Setting-up business in Dubai
The basic requirement for all business activities in Dubai is to acquire the license to commence all kinds of trading activity. These licenses are issued by the Dubai Economic Department, except a few that require approval from certain ministries and other authorities.
For example, banks and financial institutions from the Central Bank of the UAE; insurance companies and related agencies from the Ministry of Economy and Commerce; manufacturing from the Ministry of Finance and Industry; and pharmaceutical and medical products from the Ministry of Health
Practicing some trade activities (e.g. jewellery and insurance) requires the submission of a financial guarantee issued by a bank operating in Dubai. In general, all commercial and industrial businesses in Dubai should be registered with the Dubai Chamber of Commerce and Industry.
Business Etiquettes
• Do receive third-party introductions, whenever possible.
• Do dress formally and conservatively.
• Do engage in small talks before delving into business topics.
• Do use academic and business titles.
• Do expect faith and friendship dictate most issues.
• Do schedule appointments in advance and respect punctuality.
• Do bring a tasteful gift, if invited to a private home.
• Do not point another person with your feet, when sitting.
• Do not touch women who are not family members. Men should greet women verbally.
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