Factors to Consider while setting up a Business in Dubai

Posted by rightcorporate on February 26th, 2019

Nothing beats the gratifying feeling of being a successful entrepreneur with a flourishing business setup in Dubai. As a rapidly expanding business hub, Dubai has state of the art facilities available for local and international businesses. Not only is Dubai an integral part of the business world, but it is also leading with innovation. Political stability, strong economic culture and friendly business regulations offered by the Government of Dubai attract the investors from around the world. 

The current market trends in UAE offer unlimited opportunities for foreign investors but one needs to get acquainted with the various facts associated with a business start-up in Dubai like business setup cost in Dubai. This is necessary so they can avoid the difficulties commonly encountered while launching a profitable enterprise in the United Arab Emirates.

There are a few do’s and don’ts that you must take care of.

  • Identify your preferred business – The common mistake most people make is not doing adequate research on the type of business they wish to set up. If you simply start a business, there are chances that it may not be successful. So it’s recommended to identify the areas of business, which are highly in demand. Currently nightclubs, real estate, the export business, childcare, and other such services are in high demand in Dubai.
  • Understand the ownership requirements – As per the rules in the UAE, it is mandatory to have 51 percent participation of the locals in any business, except in Free Zones. Therefore, if you are thinking of forming a partnership, then you must include only a national of the United Arab Emirates.
  • Obtain a business license – If you are keen to establish a business set up in Dubai, you must obtain a license for the same. The United Arab Emirates issues commercial licenses for every kind of trade. Professional licenses are also issued for artisans, craftsmen, services, professions, etc. However, you must remember that there are licenses for certain business categories, which can be obtained only after the approval of certain authorities.
  • Hire a consultant – When planning to establish a business in the UAE, your best bet is to hire an experienced Business setup consultant in Dubai. This is essential as you may not be familiar with the rules, laws, and regulations of the country. They can offer you professional help and guidance required to establish a successful business in Dubai without any hindrances.

Right Corporate Services is one of the leading Business setup Consultants in Dubai that provides you with the necessary help and expert advice to ease your day-to-day business needs. Contact us for easy, efficient and affordable PRO Services in Dubai.


rightcorporate

About the Author

rightcorporate
Joined: February 26th, 2019
Articles Posted: 1

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