1. Be prepared to negotiate on prices
You will not always achieve your 1st price in the UAE. Everyone loves a bargain so be prepared for this.
2. Build your network
Referrals and word of mouth are some of the best marketing tools in the UAE, there are plenty of professional networking groups out there to help you with this.
3. Be personal
Business is often conducted face to face or over the phone with less reliance on email. Don’t launch straight into a sales pitch; ask after family and the well being of the person you are meeting first. People buy from people they genuinely like.
4. Meetings
These are often rescheduled or start later than planned, be prepared to be flexible. Lobbies of hotels can be good for meetings as they are easy to find but if you are discussing money or issues, a private meeting room such as those found in Business Centres are ideal.
5. Start up costs
Don’t get caught out. There is a lot to think about when starting your business here – office, company formation legalities, sponsorship. A Business Centre/Business set up company can make this very easy for you.
6. Be culturally aware
To be taken seriously by local people, make sure you dress modestly. Be aware of working restrictions during periods such as Ramadan when Muslims are fasting. Let your local client take the lead with greetings, handshakes between male and females can be unacceptable to some.
7. Business cards
Carry plenty. There is a heavy emphasis put onto business cards and it is customary to present these at every meeting with someone you have not met before.
8. A good business address on your stationery gets respect
Prime locations relevant to your business that are easy to find will be best for your company.
9. Keep up to date with legislation
The rules are constantly being updated. You will need a local trade licence and all staff will need visas to work in Dubai. Luckily there are plenty of Company Formation specialists who can help with this.
10. Understand the difference between DED and free zone licensing
A DED licence gives you 49% ownership of your company while a free zone licence gives you 100% ownership but you cannot sell products directly in Dubai
Source: oryxworldbusinesscentre
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ReplyDelete. International Muslims is a big web page where they taught by means of the expert instructor to the Terme conseillé who wants to do business under the laws of Islam.
Now even if you are planning for a mainland company setup, our expert teams would help you with all the necessary guidance and paper works. Since mainland business setup in Dubai does not require any corporate and personal taxes, it proves to be one of the best areas of company formation procedures.
ReplyDeleteAgreed, There are multiple types of licenses when it comes to start business in Dubai. For further details take a look on to this article
ReplyDeletehttps://www.companysetup.ae/types-of-trade-license-in-dubai-that-you-should-know-about/