Since its economic stability in the international market, UAE has been attracting the eyes of business investors from all around the world. Import and export of commodities and the flourishing tourist sector are creating new opportunities for foreign investors for customers and clients for every part of the world.

To launch a profitable Enterprise in the UAE, list of few do’s and don’ts:

Here are the do’s for startup business in the UAE:

• For local business startup, select a UAE national sponsor: with the availability of plenty of business opportunities it is important to choose a business that utilizes the maximum potential of the place. For that a locally registered LLC business is required. The local sponsor must be a UAE resident with 51% share of the business. This sponsor has to be paid negotiable yearly fee. It is important to make sure that you have a good relationship with sponsor, because he is going to be your go to guy for any problems with the authorities that you may face in UAE.
• In case you don’t want to share your business with a UAE national, make sure you select a free trade zone: in order to have 100% ownership of the business, selecting a free trade zone is important as you are not taking the help of a UAE local Sponsor. This applies only if you are not dealing with businesses like restaurants retail stores or business that work with the government – in that case it is mandatory to get the business registered with the local sponsor. Free zones are advantageous to ensure speedy startups by offering free customs boundary as well.
• Select a location that is convenient and cost efficient: choosing a place that that helps in optimum utilization of resources required for your business is an essential part of startup planning. In case the business is in the free zone, the distance, cost, business model and trade requirements, have to be looked into.
• Business visa application: your sponsor has to apply for your visa as the investor of your startup, along with the submission of a letter where the personal information, reason for the visa application should be stated. After that if your sponsor gives you the authority you can apply for the visas of your employees.
• Hire a business advisory form to get your startup registered: being new in both the country and in the field of startup businesses, the guide of the consultants helps you with opening a bank account, arranging for an auditor, offering nominee services etc.

To avoid the most encountered problems, let us list a few things to keep in mind while opening the startup:

• be careful while selecting the free zone: make sure to take a look at the available office sizes and costs.
• Make sure you choose a licence category that allows your business model
• choose a bank that Levies a charge in your budget.
• The sponsorship agreement with your sponsor should be written legal