Civil company formation in the UAE – the exclusive setup for specialists and professionals

Foreign entrepreneurs looking to set up in the UAE are faced with several options. You could opt to set up in one of the country’s many free zones, set up an LLC on the UAE mainland or form a civil company. Civil company formation in the UAE is available to qualified professionals in specialist sectors – such as doctors, accountants, lawyers, consultants and engineers. Civil companies must be established as partnerships with the business owners holding professional qualifications in their field of expertise. In this article we look at civil company formation from all angles to help you decide whether it’s the best option for you.

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Ready to fly? Why finance can give your startup wings

Gaining traction for a new venture from day one is every entrepreneur’s dream. You want to appear dependable, credible and financially astute. But creating a good impression and appearing established depends as much on having effective, up-to-date equipment as it does on sound financial judgement. One way to ease the pressure on startup budgets and cash flow is by keeping hold of capital and choosing finance, or leasing, for that equipment. Leasing can kick-start a business by giving a degree of flexibility and control, allowing entrepreneurs more room for manoeuvre when new opportunities, or unexpected expenses, arise. In this article we look at why choosing finance options or leasing may help your startup succeed.

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Likeability in business: What is it and where can I get it?

What are the traits required to be a business success? A capacity for hard work, certainly. An appetite for risk, no doubt. Determination and a resilience to set-backs, absolutely. What about likeability? Plenty of entrepreneurs out there will have grown up in the belief that ‘nice guys finish last’, that business is no place for the weak and, therefore, you have to put on a tough exterior if you are going to come out on top. This may have been true once upon a time, but attitudes are changing and the value of traits such as empathy, understanding, and self-awareness is rising all the time. In this article we look at what likeability is in business and how you can achieve it.

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IT consultancy setup in Dubai – we are the MENA’s top tech hub for a reason

Whether it’s the latest developments in hospitality, construction, healthcare or any other industry you care to name, Dubai is well and truly the home of ‘the next big thing’. But it is the emirate’s status – coined by Forbes – as the ‘next big tech startup hub’ that has really caught the attention of investors and entrepreneurs from around the globe. Perhaps more than anywhere outside of Silicon Valley, the technology industry here in Dubai is truly in the ascendance. Support for tech startups from the government, as part of the UAE’s strategy to diversify its economy away from oil, alongside a number of startup incubators (such as In5, Silicon Oasis and i360accelerator) is predicted to help the Dubai tech market top AED 22bn by 2019, according to the Dubai Chamber. So if you’re ready to get your IT consultancy set up in Dubai, below is everything you need to know to get started.

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Puzzled by the legal jargon? Here’s what to include in the Memorandum of Understanding (MOU) between you and your local sponsor

Any new business requires some guidance through the paperwork when starting out, but for companies setting up in the UAE mainland, there is one particularly important document that really should receive your full attention: the Memorandum of Understanding (MOU). This agreement wields the power to figuratively ‘make or break’ an emerging business. As with all commercial paperwork, MOUs can be prone to the confusion of jargon and legalese – but there is no need for this. The best MOUs keep things clear, concise and easy to understand. In this article we take a closer look at what this document is and the essential points it ought to include.

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Setting up a UAE business? Here are seven lessons from the services sector you need to hear

The UAE landscape is looking fertile for small and medium-sized businesses. In fact, some estimates put the total number of SMEs in the UAE at 350,000. Add to that the fact that the services sector in 2014 accounted for 37% of Dubai’s total GDP and it’s clear there are lessons here for any entrepreneur looking to set up in the UAE. So which are the leading service industries in the UAE, and what can future business owners learn from existing SMEs operating in them?

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