What Not to Do for Business set up in Dubai?


 What Not to Do for Business set up in Dubai?
There have been plenty of opportunities out of the existing market for foreign investors
to make the most of increasing tourist traffic in the city and enter into the import/export
of products. It has been creating a lot of opportunities to grab a lot of potential
customers and clients. But there are some things you sh

ould avoid doing for business
set up in Dubai.
1. Don’t set up your business in any free zone without considering the pre-
conditions and available sizes
It goes without saying that there are plenty of offices available in a free zone. But
availability keeps changing in the real world. Usually a startup wants a cheaper option.
So, there are chances that you may find only specific sizes when you really go for
company registration. Only one visa is allowed for some offices for investors, not
employees.

2. Don’t base your plans on published details
Confirm the validity of information published before finalizing the plans to startup a
business. Keep in mind that rules are subject to change in local DED and free zones for
registration. Don’t proceed until you confirm your assumptions by talking to authority or
a consultant. You may need some papers or special permissions for some nationalities.
3. Don’t go for a license type without ensuring that it is best for your business
model
It is not easy to make a business model which won’t call for a change in the UAE. At
least it would need some changes. Consider those possibilities and ensure that your
desired license type enables you to handle your business model and all its activities.
Don’t go with a category which is too steep.
4. Don’t open bank account without knowing charges
There are different bank charges you need to bear.

If you depend a lot on the bank, it
can cost you a lot. Consider the charges and your needs in advance. Bank reputation is
one thing that you could consider. But there are plenty of things behind the scenes that
you cannot ignore.

both parties.

5. Don’t get into sponsorship without written agreement
Initially, you will need plenty of local support for your business startup. A local sponsor
may have different charges for offering some services. Be sure to get a written
agreement with terms suitable for

both parties.

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