Dubai has one of the strongest, growing economies in the UAE which makes it a natural choice for businesses that want to expand into that region. Business in the UAE is both the same as in most parts of the Western world, and very different. If you want to learn how to start a business in Dubai there are a few things you should know right out of the gate. The power of sponsorship and negotiation If you aren’t a resident of Dubai then you are going to have to deal with more of the bureaucracy in getting your legal entity set up and approved.
The best way to do this is through an official sponsor. Sponsorship can come in many different forms, including as a partnership or association membership. They can provide you with key negotiating power when it comes to getting the approvals that you need. It can be hard to find the right type of associations to make without having someone who knows the local businesses and officials to make sure you aren’t hitching your wagon to a broken star. How different are the legal obligations? Just as in most Western countries the legal obligations for business registration and the creation of legal entities is almost the same.
When you are preparing for a business setup in Dubai there are extra hurdles to overcome as a non-resident or citizen. There are specific capital investment requirements that have to be met, in addition to the standard funding and monetary processes that have to be defined. The corporate structures that are available include LLC and corporations; although you may have to have a UAE member on your boards to be approved. What about just investing? Investing in an existing concern is another option for expanding into Dubai.
This can be an important intermediate step for business setup in Dubai if you can’t quite make the right connections or don’t meet the legal obligations in the present for a new entity. The key to making investment work for you is to make sure there is a structure plan to use the existing concern to allow for your business to enter into Dubai. This can require some very careful reading of the current laws, and an understanding of the economic climate of the country.
How can I start a business in Dubai and be a success? If you are really looking for how to start a business in Dubai and be a success, then you should talk to the experts in business setups in Dubai. We can help you to look at all of your options to pick which ones will allow for an approach that creates opportunity for you. Our experts know Dubai and the UAE regulations and legal obligations. We can help you to make the connections your need to get your business setup in Dubai approved and off the ground as fast as possible.
Business in Dubai is promising to grow even faster in the future, don’t wait to call for a consultation – do it today and get in on what will take your business to a new level.