Category: UAE Company Setup

Dubai International Financial Centre – set up in the UAE’s premier financial free zone

Dubai International Finance Centre (DIFC) is located in the heart of central Dubai, making it the ideal hub for businesses wishing to tap into the fast-emerging financial markets of the Middle East, Africa and South Asia. The free zone’s internationally recognised and independent regulation, and enabling environment make it one of the least complex pathways into the heavily regulated financial industries. So, if you’re looking to make an impact in the money markets of the UAE, there are few better places to call home. With that in mind, let’s look at some of the key benefits on offer when setting up a company in DIFC.

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Exit stage left, centre or right? Why you need an exit strategy for your business even before you start

It seems strange to be planning to exit your business before you even get started. But this is something that all savvy entrepreneurs do when preparing to launch a new company. It only makes sense. You owe it to yourself, your employees, and your other stakeholders to have a plan in place for the time when you need to move on. This kind of change, even if it’s a positive move for the business, can be difficult and distressing for people who’ve been with you from the start. So it’s important to start thinking about your options as soon as possible. Here are some of the things you should be considering – even at the start of your journey – in preparation for an exit scenario.

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Setting up an LLC or sole establishment in the UAE: which is right for you?

When setting up in the UAE, entrepreneurs have a number of options. However, there are two main choices here: form a limited liability company (LLC) or set up a sole establishment. The major difference between the two is that LLCs can be formed with multiple shareholders, while sole establishments cannot. This also means that sole establishments have unlimited liability for the owner – which could be very costly should your business run into financial or legal trouble. In this article we look at both options in depth to help you decide which one is the right fit for you.

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What’s eating away at SME profit margins?

If you’re running a small or medium-sized company and seeing your profit margins eroded all round, you’re not alone. Dubai is often seen as a hotbed for SMEs in our region – even globally – yet comparing it with other centres yields a surprising result. Productivity in Dubai’s SME sector is actually lower than other trading and service-oriented economies, including Singapore and South Korea. The UAE Banking Federation reported last year that an initiative to support struggling SMEs had resulted in the restructuring of AED 7bn of debts held by 1,700 companies. In this article we examine four areas that are contributing to the SME situation in our region, and consider some solutions to help entrepreneurs develop better innovative reflexes, drive change and generate healthier profits.

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Dubai Silicon Oasis – the UAE’s high-tech business hotspot

Dubai has long caught attention due to its favourable conditions for entrepreneurs looking to make it big – but its free zones are truly the jewel in the city’s crown. It’s easy to see why. Benefits like 100% foreign ownership, 100% repatriation of capital, zero income and corporate tax, plus no tax on imports and exports will make even the most hardened business people take a second glance. Take Dubai Silicon Oasis (DSOA), which, along with the headline benefits listed above, also affords business owners a host of support services and an affordable, fast and straightforward setup process. So if this sounds like the ideal environment to launch your company, here is everything you need to know about Dubai Silicon Oasis.

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Fail to scale? 10 reasons why some entrepreneurs can’t grow their business

In a surprising number of cases, it is the business owner who is responsible for the stagnation of the company. The inspiration, single-mindedness, perseverance and attention to detail that breathed life into the business in the first place can become the millstone that drags it down. It’s important, then, for all business owners to be aware of the traits within themselves that can lead to the arrested development of their enterprise. In this article we identify 10 common problems, which, individually or combined, can keep a business forever knocking on the door of expansion but never being allowed in.

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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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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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