Penalties you can face during the Business Setup in Dubai
Are you an entrepreneur thinking about starting a company in Dubai or another emirate? Though Dubai is known for its ease of doing business, relying solely on Google and friendly advice would almost certainly lead to failure. Simple mistakes made during business setup in Dubai will cost you a lot of money in the form of hefty penalties. Here’s our guide to the penalties you could face when setting up a business in Dubai, particularly if you’re doing it on your own without the assistance of business setup consultants in Dubai. Penalty for possessing the incorrect license Obtaining a license is the first step in a company setup in Dubai. In Dubai, all commercial operations need a valid license from the appropriate authority. You must select the most suitable or correct business arrangement in order to secure a legal license. If you don’t, you’ll either get the incorrect business license for your practice or no license at all. This will result in some serious consequences. It might...