Looking To Hit Dubai Markets With A New Venture Setup?

Everyone wants to start his own business. Those who want to start a business must remember that the path is full of hard work, learning and sacrifices. When you want to start your own business, the primary thing you must have to decide is the business structure,if you want to do a business on your own and be responsible for all your debts. Sole proprietorship enables you get complete command over your business and responsible for every account of business.

Dubai is one of the most luxurious destinies on the planet.Setting up a business in Dubai would mean that one would need to put in extra efforts than he/she may have first imagined. You have to make your mind that you have to set up the best business structure for the kind of the company that you are eyeing or planning.

Commencing a new venture as corporation is an alternative if you want to check your legal responsibility in the business. Your company will be proprietary company limited that is registered with the Investment Corporation of Dubai (ICB). Your business will then be governed by the provisions of Dubai Corporation Act 2006. As a shareholder in your company you can invest as much as you can in your company.

Making a fresh start promises great opportunities with minimum difficulties in Dubai. You can take advice from the experts about starting your business from scratch. If you want assistance in your business plan, you can get the guidance of the professionals who will assist you in creating your business plan.

Launching your new venture is faster and easier when you seek the guidance of the professional entrepreneurs. You can get a sample of profit and loss for a period of 12 months. You can also download break even analysis tools for your business.

Making a new business entry in Dubai gives you the prospect to tap into the gigantic potential afforded by the Internet.

There are some do’s and don’ts for setting business in Dubai.

Do’s:

1-)First of all you have to select a UAE national (local sponsor) who is 51% partner of the business.

2-)You have to work with your sponsor to get your visa.

3-)You must hire a business registration agent for registering your business.

4-)Beside your visa and other requirements, letter is needed from your sponsor who includes his personal information.

Don’ts:

1-)Certain offices in Dubai allow only 1 visa for the investing party and not for the employees. Don’t take the decision unless all the office requirements are conformed.

2-)Don’t choose a license category without confirming it.

3-)Always open a bank account after confirming all the requirements.

4-)While setting up a business in Dubai You must have a written proof of all the agreements with the sponsor.

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