Harry Jonson Blog | The do’s and don’ts of setting up a successful business in Sharjah | TalkMarkets

The do’s and don’ts of setting up a successful business in Sharjah

Date: Saturday, August 25, 2018 3:12 AM EDT

If you are an entrepreneur and you have been contemplating about a business set up in Sharjah, then you’ve made the right decision. Sharjah has emerged as a great option to explore for entrepreneurs, as it presents many promising opportunities. However, you need to consider certain do's and don'ts before proceeding with business operations in Sharjah

Do opt for your business license cautiously

Any kind of activity you decide to carry out as a part of your offshore company incorporation can be categorized roughly into three parts- Commercial, Professional and Industrial. There may be different authorities who specialize in different types of licenses. You’ll be required to present separate sets of documents and fees for each type of licenses. So, it’s mandatory for you to select the right and most appropriate business license for you to ensure smooth operations in the future.

Don't deal with the business registration all by yourself

While you are probably inclined to save money, but handling the process of your business registration and licensing on your own, won’t save up anything. The process can be quite complex, and you would need the guidance of the professional consultants to help you out. Approaching a consultant for the purpose of business registration provides you more time to devote to your business venture, and you can make constructive use of that time by creating a long-term business plan.

Do a lot of digging

This may not be as easy, but it has to be carried out when you are thinking of setting up a business in Sharjah since there is constant competition everywhere. So conducting sufficient research and preparing a long-term plan will offer you with an edge over your contemporaries in business.

Don't forget to embrace the local culture

The people in the middle-eastern countries are extremely amiable and can be genuinely fun to be around. However, refrain from using profane language, derogatory remarks. It’s important for you to open up to their culture, beliefs and customs in order to thrive and prosper.

Do indulge in networking

By networking we mean, face-to-face interactions, which is any day better than those drab email communication. You can attend conventions, networking events, and maintain communication with those you meet. Networking events help you hone your skills and also contributes to a remarkable client list.

Don't forget to enjoy the process

You are exploring a new economy, where the government is trying to come up with policies for further developments. While things may not work out according to your plans at times, but you must not lose focus, just take a deep breath and device another plan for the future.

With all the do's and don'ts, your offshore company can deal with any challenges that appear in the course.

Disclaimer: This and other personal blog posts are not reviewed, monitored or endorsed by TalkMarkets. The content is solely the view of the author and TalkMarkets is not responsible for the content of this post in any way. Our curated content which is handpicked by our editorial team may be viewed here.

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