Category: UAE Industry

When is setting up a UAE mainland company the best option?

Have you considered UAE mainland company setup? It’s true that for foreign entrepreneurs setting up in the UAE, it is usually the country’s free zones that catch the eye. And when you look at the headline benefits, it’s not hard to see why they get the attention. However, free zones are not the only option. In fact, depending on the nature of the business you wish to set up, they may not even be the most suitable environment. If you wish to trade directly with the UAE marketplace or take on government contracts, then setting up a mainland company could make more business sense. In this article we look at exactly when setting up a UAE mainland company is the best option, and the advantages of doing so.

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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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Setting up as a freelancer in the UAE

For thousands of people it’s a long-held dream – throw off the shackles of your nine-to-five and become your own boss. For many, it’s more than a dream. Just last year, Forbes reported that freelancers now make up approximately 35% of the US workforce, while in the UK freelancers contributed a staggering GBP 119bn to the economy in 2016. Here in the UAE figures are harder to come by, but it’s a similar picture. Dubai’s largest freelance marketplace Nabbesh saw its membership double to 73,000 between 2013 and 2014, rising to over 90,000 by 2016. Freelancing is completely legal in the UAE as long as you hold the necessary licence. In this article we explore the steps involved to getting started.

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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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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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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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Do you need a local partner to do business in the UAE?

There is often a lot of confusion around the different types of companies that can be set up by foreign entrepreneurs in the UAE. To the outsider looking in, you could be forgiven for thinking that it can be a complex process – particularly when it comes to the need to work with a local partner. In this article we take a closer look at the specific issue of when, in fact, a local partner is required for a UAE business, and what that means in the bigger picture. 

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Nine reasons for entrepreneurs to set up in UAE free zones

The UAE has been offering a valuable head start to entrepreneurs for many years in the form of ‘free zones’. Each of these sector-specific business areas is governed by its own regulatory authorities. These free zones were designed with the goal of diversifying the UAE economy, making the region more attractive to foreign investment and offering a wealth of benefits to those who choose to set up shop there. And they’ve certainly succeeded in this goal.

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A look at three very cool UAE home grown companies

We talk a lot about the sheer number of businesses setting up in Dubai, but what’s equally impressive is the incredible diversity of industries in which they are working. The Brookings Global Metro Monitor ranks metropolitan economies around the world and puts Dubai in an incredible fifth place in terms of “overall performance”, while the Global Innovation Index (GII) study found the UAE to be the most innovative country in the Middle East. This is all about Dubai pushing forward in technological development and encouraging public/private sector collaboration. The end result: An amazing playing field for businesses. Let’s take a look at three which have taken full advantage of the infrastructure to rise to new heights.

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A look back at four of Dubai’s most inspiring milestones

It’s no secret that Dubai long ago set its sights on becoming a major global player. The city has always aimed to be talked about in the same breath as London, New York, Paris and Tokyo – and not just in the world of business and trade but fashion, food and culture as well. It’s fair to say that the Dubai of today ranks right alongside those cities in many ways. But how did it do it so fast? A mix of great strategy, planning, marketing, infrastructure development, and more have all contributed, and in this article we take a look at four mega-projects that have all played a part in this success.

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