2. Starting a business sounds like great idea, but it
is not something quite easy in any part of the
world. Establishing a business really can take
lot of effort, time and money
and investors have to be really sure about
making the right decisions at the right time, to
ensure that they are not losing any money
while doing so.
3. While the world perceives UAE as oil
production based economy, it has gradually
emerged to a unique perspective and has
become user friendly to the way they do
business and focused more on the services
industry in the past few decades allowing more
international entrepreneurs and business
owners to come and establish their business.
4. The success of everyone’s business usually
depends on the apt location and
therefore its selection should be made
prudently to ensure that the benefits are
retrieved and boost the business productivity. If
one starts venturing in UAE for the first time, the
advices from experienced professional business
consultants are inevitable and can show the best
commercial properties in order to reap the best
benefit deriving from either buying or renting
it based on your business budget.
5. Acquisition of the property in UAE can be a
tough task and therefore most international
business companies prefer to hire business
consultants who make their job easier. With
the help of local business
consultants, international companies can choose
their right location that is crucial for the success
and expansion of their business in UAE.
6. • When you think about doing business in the
Mainland of UAE, you should look for the
presence of a local sponsor.. Most of the local
companies in UAE function with the sponsors
who have 51% share in the business without
interfering in the daily routine affairs of the
company and therefore it makes the international
shareholder to run the business and invest in
the region without complexities .
7. However, for many first time business owners
this can be a frustrating situation as they might
not have such business laws back home in their
native country. If you step in UAE for the first
time to commence the business, it is advisable
to seek advices from professionals in order to
select the best local sponsor available that can
help you to establish your business locally.
8. Alternatively, there are opportunities and options
available for investors to commence the business in
the free zone where they can concentrate the
international market availing 100% ownership and
without identifying a local sponsor. Also, meanwhile
you choose your business in the Free Zone
locality it is still recommended to incorporate a
local company with the help of a local sponsor that
can help you to establish your business and
penetrate the opportunities available in the local
market of UAE.
9. Once, you have decided a location and
identified a local sponsor its time to find the
right office space to operate your business.. To
smoothen the activities, you can avail the help
of local business consultants who can gather
you information pertaining to affordable
business and office spaces in locations close to
your clients and customers.
10. You also need to remember that in UAE, your
business address can create an impact
and difference to your business and should be
selective on the aspect . You can also plan for
warehouses and factory spaces close to your office
premises to handle your business in a better way.
While choosing office spaces, you need to be clear
about the size of its space and should decide about
the number of employees needed to operate your
business .
11. Apart from setting up the business, you
should also need to concentrate and look out
for better employees who can prudently look
after some part of your business and can offer
you better productivity.
12. Many international firms today believe that
outsourcing accounting department is a better
option as it yield better results at a marginal
cost that actually saves lot of money to the
company . If you are looking to have economical
services for accounting activities, you
can outsource your accounting department to
independent professional consultants and can
ensure to get the best results at an affordable
cost.
