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Apr 6, 2008
Be an Entrepreneur in Dubai
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Dubai, being one of the fastest growing cities in the world is now an attractive place for expatriates to visit, find employment and eventually start a new life into. For entrepreneurs, there are also lots of business opportunities in Dubai.

 

There are good reasons why setting up a business in Dubai is a good endeavor. For one, the free zones of Dubai offer tax and operating benefits. The government is not so strict with foreign entrepreneurs as Dubai follows liberal operating conditions for businesses. In fact the government actively promotes and encouraged foreigners to invest in Dubai. The city aims to sustain the diversity in their economy.

 

Requirements:

 

In operating any type of business, a company license, either commercial or trading is required. Different businesses entail different kinds of licenses. It can either be commercial, trading, professional or industrial license.

Most of the licenses are issued by the Economic Department. However some factors may require the Economic Department to sometimes refer a particular business to the proper licensing authority.

 

This usually happens in businesses that requires direct advice, has investment involved or is medical-related. Examples of these businesses are banks, insurance brokerage, hospitals, and manufacturing goods.

 

Foreign companies in Dubai oblige a UAE national to have a 51% ownership share. This law does not apply if the business is in the free trade zones.

In making a business plan, a personalized advice from an expert in Dubai economy is recommended for anyone. Seeking the help, guidance and opinion of an expert is a beneficial move given the fact that Dubai is a dynamic city for investment, commerce and business.

 


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