Category: Dubai Economy

Making it as a woman entrepreneur – does gender play a role when running a business in the UAE?

Many believe incorrectly that starting a company as a female in Dubai is particularly difficult, that you will be at a disadvantage. In fact, quite the opposite is true. A quick scan of the Forbes 50 Most Promising UAE Startups reveals women leading some of the most prominent new businesses in the region. So let’s look at some facts, at the rise of the female entrepreneur in the UAE, and then examine the key steps you can take to get your UAE startup off the ground.

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Behind the headlines – Dubai’s booming economy and what it means for your business

We’re used to hearing big, bold headlines about Dubai, whether it’s another record-breaking skyscraper, man-made islands, or drone taxis set to whisk people around the city. With the economy too, the headlines are often celebratory. If the stories sound like hype, that doesn’t mean they’re not true, but do they give the full picture and what are the implications for the entrepreneur? In this article we look at Dubai’s booming economy and what it means for your business.

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Dubai’s thirst for innovation is pushing the frontiers of technology

Flying firefighters and driverless cars, almost-instant portal travel, and buildings that seem to lack solid foundations. It might sound like science fiction, but all this and more is happening in Dubai. Whether your startup is looking to innovate in tech, or simply take advantage of an ever-more-connected city, Dubai is moving quickly. In this article we look at the incredible innovations in the city, and what it means for the entrepreneurs operating in Dubai, or considering setting up here in the future.

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How do I choose a name for my UAE company?

In most cases your business name is one of the first things your potential customers will know about you, so it’s vital that it makes a good impression. When choosing a name for a UAE company there are two main aspects to consider: the emotional and the practical. Let’s take a close look at the key considerations for both.

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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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