions DMCC

PMC Solutions DMCC is a Dubai-based Business management consultant. They provide comprehensive solutions for company management and formation. You can get expert advice from them as a business owner for setting up a company and making sure it is properly registered. They can assist with opening corporate bank accounts and VAT consultations.

PMC is an independent consulting firm that offers financial accounting and business management services in the UAE. Financial systems are offered by the company to improve efficiency and streamline the accounting process. PMC's accounting solutions make it easy and convenient to have access to vital business information.

Strategy&

Strategy& has earned a reputation for being a top recruiter to business school students. Strategy& also welcomes people with degrees outside of business like engineering and medicine. Its consultants bring a wealth to the Middle East and are highly sought after by clients.

Strategy& is proud of its culture, which encourages employees to be their best selves. Employees are placed on engagements that suit their interests and develop their core consulting skills. After one or two year, employees are offered more responsibilities and the chance to take part in defining project goals. The firm has offices all over the globe. These include North America, Europe (Australia), New Zealand, New Zealand, South America and Southeast Asia.

Bain

The Middle East offices of Bain & Company have welcomed two new Partners. Elif Koc and Karen Khalaf have extensive experience supporting leading financial investors in diverse geographies and sectors. These two newly appointed Partners bring significant expertise in fund strategy formulation, portfolio planning and organic growth strategies. Bain is expanding its capabilities in the region.

Since the 1990s, Bain has been active throughout the Middle East. The region has emerged as a burgeoning hub for leaders in private equity, consumer products, technology, and other industries. The growth of the Middle East continues to spur new opportunities for the consulting firm.

McKinsey

McKinsey Dubai Consulting partners with the most important institutions in the region to help them develop strategies and improve their capabilities. The firm strives to transform organisations into regional leaders and improve performance. Its team is made up of some of the top professionals in the world. Our clients include leading institutions in the public and private sectors.

McKinsey Dubai Consulting covers the entire globe. Its consultants are free to transfer to other offices or even to go on secondments outside McKinsey. It promotes flexibility in its culture and offers many career development opportunities. The company's Take Time initiative allows consultants to take up 10 weeks off between projects. This encourages flexibility and helps employees manage their work hours.

FAQ

Is it possible to be a consultant?

A consultant is someone who can help you reach your goal by providing advice on ways to make things better, more cost-effective, etc.

Consultants can help you resolve problems, make decisions, and negotiate with other people.

For specific tasks or projects, consultants are often hired.

In reality, consultants are generally paid hourly or daily rates and not per project.

What kind of jobs are there for consultants?

Being a consultant will require you to have a solid understanding of business strategy as well as operations. You need to be able to comprehend how businesses function and how they fit in with society.

Consultant work requires excellent communication skills and the ability to think critically.

Consultants should be flexible because they may be asked for different tasks at various times. Consultants should be able to quickly change their direction if necessary.

They must be willing to travel for their clients. This kind of work can take them around the world.

They also need to be capable of handling stress and pressure. Consultants may sometimes be required to meet tight deadlines.

Consultants might be required to work long hours. This could mean that overtime may not always be paid.

How do I get clients for my consultancy business?

The first step is to find an area you are passionate about. You could choose anything from public relations to social media, but it should be something you love. You might have to start small, such as by finding niche markets like web design. Once you find the right niche, it is important to know what makes it tick. What problems does it solve Why should people use this? But most importantly, what can you do to help them?

You can also try approaching businesses directly - perhaps they need someone who understands SEO or content creation, or maybe they just want to know where to go for advice on social media strategy.

If all else fails offer your services for free at networking events and conferences. It's a great way to get in touch with potential customers, without spending too much on advertising.

What happens after the consultant has finished the job?

After the consultant completes their work, he/she will submit a final summary of the results. This report will include project timelines and deliverables as well as any other relevant information.

Next, you will review the report and determine if the consultant has met your expectations. If not, you can either request changes or terminate the contract.

Do I need to pay tax on consulting income?

Yes, tax will be payable on any consultancy profits. This amount will depend on how much you earn each year.

If you're self employed, you can deduct expenses beyond your salary.

But you won't be able to deduct interest payments on loans, vehicle depreciation, or the cost of equipment.

Only 25% of your expenses can be claimed back if you make less than PS10,000 annually.

However, even if your earnings exceed this threshold you may still be subject to tax depending on whether or not you are a contractor or an employee.

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

Statistics

Over 50% of consultants get their first consulting client through a referral from their network. (consultingsuccess.com)
According to IBISWorld, revenues in the consulting industry will exceed $261 billion in 2020. (nerdwallet.com)
WHY choose me: Why your ideal client should choose you (ex: 10 years of experience and 6-week program has helped over 20 clients boost their sales by an average of 33% in 6 months). (consultingsuccess.com)
So, if you help your clients increase their sales by 33%, then use a word like “revolution” instead of “increase.” (consultingsuccess.com)
"From there, I told them my rates were going up 25%, this is the new hourly rate, and every single one of them said 'done, fine.' (nerdwallet.com)