Page 12 - Premier Brains Global -Doing Business in UAE (Low Res)

DOING BUSINESS in UAE

• Distributor or Agent: Partner with a
ESTABLISHING BUSINESS IN
local distributor or agent who has a strong
UAE understanding of the market and established

networks. This can help foreign investors to
Doing business in UAE can be promising due navigate through local regulations and tap
to its strategic location, favorable business into existing customer bases.
environment, and economic stability. It also
depends on various factors such as: • Joint Ventures or Partnerships:
Collaborate with a local company through
• Deciding on the nature of business activity. joint ventures or partnerships. This can
• Legal structure suitable for the business. provide access to local expertise, resources,
• Securing a physical location for your and customer bases, while sharing risks and
business operations. rewards.
• Required documentations.

• Licenses necessary for your business • Franchising: If you have an established

activity from the relevant regulatory brand, franchising can be a viable option. This
authorities. allows you to expand your brand’s presence
• Ensuring attestation and legalization of in the UAE through local franchisees.
required documents (as required)
Entering a new market involves careful • E-Commerce: With the rise of e-commerce,
planning, research, and a deep understanding consider entering the market through online
of the local business landscape. Insertion platforms. This can be a cost-effective way
into the UAE market can be done in any of to reach a wide audience.
the following ways:
• Licensing or Technology Transfer: If
• Establishing New Company: You can you have unique technology, products,
open a new company however for specific or services, you can license or transfer
strategic industries special approvals and them to local partners for manufacturing,
prior experience is required before allotting distribution, or sales.
such licenses like in case of insurance, Although the above options can lead to
banking etc. Companies can be opened in effective entry into the UAE market, some of
mainland, freezone or offshore the commonly used business forms foreign
investors use in UAE are either through:

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