How To Set Up A Business In UAE - Five Tips To Ponder About
Setting up a business is a daunting and overwhelming task. There are people who back out just from the sight of the requirements to accomplish. However there are those that persevere because they think about the rewards that will come out of it. They think more of their long-term goals.
If you are planning on setting up a business in the UAE, listed below are some tips to ponder about.
1. Identify the business you are going to establish. If you want to yield more profits, you should research about the industries that are in demand in the area for instance in Dubai, real estate, exports, nightclubs, job agencies, and childcare have business opportunities in the city.
2. Be informed about ownership requirements. The rule in the UAE is that 51% participation by UAE nationals is required of any established companies except in certain circumstances like in some Free Zones such as Jebel Ali and Airport Free Zones. If you are thinking about getting into general partnerships, know that this is limited to UAE nationals only and for more help contact us https://rightcorporateservices.com/
3. Secure your business license. A business license is a requirement for any business. In Dubai, there are three kinds of licenses. There are commercial licenses which cover all kinds of activity involving trading. There are professional licenses which cover professions, services, craftsmen, and artisans. However, you must remember that there are licenses for certain categories that require the approval of specific authorities.
4. Hire someone who can negotiate for you in Arabic. The thing about Dubai or most regions in the United Arab Emirates is that most transactions especially in government institutions are in Arabic. It would help you a lot to hire someone who can speak Arabic who can negotiate on your behalf.
Dubai is the location where ancient and modern civilizations meet. Dubai is the place where you can be gazing at the Architectural craftsmanship that lead to the tall modern buildings and 5 minutes later you can be wondering through the little old side streets at the Dubai gold souk. Dubai is the important MICE destination with modern meeting facilities and deluxe city business hotels where large multinationals and business travelers meet from around the world for fancy exhibitions and lengthy negotiations.
However Dubai is also a holiday destination for families with children who enjoy a week at the Jebel Ali or Sheraton Dubai Beach Resort.
Dubai is indeed a great travel destination for both the tourist as well as the business traveler. Dubai has so much to offer in means of activities, hotels and infrastructure to name but a few. Kids love Dubai as there are so many great activities held for them each day at either one of the hotels or at one of the tourist's attractions such as wild water park. Not to worry for mom and dad as they will have ample opportunity to enjoy themselves at one of the many attractions or events held daily. The numerous Dubai tour companies organize a great variety of activities which may include jeep safari's , snowboarding down the sand dunes or really hitting the ski slopes in the recently opened Dubai indoor ski lodge.
Dubai has reached the Valhalla status of tourism destinations. It will be hard to find any destination around the world which has had such strong growth in tourism income and arrivals and Dubai has even become one of the world wide trendsetters when it comes to travel and tourism. However Dubai knows as no other how quickly a destination can reach the top and how fast a destination can become unpopular among travelers and meeting planners.
Dubai is continuing to heavily invest into the Dubai tourism industry with lots of spending on infrastructure, new Dubai resorts and a whole series of spectacular attractions that are being built or are under plans. The soon to be opened underwater hotel is just a sample of what the planners in Dubai are up to.
The continuous investments by the authorities and finance community should normally guarantee its position as of the main travel destinations around the world however there is another side to the success of Dubai.
More and more visitors our expressing their disgust with the big price increases which the hotels in Dubai seem to implement each season. Dubai was never a destination for budget travelers however some of the hotels are starting to charge astronomical rates for their room. The Dubai hotel owners should not become greedy and arrogant and out price themselves. Many destinations in the past have seen this happen which finally led to the popularity of those destinations dropping rather fast.
Nearby countries such as Oman and Qatar are seeing their popularity among international tourists rapidly increasing and more and more hotels and other facilities are being constructed although both countries already have a large number of first class hotels. The other Emirates, with which Dubai forms the United Arab Emirates, are seeing their tourism industries growing at warp speed. Abu Dhabi has a large number of world class hotels and resorts and more are being contracted. The most expensive hotel in the world ever build is in fact the Emirates Palace which is owned by the Abu Dhabi government and is managed by Kempinski. There are more and more great alternatives to Dubai in the region and often at much lower prices so the policy makers should very much consider this.