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A Business Setup Consultancy refers to a professional service provided by experts who assist individuals or organisations in establishing and structuring their businesses efficiently. These consultants possess in-depth knowledge of the legal, financial, and operational aspects of starting a business and guide clients through the process of selecting an appropriate business structure, obtaining licenses and permits, fulfilling regulatory requirements, and developing effective strategies for successful establishment. Their expertise and advice enable clients to navigate the complexities of business setup, minimise risks, and optimise their chances of achieving sustainable growth and profitability.
The business activities that fall under Business Setup Consultancy are:
Administrative services for businessmen (8211.09): This involves providing comprehensive administrative support and services to businesses and entrepreneurs. These services encompass a range of tasks aimed at facilitating the smooth operation and management of business activities. The administrative services provided can include crucial functions such as bookkeeping, payroll management, invoicing, financial record-keeping, document preparation, data entry, appointment scheduling, travel arrangements, and general office management. These services are tailored to meet the specific needs and requirements of clients, helping them streamline their administrative processes and free up time to focus on core business operations.
The classification of this business activity under Business Setup Consultancy can be attributed to the fact that administrative services play a vital role in assisting individuals or companies during the establishment and initial phases of their businesses. By providing guidance and support in administrative areas, such as legal compliance, registration processes, licensing, and financial feasibility analysis, these services contribute to the overall process of setting up a business.
Businessman services (8211.10): This involves providing specialised support and assistance to businessmen and entrepreneurs. These services encompass a range of offerings such as strategic consulting, market research, financial analysis, business planning, legal compliance, marketing support, and operational guidance. The classification of this activity under Business Setup Consultancy is based on its close association with the initial stages of setting up a business. By offering these services within the context of business setup consultancy, service providers can provide comprehensive expertise to assist entrepreneurs in establishing their ventures, including legal structure selection, registration processes, licensing, and market analysis.
Corporate services provider (8211.11): This involves offering administrative, legal, financial, and operational services to corporations. These services support day-to-day operations and ensure compliance. It falls under Business Setup Consultancy because it assists in setting up and structuring businesses, providing guidance in legal compliance, registration, and licensing. By offering comprehensive corporate services, including business setup assistance, these providers play a vital role in helping entrepreneurs establish their businesses and ensure smooth operations.