Keating

Setting up a business is a daunting and overwhelming task. There are people who back out just from the sight of the requirements to accomplish. However there are those that persevere because they think about the rewards that will come out of it. They think more of their long-term goals.

1. Identify the business you are going to establish. If you want to yield more profits, you should research about the industries that are in demand in the area for instance in Dubai, real estate, exports, nightclubs, job agencies, and childcare have business opportunities in the city.

2. Be informed about ownership requirements. The rule in the UAE is that 51 % participation by UAE nationals is required of any established companies except in certain circumstances like in some Free Zones such as Jebel Ali and Airport Free Zones. If you are thinking about getting into general partnerships, know that this is limited to UAE nationals only.

4. Hire someone who can negotiate for you in Arabic. The thing about Dubai or most regions in the United Arab Emirates is that most transactions especially in government institutions are in Arabic. It would help you a lot to hire someone who can speak Arabic who can negotiate on your behalf.

Also, in the UAE there are Free Zones that you can benefit from, however it would help you a lot if you research about the rules and regulations governing these areas before establishing anything. The more you know, the less likely you will lose in the business. Remember, knowledge is power especially in business.

London is one of the most happening cities in the world with a very high standard of life. Interestingly, it is one of the world's most populated cities also - a staggering 8 million people lives here with a very high median income. Quite evidently, it has a huge market potential for any kind of business!