Business Setup in UAE : Three Do’s and Don’ts that you need to remember

HLB HAMT

HLB HAMT - Accounting Firm in UAE

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    Business owners and entrepreneurs today are looking out for new locations where they can take their business for expansion. While Middle East has always been known for its oil industry, Dubai has managed to break the conventional image that has been set over the years and has turned the city into business metropolis. Over the last decade, more and more businesses have moved to Dubai that allows better control over Middle East and Asian operations. If you are planning to setup your business in the UAE you have to be sure about what you should do and what you should avoid.

    Here are some do’s and don’ts that you have to keep in mind while you focus on business setup in UAE.

    Three Do’s that you need to remember while setting up business in UAE

    • Find a local sponsor

    When it comes to business registration and operations the law in the UAE is slightly different and therefore you need to get acquainted with it. There are plenty of business opportunities that you can find in Dubai, but for that you will need to find a local sponsor that can be a partner in your business. As per the UAE laws you will need to get a UAE national as a 51% partner that can allow you to locally register your business as LLC business. This will also provide you with the freedom to choose your business location anywhere in the city.

    • Select the right location

    Not all locations in UAE are good for business and therefore you have to search for the right location that can optimize your business in the right way. Look out for a location that offers better convenience and reduces the overall cost that can help you save more money. It is recommended that your business location must be close to majority of your clients and customers. You can take some help of business consultants who can guide you with better business locations.

    • Get the right business visa

    When you are setting up your business in UAE you also need to pay attention to your paperwork and documentation and visa that can allow you to operate your business legally. Getting your business visa is not tough, but you need to go through lot of paper work at least for the first time to ensure that you can run your business smoothly.

    Three Don’ts that you need to remember while setting up business in UAE

    • Don’t rely on verbal understanding

    You might find a really good local sponsor that would support you in every possible way to establish your business, but it is recommended that you only proceed further when there is a legal written agreement between you and the local sponsor. A local sponsor may charge you more separately for extra services that were provided and you don’t want your business budget to get messed up.

    • Don’t choose business license category blindly

    When you have the opportunity to choose business license category you need to be very careful and specific. Businesses in UAE fall into three categories; professional, commercial and industrial. Hence, you must be clear of all your business activities. If you are choosing business license category that is too narrow for your business you will not be able to handle some of your business operations in the right way.

    • Avoid handling business registration on your own

    If you are planning to set your business in UAE it is better that you look out for business consultant and other local firms that can help you out with business setup and registration. When you are handling the business registration process on your own you will need to keep track of lot of paper work and documentation that you might not be sure of. With business consultants and advisory firms you can handle the entire business registration process with ease as they guide you and provide you with multiple options to setup your business in UAE.

     

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    Varun R Chandra
    Varun R Chandra
    07:38 25 Apr 21
    HLB Hamt is highly recommended! They have the quality of services that would satisfy your needs. I'm glad I found them.
    Giuseppe Assi
    Giuseppe Assi
    06:20 31 Jan 21
    I HAD A GOOD EXPERIENCE WITH HLB HAMT DUBAI. THEY HAVE A VERY PROFESSIONAL TEAM, GOOD QUALITY OF SERVICES, GOOD VALUE... FOR PRICE.I RECOMMEND THIS COMPANY.read more
    Mohamed Sheriff
    Mohamed Sheriff
    16:16 28 Jun 20
    Experience with HLB Hamt in audit experience is great pleasure. They deploy well qualified accounts team for audits.... And the amount of checking they perform give the management of the company confidence that internal controls are well in place. We are glad to see they have high standard of audit practices.read more
    218141 JOSEPH THOMAS
    218141 JOSEPH THOMAS
    16:20 23 Jun 20
    Professionally managed firm with commitment to the engagements taken. My company and its group are assigning our... requirements for last 12 years to HLB and we don’t have any negative remarks on any assignments.read more
    PMI
    PMI
    07:14 23 Jun 20
    In my opinion, HLB Hamt is one of the best professional firms in UAE after big4. Excellent client service, professional... and competent staff and timely delivery are their strength. Over the years they have developed the infrastructure and skill set to handle multiple verticals ie, audit, tax services, consulting, IT support etc.Wishing HLB Hamt team all the very best.read more
    RAVI CHOKSI
    RAVI CHOKSI
    08:28 21 Jun 20
    Thank you Team HLB hamt...Your internal auditing team put the good amount of time and inputs in helping the... organisation making considerable improvements throughout the organisational working structure and helps in building the better business.Thanks.read more
    Maharajan Subramaniam
    Maharajan Subramaniam
    18:17 06 Jun 20
    High-Performing IT Teams, I'm impressed with the knowledge level of their deputed staff, audit procedures, and... checklist adopted. Mr. Vimal especially understand the requirement and provide solution not only technical feasibility and also considered budgeting. We’re confident in their abilities.read more
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    Mohammed L
    08:07 05 Jun 20
    We have been working closely with them on payroll services for quite sometime.They provide very professional... services,experts in domain and excellent support. Would recommend them.Cheers.read more
    ROY ROSHAN VIVIAN
    ROY ROSHAN VIVIAN
    06:32 04 Jun 20
    Very professional team. Vimal has always given us good solution advice for various Software and IT Infra projects. We... are very Extremely satisfied working with him and his team. Wishing them success.read more
    Basil Daniells
    Basil Daniells
    05:55 03 Jun 20
    I have worked with HLB as a partner of Sage for about 2 years, they were dedicated to the success of the partnership... and kept aligned with the business plan that was agreed between our two companies. They are always ready to go the extra mile for a customer and don’t shy away from challenging circumstances. Keep up the good work and wish you all the success in the future.read more
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    Amar Kashyap
    19:28 02 Jun 20
    Team of well qualified and organised professionals. Their reports are not based on numbers first they will understand... their client and their business. They are highly recommended and trust worthy.read more
    Radz de Jesus
    Radz de Jesus
    16:03 02 Jun 20
    We're glad to have found HLB Hamt to conduct the IT audit and risk assessment for our organization. We have learned a... lot from their team during that first project. And since then, we've continued to be in touch with them. Mr. Vimal especially is very good at presenting technical concepts in simple yet interesting ways that non-IT and business people alike would easily catch. We are very happy with the professionalism and quality of service they provide. They leave their clients nothing short of satisfied. Highly recommended.read more
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