Expats Guide in Setting up a Business in UAE Dubai is one of the fastest growing economies in the world. Its government welcomes foreign investment. This explains why it is the favorite place for expats looking for better opportunities. However, if you are a non-UAE citizen, setting up company in Dubai can be quite challenging, which is why you need to gather as much information before jumping in. So how does one go about it? Following are some insights to help you overcome the challenges.
The demand for your business The first thing that comes to mind when thinking of putting up a business is the demand for your product or service. You might have a good idea, but there is a need to determine if there is a demand for what
you
will
be
offering. Before taking the final step to launch your business, it is extremely important to do a thorough study about the viability of your idea. In addition to a good business plan, you must consider obtaining a thorough knowledge of the region. Company registration in Dubai basically requires licensing, sponsoring and finding an office space. Any business of any category is required to have a trade license in Dubai. It is also important to note that trade license and the permissions granted by different government agencies can vary depending on the category of your business.