Setting up companies, commercial or service agencies is never quite as straightforward as it first appears. Licences take longer than originally anticipated and there are invariably unforeseen costs and administrative difficulties. This should be taken into consideration at the initial investment planning stage and analysis. At the end of the day most countries' Civil Commercial Codes have only been established for a relatively short period of time, particularly when compared with European or US jurisdictions. Ensure the provision of adequate finance and management .
Costs are always likely to exceed original budgeting.
In addition, there is a general approach among GCC states to adopt fixed priced contracts. The ways of doing business throughout the GCC vary with the idiosyncrasies of each country and this article is only a general guide as to the alternatives in each country. It is recommended that any entrepreneurs should seek more detailed advice. Licence approval is ultimately subjective and it is important to have a very clear idea of exactly the type of business that one wants to conduct to ensure the most appropriate legal vehicle is established. The most comprehensive survey of executive salaries in the region.