The allure of Dubai is for many reasons, a strategic location for business along with the tax advantages, not to mention a glamorous lifestyle with year-round sun!
However, before moving to this bustling city, it's worth understanding the business culture, allowing a more seamless integration for you and your business in Dubai.
As an entrepreneur looking to make the move, it's worth understanding the key aspects of the UAE business culture, to help establish yourself within the thriving business landscape.
Dubai is a melting pot of cultures, so it's key to be sensitive when it comes to approaching interactions with people from various cultures. Having cross-cultural communication skills can be effective when it comes to building relationships.
Key points:
Personal connections are highly regarded in Dubai’s business culture. To be successful in the business environment of Dubai, ensure you place an importance on building long-term relationships. Effectively networking with individuals and business owners can set you up for a great future in the UAE.
To build successful relationships:
In the UAE, as a Muslim country, many practices and customs are based on the religion of Islam. Understanding and being respectful of Islamic values are important for business interactions to be fruitful.
Key points to remember:
The UAE is made up of seven states, called emirates, with each of these having a ruler or ‘Sheikh’ to govern the emirate. This hierarchy is also typical of the business structure within Dubai and the Emirates. A strong emphasis on authority and respect is prevalent within businesses and organisations across the country.
It also has a significant impact when it comes to decision-making and the finalising of business dealings. Appreciating this is key during communication whilst engaging with businesses in the UAE.
Key points to remember:
Negotiating is integral in the business customs of Dubai. Understanding the local style of negotiation is beneficial when going into business negotiations. The negotiation may be indirect and drawn out, so remain patient and friendly with any outcome to maintain positive relationships.
Key aspects of negotiation in Dubai:
Business etiquette in Dubai is crucial to making a positive impression, particularly if you’re looking to make successful business relationships.
Adapting to the business culture of Dubai and the UAE will allow you to build strong relationships and achieve success with your business. Once you embrace its cultural diversity, grasp the business etiquette, and respect local Emirati customs, you will set yourself up for success in a thriving business environment.
If you’re ready to make your move, Capture Accounting is here to help. We can remove the hassle from you and help get your business set up in Dubai. We’ll also give you all the advice you need regarding tax and VAT in the UAE, and of course, we can manage your accounts.
Get in touch with us today to start your journey to Dubai!
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Reza is the Founder of Capture Accounting and also a content creator himself. He spends most of his time coaching and mentoring other accounting firm owners to build more profitable firms and do better for clients. You'll find him very active on LinkedIn.
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