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Common Business Formation Mistakes in Dubai Dubai is a renowned business hub that attracts a wide range of foreign investors who explore different profit generating opportunities. However, it is advisable to analyze the entire UAE market and consider the possible challenges you may encounter prior to setting base in the region as an investor. In light of this, a few common mistakes that foreign investors make when setting up business in Dubai are discussed below.

Not working with business consulting companies in Dubai The lenient business setup and operations laws in Dubai are enforced to attract goal oriented investors looking to make good profit returns within the shortest time possible. As such, it is common foreign investors to overlook the need to conduct market research and work with business consulting companies in Dubai. Business consultants offer comprehensive overview of current market conditions in regards to your preferred business sector as well as solutions to ensure that you start and operate your business in the most suitable manner. Moreover, it is advisable to work with business consulting companies in Dubai in a bid to ensure compliance with the different business operations guidelines.

Seeking cheap workforce in Dubai


It is normal for new business setups to apply cost saving tactics one of them being; hiring staff with minimal expenses. Though this strategy works in saving business finances that may be limited, it does more harm in the long run. Business startups require expertise that can only be offered by skilled workers who come at a cost. However, the extra cost of hiring skilled workers pays off in long run because they offer quality services and pay attention client requirements unlike cheap and unskilled workers.

Not hiring a business accountants in Dubai A complete understanding and controls of company financial status is crucial at ensuring its growth and continuity. However, most business owners overlook the need to work with professional accountants who conduct regular bookkeeping and auditing services. As much as auditing may be mandatory for some business setups, it is recommended because it clearly defines the current financial standing of a company. Moreover, business accountants in Dubai also assist companies with other accounting duties such as filing of taxes, bookkeeping and payroll management.

Applying for inappropriate licenses Dubai offers a vast range of investment opportunities that investors can choose from. Notably, every business type requires a unique license prior to commencing operations. However, some investors who lack adequate business formation information register for the wrong licensure and end up not venturing into their preferred business sectors. This is where business consulting companies in Dubai come in handy. They walk through the business formation process and help you determine and register for your ideal business license. Summary Information is power! Therefore, all investors should not shy away from seeking guidance and information from business consulting companies in Dubai. Though the services are offered at a fee, they save investors from making costly mistakes as aforementioned.

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Common Business Formation Mistakes in Dubai  

The lenient business setup and operations laws in Dubai are enforced to attract goal oriented investors looking to make good profit returns...

Common Business Formation Mistakes in Dubai  

The lenient business setup and operations laws in Dubai are enforced to attract goal oriented investors looking to make good profit returns...

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