INTRODUCTION: REGISTERING COMPANY IN DUBAI
Start up a business might sound easy but the step is very risky and difficult one. The efforts that it takes to set up a business cannot be explained leave alone words. Dubai is a very attractive spot for all the merging businessmen. The financial conditions and economic stability lure people to set up a business there. The steps involved while registering company in Dubai are quite easy but requires your full attention. One wrong step and the whole business would be damned. All the legal procedures are to be taken very seriously. Abide by the law to earn for the long run as well. Well, the mistakes that one can commit are endless in number. But the most precarious ones are listed below. Read with extreme diligence and keep these things in your mind while registering company in Dubai.
TO AVOID THINGS FOR REGISTERING COMPANY IN DUBAI
DO NOT BELIEVE WHAT YOU SEE
A lot of times, it happens that what you see might not be true or legitimate. It is always advisable to not move forward carelessly but instead move forward by always looking behind and around. The free zone authorities keep on adding the rules and changing them. Consult an advisor or consultant and then decide what to do. Sometimes there are extra requirements required for the special type of business.
LICENSE CATEGORY SUITABLE FOR THE BUSINESS
There are plenty of licenses available to choose from. The nature and type of business dictate the type of license that you would require. Do not select the license that it is not suitable for your business type. Make sure that the license does not act as an obstacle in the path of growth and expansion of the business. A good way to do that is to get a license which allows you to perform wider operations if the type of business license you have is to narrow then you are going to get some difficulties in the future.
WRITE BETTER THAN VERBAL
No matter how close the bond is with the local consultant or agent, it is always better if the agreements are duly signed and stated in the written form. Never believe the words, especially in work area. If you have a written evidence of each and every deal, you will be also entitled to file any complaint in case of betrayal or treachery.
REGISTERING WITHOUT SEEING THE PREMISE
Under the free zone areas, there are a lot of office spaces available. Before registering, personally visit the area and see it, inspect it. Nothing is constant. Everything keeps on changing. It’s better that you first visit the place and see whether it’s good enough to support your budget and business.
COMPLETE INFORMATION ABOUT BANK
One common mistake is to open the bank account before checking the bank charges. It is a basic step while you register for a company. A complete guidance about the bank’s functions and features should be read and understood before opening the account. As you know that many banks will try their best to hide those extra hidden charges from you so it becomes important for you to take an account of every single bank charge.
INCOMPLETE INFORMATION REGARDING THE DOCUMENTS
Be well aware of the documents that are required to file with the free zone authority. Any incomplete step can lead to a total failure. All the dreams would go in vain due to a slight lack of knowledge. It is advisable that you hire a local agent or consultant to do the needful. Believe me, money invested in hiring a local agent who will guide you on each and every step of the paperwork process will save you from a hell lot of trouble.
The steps should be followed very carefully. Don’t let these silly mistakes come in your way of the future. Be bold and courageous to take the risks and smart enough to avoid any mistake or blunder. Company registration in Dubai & Start up a business in Dubai is a big step which requires efforts, attention and utmost care. Once you are done with the steps without committing any error, you will be all set to live your dream and transmute it into reality.