Category: Entrepreneurship

How to tough out those seasonal Dubai business slowdowns

When those difficult business lulls come around, they can spook even the hardiest of business owners. Slowdowns and upturns in sales are all part of the natural economic cycle; but that’s not to say the transitions are easy to handle. So, when business is slower than usual, it’s crucial that we keep cool heads and approach the situation with the same tools we use when addressing any other professional problem: objectivity and logic. It’s all about taking steps to keep our enterprises moving forward, regardless of the current climate. 

Read More

Dubai World Trade Centre company setup

There are very few entrepreneurs in the UAE who haven’t at least considered setting up in one of the country’s free zones. This is particularly true of entrepreneurs from overseas – and it’s not difficult to see the reasons behind this. 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, free zones make for an attractive proposition. But these are just the headline benefits. Each individual free zone also offers a host of advantages that differ from others in the region. One such free zone is Dubai World Trade Centre (DWTC). 

Read More

The challenges of finding a local UAE sponsor – and how to overcome them

The UAE is a region brimming with potentially lucrative business opportunities that never fail to attract savvy entrepreneurs. When it comes to setting up in the UAE as a foreign businessperson, there are basically two options: you can start a business in a free zone or launch a mainland company. While there are opportunities in both, there’s a wealth of lesser-known advantages in favour of setting up a mainland company. It’s no wonder many entrepreneurs opt for the benefits that lie here. But there is one step in this process which can cause issues, and that is finding a local UAE sponsor. In this article we explore how to overcome this challenge.

Read More

Why an unhealthy CEO is bad for business

As a CEO or business leader you may think your health and your business are two separate things. But it’s not true. Few CEOs would like to admit it, but these two aspects of life rely on each other in a fundamental way. When one falters, so does the other. Poor health and a poor lifestyle on the part of the CEO can result in the decline and even the death of the business. In this article we look at what you need to know in order to stop that from happening.

Read More

Dubai Knowledge Park company setup

Dubai Knowledge Park differs from other free zones (both in the UAE and beyond) as it is the world’s only free zone dedicated to human resource management and learning excellence. Located adjacent to Palm Jumeirah, DKP is home to hundreds of businesses including NGOs, HR management and consultancy firms and testing centres. So let’s take a look at the specifics to find out whether Dubai Knowledge Park company setup is right for you and your business.

Read More

Do life partners make good business partners?

If the marriage of true minds is free from impediments, as Shakespeare almost said, it doesn’t necessarily follow that a strong and enduring personal relationship will translate into a long-lasting and profitable business partnership. And yet, many life partners do bond happily in business. So is there a formula for success and a set of personality traits and behaviour patterns that are good for business? Is there such a thing as commercial chemistry? The answer is yes and no. In this article we look at whether life partners make good business partners.

Read More

How to start an events company in the UAE

Around the world, the events industry is booming. Last year’s American Express Meetings and Events 2016 Forecast predicted the largest growth globally in spend since 2011, while Alpen Capital noted the ‘GCC hospitality industry remains firm on its growth trajectory.’ Focusing more closely on the UAE, the events industry here is very much in keeping with this global and regional trend, welcoming millions of global visitors annually. Needless to say, this has left many entrepreneurs wondering how to start an events company in the UAE. In this article, we show you how it’s done.

Read More

Ready for a new chapter in your working life?

Here’s what happened when two people, from different countries, with very different skillsets, followed a dream to start a business in Dubai.

Read More

General trading license in Dubai and the UAE

Exploring the various license options can be daunting for first-time entrepreneurs in the UAE. The answer to the question, ‘Which license?’ depends almost entirely on the nature of your business activities. Companies wishing to import, trade and export goods and products such as food, furniture, electronics or clothes must apply for a general trading license. This allows businesses to trade not only locally within the UAE but also with markets around the world. What’s more, a general trading license enables companies to trade in mixed goods. In practical terms, that means a business could import, export and trade any number of products – such as cosmetics, building materials and toys – all under the same license. And the best part is, applying for a general trading license in Dubai and the UAE is extremely straightforward. In this article we look at how to go about it.

Read More

The business lessons hidden behind internet headlines

The internet is a very big place. Full of information, opportunities and… statistics. The problem is that these stats are not always relevant – and they’re not always true. Still, statistics can be thought-provoking. In this article we have drawn up a list of our favourite statistics and look at the actual lessons they can teach us – whether they raise a smile, an eyebrow or even a business case.

Read More