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Business Setup (2)

 

Every company wants to improve its business accuracy; however, mistakes are going to happen—it’s just a fact. When mistakes do happen, the following actions or inactions will take place:

•Nothing changes; therefore, the same mistake can, and probably will happen again.

•Someone needs to be blamed; therefore, the same mistake can, and probably will happen again. It’s not much different than when the company does nothing.

•A lesson can be learned from the mistake, thereby reducing the possibility that the same mistake will happen again. This obviously is the best option and promotes operational efficiency. 

Saturday, 24 September 2016 19:11

Do you like to start a business in Dubai?

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Starting a business in the Dubai should not take you more than a week once you've sorted all your legal procedures.

But before you start your legal formalities, you need to consider some elements required in the process:

 

1. Type of business

Your type of business will determine the kind of license you require. Whether it's commercial, professional or industrial licenses, these will define the basis of your operations. However, while selecting, remember that certain activities such as food trading, jewellery trade, veterinary activities and legal consultancy require further approvals from other governmental departments.

The Department of Economic Development (DED) in Dubai has a list of over 2100 activities you can choose from. If you're unable to find your specific one in there, you can contact the DED. Each free zone has its own regulations and approval formalities.