So you’re thinking about doing business in Abu Dhabi? Well, before you take the plunge and start registering your business here, it’s important to be aware of some possible pitfalls. Many new businesses have found themselves struggling with their finances after simply not knowing what they were getting into. So just keep these few things in mind when setting up a business in Abu Dhabi and hopefully, it’ll help along the way!

1 – Clarity of procedures and regulations

The first thing you need to understand is how the business process works. In Abu Dhabi, as with other Emirate states e.g Sharjah, there are clear rules and regulations which must be followed. So it’s important that you familiarise yourself prior to registering your business here. There are several implications that you might not be aware of, such as compulsory licensing and compulsory insurance.

Also from a business point of view, make sure that the type of business you are setting up is actually possible to do here, and then consider what licenses and permits you may need. If you’re planning on importing or exporting items into or out of Abu Dhabi for trade, then you will need to obtain a customs license.

You may also want to hire foreign workers in your organization, which is possible if you have obtained the relevant visas for each one of them. But make sure that they are all legal residents here before hiring them!

2 – Business Networking events

Networking is key in Abu Dhabi. Getting to know the right people, being introduced to the right people. It is most likely the key factor in your business growth. But make sure you attend all business-related gatherings and parties where you can meet potential customers, suppliers, and other partners.

There are several networking events here which you won’t want to miss out on –jot down some of them in your calendar now, or at least bookmark this page!

3 – Business Hours

The standard business hours for most organizations are 9am to 5pm, Sunday through Thursday. This is not strictly enforced though so you may have the liberty to choose when you want to close down shop. But it’s best if you stay in sync with the other companies in your same line of business so that you get to network and catch up with them more often.

4 – Make sure you know what you’re getting into

You may be planning on starting a small home-based business, but before you do, make sure it’s allowed! Abu Dhabi is not an entirely free business environment, so make sure your new business falls under the guidelines of the current laws here. There are many industries that might seem lucrative but are actually banned, e.g real estate agents, lawyers, and accountants just to name a few.

If you’re not sure whether you can set up shop here, don’t hesitate to ask prospective Abu Dhabi companies about the industry and if they can help you. They will most likely be happy to give you a few pointers and tips on how to get started.

To save yourself some time, make sure you do your research thoroughly before registering your business here! Visit one of the Government websites for more information about setting up an organization in Abu Dhabi, and if you’re keen on learning more about the business culture here, check out some of the networking events happening soon!

5 – Maintain a positive outlook

With this new business venture, it’s important to remain optimistic and have a positive approach towards your goals. Having said that, staying motivated is not always easy especially during those moments when you feel like giving up.

It’s normal for someone to feel like throwing in the towel and walking away from a particular venture at some point, but don’t lose hope too soon! Abu Dhabi has hundreds of opportunities for those who are willing to put in the effort and time. There are many self-employed professionals here who were once new to this country and who rose to the top with sheer determination.

So embrace this new life here in Abu Dhabi, put your best foot forward and work towards achieving your goals!

6 – Make a plan of action

In order for you to be able to stay motivated throughout this process, it is also important that you have a concrete business plan which covers all your needs and requirements. Remember that you’re not only starting a business for yourself but as a representative of an Abu Dhabi company as well.

Thus, it is important to make sure that all the details are properly taken care of – from setting up a location for your operations to hiring employees if necessary. This way, you’ll be able to work around any obstacles that come your way and offer a more proactive approach toward your business.

7 – Know when to seek help

Starting a new business setup in Abu Dhabi is not an easy feat- it requires hard work, determination, and yes, even some money. But what many people forget is that you don’t have to go through this alone.

There’s a reason why Abu Dhabi companies exist in this country, and that is to help people just like you. These professionals have been through the wringer more than once before and they know what it takes to get ahead in business.

So if you’re facing hardships along the way, do not hesitate to seek help from a mentor or someone who can guide you through this process. Business owners here are generally very kind and helpful, so you won’t have to worry about people not lending a hand when you need it most!