Legal Challenges For Entrepreneurs In UAE Business Setup
While the United Arab Emirates (UAE) offers a business-friendly environment, entrepreneurs navigating the complexities of business setup often encounter legal challenges. Understanding and addressing these challenges is crucial for a successful and compliant entry into the business setup UAE. Foreign ownership restrictions: In many sectors, UAE law requires a local sponsor or partner to hold the majority share (at least 51%) in a business. This restriction poses challenges for foreign entrepreneurs seeking full control over their ventures. Exploring options like Free Zones, which allow 100% foreign ownership, can mitigate this challenge. Legal structure and licensing: Selecting the appropriate legal...