If you are planning to establish a business setup in Dubai, you are recommended to make some important considerations. You are also recommended to remember that the country welcomes investment from foreigners to a great extent. This means that limitations to start business in Dubai are amongst the most liberal when compared with the other parts of the globe.
 

Different business models:

The government of Dubai offers varied types of business models for people planning to establish a business setup Dubai. For instance, they offer direct sale, dedicated free region investment opportunity, restricted liability firm, representative or branch office, commercial agency setup and direct sale.

Three things to know before commencing a business:

As mentioned earlier when it comes to starting a business in Dubai, you are recommended to consider certain things and here are the three important considerations:
 

1. Knowledge of the region:

As you are planning for setting up a business in Dubai, you are recommended to conduct an thorough study into the trading sector in which you wish to enter into. You are recommended to have a practical business plan. The plan should encompass the results of your forecast, the level of competition in the specific area of business and also the market conditions that are favorable and unfavorable for your plan. Considering the Dubai company formation cost, you should have your own capitals or you should get the required funds through your known sources. If possible, you are recommended to get funds from other sources as compared to applying locally. This advice should be followed, particularly, if you are new to the region. When you have a proper plan that will work out, you will probably get the local support, to be more specific the government support.
 

2. Legal requirement:

For setting up business in Dubai as per legal procedures, it is made compulsory by the local law that you should have a local partner, who retains the chief interest and thus can regulate your company at Dubai. Even, this individual should be invested with the power to close the company in case need arises. This partner should be owning 51 per cent of the shares of your company. This person can either be an individual or even a company in Dubai and it is not essential that he/it should be contributing towards the startup investment in your company. However, this local partner requirement is under review at present in many states in Dubai to attract foreign investments. For instance, if you are planning for a business setup in Abu Dhabi, you should check whether this law applies.
 

3. Considerable sum to invest:

Once you register a business setup in Sharjah, you must be showing the ministry of commerce that you have a considerable sum of money to invest.


For more details on how to start a business in Dubai, you can get help from professional business setup companies in Dubai.