With its growing and diverse economy, liberal labour laws, economic free zones and low income tax, Dubai is one of the most attractive destinations for international businesses. You could watch your company grow exponentially as a result of operating in Dubai, and thanks to its two major ports and airlines that fly to more than 160 nations, you won’t struggle to forge partnerships with businesses from all over the world. However, you need to be aware that setting up shop in Dubai can be challenging.
You’ll need to become accustomed to the rules, regulations and laws of Dubai in order to operate a business successfully, and even if you plan to open your business in an economic free zone, you’ll need a sponsor. Fortunately, the role of a sponsor extends beyond just ensuring you comply with the law – they can ease you into a new nation, represent you to the government, take a lot of tasks off your hands, and much more. First, however, you need to find a sponsor you can trust.
Provided you find a sponsor that has earned a reputation for excellence, you can get set up in Dubai with relative ease. Keep reading below to learn more about how the right sponsor can help you.
The Benefits of Business Sponsorship in Dubai
There was once a time when all foreign companies needed an Emirati majority owner, but that’s no longer the case. However, you do still require a sponsor to operate in Dubai legally, but the advantages of sponsorship extend beyond meeting legal requirements.
- Renewing Your Trade License
Most companies require a trade license to operate in Dubai, and the rules surrounding the license change frequently. Fortunately, you don’t necessarily need to remember how to renew a trade license in Dubai because your sponsor can deal with it on your behalf.
- Representing Your Company
Your sponsor will act as your legal representative to the government and ensure they remain up-to-date with any changes to the legal system that could benefit your business. There’s no reason to spend weeks trying to get used to the laws in Dubai when a sponsor can do all that for you.
- Handling Your Administration Tasks
Global business expansions can be logistical nightmares, so if you want to make the transition as straightforward as possible, you might want to outsource your HR and administration tasks to your sponsor.
- Giving You Access to a Network of Resources
Your sponsor probably already has a network of contacts and resources that you can utilise to your advantage.
Why Make Operating in Dubai More Complicated Than Necessary?
Dubai is undoubtedly one of the best international destinations for businesses thanks to its growing economy and liberal economic laws, but you still need to find a sponsor that can help you comply with the law and deliver the benefits detailed above. Search diligently for the right sponsor, and you’ll be up and running successfully in Dubai in no time at all.