• HSBC

Business in Dubai's Sheila Bibi: "Businesses still making the wrong choices when it comes to establishing a presence in the UAE"

  • United Arab Emirates: Wednesday, September 10 - 2008 at 14:36
  • PRESS RELEASE

Despite the increasing number of multinational firms setting up either directly or indirectly in the Middle East, many are making fundamental errors when looking to establish either a presence or agreements with local partners, claims Sheila Bibi, Event Director for Business in Dubai, the region's first business formation event.

Companies who don't receive the proper advice and consultancy may lose millions in both lost revenues as well as compensation payments to local or regionally-based distributors and commercial agents.

With government statistics showing that over 300 companies are entering Dubai and 200 Abu Dhabi on a weekly basis, executives are under more pressure than ever to make the right decisions.

"As an executive who's been here for a long period of time, I've seen how those first steps can either make or break a company in the short to medium term. Any wrong decision can be reversed, but with the increasing competitiveness in the region's markets and as multinationals look to the Middle East to make up their shortfalls in Europe and the US, it helps to get things right the first time of asking,"


explained Bibi.

As the number of options to register an office or business in Dubai increases, be it in a Free Zone, as a Limited Liability Company, through a Commercial Agent or with a Branch Office, foreign firms need to weigh up the options and take advice from a variety of sources including legal, financial, and human resources to ensure that their decision will allow them to hit the ground running.

"There are pros and cons to each and every one of the options outlined above. But there's no one solution that fits all. That's why we founded Business in Dubai, to give potential investors in Dubai a platform to discover which choice they should make after talking to consultants, experts, and people with experience to guide you through all the processes for setting up a company in Dubai," added Bibi.

The world's expanding business community and enterprising entrepreneurs will be the focus of attention this November the 10th and 11th at Business in Dubai, the first conference and exhibition dedicated to assisting businesses, consultants, entrepreneurs and professionals on how to set up an organization or business in the emirate of Dubai.

To be held at the Jumeirah Beach Hotel, the event will reach out to those looking for know-how on the A to Z of establishing a company in the fastest growing region in the world today and will host both globally-renowned and local expert speakers.
Sheila Bibi. 
Sheila Bibi.
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About BiD
BiD Exhibitions is a wholly owned subsidiary of the Links Group of Companies, a Dubai based company with offices in Qatar and Abu Dhabi, focusing on setting up companies in the UAE. Business in Dubai has been researched and developed by Links Group to satisfy a demand for information and advice on how to develop and expand a business in Dubai and the Middle East region with a specialist emphasis on the UAE.

Released by Momentum on behalf of BID
Press Contact:
Sonja Ohly
+ 971 4 3901630

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