Dubai is known as one of the most progressive cities in the Middle East, and is home to some of the world’s largest companies. Expanding your business to Dubai can be a huge opportunity, but you need to know what you’re getting into first. This post will provide information on how to set up shop in Dubai, UAE so that your company can take advantage of this booming market.
Know your entry point
Your business will need to get a Dubai business license before it can open its doors in the UAE. You should not have any trouble getting this license, as long as your company is legally registered and has been operating for at least three years outside of the country. If you’re forming a new entity from scratch just for this purpose, you’ll still be able to operate once the paperwork goes through so don’t worry. Just make sure that all of your legal documents are set up properly before applying for a license, otherwise there could be some problems with opening your business right off the bat.
Understand what is expected of you once your company is registered
Once you have your license, there will be some additional fees that must be paid to continue operating in Dubai. You will need to pay both an annual fee and a monthly service charge for all of your company’s related services (electricity, water/sewage). The rates are not consistent throughout Dubai; they vary based on where the business is located inside the city. Your best bet is checking out Dubai Municipality’s website or contacting them directly for more information about these charges. While this may seem like a bit much, it’s still cheaper than paying taxes within most other countries.
Take advantage of the opportunities that Dubai offers
Once your company is operating in the city, there are many ways to take advantage of this market. There are many different marketing and advertisement agencies in Dubai that will help you give a kick start to your business. Using such resources will ensure that your business will achieve its goals successfully. However, it is highly recommended for you to choose one of the best marketing and advertisement agencies for your business.
You can also consider participating in different trade shows and exhibitions for the speedy growth of your business. There are many annual events and exhibitions in Dubai that helps businesses achieve their sales goals successfully.
Get the most out of your access to the global market
By starting or expanding your business to Dubai, you will have an easy access to the global market. Easy trade between GCC countries and access to the global markets will surely help you reach your business goals and maximize your profit.