Feasibility Study Services in Dubai, UAE
Analyzing a company’s profitability is an integral part of business planning and helps predict and determine future prosperity. Consider all aspects of running a business: economic, legal, and technical. MASAR is a leading business start-up company in Dubai and the UAE and works with reputable. And successful partners to conduct a feasibility study for a potential business.
At MASAR, we leverage our extensive knowledge of the local and international markets and use traditional and new-age methodologies to evaluate. And deliver the most comprehensive result that will help you make the right decisions before starting your business. Each evaluation is conducted ethically and legally, considering industry-specific standards, regulations, and competition.
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MASAR Consultants Experts:
With the help of our feasibility study consultants. It is possible to produce a comprehensive report on various scenarios. Including the strengths, weaknesses, and potential implications of each possible scenario. Project leaders should review the results of the study and assess whether the benefits of the proposal outweigh the risks involved. Through the knowledge and experience of our feasibility study consultants, companies in Dubai and Abu Dhabi. Can determine the following:
- Possible alternatives to the project.
- Business alternatives.
- New business opportunities.
- Potential stumbling blocks.
- Data necessary for making an informed decision on a proposal.
Elements of a Feasibility Study:
Feasibility study services in Dubai, UAE will consist of several elements and typically include:
- Project Overview – An outline of the project, and products/services offered. The business model, and the method of delivery.
- Market Feasibility – Defines the prospective buyers, competitors, and industry. Future and current market potential, and sales estimations.
- Technical Feasibility – Lists the data about product or service delivery. Which could include labor and raw materials. transportation, the technology needed, business locations, etc.
- Financial Feasibility – A forecast plan about the funding required, the type of funds, and projected P&L, Balance Sheet, Cash Flows, etc. This includes detailing the assumptions made in the study. Sensitivity analysis, and graphical presentation of key financial data.
- Organizational Feasibility – An explanation of the corporate and legal frame of the company. This might include data about the founders, their professional history. And the skills they have that can help the company begin and continue its operations.
Benefits of Outsourcing Financial Feasibility Studies in Dubai?
- Elaborate insight and understanding of the project.
- Accurate feasibility report to avoid financial losses.
- Not necessary to purchase expensive equipment and technical tools for research.
- Prevents self-review threats imposed by internal researchers.
- With years of expertise in various industries, feasibility study consultants in UAE turn out quicker feasibility reports than internal researchers.
- Eradicate any future inefficiencies and losses.
What is a Feasibility Study Report? Why is it so important?
A Feasibility report is a document that evaluates possible solutions to a problem or business opportunity. And determines which of them are feasible for further analysis. The purpose of a feasibility report is to assess whether a proposed solution is feasible and to what extent. In other words, it helps decision-makers determine whether to carry out a project. For example, let’s say your company wants to open a new branch in another country. You could ask someone to do a feasibility study on how much demand there is for your product/service. What competitors there are, and what challenges you might face? If after analysing this information, it is determined that the opening of the branch would be too risky from a financial point of view. The project will not proceed; however. If you think it will work, you can invest more time and resources to evaluate its feasibility.
Why choose us?
MASAR Chartered Accountants is one of the leading innovative feasibility study companies in the UAE with expert service. Our financial feasibility study in the UAE helps companies set up their business from conception to inauguration. Whatever your vision, we realize it with the highest level of clarity for success. We support emerging companies by adding inputs to their business plans and market research. By providing suitable solutions. Most of our MASAR customers have grown into large companies by expanding their business to the Emirates, the GCC. Join us for the MASAR Financial Feasibility study in Dubai, UAE, and get the right size towards the path of perfection!
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Internal Audit
An internal Audit is an activity that can be carried out by external parties or by an employee of the company. This activity includes an independent and objective review of all financial data of the company. A proper assessment will help management understand where the company is today and how it will fare in the future.
This is an essential function that must be performed in a company. Because it serves as a tool to keep the company on the right path of growth and development. An internal audit will also add value to the company by discovering any fraudulent activity taking place in the company. Internal control is carried out by people who work on behalf of the company’s management.
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External audit
An external audit is the company’s audit, which is carried out by a third party. This third party is in no way associated with the company. This will ensure that the auditor prepares the audit report without bias or pressure.
An external audit is usually done once a year so that the company can obtain the correct and accurate company records. There is very little difference between an external and an internal review, which can be seen here in detail.
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Legal review
There are often situations where the government or authorities require a company audit to ensure that business records are accurate. This is known as a statutory audit. In this type of Audit, all transactions are taken into consideration, including accounting records, the bank balance, and all financial transactions of the company. The Company / Auditors must submit the audit report to the government / competent authorities and help the government/authority understand. That the company has no fraudulent activity and determine the correct profit and calculate the taxes owed to the government. It also helps in collecting accurate economic statistics of the country.
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VAT verification
This Audit deals more with VAT services than with the examination of company records. A VAT audit is a review of all of the company’s ledgers and tests of financial statements by approved tax agents. These are mainly done to check whether the company has calculated and provided the VAT accurately. And to ensure that the company is compliant with the changes made.