Tips for Starting Your Own Business in UAE
Choose the right way to set up your company in the UAE. Choosing the right type of entity to set up in the UAE is the most important decision your company will make. Mistakes can be expensive to rectify.We listed below the tips for starting your own business in UAE
The first tips for starting your own business is to Understand the updated legal laws and Government rules. Seek professional advice to guide you through the bureaucracy, legalities, and procedures from the team like us. Otherwise, the process for company formation may get complicated and can take several months to complete
Familiarise yourself with the tourist/work visa regulations. There are different types of tourist visas depending on your nationality. To do a job with a company employment visa is required. Employment visa is also your resident visa. Your employer will obtain your visa on your behalf. Investors can get partner/investor visa valid for 3 years.
The most important tips for starting your own business in uae is to ensure that you have reliable, efficient and secure local partners. They need to be the right partner for your company in terms of understanding the requirements and needs from the ‘Partnership’. We would always recommend that your local partner is a company and not an individual Emarati. That means sponsorship will be corporate and secure.
Learn about the culture in the UAE and how business is done locally.
Undertake extensive research into the business sector you wish to operate within. It always pays to do your market research before setting up.
This research should also include what is the best way for your company to incorporate in the UAE. Should it be Free Zone, a Branch office or an onshore company.
Make sure you get professional advice on what suits your company the best. Too many companies set up only to find they are not able to trade properly with the Trade Licence they have obtained.
Be aware of the working hours. Government working hours are from Sunday to Thursday with timings from 7 am to 2 pm. Private sector working hours are normally 8 hours per day and maximum 48 hours per week. Some companies work on split shift also.
Be flexible and patient to grow your business. These are the most valuable tips for starting your own business in uae
You need to ensure you have the right activities for what your company wants to achieve. Should it be a free zone entity or an onshore entity? If it is a free zone which free zone best suits your companies needs? If it is onshore should you open as a Branch Office, a Representative Office, a Professional Licence or as a Limited Liability Company. Please be aware you can still be 100% foreign owned with an onshore entity. Make sure you are advised well on your options so that you are able to make an informed decision.
Plus UAE is the best business consultancy company in UAE. Experienced consultants for Business setup in Abu Dhabi, UAE.We assist you in company formation,ADNOC registration,tax residency certificate,local sponsorship,document clearance