Category: Dubai Economy

Businesses without offices – is this the way forward?

Office-less working. Working from home. Telecommuting. Whatever you call it, it’s definitely on the rise. For employees today, work is often seen as an activity not a place, and organisations of all sizes are scrambling to accommodate for fear of becoming uncompetitive. For some businesses allowing employees to work from home has been hugely successful – leading to productivity, morale and retention gains while reducing costs. However, for others it has not suited their business model. In this article we look at the office-less environment to help entrepreneurs in the UAE decide whether it’s the right option for them.

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How to hire in the UAE

With so many factors at play, hiring new employees is never going to be an exact science – and that’s precisely why so many businesses admit to getting it wrong. A 2014 CareerBuilder survey found that 41% of employers said that a bad hire in the past year had cost them at least USD 25,000. Hiring is complex, but there are ways to manage it effectively. In this article we look at what you need to know about hiring employees in the UAE and how to do so successfully.

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Inspecting the SME playing field in the UAE

There are lots of compelling statistics about small and medium-sized enterprises (SMEs) in the UAE: one recent report puts the overall number as high as 350,000, accounting for 94% of companies. However, according to the Khalifa Fund for Enterprise Development (KFED), set up 10 years ago to champion the cause of SMEs, the failure rate of UAE-based startups is around 30-40%. What are the reasons behind the failures? And how can you make your SME a success?

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How to set up your company in Dubai Multi Commodities Centre

The UAE’s free zones are well-known around the world – and it’s not hard to see why. With 0% corporate and personal tax, 100% company ownership, 100% repatriation of capital and profits, no currency restrictions, and 100% import and export tax exemption on offer to those who set up within them, free zones in the UAE offer one of the most attractive environments in the world to do business. If you’re still considering your options when it comes to where to set up your company, our article on DMCC will help you decide whether this is the right free zone for you. 

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What will VAT mean for companies in the UAE – and how will accountants benefit?

Following the announcement last year that the UAE will introduce VAT on the 1st of January 2018, those of us working here must prepare for a huge shift in the economic and financial landscape. As this new era quickly approaches, comprehensive planning, preparation and checking is essential to ensure a smooth transition. To help with this somewhat daunting process, we look at what VAT will mean for companies and who will be benefitting from its introduction. 

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Startup success by the numbers – battling the odds

Starting a new business is a gamble. You can have a great idea, research your market, draw up your business plan and burn the midnight oil, but you can’t be certain how things will unfold. There are around 300,000 small and medium enterprises in the UAE, but the picture isn’t always rosy. Starting a new business in the Gulf region is complicated, competitive and a constantly shifting picture. Let’s look at the odds you have to battle to become a start up success. 

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Setting up a company in Dubai Airport Freezone

Free zones are widely credited as playing a huge part in both the diversification of the UAE’s economy and the country’s rise to becoming one of the world’s leading business hubs. This week we look at Dubai Airport Freezone Authority. If you’re sold on the idea of setting up in a free zone but are still considering your options, here are six key benefits of Dubai Airport Freezone to help you decide whether it’s the right fit for your business.

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Setting up a company in Dubai South Free Zone

Free zones are widely credited as playing a huge part in both the diversification of the UAE’s economy and the country’s rise to becoming one of the world’s leading business hubs. This week we are going to look at Dubai South Free Zone. If you’re sold on the idea of setting up in a free zone but are still considering your options, here are eight key benefits of Dubai South to help you decide whether it’s the right fit for your business.

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From startup to public company: Building a business in the UAE

Going public and building a thriving international business is the aim of entrepreneurs the world over. From London to Tokyo, Los Angeles to Hong Kong, New York to Dubai, behind every startup is the dream of making it big with a flotation. And why not think big? Like politics, business is the art of the possible. All the great international companies started small. Why not your idea, your company?

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What can we learn from Dubai’s shopping mall phenomenon?

As the fourth most visited city in the world, Dubai’s reputation as the leading leisure destination in the UAE is firmly established. Now as the city gears up to host the World Expo 2020, it is expanding its horizons and encouraging entrepreneurs to think big again. So today we’re going to look at one of Dubai’s most famous features – its malls. Yes, they’re cutting-edge retail environments, but what does their success mean for those involved in any form of business (large or small) in the emirate?

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