4 Mistakes Foreign Entrepreneurs Should Avoid While Company Formation in Dubai, UAE

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4 Mistakes Foreign Entrepreneurs Should Avoid
While Company Formation
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An Overview

• The United Arab Emirates or UAE is one of the
  most ideal destinations for setting up a business
  in Dubai, UAE. Well, company formation in a land
  of opportunities requires proper documentation
  and other legal procedures. MPMS is a trusted and
  reliable project management company that helps in
  company formation in UAE Freezones. Consulting a
  professional project management company can help
  you dodge mistakes and set up your business
  successfully.

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Following are the top 4 mistakes that foreign
entrepreneurs should avoid while setting up a
company in Dubai, UAE
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• Not Choosing the Right Business License

• Lack of Written Contracts Agreements

• Business Activity at Unregistered Location

• Failing to Renew Trade License in Time

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Not Choosing the Right Business License

• Getting a license is the first step in the
  process of company formation in the United Arab
  Emirates or UAE. In order to set up your business
  properly, you need to choose the right legal
  structure and license. Not choosing the right
  business license is one of the most common
  mistakes entrepreneurs do.

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Lack of Written Contracts Agreements

• You need to understand that all the agreements,
  deals, and contracts should be well-documented.
  Every business owner or entrepreneur should avoid
  verbal agreements as they may arise in a legal
  dispute.

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Business Activity at Unregistered Location

• The location of your business should be
  registered and permitted by the government of the
  United Arab Emirates. Many business owners ignore
  this important aspect.

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Failing to Renew Trade License in Time

• If your DED expires, then you are not allowed to
  trade in the United Arab Emirates. Thus, its
  imperative to renew the trade license on time.

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