Dubai Forums Dubai Business Dubai Business Talk

I wanted to ask people here is this platform good for getting business and projects?

The number of start-ups in the UAE is swiftly increasing, especially in the digital arena, with budding entrepreneurs receiving support from seed investors, mentors and even the government.

The established ones are also starting to see results.

Dubai-based e-commerce website Cobone.com was recently acquired by US-based investment firm Tiger Global Management for an undisclosed sum, while Just Falafel, another celebrated UAE success story, is now looking at opening 20 stores across the UK.

"Dubai is a business market, and to get things done and to be taken seriously, you need experience, reputation and contacts," explained Omar Christidis, the founder and CEO of ArabNet.

"The elements that you need to be successful in the UAE include business contacts/relationships, solid team with previous experience and good reputation in the market and financing – Dubai is expensive and you need to be able to afford rent (so you can register your company) and compete with the high salaries that are paid in Dubai

wisdomtalks , what kind of business are u interested in?

Of course, there are many pequliarities of making projects in Dubai. For example, u have to have a local partner that will have a control block of shares in your business. According the law he doesn't have obligation to invest money in your project. Though he has a posibility to close your business if he sees a necessety of it.

Also u have to prove your solvency to trade ministry when your organisation will be registrated. The sum depends on the state It varies from 10000 $ to 33 000 $.

But if you have a good business plan and are good informated you have good chanсes to success in Dubai

By the way you should take advice with a good lawyer )))