Starting a Business There are three major considerations to be made by those thinking of starting a business in Dubai:
1. You must have a good knowledge of the region.
2. The law requires that you have a local partner who holds the majority interest. The local partner, be it a company or an individual, doesn’t need to contribute to the start-up investment or participate financially at all.
3. When the business is registered, you must show the Ministry of Commerce that you have a substantial sum of money to invest.
An experienced lawyer will guide you through the registration complexities and his help will be vital in protecting your interests. This applies whether you’re opening a modest shop or a major enterprise. An alternative to starting a new business is to buy a going concern, which is a more straightforward process, as it doesn’t involve lodging capital, obtaining sponsorship or registration.
Many people have developed successful, highly profitable businesses in Dubai.
The experience of doing business with Arabs is likely to be pleasant and friendly, and the trust built up on both sides will be long-lasting.
Where to stay
Well, once you get here, you need a place to stay, so if the company you''re working for hasn''t already arrange this, then you need to deal with this quickly.
Dubai landlords normally require that you pay the entire year''s rent before moving in, or else with 2, 3, or 4 post dated checks.
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