Business licence in Dubai

1 01 2010

Dubai may be a tax haven but to start a business one has to go through hell lots of hassles. I have applied on May of this year to find the process taking more than month. They ask you for proof of office rental, sponsor’s approval etc. Now this is one of the most impot advice. Make sure you have a great sponsor because a sponsor can make or break your business.

The start up hassles can intimidate any entrepreneur who has had experience in west. In west comparatively there are less hassles and once u start making money the tax man can run after your ass, Dubai’s approach is more of give me the money upfront and then you can do business here.

i always wondered why Dubai didn’t have much of those innovative venture where years of research has been spent to make something new and the reason is huge effort to get license. I heard government is going to start something new April 2010 for entrepreneurs all together.

Until then Dubai will have few entrepreneurs burning themselves for some new venture.

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