Hi can anyone give me any background info or point in the right direction of how I would start a small buissness around Dubai??
Ideas I have are...grocery shop/small deli cafe/juice bar.
many thanks
the message board for Dubai English speaking community
dbxsoul wrote:get yourself a copy of the "company law" (i think of 1980), there is a book shop at the bottom of the burjaman centre that used to carry law books. the book will tell you all you need to know in order to start a business in dubai as well as the various types of companies and partnerships.
the basics are that you need to have a local sponsor (emirati) for the business, on paper he would own 51% of the business and you 49%. You require a startup capital of 300, 000AED to finance and establish the company; normally both partners should put in an amount equal to the shares they have in the business, BUT do not count on this, many local sponsors won't put up a single dirham, and expect you to do that for having the privallige of their sponsorship.
Return to Dubai Expat Help Forum