Dubai is a great place to start a new company or expand an existing business. It has a stable economy and well-developed infrastructure. The business-friendly policies adopted by the government have made Dubai an attractive destination for all types of businesses.
When it comes to establishing a business in Dubai, or for that matter any other city, one of the first steps is company registration. It is essential to register the company in Dubai before starting business operations in the city. Over the past few years, the government of Dubai has taken several initiatives to make the company registration process easier and hassle-free. However, due to lack of local knowledge and understanding, many businesses find it difficult to successfully register their companies in Dubai.
Let’s take a look at some of the common company registration mistakes made by businesses in Dubai -
1. Do it Yourself Approach
Many businesses make the mistake of trying to do everything themselves. In order to register a business successfully in Dubai, one needs to be well-versed with the laws of UAE. Many of the businesses lack adequate knowledge of the laws and are ignorant about how things work in the city.
2. Selecting the Wrong Business Category
Choosing the wrong business category at the time of company registration in Dubai is one of the common mistakes made by businesses. It is important to select the right category keeping in mind the nature of your business.
3. Not Finding the Right Local Partner
Unless you are planning to establish a company in a Dubai Free Zone, you will need a local partner who holds the majority interest (51%) in the company. Considering the fact that the local partner will enjoy considerable powers and will be able to control the company, it is important to select the right local partner. However, many businesses don’t know how to find the right partner.
It is important to avoid the above-mentioned mistakes to successfully establish a business in Dubai. One of the best ways to avoid these mistakes is to seek the services of company registration consultancy. There are many reliable company registration consultants in Dubai that are equipped with the best knowledge and resources required for company registrations.
How Company Registration Consultant in Dubai can help ?
A company registration consultant provides the guidance and assistance required to handle all tasks related to Dubai company registration. These consultants possess the industry knowledge and experience and can make the entire process of company registration quick, easy and simple. Selecting the right business category, finding a reliable local partner, choosing the right location, handling legal formalities, and obtaining approval certificates are some of the major services offered by a reliable company registration consultant in Dubai.
Whether you are planning to register an offshore company or a free zone company in Dubai, the first step is to find a reputed business consultancy that can provide you the guidance and assistance required to handle business registration process.