You Must Score When You Shoot

Introduction:

You will need to avoid all the in vain efforts that are based on assumptions, flukes and weaker forecasts. While aiming to enter one of the world’s most appealing and promising markets, i.e. UAE, you will need to be on top of each and every domain that is associated directly or indirectly with your aim of launching a new venture.

Failing to do so would mean, bleeding money and wasting resources for nothing’s sake, such approaches and efforts are not going to help in modern world where one’s investing power is weaker and the markets themselves are going through dynamic yet very fragile states.

Many people are not sure how to start a business in Dubai. They have got the capital investment, they are backed with stunning ideas and they know that their business can make it but when it comes to initiate things in the right passion, they are clueless.

This thought or feeling actually is the first and foremost role players when it comes to stopping them and causing delays because they are never mentally prepared to go for things. On the other hand, some entrepreneurs are always proactive in their approach and it is this approach that pushes them to look for and hire a reliable business consultancy firm who can help them in achieving their venture setup goals.

Starting a business in Dubai would require the following things to be considered by one with such aims:

ü Selecting of a trademark and business name that is appealing and easy to remember

ü Acquiring licenses for all the concerned authorities.

ü Look for a partner who will one 51% of the company shares if one is aiming to launch an LLC company.

ü Look for the right business premises in one of the free zones in Dubai (one can be 100% owner of the business if one opts for a free zone).

ü Start hunting for the right individuals to manage the setup

ü Look for and hire personnel that are backed with the most relevant skills required by one.

ü Look for a reliable business lawyer and consultant who can assist with professional insights and advise, as and when the company and management are in need of them.

Final words:

One would need to cover all the points mentioned above as this will enable one to stay away from penalties. Compliance with the local legal framework will become easy for one as an entrepreneur. This task no doubt is a sensitive one because markets here are not only fragile but at the same time very promising as well by nature.