Originally Posted by Dubaidude

Generally you need to undergo a lot of procedures and wait a good amount of time to start a new business. Because it involves obtaining a few licenses and dealing with Ministry of Commerce and some other government wings. But buying an already existing business may not take that much process. So what is easy and risk-free in Dubai? Starting a new business or Buying a business that is for sale?

According to a World Bank report, It takes around 11 procedures to start a new business Dubai. And depending on the type of the business, it might take around 10 to 15 days to start a new business, in some cases it might even take 30 to 40 days if it involves taking labour permission etc. So it looks starting a new business is somewhat time-taking process, it might even be risky owing to the rule that you are required to have a local partner who holds the majority interest of the business.

But on the other hand buying a business in Dubai is much simpler process. You are not required to have capital, nor any sponsorship. You just need to agree on a price and complete the transfer paper work by visiting a UAE local Chamber of Commerce.