The UAE has transformed itself into a business hub over the past few decades. This has made starting a business in the UAE much easier than it was before. But when you make something easier, it should also be followed by strict rules and regulations to ensure there are no fraudulent activities happening.
While starting a business can be easy, there are many factors that need to be considered before and after you start it. Factors like having a written agreement, proper visa validity, trade license, etc. These are some of your legal requirements to start a business.
While you definitely can start a company without needing a lawyer, from experience, we can say that working with an experienced legal counselor can save a lot of time, hassle and, money.
In this episode, Biancka Gracia - General Counsel at Suits & Advisors talks about what startups need to consider when it comes to legal questions. What to keep in mind when you’re funding a startup, how to set up agreements with your co-founders, what to do when you’re getting investors on board or how to actually find a good lawyer.
This episode includes:
3:00 - Steps they took to tackle the current pandemic situation
6:30 - What to consider when setting up a company
9:00 - How to choose the right free zone
11:00 - What to take care of when launching your startup
13:30 - Multiple co-founders
17:00 - How to build T&Cs for your app or website
19:00 - Privacy and SPAM in UAE
21:30 - What to consider when you want to get funding
25:00 - 3 people you need to meet when setting up a company in the UAE
26:00 - How to estimate the cost of a lawyer and choose the right one