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Category Archives: Business Setup

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Why is Mauritius attractive for business?
Categories Business Setup

Why is Mauritius attractive for business?

Located between Africa and Asia, Mauritius is gradually becoming an international hotspot and not just as a tourist destination. Its pristine blue and white beaches as well as beautiful scenery are no doubt exceptional; but the attractions of this beautiful island, do not end there. Mauritius has by now, built a good reputation, as a reliable destination, for foreign investment as well. With one of the highest growth rates in sub-Saharan region: Mauritius has steadily changed from an economy dominated by just sugar cane to a multifaceted and advanced service economy as well. Along with geo-political stability, easy and transparent regulations, efficient financial ecosystem as well as variety of value-additions, Mauritius offers a plethora of facilities for investors. So, today, one can say that, Mauritius is a well-established business destination and the choice of investors who are seeking a secure and favourable investment platform. Investment options abound in Agro-industry, Aqua-culture, Ocean economy, Education, Financial services, Healthcare, Hospitality, Property development , Smart citiy set up, Information and Communication Technology companies, Business Process Outsourcing services, Life sciences, Logistics, Manufacturing, Media and Creative industries to name a few. Thus, driven by innovation and a fast-growing economy, today, Mauritius offers investors business opportunities in a broad spectrum of sectors, field and industries.

There are many convincing reasons why investors choose Mauritius for investing and living in, notably:

  • Mauritius offers competitive operational cost
  • Good governance - Mauritius ranks 1st in Africa for the Mo Ibrahim Index of African Governance 2018
  • Ocean State with one of the largest Exclusive Economic Zones in the world
  • A robust and independent legal system with the Privy Council as the ultimate court of appeal
  • Ease of doing business – Mauritius ranks 1st in Africa in the World Bank Doing Business 2018
  • Investment-friendly regulatory regime
  • Convenient time zone (GMT +4)
  • Economic democracy – 1st in Africa for the Index of Economic Freedom – Heritage Foundation, and 1st in Africa in the Economic Freedom of the World – Fraser Institute
  • Open to foreign investors and talents
  • Political stability – 1st in Africa for the Democracy Index 2017 (The Economist Intelligence Unit)
  • State-of-the-art technological infrastructure
  • Skilled and bilingual (English/French) workforce
Mauritius is an important member of regional economic cooperation blocs such as the African Union, COMESA, SADC and the Indian Ocean Rim, thus profiting from no trade barriers. Through a wide range of trade agreements, Mauritius also enjoys preferential access to markets in many export destinations especially European Union and the USA. Last but not the least is the various corporate tax credits and incentives offered by Mauritius as per their laws. No wonder then, that the economic track-record of Mauritius is respected in the international community and has found many takers among foreign investors.

The main thrusts of the Mauritian tax system are the following:

  • 15% tax on personal income (withholding tax).
  • No tax on capital gains.
  • No restrictions on repatriation of profits, dividends and capital .
  • 80% tax credits on offshore companies – GBL1 (effective tax rate of 3%).
  • No taxation on dividends.
  • Vast network of Double Taxation Treaties.
  • OECD white listed Jurisdiction.
  • 15% tax on corporate profits.
Now it's time to setup your business in Mauritius !
Read on Company Registration in Mauritius
How to get E-Trader or Online Trading License in Dubai ?
Categories Business Setup, License

How to get E-Trader or Online Trading License in Dubai ?

The E-trader license is for entrepreneurs or home-based individuals who sell services and products through social media platforms like Instagram. E-trader license was introduced by the Department of Economic Development (DED) to regulate the sales of online commodities sold through social media websites. The regulation curbs the sales of fake commodities and goods over social media. Licensing acts as a confidence booster for buyers or customers who engage in online purchase through various social media platforms. To obtain an e-trader license in Dubai, you have to engage in offering services or products for sale on social platforms. You will be interested on Trading License in Dubai When you plan to work from home on social media platforms, the e-trader license in Dubai is the solution to flourish your business. The Dubai e-trader license makes you do online business only in Dubai, to sell your services or products to other Emirates, you must get separate approval from the DED authorities.

The Benefits of E-trader license in Dubai

Obtaining an e-trader license in Dubai, gives benefits for individuals to promote products and services or legally sell through various social media channels like Facebook, Instagram or on a personal website. An e-trader license in Dubai provides other benefits like:
  • The E- trader licensing promotes trouble-free online sales and gives customer confidence.
  • Licensing brings authenticity to online trading and E-commerce.
  • While the E-trader license makes the individual the legal authority to sell or market a product through various online platforms such as websites and other social media platforms.
  • The home-based business entrepreneurs have a wonderful opportunity to take part in exhibitions, events and showcase their commodities and products.
  • The license holder could sell their product through various E-commerce websites like amazon. ae
  • The license holders could benefit by participating in the E-trader training program organized by the DED.
  • The license safeguards trade name and Intellectual property.

Documents needed for E-Trading License in Dubai and their estimated cost

Attach documents proving your age, residency detail and place of address to DED for obtaining the E-trading license in UAE and Dubai. You can open a shop with the license. The license promotes the business operating from residences. When you think of setting up a company in Dubai, the license, procedure and eligibility criteria are different.

Documents needed for the e-trading license in Dubai are:

  • Should be located in Dubai and have a valid Emirates ID.
  • The Minimum applicable age must be 21.
  • Must register the trade name with the authorities and the approval should be attached with the application.
  • Must have proof of residence (Makani number). While the Ejari is not necessary.
The UAE e-trader license can be issued within 5 business days. The payment must be made to the authority within 24 hours of issuance of the payment voucher. The Dubai Chamber of Commerce membership needs to commence commercial business activities. The license must be renewed annually, before one month of the due date. The E-trader license seems to be Emirate-specific. It depicts that the E- trader license issued in Dubai may not be used to trade in other Emirates. When you plan to sell a product to other Emirates, you have to seek separate approval from concerned DEDs. And you need to acquire another E- trader license for this. The GCC and UAE nationals could engage in commercial and professional trading through social media accounts. It means they are allowed to sell physical goods and commodities along with services through social media platforms. There are few restrictions for expat entrepreneurs in connection with online sales. The Expat entrepreneurs cannot engage in commercial trading but they could offer professional services. Eligibility for license issuance and the type of trading activity depends on the nationality of the expat entrepreneur. The information reveals during the license registration.

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Can a Foreigner Own a Business in Dubai?
Categories Business Setup

Can a Foreigner Own a Business in Dubai?

Can a Foreigner Own a Business in Dubai: The UAE is a business hub, and it is a great place to invest in and start a new business. Dubai is a land of opportunities. But, the law does not allow you to have a business without the sponsorship of an Emirati. There have been recent amendments allowing for 100% FDI, but the rules are not very clear on its operations. Meanwhile, if you are looking to open a wholly-owned business in Dubai, you can look at the various free trade zones. There are 20+ free zones in Dubai, and more are under construction. Different types of businesses can operate in specific free zones. Free zones have many advantages like 100% ownership by foreigners, excellent support, no currency restrictions, and efficient logistics and such.

How to start up a business in Dubai Free Zone?

  • Identify your business type and what type of company you want to set up. In the free zones, you can have a Free Zone establishment (1 shareholder), Free zone company ( 2 or more shareholders) or the branch of a company operating in UAE or any other country.
  • Check out which are the free zones where you can set up your business. Choose the best location depending upon the cost, footfall expectations and other margins.
  • Research about the free zone and find out the regulating authority- In Dubai, the free zones come under many authorities like Dubai Creative Clusters Authority, Dubai Multi Commodity Centre Authority and many more.
  • Know what type of licence to apply. Depending on the nature of your business, you can apply for trade licence, industry licence, service licence or general trade activity licence. The concerned free zone authorities issue the licences.
  • Choose and register the trade name. The trade name should be available for use with the concerned free zone authority, and the company name should follow the general naming convention according to the law.
  • Fill up the forms, get your documentation ready like a business proposal, MAA, copy of passport and other relevant documents and apply for the licence. You will get your licence in a maximum of four weeks.
  • Open a corporate bank account. Show all your documents about your business and your licence to open a corporate account.
  • Apply for a business visa. Depending on your licence you may get the visa for yourself and a few employees.

Setup your Business Today!

Categories Business Setup

Dubai: Great Platform for Women Entrepreneurs

Women make for a significant proportion of university graduates and the workforce of Dubai. Regardless of whether the women are Emirati or ex-pat, they are driven, have creative ideas and are willing to persevere through any circumstances to rise in the world of business. Dubai, as a whole, has an extremely entrepreneurial environment and encourages business ventures. That paves way for multiple business opportunities that women entrepreneurs want to make their way into the business market.

Aid from the Government

The UAE government has set in place many sustainable development goals. On its agenda, it is wording towards becoming one of the top 25 countries in the world for gender equality by 2021. There are many support programmes in place that initiate and encourage with the help of associations, councils and other entities for the Emirati women entrepreneurs and expat. The UAE Women‘s Organizations, Emirates Business Women Councils, and various other entities are constantly formulating policies to help promote women entrepreneurship.

Financial Aspects

From a survey by International Finance Corporation (IFC), it can be gathered that the financial aspects refrain from trusting women entrepreneurs and thus, women have to use their own personal money and savings to set up. To mitigate that, the Dubai Business Women Council (DBWC) provides guidance, technical support, advice, and even funding if the women entrepreneurs present creative and potential ideas and translate them into productive projects.

Balancing Work and Home Life

Many women have to balance their responsibilities at home and at work. It can be quite taxing to do that, and even more so when the women are at a leadership role and have to control and oversee all activity. Women are given special leeways and options to up skill themselves at home during cases of post-childbirth etc. The online platforms sources flexible and non-flexible roles and has an online platform through which women are offered training and skills sessions.

Workshops and Seminars

Throughout Dubai, there are several entities that focus solely on empowering women and have advisory programmes that enable women-led SMEs by providing guidance on practical business skills and confidence building. These sessions serve as motivation and inspiration for aspiring female entrepreneurs to follow their lead. When the government is ready to help, and the whole world is screaming for women empowerment, the women who want to be in business see it as an opportunity to rise. They will get the support from the right channels and according to surveys generate twice as much revenue than men-led companies if the marketing campaign and approach is appropriate. Dubai screams “You Go Girls!”.

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Benefits of Business Setup in Mauritius
Categories Business Setup

Benefits of Business Setup in Mauritius

Benefits of Business Setup in Mauritius : It takes just 2 weeks time to register offshore company in Mauritius, with minimum one director and one shareholder of any nationality. However, both are allowed to reside elsewhere besides Mauritius. US $1 is the least paid-up capital and new business is permissible to be registered in Mauritius without you requiring to travel to this island. Investments in Mauritius can offer entrepreneurs with innumerous incentive benefits that are available at the Export Processing Zones in Mauritius. Corporate tax exemption is provided to their resident company to about 10 years including custom duties upon selected raw materials and capital goods.

Favorable tax & legal environment in Mauritius

High levels of confidentiality offered in Mauritius combined with free capital repatriation, sound banking framework and no control over foreign exchange. Mauritius in July 2019 got removed from OECD report with regards to harmful tax practices, with the abolishment of GBL 1 (Global Business License-1) & GBL2 regime. But PER (Partial Exemption Regime) replacing GBL companies are subjected to economic substance needs, including:
  • Performing CIGA (core income-generating activities), from or in Mauritius.
  • Hiring local staffs for conducting CIGA.
  • Incurring expenses that are proportional to related activities.
Mauritius as per OECD is considered to be a tax compliant jurisdiction enjoying positive ratings over Luxembourg, the USA and the UK. Recently, BEPS multi-lateral agreement has been signed by the country, while adopting CRS to promote information exchange between countries. Founders as per Mauritius GBC1 (Global Business Companies) can reduce taxation legally on global earnings due to:
  • GBC companies in Mauritius for tax purpose are regarded as resident companies, however, enjoy benefits derived from low corporate tax of 3 percent on global earnings.
  • GBC remitted dividends and interests are exempted legally from withholding tax. Such companies do have better access to agreements to 44 double tax avoidance that has been signed with other countries including Italy, Germany, China, UK, India, France, United Arab Emirates, Singapore, Malaysia
  • Withholding tax need not be paid by Mauritius GBC in Mauritius on dividends that are remitted abroad to individual and corporate owners alike and on interest earned.
  • Business is allowed to be conducted by Mauritius GBC with local customers, to offer insurance and financial services, provided relevant license is obtained with Financial Services Commission in Mauritius.

Several tax incentives are offered to different types of industries in Mauritius, including:

  • Corporate tax exemption for 8 year period on profits availed from innovation activities to develop intellectual property assets. Companies registered after July 2017 is only eligible to derive such incentives.
  • All businesses that carry out work to develop a Marina are considered for corporate tax exemption for 8 year period.
  • All P2P lending firms (FSC approved) and certified e-commerce businesses by EDB can enjoy tax relief for 5 year period.

Strategic Location

  • Being the investment gateway to the African continent, Mauritius is considered to be an ideal destination. It does offer conducive business environment, has low corruption levels, low tax rates and bureaucracy, when compared to its surrounding neighbors.
  • Formation of offshore company in Mauritius is quite easy when compared to setting up in other jurisdictions.

Ecommerce business: Alternative location

Mauritius is found to work actively towards promoting this country as Africa’s headquarters for all ecommerce activities, while creating a Green Finance center through increased efforts to develop:
  • Development & Industrial Park at Naivasha, Kenya
  • Textile City, Madagascar
  • SEZ initiatives in Senegal, Ghana and Cote d’Ivoire

Mauritius business registry & its uses

Mauritius can be termed to be a wonderful destination to incorporate a holding company. This is more so for those entrepreneurs who run businesses in Africa, since they can benefit from double tax avoidance agreements that are signed by Mauritius and countries belonging to this region. The interested may opt to create a GBC. Mauritius is also noticed to be an emerging hub to develop call centers and BPO (Business Process Outsourcing) units due to the presence of multilingual workforce who are fluent in English, French and also communicate in Tamil and Hindi combined with low labor costs. RELATED ARTICLES : BENEFITS OF SETTING UP A BUSINESS IN MAURITIUS WHY IS MAURITIUS ATTRACTIVE FOR BUSINESS Black Swan Business Setup Services can help you in Company Registration Service in Mauritius. You can GET FREE CONSULTATION TODAY with our experts. You can request a proposal today to know about the cost and process of setting up of business in Mauritius.

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DUBAI MAINLAND COMPANY SETUP PROCESS
Categories Business Setup

Dubai Mainland Company Setup Process

Planing to setup your business in Dubai Mainland ? Listed below are step by step process involved in Dubai Mainland Company Setup

Business Activity

Creating a new business is a process. The process is highly stochastic and iterative. Here, entrepreneurs have robust business concepts. But the discovery in identifying opportunities and shaping them into business needs support as per the environment. And this support is provided by Black Swan Business Setup at UAE.

 Jurisdiction Choice

In Dubai, the business jurisdictions are separated zonally which helps to escalate the business especially in Mainland business setups, and ultimately benefits the free zone and offshore business establishments. The option of jurisdiction depends on the business activity and the nature of the choice of the business. Here also,Black Swan will assist your business to assess and recommend the best productive in relation to its cost and available in terms of jurisdictions.

Company’s Shareholding Structure Choice

The most common form of ownership in a company shares. There are many types of shareholdings that can be defined for a company each of which carries certain rights with respect to types to run business and selected jurisdiction. And can procure over the Dubai limited debt companies using different types of partnerships like a general partnership, partnership in commendams, public shareholding, private shareholding, joint venture, or shared partnership.

Tie in with a UAE National

An appropriate entry strategy is a must for every foreign investor seeking to do business in Dubai. Factors like the concerned sector, scale of operations, and costs and other commercial objectives varies depending on the entry strategy of the business. Broadly, foreign investors can set up a company in Dubai requires 51% of UAE partnerships in terms of LLC company or UAE agent in terms of free zone company. But by establishing a tie up in Black Swan Business setup on mutual terms, the aforesaid conditions can be relaxed. With the said establishment, there are benefits for the investor i.e. not only tying up with a trustworthy UAE business partner but also helps in drafting the contracts ensuring the safety of an investor.

Name & Activity Approval

In Dubai before starting the business, the Department of Economic Development (DED) needs to approve the name and type of the business. Here also interference of Black Swan Business set up will ease the said task in the simplest way to the investor.

External Approvals

It is imperative that approvals, certificates and documentation are given through non-governmental and semi-governmental bodies before initiating a business along with the external approvals from the Department of Economic Development (DED) to complete the process of registration of the companies and business trade license.

Rent Business Place

After completing all the necessary process for initiating a business in Dubai, a tenancy agreement needs to be submitted well in advance in DED. In this regard, Black Swan Business Setup will assist in fulfilling the needs as per the governmental requirements. Also, identify the best place to rent in Dubai, drafts the agreement, tenancy contract and attain required papers notarized.

Granting of Initial Approval of DED

For initiating a business in Dubai, the Department of Economic Development (DED) provides the inchoate approval to the business. In continuation of the inchoate approval, the necessary details like reservation certificate, passport copies of all partners/shareholders in the company and consents received from the external departments are to be submitted for completing the process to start the business activity. Without the inchoate approval, no business activity is allowed within the company.

Memorandum of Association

The memorandum of association of a company is a document that governs the relationship of a company prescribing the share of limitations and liberty every partner with the company, one of the most important documents needed for the incorporation of a company.

Company Registration & Business License Procedures

The Dubai company registration and business licensing is a side by side process. Once the company is registered by the Dubai Economic Department in Dubai (DED) or the Dubai free zone authority, the business license will be in operation aptly.

In continuation to the aforesaid, there are a number of documents that may require depending on the business shareholding structure and the activity of the business.

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Industrial License: Operational privileges Grant by government
Categories Business License, Business Setup

Industrial License: Operational privileges Grant by government

Industrial License in Dubai: The Following are the operational privileges that government might grant you after availing industrial license in the UAE
  • Land allocation to factory site for reduced price or free of cost.
  • To derive more favorable terms, you need to rent out industrial buildings within the UAE owned industrial zones.
  • Factory to get water and electricity supply at reduced prices.
  • Provide desired information necessary with regards to similar industries and factories which are successfully operating. This will help to improve on how you can run your factory.
  • The Economy Ministry might provide contribution towards research cost, in case the national economy gets benefits from it.
  • Any government contributed bank may provide a loan, in case your factory is able to produce new products to the market.
  • If you own a priority factory like listed above and is known to manufacture superior quality products, then preference will be given by the government to purchase your products over another supplier.

Apply for Industrial License Today

Dubai is Booming Tourism Industry
Categories Business Setup, dubai

Dubai is Booming Tourism Industry

Dubai is Booming Tourism Industry: According to industry experts, this year, Dubai is all set to surpass Paris as the world’s 3rd most visited city. It is also 4th in the list of most visited city just after London, Bangkok & Paris. The Dubai government’s has been stressing on development driven efforts like multimedia campaigns, Visa on Arrival incentives, creation of world class transport links, developing new tourist attractions, besides encouraging private partnerships to promote world class hospitality infrastructure and much more. Dubai government has set up variety of initiatives to help drive main economy sectors and mostly tourism industry.

Dubai Tourism Boom & Current Growth Drivers

  • Multimedia & digital marketing campaign
  • Celebrity Ambassadors led campaigns
  • Custom marketing promotions

Future Development Drivers

  • 48 hours Entry Fees exempted for Transit Passengers.
  • Dependents of age 18 years & below exempted from Visa Fees.
  • Future Visa based Regulations.
  • Dubai’s increasing popularity on cruise Industry

Current Tourist Initiatives taken in Dubai to promote Tourism & Travel Industry

UAE government has been emphasising upon promoting travel & tourism industry by launching several initiatives like:
  • Dh 1000 government fees per PRO card, besides waiving of annual renewal fee as part of the initiative taken to promote tourism sector.
  • Children exempted from tourist visas, in case travelling to Dubai between the periods 15th July & 14th September every year to promote summer tourism.
  • Extension of Transit Visas to about 96 hours at just Dh50. This process will be facilitated by the express counters located at passport control.
  • Abu Dhabi & Dubai’s tourism fees reduced to promote hotel occupancy rates.
  • Tourist fees to outlets reduced to just 3.5% & hotel rooms to 6%, municipality fees is halved to 2%, while hotel fee per room reduced from DH 15 to Dh 10 in Abu Dhabi. However, there is no disclosure on the cut tenure.

Why Visitors find Dubai to be a hot favourite?

  • The UAE does boast of having just about everything to suit all ages like beautiful deserts, mighty mountains, pristine beaches, tallest buildings, large scale amusement parks and mega tourist projects.
  • The last year has witnessed significant growth in the number of cruse tourists making it to Dubai. According to figures, Dubai during the last year has witnessed 157 cruise ships and total of 625,000 tourists visiting the place.
  • Offering variety of family friendly attractions all over the city, Dubai is poised to become as the leading family destination in the world.
Setup Travel agency in Dubai with help from experrts at Blackswan Business Setup Service. Call us and get a quote today to start your travel company in Ajman, Al Ain, Dubai, Fujairah, Ras Al-Khaimah, Sharjah, Al Quwain - UAE

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Steps to Setting up a New Business in Dubai
Categories Business Setup

Steps to Setting up a New Business in Dubai

Steps to Setting up a New Business in Dubai: Dubai is a leading economic power in the middle east. Business creation is booming, and if you are looking to join the bandwagon, now is the time.

Selecting the name and location for your business

There are regulations regarding the names of the businesses in Dubai. Make sure the name you select adheres to the protocol. It would help if you researched the viability of your product or service in the market. Use it to choose your business location. You can set up shop in the city or in one of the free zones. Do market research and choose the perfect spot. Take into consideration the various costs, locations and permissions. Free zones usually are expensive.

Find a local sponsor

There are restrictions on starting a business in the Dubai mainland. You need a local license. You have to find a UAE or Dubai based citizen to partner with you. Your partner can take on an active role in your company or be a sleeping partner. Get a written agreement attested in court. The sponsor has to send you an invitation as the investor for you to get the proper visa.

Way to own 100% of your company

There is a way to have sole proprietorship of your company. You can start your business in one of the free zones. There are many free zones, each operating for various services or categories. You can later expand to the mainland by following the required norms and applying for permission from the Department of Economic Development(DED).

Licensing for your business

Apply for Memorandum of Association with the DED and get preliminary approval. Register the business name with the DED. Different businesses have different licenses. Some companies need more intermediate steps to cross before you can get a permit to start your business.

Hiring employees

This is a process that depends on your type of business and your license. Some allow you to hire staff while others have various restrictions. Ensure you have a clear idea about the rules relating to your business and licensing. The process is extremely efficient and provided all the documentation is submitted, and the business registration takes 7 days on average. If you are still unsure of how to set up your business, you can always hire a consultant!

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Bookkeeping Services Provider in Duba uae
Categories Business Setup, dubai, uae

Bookkeeping Service Provider in Dubai

Bookkeeping Service Provider in Dubai : The bookkeeping refers to the systematic recording of finance in terms of business transaction inappropriate books of account. The first step in financial reporting or accounting. Bookkeeping has daily transactions posting in accounting software or ledger books. This can have a direct impact on financial statements and general ledger accounts. In Dubai, the role of bookkeeper gives prime importance due to the function of posting accounting transactions precisely and in a timely fashion.

The Benefits of Bookkeeping Services

The Financial Barometer
You have to maintain your account books that give you the crucial information for the efficient run of your company. Keep a track of the financial status of your business as a handy practice. This helps you estimate data points for income, billing and payroll management.
Safeguard from Fraud
When your financial books are regularly checked, fraudulent actions are apprehended, capital estimation for forthcoming payments are made and cheques can be prevented from bouncing. This helps your business from getting into a financial soup.
Monitor the Budget
The precise account of your company's spending and revenue compares actual results with the projections in an annual budget. When the bookkeeping is in place, the financial information of the business would remain up to date. This can check your overspend and can identify instances of underspending.
Tax
The proper bookkeeping aids in corporate tax filing for a company, also helps to spot possible tax deductions.

What Bookkeeping Services We Do Provide?

Blackswan helps you with the following bookkeeping services in the UAE. This records the business transactions as per International Financial Reporting Standards (IFRS) posting of general ledger and other ledgers. Can draft sale invoices accounting the reconciliation of bank statements and performing necessary adjustments. Records the accruals track of accounts payable as well receivable maintenance of sales and purchase ledger maintenance of fixed assets register.

Outsourcing the Bookkeeping Services

The bookkeeping imparts many procedural activities and has not specialized for any industry. It is fair common practice to outsource bookkeeping and accounting services in Dubai.

Why to Outsource Bookkeeping Services in Dubai and UAE?

The businesses preferably consider outsourcing their bookkeeping function.
Benefits of outsourcing your bookkeeping services in Dubai and UAE are:
You have to delegate the work of bookkeeping to a qualified professional allowing a businessperson to save their time that may be spent on the core functions of research and business development. This becomes critical when the business is managed by a small team. The scalability of an outsourced function is responsive and flexible. When the bookkeeping is outsourced and not handled in-house, it is adjusted to fit one's customized requirements of business troughs and extra workload. This becomes cost-effective as the need to employ highly qualified and expensive accountants handle your company's bookkeeping. The dedicated bookkeeping forms would employ experienced professionals to carry the outsourced bookkeeping services. The consultants would give professional advice to handle your financial matters as the company grows and develops.

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