Category: Startups

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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Burning out? The strategic importance of a work-life balance for entrepreneurs

Burnout is a term used to describe a particular feeling; a tiredness that isn’t resolved by getting a good night’s sleep, an exhaustion that sinks into your bones. Entrepreneurs are well known for the long hours and hard work they put in to establishing their businesses, but a growing body of research shows that there is a price to pay – and it can be severe. A 2015 study carried out by the Australian Institute of Business specifically into stress-related issues experienced by solo entrepreneurs found that 87.5% are being prevented from thinking clearly and completing work quickly, due to stress and fatigue. But successful startups are hard to operate, and without looking out for the signs of burnout and knowing how to deal with them, can you succeed?

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Tell tale signs you cannot handle your company’s finances

Every entrepreneur needs finance skills. But not every entrepreneur has them. Most entrepreneurs will have bags of acumen and expertise in their chosen sector – if they didn’t they wouldn’t be there in the first place. But managing a startup’s finances often proves to be one of those things that is learned the hard way. To be clear: cash flow can be used to predict the success of a business in 83% of cases. So what behaviours, tools and techniques can you use to help you move in the right direction? 

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Are managed office spaces the smarter choice for your UAE startup?

Choosing the right office space or working environment for a startup is on the list of essentials and a ‘one size fits all’ approach simply doesn’t work here. Recent years have seen a real shift in the way we work and how office spaces are perceived. The rise of the managed office has been a slow and steady one but these days many businesses are reaping the benefits of this style of working environment. But what are the real benefits of opting for this type of office when starting a new business?

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LLC company formation in Dubai and the UAE: Everything you need to know

Setting up a company anywhere in the world can be daunting, and the UAE is no different. While the business landscape here in the Emirates is certainly accommodating, the various types of companies that may be set up here can seem a little confusing, particularly for first time entrepreneurs. Today we look at one specific mainland option – the LLC. The LLC is the most common type of business in the UAE, an independent legal entity owned by multiple shareholders, established on the UAE mainland. It has low startup costs and full access to the wider UAE marketplace. If that sounds like you, here’s everything you need to know about LLC company formation in Dubai and the UAE.

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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.

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Want to get paid? How to invoice correctly in the UAE

It goes without saying that invoicing has a hugely important role to play in the running of your business. Without timely invoices both sent and received, you could quickly see problems with your cash flow – the death knell of 82% of small businesses according to a recent survey. But despite its importance, it’s a fact that accurate, timely invoicing is still something that many startups (both old and new) struggle with, particularly here in the UAE. And questions about invoicing are some of the most common enquires to businesses formation specialists in the region. So why do entrepreneurs in the Emirates struggle to meet the mark when it comes to invoicing? And how can you invoice to make sure you get paid on time, every time?

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Setting up a company in Sharjah Airport International Free Zone

If you’re looking to start a business in the UAE, chances are the country’s free zones are already on your radar. In truth, they are pretty difficult to miss. Offering 0% corporate and personal tax, 100% company ownership, 100% repatriation of capital and profits, no currency restrictions, and 100% import and export tax exemption – well, it’s little wonder they are so popular. If you’re sold on the idea of setting up a business in one of the UAE’s free zones but are still unsure on exactly which one, here are nine benefits to help you decide whether Sharjah Airport International Free Zone is the right option for you.

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Sales statistics – focus on those that matter, ignore those that don’t

It’s easy to get statistics wrong; and just as easy to popularise skewed numbers. What they lack in truth, they make up for in being memorable and easily exchanged in casual conversation. So, in a world full of misleading stats, which ones matter for us as salespeople? And which ones can we safely ignore?

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