{"id":2106,"date":"2020-08-31T18:50:54","date_gmt":"2020-08-31T18:50:54","guid":{"rendered":"https:\/\/jupiterbusinessmentors.com\/?p=2106"},"modified":"2021-02-12T09:56:39","modified_gmt":"2021-02-12T09:56:39","slug":"how-to-enter-the-uae-market","status":"publish","type":"post","link":"https:\/\/jupiterbusinessmentors.com\/blog\/how-to-enter-the-uae-market\/","title":{"rendered":"How to Enter the UAE Market"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In war (and business) it\u2019s the terrain that matters. Sun Tzu\u2019s old adage rings as true today as it did millennia ago. Failure to acknowledge the true need of your product or service in an unfamiliar market landscape is a surefire way to take a loss. It is all too common for start-ups in the UAE to fall short when it comes to market study, budget evaluation and calculating rainy day reserves. It\u2019s essential to clearly assess the competition and their pricing as well the dynamics of your new selected market.<\/span><\/p>\n<h5><b>Knowing the laws of the land<\/b><\/h5>\n<p><img loading=\"lazy\" class=\"size-medium wp-image-3116 alignleft\" src=\"http:\/\/18.223.240.160\/wp-content\/uploads\/2020\/08\/p2-4-300x181.png\" alt=\"Licensing and regulatory experts\" width=\"300\" height=\"181\" srcset=\"https:\/\/jupiterbusinessmentors.com\/blog\/wp-content\/uploads\/2020\/08\/p2-4-300x181.png 300w, https:\/\/jupiterbusinessmentors.com\/blog\/wp-content\/uploads\/2020\/08\/p2-4-768x463.png 768w, https:\/\/jupiterbusinessmentors.com\/blog\/wp-content\/uploads\/2020\/08\/p2-4.png 939w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><span style=\"font-weight: 400;\">Jupiter Business Mentors(JBM)\u2019s <a href=\"https:\/\/jupiterbusinessmentors.com\/business-compliance-licensing-consultants\/\">licensing and regulatory expert<\/a>, Richa Bhagnari, goes further, suggesting that, \u201cwithin the GCC as a whole, it\u2019s essential to carry out a market feasibility study whilst considering the various parameters to ensure sustainability \u2013 make sure to chart the cost of starting up and running a business against its potential to grow. It\u2019s also crucial to evaluate the strength of your USP (unique selling proposition) and consider whether it\u2019s enough to hold on to a large enough stake of the market share for survival and expansion.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Taco Bell\u2019s swift retreat from the UAE is a great example of inadequate local market research. Counterproductive outlet spots and a lack of cultural insight, tied in with an unappealing USP, saw the American fast food giant close its doors in The Dubai Mall after only 4 years.\u00a0<\/span><\/p>\n<h5><b>Knowing the laws of the land<br \/>\n<\/b><b><img loading=\"lazy\" class=\"size-medium wp-image-3115 alignright\" src=\"http:\/\/18.223.240.160\/wp-content\/uploads\/2020\/08\/p3-4-300x212.png\" alt=\"Knowing the laws of uae\" width=\"300\" height=\"212\" srcset=\"https:\/\/jupiterbusinessmentors.com\/blog\/wp-content\/uploads\/2020\/08\/p3-4-300x212.png 300w, https:\/\/jupiterbusinessmentors.com\/blog\/wp-content\/uploads\/2020\/08\/p3-4-768x543.png 768w, https:\/\/jupiterbusinessmentors.com\/blog\/wp-content\/uploads\/2020\/08\/p3-4.png 910w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/b><\/h5>\n<p><span style=\"font-weight: 400;\">The UAE\u2019s improvement in the World Bank\u2019s Ease of Doing Business 2020 index, currently ranked 16<\/span><span style=\"font-weight: 400;\">th<\/span><span style=\"font-weight: 400;\">, shows the success of efforts making it easier for fledgling businesses to start out. However, the hidden costs and complexity of requirements can soon dampen one\u2019s enthusiasm.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before entering into a new market and registering your business, it is of vital importance that you have fully considered all of the options available within the UAE, and where exactly to establish your business.\u00a0 In order to assess which option suits you best, consider the following:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">The structure of your business (Sole Proprietorship, LLC, Partnership, etc.)<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Your business activities <\/span><\/li>\n<li><span style=\"font-weight: 400;\">The number of visas you require<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Whether or not office space is necessary or if your staff can work remotely.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">JBM\u2019s company formation expert Edwin Cabanero Duria<\/span><span style=\"font-weight: 400;\"> recommends engaging with reliable consultants, suggesting that \u201cdeciding on the right license for you without the right guidance and expertise can be expensive and ultimately fatal to your business. Only after receiving this can you start to get a realistic idea of what your options are. Then you can begin to budget accordingly.\u201d<\/span><\/p>\n<h5><b>A common mistake that you can easily avoid<\/b><\/h5>\n<p><span style=\"font-weight: 400;\">Edwin warns that, \u201cover the past decade the most common mistake I see newly established companies make is being far too aggressive with offers and promotions, especially those advertised on social media platforms. More often than not, cheap doesn\u2019t mean the best, and higher discounts doesn\u2019t mean its the cheapest. In order to avoid hidden pitfalls and have all your options made clear to you when starting out in the UAE, I recommend utilizing trusted and reliable consultants.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For detailed and professional advice on the procedures involved in <a href=\"https:\/\/jupiterbusinessmentors.com\/startup-sme-entrepreneurs-business-advice-mentors\/\">starting a business<\/a> and registering for a license in the UAE, contact our platform mentors. Take advantage of your three 1-2-1 mentor sessions of 30 minutes duration each with those that know the landscape best!\u00a0<\/span><\/p>\n<p><b>To book a FREE spot with <a href=\"https:\/\/www.jbm4u.com\/#\/mentor\/profile\/34\">Richa Bhagnari<\/a><br \/>\n<\/b><b>To book a FREE spot with Edwin <a href=\"https:\/\/www.jbm4u.com\/#\/mentor\/profile\/47\">Cabanero Duria<\/a><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In war (and business) it\u2019s the terrain that matters. Sun Tzu\u2019s old adage rings as true today as it did millennia ago. Failure to acknowledge the true need of your product or service in an unfamiliar market landscape is a surefire way to take a loss. It is all too common for start-ups in the &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/jupiterbusinessmentors.com\/blog\/how-to-enter-the-uae-market\/\"> <span class=\"screen-reader-text\">How to Enter the UAE Market<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":3,"featured_media":3292,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[21],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Important points to be considered before starting a business in UAE.<\/title>\n<meta name=\"description\" content=\"Get professional advice from the experts on the procedures involved in starting a business and registering for a license in the UAE.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jupiterbusinessmentors.com\/blog\/how-to-enter-the-uae-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Important points to be considered before starting a business in UAE.\" \/>\n<meta property=\"og:description\" content=\"Get professional advice from the experts on the procedures involved in starting a business and registering for a license in the UAE. Know the laws of the land before entering the UAE marketing for business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/jupiterbusinessmentors.com\/blog\/how-to-enter-the-uae-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Jupiter Business Mentors Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-31T18:50:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-12T09:56:39+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/jupiterbusinessmentors.com\/blog\/wp-content\/uploads\/2020\/08\/Start-a-business-in-the-UAE.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"3 minutes\">\n<script type=\"application\/ld+json\" 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