
Every business in Dubai needs a “sponsor” except if you want to open a business in a freezone in Dubai. Usually, to open a business in a Dubai freezone requires a big capital. It is not a place for small businesses. The sponsor MUST be a UAE national. A strong sponsor with lot of contacts and influence can be very useful for the business to start and run. Why? You will see many reasons throughout this page.
You have to pay an ongoing fee to the sponsor. There is a big chance that the sponsor may demand a percentage of the profit in addition to the fee.
Once you have acquired a sponsor, you have to register your business and obtain the Trade License. There are different rules for different business types. For an example, there are specific hygiene related rules to start and run a restaurant. It is not very easy to register a business in Dubai. You may have to seek your sponsor’s help to get your business registered. Language is a major barrier when dealing with government employees. Otherwise there is a big chance that the application will be rejected.
No comments:
Post a Comment