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Setting Up a Business in Dubai

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16th Nov 2016

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Dubai's skyline has become world famous, and it is renowned for rapid expansion of services to become the business hub of the Middle East. Bilal Sabouni, CEO, American Business Council & N. Emirates initially travelled to Dubai to complete a degree and became fascinated by the infrastructure he saw there - so much so he didn't leave.

In Dubai, free-trade zones make a difference when setting up a business. "It's a matter of ownership", Sabouni says: If you set-up your business in a free-trade zone you have total control and full ownership of your business.

If you chose to setup outside a free trade zone, you will need a local stakeholder who will then own 51% of the business. This is usually an option for distribution companies or SME's who put emphasis on local partners who can help gain greater access into the market.

When advising companies interested in expanding into Dubai, Bilal explains that the government is very open and welcoming to foreign businesses. Although, as ever, make sure you do your due diligence. One needs to understand the local market and the rules and regulations that come with it.

Watch the full interview to hear more about setting up a business in Dubai.