It is surely an amazing feeling of being an entrepreneur; it feels so good when you have your own business set up in UAE. Certainly the legislations, the lengthy procedure is tiring enough and many entrepreneurs quit the idea of opening up a business in UAE. Little do they know, there are agents that can help them with the registration and everything? To get something good you need to put in efforts. You can’t expect everything to get served in your plate. Since, you are an entrepreneur you are aware of the hard work required to become one.
If you need guidance regarding how to start business in UAE and you want to avoid the stress of starting up your business there, you need to follow certain things.
Research
It is so very important that you analyze and research about the market in which you are going to operate. You need to have complete information regarding your market and your sector. It is so very important that you take the trends and profitability in count but you can’t forget that you should not ignore your personal interest.
Matters related to ownership
Don’t consider it really simple. The ownership matters are always intricate and you need to get through it. Though Dubai encourages foreign investments and the freezones can be operated by foreigners solely but don’t expect it from each and every freezone. Likewise if you are opening up a company in Jebel Ali freezone then you need to know that it is necessary to have 51% involvement of the UAE National to establish a company. Every freezone has its own laws and you need to follow those laws to establish an entity there.
License
To operate a business in UAE it is very important that you first obtain a license; there are mainly 3 types of license which are commercial, professional and trading. The commercial license coves all aspects related to trading, professional license is for those who the professionals of any industry likewise, craftsmen, designers etc…
It doesn’t matter in which industry you operate in, you need to have a license and you need the approval of authorities.
Consider hiring an Arabic speaker
It is recommended that you hire someone who knows Arabic so that he can negotiate for your business in Arabic. The thing about 7 emirate of UAE is that mostly transactions are done in Arabic. So, it is good that you hire someone who is pro at it. For more information related to setting up a business in UAE, click on read more